Saturday, December 31, 2022

Future Outlook of France Used Cars Market: Ken Research

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Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards the development of Used Car Market in France.

Digitization in Sale of Used Cars: Online sales have emerged as a critical market growth factor. Online penetration by dealership companies has played an important role in allowing customers access with a single click. The existence of such developments resulted in a cumulative growth in demand for used cars. AUTO1.com, one of the largest wholesale used car platforms, seeing a year-over-year increase of more than 100 per cent in B2B trading of battery-electric (BEV), plug-in-hybrid (PHEV), and hybrid vehicles (HEVs), totalling more than ~ unit sales.

France Used Cars Market Share

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Introduction of EV Models: Increased investment in the electric segment is also one of the key reasons, which positively impacts the market demand. With the availability of a supply chain network for used cars in the market, significant traction in terms of volume sales is expected. EVs are making their way into the used car market in greater numbers. In terms of selling at least one EV unit in 2021, French dealers contribute around 32 per cent in the EU countries.

Government Regulations: French law states that you must declare the sale of your used car by correctly completing a document entitled a declaration de cession dune vehicle. This needs to be completed irrespective of the value or age of the vehicle. The old document had three pages: one for the seller, one for the buyer and one for your local préfecture. The new version now has just two pages: one for the seller and one for the buyer. Your local prefecture no longer plays any role in this process. Instead, l’Agence Nationale des Titres Sécurisés (ANTS) performs this function. These clear specifications in the government rules and regulations is expected to positively impact the used car market in France.

Analysts at Ken Research in their latest publication France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” by Ken Research observed that the used car market is an emerging automotive market in France at rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for the used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to an increase in prices of new cars, a rise in demand for used cars and government initiatives.

Key Segments Covered in the report: -

      France Used Car Market

By Type of Market Structure

  • Organized Channel
  • Unorganized Channel
  • OEM Certified Franchise Dealers
  • Multi Brand Dealers
  • DDSA
  • C2C Transaction
  • Local Dealership
  • Auction Companies

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By Type Of Car

  • Sedan
  • Hatchback
  • SUV
  • Van
  • Crossover
  • Others

By Age of Vehicle

  • 0-2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • 8-10 years
  • More than 10 years

By Kms Driven and Type of Fuel Engine

  • Less than 5,000 km
  • 5,000-20,000 km
  • 20,000-50,000 km
  • 50,000-80,000 km
  • 80,000-120,000 km
  • Above 120,000 km

Key Target Audience

  • Offline Dealers
  • Online Portal
  • Organized Multi Brands Dealers
  • OEM Certified Dealerships
  • Online Portal
  • Private Equity and Venture Capitalist
  • Industry Associations
  • OEM Manufacturers
  • Automotive Manufacturers
  • Car Auction Companies
  • Car manufacturing Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

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Companies Covered:

Online Companies Covered:

  • Aramisauto
  • Autoscout24
  • La Centrale
  • Paru Vendu
  • Leboncoin
  • BYmyCAR
  • Auto-selection

 Offline Companies Covered:

  • Emil Frey France
  • Geudet
  • BYmyCAR
  • Bernard Automobiles
  • Car Avenue
  • Maurin
  • Jean Rouyer Automobiles

Key Topics Covered in the Report

  • Introduction to France Used Car Market
  • France Used Car Market Size, 2017-2022
  • France Used Car Market Segmentation
  • Trends and Developments in France Used Car Market
  • Issues and Challenges in France Used Car Market
  • Used Car Market Supply Chain
  • France Used Car Auction Market
  • Online Comparative Landscape in France Used Car Market
  • Offline Comparative Landscape in France Used Car Market
  • Government Regulations in France Used Car Market
  • Business Model in Online Used Car /Market
  • Working Model in France Used Car Market
  • Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
  • France Used Car Market Future Outlook and Projections, 2023-2027F
  • Analyst Recommendation for France's Used Car Market

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Future Outlook of France Used Cars Market

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Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

Future Outlook of Belgium Agriculture Machinery Market: Ken Research

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Driven by rising awareness of advance equipment, increasing demand for agriculture equipment rental services along with strong government support, the agriculture machinery market in Belgium has ample growth potential in the coming years.

Strong Government Support: The Government of Flanders (Belgium) has contributed EUR ~ million with the signing of a new agreement with the Food and Agriculture Organization of the United Nations (FAO) to bolster the implementation of the new phase (2022P-2025) of FAO’s Flexible Voluntary Contribution (FVC), previously known as the Flexible Multi-partner Mechanism (FMM). The contribution of non-earmarked funds to the FVC allows FAO to support innovation, strengthen capacities, build partnerships and create synergies through cross-sectoral integration, and fulfil the promise for better production, a better nutrition, a better environment and a better life.Belgium Agriculture Machinery Industry

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Rising Awareness for Advance Equipment’s: With the rising awareness for advance equipment’s surges the demand for planting and fertilizing equipment instead of manual planting and fertilizing techniques. Equipment’s like Sprayers & self-propelled spreaders which deliver more organized & faster operation along with covering a huge area each day, numerous types of sprayers that are machine-operated and equipped with low-pressure, high-pressure, fogger, and air-carrying variants like manual, tractor-mounted, and aerial versions. These new equipment’s offer many benefits to the modern farmer, ensuring greater operational flexibility. These machines ensure even distribution of nutrients and protectants which helps to reduce overall costs and improves crop yields.

Demand for Rental Services: Agricultural equipment rental service is being driven mostly by the need to ease farmers' financial burdens rises due to pandemic and to provide better equipment to the farmer for better yield and productivity to meet the market demand and provide a quality product. Also, Larger farming tools like tillage equipment, mower conditioners, and forage harvesters are not only more expensive but also take longer to produce the required outcomes. As a result, renting farm equipment is offering a better alternative to farmers, thus fueling the Belgium agriculture equipment market.

Analysts at Ken Research in their latest publication Belgium Agriculture Machinery Market Outlook to 2027F Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)” observed the potential of the agriculture machinery Market in Belgium. With the rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, and integration of Agriculture 4.0 along with strong government support are expected to contribute to the market growth over the forecast period. The Belgium Agriculture Machinery Market is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered: -

 

Belgium Agriculture Machinery Market:

By Product, 2022P & 2027F:

  • Tractors (2 Wheel and 4 Wheel)
  • Combine Harvesters
  • Agriculture Implements
  • Rice Transplanters

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By Tractors, 2022P & 2027F:

  • 8HP – 15HP
  • 20HP – 35HP
  • 36HP – 47HP
  • 48HP – 75HP
  • 75HP – 100HP
  • 100HP – 120HP
  • Above 120HP

By Combine Harvesters, 2022P & 2027F:

  • 70HP and Below
  • 75HP – 105HP
  • Above 105 HP

By Rice Transplanters, 2022P & 2027F:

  • 4 Row RT
  • 6 Row RT
  • 8 Row RT

Key Target Audience

  • Existing Agricultural Machinery Companies
  • New Market Entrants - Domestic OEMs
  • New Market Entrants - Foreign OEMs
  • Agricultural Machinery Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Agricultural Machinery Manufacturers
  • Agricultural Machinery Distributors
  • Agricultural Machinery Associations

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Time Period Captured in the Report:

  • Historical Year: 2017-2021
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

Companies Covered:

  • MTZ (Minsk Tractor Factory)
  • New Holland
  • ASI
  • Oliver Farm Equipment Company
  • John Deere
  • Kuhn

Key Topics Covered in the Report

  • Overview, Operating Models and Company Profile of the Automotive Industry in the Egypt, 2022P
  • Ecosystem of Belgium Agriculture Machinery Market
  • Business Cycle, Timeline, and Value Chain Analysis of Agriculture Machinery market in Belgium
  • Belgium Agriculture Machinery Market Sizing, 2017- 2022P
  • Market Segmentations of Belgium Agriculture Machinery Market by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)
  • SWOT Analysis of Belgium Agriculture Machinery Market
  • Growth Drivers of Belgium Agriculture Machinery Market
  • Government regulations of Belgium Agriculture Machinery Market
  • Government Incentives and Policies Agriculture machinery in Belgium
  • Trends and Developments of Belgium Agriculture Machinery Market
  • Challenges of Belgium Agriculture Machinery Market
  • Competitive Analysis of Agriculture Machinery Market in Belgium
  • End User Analysis of Agriculture Machinery Market in Belgium
  • Future Outlook and Projections of Agriculture Machinery Market in Belgium, 2022P-2027F
  • Market Opportunities and Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Belgium Agriculture Machinery Market

Related Reports by Ken Research: -

Thailand Agricultural Machinery Market Outlook to 2025

Indonesia Used Tractor Market Outlook to 2027

Friday, December 30, 2022

Global Night Vision Device Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028): Ken Research

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What Is the Size of Global Night Vision Device Industry?

Global Night Vision Device market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Night Vision Device market is witnessing robust growth to the rising spending by the governments on their military modernization, emerging technologies in the night vision devices, and the growing range of applications of these products in civil and defense-related security among other. The rising cases of terrorist attacks globally every year are making governments focus and spend more on their security services to protect their citizens from such attacks which is one of the major factors propelling the Night Vision Device market growth.

The availability of a variety of night vision devices such as riflescopes, goggles, cameras, and binoculars & monocular are providing the potential customers to purchase a product of their own choices based on their requirements which are driving the market as the companies are trying to offer products to cater to the demands of the end users.

The Covid-19 pandemic had a positive influence on the growth of the market for night vision devices as it helped authorities monitor the citizens and the situation in a better way. For example, the United States Defense Department used thermal imaging techniques to check the elevated body temperatures of a person entering its military facilities to detect Covid-19 while allowing a safe distance between the operator and the individual.

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Global Night Vision Device market by Devices

The Global Night Vision Device Market is segmented by Devices on the basis of goggles, monocular & binoculars, camera, glasses, scopes and others. Goggles segment holds the largest share of the Global Night Vision Device Market in 2022. Goggles category dominates the night vision devices market by device type as they use image enhancement technology and are able to provide a good image by amplifying the available light. The rise in research and development investment and increase in demand from military and defense sectors are driving its demand. The Camera segment is expected to grow at the fastest rate during the forecast period mainly due to their low maintenance cost and ability to reduce glare from harsh light sources.

Global Night Vision Device Industry

Global Night Vision Device market by Technology

The Global Night Vision Device market is segmented by Technology into thermal imaging, image intensifier, infrared illumination and others.  The Image Intensifier technology segment dominated the market for Night Vision devices in 2022. This Image Intensifier technology is much cheaper than the other technologies such as thermal imaging which is a major factor in its growth. Furthermore, the integration of advanced technologies such as image intensifiers especially in border investigation applications for night vision devices is propelling the market growth.

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Global Night Vision Device market by Application

The Night Vision Device Market is segmented by Application on the basis of military & defense, wildlife spotting & conservation, surveillance, targeting, navigation and others. The Surveillance segment held the largest market share in 2021. The Surveillance sector dominates the market due to the ever-increasing requirement of night vision security, enhanced border surveillance, and video surveillance to protect the cites and citizens. During this covid pandemic period, video surveillance allows enforcement officers to keep an eye on the movement of people without causing any harm to themselves by keeping a safe distance.

Global Night Vision Device Market by Geography

The Global Night Vision Device market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounts for the largest share among all Regions within the total Night Vision Device market in 2021.

The security threats to countries like US and Canada coupled with the rising demand to bolster their internal securities 24/7 are driving the market growth of the North American market. The constant threat of cross-border human and drug trafficking for this region is also helping the market to grow. The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to the government’s investments in location-based devices, public transport systems, and the rising military and defense budgets.

For more insights on the market intelligence, refer to the below link:-

Global Night Vision Device Market

KSA Fintech Market is in its growing stage, Driven By accelerated digitalization, Government initiatives, and, High Fintech Adoption: Ken Research

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A strong indicator of growth in the fintech market is, growth in certain industry verticals like payments and currency exchange driven by an increase in digital payments in KSA and lending and finance owing to high requirement of funds in market both for personal and business use.

Covid Led Growth: The accelerated digitalization as a result of the COVID-19 pandemic has led to a surge in demand for fintech solutions and subsequent growth in both their market share and enterprise value. In particular, the pandemic has resulted in a growth in demand for easier-to-use financial tools in areas such as buy-now, pay later and investment brokering solutions.

Rising Government Support: Government initiatives including the easing of foreign direct investment regulations and the launch of Saudi Venture Capital Company and Jada Fund of Funds has increased venture capital liquidity in the Kingdom.

Fund Allocation by Investment Community: SAMA’s Regulatory Sandbox and CMA’s FinTech Lab and the release of regulations for a number of different fintech activities has proved the investment community with the confidence and clarity to allocate more funds towards fintech companies. 

Highest Levels of Fintech Adoption: Saudi Arabia has one of the highest levels of fintech adoption in the region. In a recent announcement by SAMA, Saudi Arabia was shown to have the highest adoption of NFC contactless payments in MENA.  As per Fintech Saudi’s National Fintech Adoption Survey, 74% of individuals have had experience in using at least one fintech solution.  With a population of nearly 35m people and a high rate of fintech adoption, fintech companies have a significant runway for growth which contributes to the attraction of the sector for venture capital investors. 

Access to Customers: It is difficult for FinTech’s to gain access to customers and conduct customer testing. Thus, it becomes important to take steps regarding financial literacy and inclusion in the KSA. The launch of Open Banking will in this aspect as it will drive healthy competition in the market allowing firms to compete at much lower prices leading to higher customer satisfaction. As such, these services will be available to a wide range of customers enhancing the financial inclusion in KSA. 

KSA Fintech Market

Analysts at Ken Research in their latest publication- “KSA Fintech Market Outlook to 2027- Driven by the government regulations and initiatives and the growing adoption of technology among the residents by Ken Research provides a comprehensive analysis of the potential of the fintech market in KSA. Rising Investment Activity and Increasing Convergence in The Fintech Industry are expected to contribute to the market growth over the forecast period. KSA Fintech Market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F.

Key Segments Covered

  • Segmentation by service vertical:
  • Payments and Currency Exchange
  • Lending and Finance
  • Business tools
  • Personal financing
  • Private fundraising
  • Capital market
  • Infrastructure
  • Segmentation by Region:
  • Riyadh
  • Khobar
  • Dammam
  • Jeddah
  • Segmentation by Investment Stage:
  • Series A
  • Series B and above
  • Early (Pre-seed, Seed)
  • Undisclosed
  • Segmentation by Company Stage:
  • Testing License
  • Active
  • Idea stage
  • Pre-commercial

Key Target Audience

  • Banks and Financial Institutions
  • Cash Reconciliation Companies
  • Payment Aggregators
  • Payment Network Companies
  • Payment Interface Companies
  • M-Wallet Companies
  • Young First-Generation Entrepreneurs
  • Payment Gateway Companies
  • PoS Terminal Companies
  • M-PoS Terminal Companies

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Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2023F–2027F

Companies Covered:

Payments and Currency Exchange-

  • stc pay
  • Tweeq
  • CLICK PAY
  • geidea
  • NearPay
  • neo leap
  • Surepay
  • PayTabs
  • FOODICS
  • noon payments
  • CASHIN
  • HYPER PAY

Lending and finances-

  • Tamara
  • tabby
  • tamam
  • FORUS
  • Lendo

Private Fundraising-

  • FALCOM TOJÁ
  • Buthoor
  • OSOOL & BAKHEET FUND
  • Manafa

Business Tools & Information Provision­-

  • Foodics
  • Flexxpay
  • Penny
  • wosul

Payment System Operators –

  • Visa
  • Apple pay
  • American Express
  • Google pay

Key Topics Covered in the Report

  • Executive Summary
  • Global Fintech Market Overview
  • MENA Fintech Market Overview
  • Overview of KSA Fintech Industry (Number of Fintechs and Fintech Ecosystem Enterprise Value, 2022)
  • Market Size of KSA Fintech Market on the basis of GTV and Volume of Transactions, 2022
  • Market Size of different Service Verticals of KSA Fintech Market on the basis of Volume of Transactions, 2022
  • Market Segmentation (by service vertical, by region, by Company Stage and Investment Stage)
  • Industry analysis
  • SWOT Analysis of KSA Fintech Market
  • Growth Drivers of KSA Fintech Market
  • Trends and Developments in KSA Fintech Market
  • Value Chain Analysis
  • Market Segmentations; Competition; Future Market Size, 2027)
  • Competition Landscspe
  • Future Trends and the Way Forward
  • Analyst Recommendations
  • Case study
  • Covid impact
  • Research methodology                                                                                                                     

For more information on the research report, refer to below link:

KSA Fintech Market: Ken Research

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KSA Personal Finance Market Outlook to 2026F

UAE Auto Finance Market Outlook to 2026F

Expanding healthcare spending by the Government and Increasing Public Awareness acting as a catalyst for the Clinical Laboratory Market in Thailand

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  1. The increasing healthcare spending by the aging population and introduction of technologically advanced products are some factors boosting the Clinical Laboratory market.

Thailand Clinical Laboratory Market

The Thailand Clinical Laboratory Market is one of the fastest growing service segments in Thailand. This growth is primarily due to an increase in healthcare spending due to an aging population, rising income levels, growing awareness of preventive testing, the availability of advanced healthcare diagnostic tests, and healthcare policies implemented by the central government. Improvements in clinical diagnostics and testing technology have also led to an increase in the number of rapid and broad testing advances, which has contributed to the rise in overall demand. Thailand's funding for healthcare is being increased, and continuous healthcare development initiatives have been essential to the industry's continued progress.

  1. Public Hospital Labs have the highest revenue share in the Thailand Clinical Laboratory Industry.

Thailand Clinical Laboratory Market

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Private hospital labs hold a 35.0% revenue share of the market in 2021, thanks to a growth in the number of clinical laboratories across the nation and the availability of test packages that satisfy the needs of various client groups. The national health insurance coverage is expanding the share of public hospital labs. Modern technology and equipment are available in private laboratories to conduct specialist testing including microbiology, anatomical pathology, and esoteric examinations.

  1. Private Health Insurance covers the majority of the market share in the Thailand Clinical Laboratory Market.

Thailand Clinical Laboratory Market

Private health insurance is the main source of revenue for laboratories. 30% of the tests conducted in Thailand were conducted by corporations. An increase in corporate clients for pre-employment exams and annual health checks has been observed by the expanding the Thai labor force.  Because of the high standard and breadth of treatments provided by private health insurance providers, it is more common to purchase private health insurance.

For more information on the research report, refer to below link:

Thailand Clinical Laboratory Market Outlook to 2026F

Agriculture remains a vital contributor to Australia’s economy providing majority of the domestic food supply leading to demand for Agri-equipment: Ken Research

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Focus on Embracing Technological Advancements, Government Initiatives and Entry of Online portals in the market are major factors contributing towards the development of Agriculture equipment Market in Australia.

 Pandemic-led impact: In 2021, huge demand for grains coupled with high prices, a tax write-off from the Australian government, and low-interest rates created the highest level of demand in the farm machinery market. A shortage of components interfered with the production of many items of machinery. This shortage was due to disruptions in the supply chain caused by COVID-19 restrictions including manufacturing industry closures, shortage of labour and scarcity of raw materials due to transportation controls.

australia-agri-equipment-market

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Rental agricultural equipment market became popular during the pandemic which allowed farmers to rent advanced agriculture equipment and machinery at competitive prices.

High demand for Tractors: Tractor is the most sold equipment as it is a multi-purpose vehicle and all the farmers need a tractor to carry out agricultural activities. Demand for alternative fuel-based tractors rather than conventional diesel-based tractors will drive the market owing to their fluctuating prices. Low operating cost and less maintenance requirements will fuel the demand for biodiesel tractors. Utility Tractors are the most used tractors due to their application in farming operations like ploughing and pulling heavy implements. These are multifunctional tractors. 4WD tractors are more efficient and durable as compared to 2WD tractors.

Factors leading to consumer purchase decision: Consumers purchase agriculture equipment based on the type of equipment required for the agricultural operation, brand and availability of financing methods. Owing to the rough terrain of agricultural lands in Australia, large-scale farming operations require tractors and harvesters. Consumers focus on financial services provided by brands and aftermarket and customer support prior to purchasing equipment. Captives are generally preferred in the market as the companies provide better deals for equipment. Down payment charged by them is ~5-10%. Price and quality of the equipment along with the level of automation and type of commodity produced by the farmer affects the decision-making process of purchasing an equipment.

Analysts at Ken Research in their latest publication Australia Agricultural Equipment Market Outlook to 2026F - Driven by Adoption of Technological Advancements in Farming Techniques and Financial support of Government”by Ken Research observed that Agri-equipment Market in Australia is at a growing stage. The rising government policies and demand in Agri-equipment industry, an increase in credit availability along with rising online platforms for sale of Agri-equipment is expected to contribute to the market growth over the forecast period. The market is expected to grow at 9.1% CAGR by value, during 2021-2026F.

Key Segments Covered in the report: -

      Australia Agri-Equipment Market

 By Type of Equipment

  • Tractors
  • Harvesters
  • Planting Equipment
  • Irrigation and crop processing Equipment
  • Spraying Equipment
  • Hay and Forage equipment

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By Mode of Sales

  • Online
  • Offline

By Type of Purchase

  • Financed purchase
  • Non-Financed purchase

By Automation

  • Semi-automatic
  • Manual
  • Automatic

By Sales Channel

  • OEM
  • Aftermarket

By Application

  • Harvesting& Threshing
  • Land development and seedbed preparation
  • Sowing and Planting
  • Weed cultivation
  • Post-harvest & Agro-processing
  • Plant protection

By Region

  • Western Australia
  • New South Wales
  • Queensland
  • Northern territory
  • South Australia
  • Victoria
  • Tasmania

Key Target Audience

  • Existing Agricultural Equipment Companies
  • New Market Entrants- Domestic OEMs
  • New Market Entrants- Foreign OEMs
  • Agricultural Equipment Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firm
  • Agricultural Equipment Manufacturers
  • Agricultural Equipment Distributors
  • Agricultural Equipment Associations
  • Market Research and Consulting Firms
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Base Period: 2021
  • Forecast Period: 2021-2026F

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Companies Covered:

    Leading companies

  • John Deere
  • Kubota
  • CLAAS
  • AGCO
  • CNH Industrial
  • Massey Ferguson
  • CASE Agriculture
  • AGRIFARM
  • Farm Tech
  • DOBMAC
  • GASON
  • VIN ROWE
  • PELLENC

Key Topics Covered in the Report

  • Executive Summary
  • Country Overview of Australia
  • Overview and Genesis of the Agriculture Equipment Market in Australia
  • Ecosystem of Australian Agriculture Equipment Market
  • Market Segmentations of Agriculture Equipment Market in Australia
  • Snapshots on different Agriculture Equipment Markets in Australia
  • SWOT Analysis of Australia Agriculture Equipment Market
  • Growth Drivers of Australia Agriculture Equipment Market
  • Trends and Developments of Australia Agriculture Equipment Market
  • Challenges of Australia Agriculture Equipment Market
  • Competitive Analysis of Agriculture Equipment Market in Australia
  • Future Outlook and Projections of Agriculture Equipment Market in Australia, 2021-2026
  • Government Initiatives to Regulate Australia Agri-equipment Market
  • Cross Comparison of Major Players in Australia Agri-equipment Market
  • Covid-19 Impact on Australia Agri-equipment Market
  • Outlook and Future Projections for Australia Agri-equipment Market
  • Market Opportunity and Analyst Recommendations
  • Research Methodology

For More Insights On The Market Intelligence, Refer To The Link Below: -

Future Outlook of Australia Agricultural Equipment Market

Related Reports by Ken Research: -

South Africa Agricultural Equipment Market Outlook to 2025

Indonesia Agriculture Equipment Market Outlook to 2025

Thailand Clinical Laboratory Industry Has Evolved Over the Years and Has Become a Critical Solution Provider: Ken Research

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Expanding healthcare spending by the Government, increasing healthcare spending by aging population and increasing public awareness led to the growth of the Clinical Laboratory Market in Thailand.

Thailand Clinical Laboratory Market Overview: The Clinical Laboratory Market in Thailand is currently at the growth stage and is a consolidated market. The market has been driven by growth in non-communicable disease and chronic diseases, increasing focus on preventive medicine, ageing population, increase in awareness levels, rising disposable income and preference for evidence based treatment. The Thailand Clinical Laboratory Market grew from 6.7% in 2017 to 12.3% in 2021 in terms of revenue generated, due to the growing demand for clinical laboratory services in the country.

Challenges Faced by Thailand Clinical Laboratory Market: In spite of the growing demand for diagnostic services, affordability remains a concern. Budget constraints from both public and private payers are pushing costs lower. The number of sample sales and test price are very competitive among both organized and unorganized businesses. Diagnostics facilities need to modify their technology frequently to maintain a competitive edge. However, these improvements not only require large construction expenditures but also raise maintenance expenses. This is essential, especially for smaller players with little resources. Lack of laboratory accountability for the services that they render, insufficient oversight of suppliers, consumables, supplies, and laboratory equipment in terms of price, commitments, and warranty support; are still very challenging issues.

Supportive Government Initiatives: Thailand’s reform places a heavy emphasis on improving a district health system that is pro-rural and pro-poor. To promote lab accreditation and restore consumer trust, the government has established national accreditation bodies such as the Thailand Laboratory Accreditation Program. The national accreditation program was established as a local alternative to make it affordable, feasible, scalable, sustainable, and effective. In 2008, Thailand’s Universal Coverage Scheme (UCS) was extended to include wider coverage. The UCS plan focuses on minorities and the poor and near-poor, with the aim of offering the most comprehensive coverage possible. It includes extensive outpatient and inpatient health care, as well as prevention and health promotion, in addition to basic hospital fees.

Thailand Clinical Laboratory Market

Analysts at Ken Research in their latest publication Thailand Clinical Laboratory Market Outlook to 2026F- Driven by current shortage, widening customer base, Government initiatives and increasing corporate requirements for clinical testing” by Ken Research observed that Thailand Clinical Laboratory Market is in the growing phase. Increasing healthcare spending by aging population, expanding healthcare spending by the Government and increasing public awareness are some of the factors that will contribute to the Thailand Clinical Laboratory Market growth over the period of 2022F-2026F. It is expected that Thailand Clinical Laboratory Market will grow at a CAGR of 9.5% for the above forecasted period.

Key Segments Covered

Thailand Clinical Laboratory Market:

  • By Independent Laboratory
  • Organized Labs
  • Unorganized Labs
  • By Payer
  • Private Health Insurance
  • Corporates
  • Out of Pocket
  • By Customers
  • Walk-Ins
  • Doctor Referrals
  • Corporate Clients
  • Online Bookings

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  • By Type of Tests
  • Routine
  • Esoteric
  • Non-Laboratory
  • By Type of Routine Tests
  • CBC (Complete Blood Count)
  • A1C
  • Basic Metabolic Panel
  • Others
  • By Type of Esoteric Tests
  • Infectious Disease
  • Endocrine
  • Allergic Disease
  • Oncology
  • Others
  • By Region
  • Bangkok
  • Nakhon Ratchasima
  • Samut Prakan
  • Ubon Ratchathani
  • Khon Kaen
  • Others
  • By Type of Laboratory in Private Hospitals
  • In-house Labs
  • Third Party Tie-Ups

Key Target Audience

  • Clinical Laboratory companies
  • Organized Clinical Laboratories
  • Unorganized Clinical Laboratories
  • Private Hospitals
  • Private Equity and Venture Capitalist
  • Industry Associations
  • Technology providers
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Base Year: 2021
  • Forecast Period: 2022F– 2026F

Companies Covered:

Organized Labs

  • N Health
  • Pathlab
  • Thonburi Clinical Labs
  • Bangkok Medical Labs
  • BRIA Group
  • MIC Labs

Unorganized Labs

  • Medical Line Lab
  • Innotech Laboratories
  • Service Co., Ltd.Innolab
  • Prolab 
  • Pattaya Clinic Laboratory
  • CCS Medical laboratory
  • Excellent Pathological
  • Lab Company Limited
  • DNA Testing Laboratory Co.,Ltd.
  • Pathology Diagnostic Center
  • Ubon Pathology
  • Rachvipa MRI Company Limited
  • hi-tech lab
  • Bangkok Pathology-Lab
  • Inter-Lab Pathology and Research Center

Key Topics Covered in the Report

  • Thailand Clinical Laboratory Market Overview
  • Thailand Healthcare Overview
  • Ecosystem of Thailand Clinical Laboratory Market
  • Thailand Clinical Laboratory Market Segmentation
  • Industry Analysis of Thailand Clinical Laboratory Market
  • Value Chain of Clinical Laboratory Market in Thailand
  • Key Growth Drivers in Thailand Clinical Laboratory Market
  • End User Analysis of Thailand Clinical Laboratory Market
  • Key Challenges of Thailand Clinical Laboratory Market
  • SWOT Analysis of Thailand Clinical Laboratory Industry
  • Future Outlook of Thailand Clinical Laboratory Industry
  • Trends and Development of Thailand Clinical Lab Market
  • COVID-19 Impact on Clinical Laboratory Market in Thailand

For more information on the research report, refer to below link:

Thailand Clinical Laboratory Market Outlook to 2026F

Related Reports

Philippines Clinical Laboratory Market Outlook to 2027F

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)

Vietnam Clinical Laboratory Market Outlook to 2022 

The Edible Oil Market In Vietnam Is Now Growing At A Steady Rate, With Palm Oil Dominating The Industry: Ken Research

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Farm Mechanization: Although Farm mechanization in Vietnam is still in its nascent stages, it is now seeing a sudden rise due to favourable and targeted government policies. Lack of access to farm power is one of the primary reasons for the slow uptake of farm mechanization and hence the non-intensification of farm productivity, particularly among small and marginal farmers. Moreover, the sector faces critical challenges in terms of a large share of small and marginal farmers, declining land holding sizes, high cost of farm machinery and equipment, inappropriate technology, undeveloped markets, complex operations, maze of legislation and insufficient policy framework. A steady change has been witnessed in recent years with farmers being able to access farm machinery on a rental basis. Furthermore, Substantial public investments including those in agricultural R&D and irrigation infrastructure, as well as the acceleration of the economic transformation in the county, are likely to stimulate the demand for machine use.

Lifestyle Changes: As urbanization increases in developing countries, dietary habits and traditional meal patterns are expected to shift towards processed foods that have a high content of vegetable oil. Vegetable oil consumption in Vietnam is, therefore, expected to remain high due to high population growth and consequent urbanization. Inclination towards processed food has also been exaggerated by a busy lifestyle & a decline in the desire to cook meals at home. On the other hand, people who are health conscious are expressing their desire to purchase & consume healthy meals containing healthy & nutritious oils. This has led to many people purchasing premium products thereby increasing the demand for high-quality edible oil.

vietnam-edible-oil-market

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Rising Disposable Income: With the annual income increasing, individuals are expressing their inclination towards better quality food products including edible oils. This can also be attributed to them having extra money to save or spend which compels a person to go ahead with premium products in every sphere. Moreover, a rise in income is also the root cause for a person trying to maintain a certain lifestyle.

Covid Impact: Despite the COVID-19 pandemic, Vietnam has seen an increase in the production and consumption of refined vegetable oils, especially rice bran oil. Moreover, palm oil exports have also increased manifold even though there was a decrease in the imports of the same in 2021. According to TDM, in 2020/21, Vietnam imported 915,000.0 tons of palm oil, down 9.0% compared to the previous year due to COVID-19 restrictions that impacted the food service, food processing, and tourism sectors. Palm oil accounted for about 92.0% of the total vegetable oil imports in 2020/21 due to its low price. The two main palm oil suppliers are Indonesia and Malaysia.

Analysts at Ken Research in their latest publication, Vietnam Edible Oil Market Outlook 2026F- driven by Rise in Disposable Income, Prevalence of Health Problems and Increasing Inclination towards Healthy Lifestyle observed that the market will experience a steady uptick in the upcoming years. Rising income levels & demand for high-quality oil are expected to be the main growth drivers in the upcoming years. Growing disposable income, an ageing population, and a preference for healthier lifestyles are some of the factors driving the market's expansion. It is expected that the Vietnam Edible Oil market will grow at a CAGR of 7.7% (2021-2026) for the foreseeable future.

Key Segments Covered: -

By Type

  • Palm Oil
  • Rapeseed Oil
  • Soybean Oil
  • Coconut Oil
  • Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)

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By Volume

  • Palm Oil
  • Rapeseed Oil
  • Soybean Oil
  • Coconut Oil
  • Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)

By Mode of Sales

  • Online
  • Offline

By type Of Sales Channel

  • Super Market
  • Grocery Store
  • Convenience Store
  • Local market
  • Specialised Store

Key Target Audience

  • Supermarkets
  • High-Income Individuals
  • Local Stores
  • Online Stores
  • Convenience Stores

Time Period Captured In the Report:

  • Historical Period: 2016-2021
  • Base Period: 2021
  • Forecast Period: 2022P-2026F

Companies Covered in Vietnam Edible Oil Market

  • Vinacommodities Corporation
  • Vocarimex (Calofic)
  • Kido Nha Be
  • Tuong An
  • Voe ( Vegetable Oil Extraction)
  • Quang Minh Corporation Joint Stock Company
  • South America Vegetable Oil Joint Stock Company
  • Otran Viet Nam Corporation
  • Vegetable Oil Trading JSC
  • PVN Oil ltd

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Key Topics Covered:

  • Vietnam Edible Oil Market Outlook
  • Market Size of Vietnam Edible Oil Market, 2021
  • Forecast of Vietnam Edible Oil Market
  • Historical Data and Forecast of Vietnam Edible Oil Revenues & Volume
  • Vietnam Edible Oil Market Trend Evolution
  • Vietnam Edible Oil Market Drivers and Challenges
  • Vietnam Edible Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Type, application, distribution channel
  • Vietnam Edible Oil Top Companies Market Share
  • Vietnam Edible Oil Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Edible Oil Company Profiles
  • Vietnam Edible Oil Key Strategic Recommendations

For more insights on market intelligence, refer to the link below: -

Future Outlook of Vietnam Edible Oil Market

Related Report by Ken Research: -

India Edible Oil Market Outlook to 2022

Global Medical Tubing Market is expected to record a positive CAGR of ~11% during the forecast period (2022-2028): Ken Research

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What Is the Size of Global Medical Tubing Industry?

Global Medical Tubing market is growing at a CAGR of ~% in 2018-2022 and is expected to reach ~USD Mn by 2028F. The medical grade tubing market is witnessing robust growth in extruded tubing owing to the increasing development of complex, multifunctional, and miniatured medical devices. Innovations in medical device technology are increasing the level of competition and forcing tubing manufacturers to provide quality and functionality in the products whilst reducing the costs. The advancements in technology enable novel procedures that increase the demand for customized, creative, and thermoplastic tubing solutions.

The market for medical grade tubing is expected to grow, especially due to the shift toward minimally invasive surgeries over conventional surgeries.

New technological advancements such as peelable heat shrink tubing offer the highest heat shrink ratios, allowing cost-effective, low tolerance, and baseline materials for manufacturing catheters. One of the most recent advancements in the market is the development of systems used for the measurement of inner diameters of silicone tubes. For instance, Freudenberg Medical recently launched the Helix iMC system, which uses sensor technology for the measurement of inner diameters of single lumen and multi-lumen tubing. The use of plastics in the medical grade tubing is growing significantly. Plastics materials with its versatile nature has emerged as a strong alternative to the conventionally used metals for medical tubing.

Global Medical Tubing market by Application

The Global medical grade tubing market has been segmented on the basis of application into abrasion protection, drug delivery, bulk disposable tubing, catheters, special applications, and other applications. The drug delivery segment is expected to create an incremental opportunity of USD~ million during the forecast period 2022-2028F. The abrasion protection segment is also expected to witness accelerated growth during the forecast period, registering an incremental opportunity of USD~ million.

Global Medical Tubing Industry

Bulk disposable tubing, drug delivery, and catheters are the upcoming segments in this field and are estimated the fastest-growing segments during the forecast period 2022-2028F. Catheters are used for a wide range of medical applications, including minimally invasive surgeries.

Global Medical Tubing Market By End-User

The global medical grade tubing market has been segmented based on the end market into three categories, namely, medical, bio-pharmaceutical and life science, and clinical testing. The bio-pharmaceutical and life science segment is expected to create an incremental opportunity of USD ~million during the forecast period 2022-2028F.

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The medical segment also witnessed accelerated growth due to the increasing need for medical tubing for various medical applications. The medical segment is expected to register a CAGR of ~% during the forecast period 2022-2028F. Clinical testing is the upcoming segment in the medical grade tubing market. In terms of market share, the medical segment is the leading end market in the global medical grade tubing market.

Global Medical Tubing Market By Material

The global medical grade tubing market has been segmented on the basis of material into fluoropolymers, polyolefins, polyvinyl chloride (PVC), silicone, thermoplastic elastomers, and other materials. The fluoropolymers segment is expected to create an incremental opportunity of USD~ million during the forecast period 2022-2028F. The PVC segment is also expected to witness accelerated growth during the forecast period, registering an incremental opportunity of USD~ million.

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The silicone material is the fastest-growing segment during the forecast period 2022-2028F. The demand for silicone in the medical and pharmaceutical industry is steadily increasing owing to its bio-compatible nature and mechanical performance.

Global Medical Tubing Market By Structure

The global medical grade tubing market has been segmented on the basis of product type into two categories, namely, single lumen tubing and multi-lumen tubing. The single lumen tubing segment is expected to create an incremental opportunity of USD~ million during the forecast period 2022-2028F. The multi-lumen segment also witnessed accelerated growth due to the increasing need for medical tubing for various medical applications. The single lumen segment is expected to register a CAGR of ~% during the forecast period 2022-2028F. Multi-lumen tubing was valued at USD~ million in 2022 and is expected to reach USD~ million by the end of 2028F, registering a CAGR of ~% during the period forecast 2022-2028F.

For more insights on the market intelligence, refer to the below link:-

Global Medical Tubing Market

The Edible Oil Market In Vietnam Is Now Growing At A Steady Rate, With Palm Oil Dominating The Industry: Ken Research

Farm Mechanization: Although Farm mechanization in Vietnam is still in its nascent stages, it is now seeing a sudden rise due to favourable and targeted government policies. Lack of access to farm power is one of the primary reasons for the slow uptake of farm mechanization and hence the non-intensification of farm productivity, particularly among small and marginal farmers. Moreover, the sector faces critical challenges in terms of a large share of small and marginal farmers, declining land holding sizes, high cost of farm machinery and equipment, inappropriate technology, undeveloped markets, complex operations, maze of legislation and insufficient policy framework. A steady change has been witnessed in recent years with farmers being able to access farm machinery on a rental basis. Furthermore, Substantial public investments including those in agricultural R&D and irrigation infrastructure, as well as the acceleration of the economic transformation in the county, are likely to stimulate the demand for machine use.

Lifestyle Changes: As urbanization increases in developing countries, dietary habits and traditional meal patterns are expected to shift towards processed foods that have a high content of vegetable oil. Vegetable oil consumption in Vietnam is, therefore, expected to remain high due to high population growth and consequent urbanization. Inclination towards processed food has also been exaggerated by a busy lifestyle & a decline in the desire to cook meals at home. On the other hand, people who are health conscious are expressing their desire to purchase & consume healthy meals containing healthy & nutritious oils. This has led to many people purchasing premium products thereby increasing the demand for high-quality edible oil.

vietnam-edible-oil-market

To Know More about this report, download a Free Sample Report

Rising Disposable Income: With the annual income increasing, individuals are expressing their inclination towards better quality food products including edible oils. This can also be attributed to them having extra money to save or spend which compels a person to go ahead with premium products in every sphere. Moreover, a rise in income is also the root cause for a person trying to maintain a certain lifestyle.

Covid Impact: Despite the COVID-19 pandemic, Vietnam has seen an increase in the production and consumption of refined vegetable oils, especially rice bran oil. Moreover, palm oil exports have also increased manifold even though there was a decrease in the imports of the same in 2021. According to TDM, in 2020/21, Vietnam imported 915,000.0 tons of palm oil, down 9.0% compared to the previous year due to COVID-19 restrictions that impacted the food service, food processing, and tourism sectors. Palm oil accounted for about 92.0% of the total vegetable oil imports in 2020/21 due to its low price. The two main palm oil suppliers are Indonesia and Malaysia.

Analysts at Ken Research in their latest publicationVietnam Edible Oil Market Outlook 2026F– driven by Rise in Disposable Income, Prevalence of Health Problems and Increasing Inclination towards Healthy Lifestyle observed that the market will experience a steady uptick in the upcoming years. Rising income levels & demand for high-quality oil are expected to be the main growth drivers in the upcoming years. Growing disposable income, an ageing population, and a preference for healthier lifestyles are some of the factors driving the market’s expansion. It is expected that the Vietnam Edible Oil market will grow at a CAGR of 7.7% (2021-2026) for the foreseeable future.

Key Segments Covered: –

By Type

  • Palm Oil
  • Rapeseed Oil
  • Soybean Oil
  • Coconut Oil
  • Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)

To more about industry trends, Request a free Expert call

By Volume

  • Palm Oil
  • Rapeseed Oil
  • Soybean Oil
  • Coconut Oil
  • Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)

By Mode of Sales

  • Online
  • Offline

By type Of Sales Channel

  • Super Market
  • Grocery Store
  • Convenience Store
  • Local market
  • Specialised Store

Key Target Audience

  • Supermarkets
  • High-Income Individuals
  • Local Stores
  • Online Stores
  • Convenience Stores

Time Period Captured In the Report:

  • Historical Period: 2016-2021
  • Base Period: 2021
  • Forecast Period: 2022P-2026F

Companies Covered in Vietnam Edible Oil Market

  • Vinacommodities Corporation
  • Vocarimex (Calofic)
  • Kido Nha Be
  • Tuong An
  • Voe ( Vegetable Oil Extraction)
  • Quang Minh Corporation Joint Stock Company
  • South America Vegetable Oil Joint Stock Company
  • Otran Viet Nam Corporation
  • Vegetable Oil Trading JSC
  • PVN Oil ltd

Visit this Link Request for a custom report

Key Topics Covered:

  • Vietnam Edible Oil Market Outlook
  • Market Size of Vietnam Edible Oil Market, 2021
  • Forecast of Vietnam Edible Oil Market
  • Historical Data and Forecast of Vietnam Edible Oil Revenues & Volume
  • Vietnam Edible Oil Market Trend Evolution
  • Vietnam Edible Oil Market Drivers and Challenges
  • Vietnam Edible Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Type, application, distribution channel
  • Vietnam Edible Oil Top Companies Market Share
  • Vietnam Edible Oil Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Edible Oil Company Profiles
  • Vietnam Edible Oil Key Strategic Recommendations

For more insights on market intelligence, refer to the link below: –

Future Outlook of Vietnam Edible Oil Market

Related Report by Ken Research: –

India Edible Oil Market Outlook to 2022

Employee Engagement Surveys Provide Employees A Chance To Be Heard: Ken Research

Ken Research allows you to read into the minds of hundreds or more employees and are quick to construct and roll out, noticeably intuitive in proposing the drill-down questions, assist isolate problems, and proposing world-class insightful reporting, analytics, and correlation.

Efficacious organizations rely on a robust, employed workforce and culture that propels the complete company’s performance. Employee Engagement Survey conveniently show how much your employees are participating in the affairs of the organization and make it convenient for HR to improve loyalty, mood, and sentiment.

Every organization’s performance is partially reliant on the degree of satisfaction, opinions, and attitude of its employees. Employee dissatisfaction can deduct organizational competitiveness and productivity. We as one of the best employee engagement solution companies deliver an employee engagement assessment platform to measure employee satisfaction and engagement levels in the organization. These surveys can deliver your organization with higher clarity and a list of tortious items. All organizations necessitate tracking and analyzing primary engagement metrics in order to know where the organization pauses. Employee Engagement Survey Providers in India likewise Ken Research enables you to generate your own questionnaire and makes it convenient to listen to the pulse of your organization.

Who is it for?

  • The assessment and analytics insights will help recognize high-impact initiatives and intervention requirements, and assist prioritize what to support and action in the action planning procedure by delivering best practices and suggestions from good workplaces.
  • Organizations who would like to assess the prevalence of employee experience through a structured, globally validated framework backed by years of research.
  • Leaders who would like to bring about a culture shift that will allow employees to accomplish organizational aims by providing their personal best and functioning together as a team.
  • Organizations who want to assess how efficiently people managers are generating great workplace culture in their span of control and deliver managers with demanded feedback to improve team experience.
  • Our solutions by Employee Engagement Survey Consultants will also behave organizations and leaders who, after laying an accurate cultural foundation, would like to investigate the impact of their individual programs at constant intervals and make course improvements to their internal action plans.
  • Organizations looking for an integrated podium that allows leaders and people managers to leverage actionable insights to form and track impactful action plans as well as measure their impact on the go.

Benefits you get

  • Assists in retaining the best talents & delivering employees the best packages.
  • Understanding the pulse of the employees & the persisting issues within an organization.
  • Assists employees to deliver open feedback & the company to recognize critical fields of advancements.

How does employee engagement service provider carry?

  • Understanding the aims of the client to conduct the survey.
  • Collection of a questionnaire or an online tool to administer the survey.
  • Analysis & Interpretation of the survey results & findings to deliver a crystal-clear image of the situation.
  • Recommendations on different HR interventions in-line with the company’s goal.

The Japan Car Rental Industry has grown in the last five years even after seeing a drop during the lockdown: Ken Research

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The Car Rental Market in Japan saw a dip in the growth rate in 2020 due to the Covid-19 pandemic, but post-pandemic as things have started going back to normal, the industry is expected to bounce back.

Japan Car Rental Market Overview: The Japan Car Rental Market is currently at the growth stage owing to the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration and rising population. Highest share of revenue is generated from organized sector, as most tourists prefer the organized sector as they look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Rising Preference of People: The growing demand for on-demand transportation services is driving the market growth. Increasing vehicle costs, shrinking parking lots, and high auto maintenance costs encourages people to use on-demand transportation services for trips and everyday commuting instead of having their own personal vehicle. As a result, the Car Rental Industry in Japan has grown due to consumers increased preference for on-demand transportation.

Impact of Covid-19 on Japan Car Rental Market: The nationwide growth of car rentals has been hampered by COVID-19's quick expansion. Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which impacted the car rental market. The nation-wide travel bans and quarantine regulations also had a negative impact on the Car Rental Industry in Japan. In comparison to 2019, the car rental business saw revenues drop by about ~% in 2020. The industry is, however, showing signs of a respectable recovery following the devastating COVID-19 pandemic outbreaks, as the market's revenue has increased by roughly ~% in 2022 compared to 2020.

Japan Car Rental Market

Analysts at Ken Research in their latest publication Japan Car Rental Market Outlook to 2027F - By Market Structure (Organized and Unorganized), By Type of Vehicle (Small Cars/ Hatchbacks, Sedans, SUVs and Others) and By Booking Mode (Online and Offline) observed that Japan Car Rental Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Market in Japan is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered

     Japan Car Rental Market:

  • By Market Structure
  • Organized market
  • Unorganized market
  • By Type of Vehicles
  • Small Cars/ Hatchbacks
  • Sedans
  • SUVs
  • Others

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  • By ICE/EV
  • ICE (Internal Combustion Engine)
  • Electric Vehicles
  • By Region
  • Central
  • South
  • North
  • By Mode of Booking
  • Online
  • Offline
  • By Client
  • Business
  • Leisure
  • By Pick-up
  • Off- Airport
  • On-Airport

Key Target Audience

  • Car Rental Service Providers
  • Car Rental Companies aiming to establish in the Japan
  • Japan automotive industries
  • Government Bodies & Regulating Authorities
  • Venture Capitalist targeting the car rental market
  • Automotive industry association
  • Car Manufacturers
  • Existing Car Rental Companies
  • OEM Dealerships
  • New Market Entrants
  • Investors
  • Car Rental Associations

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

Companies Covered:

  • Toyota Rent-a-Car
  • Nippon Rent-a-Car
  • Orix Rent-a-Car
  • Times Car Rental
  • Nissan Rent-a-Car
  • Smile Rental Car
  • NicoNico Rent a Car
  • JR Rent-a-Car
  • Sky Rent-a-Car

Key Topics Covered in the Report

  • Executive Summary
  • Country Overview of the Japan
  • Overview and Genesis of Car Rental Market in Japan
  • Ecosystem of Japan Car Rental Market
  • Business Cycle of Japan Car Rental Market
  • Timeline of Major Players of Japan Car Rental Market
  • Value Chain Analysis of Japan Car Rental Market
  • Market Segmentations of Car Rental Market in Japan
  • Snapshots on different Car Rental Markets in Japan
  • SWOT Analysis of Japan Car Rental Market
  • Growth Drivers of Japan Car Rental Market
  • Government regulations of Japan Car Rental Market
  • Trends and Developments of Japan Car Rental Market
  • Challenges of Japan Car Rental Market
  • End User Analysis of Car Rental Market in Japan
  • Competitive Analysis of Car Rental Market in Japan
  • Future Outlook and Projections of Car Rental Market in Japan
  • Analyst Recommendations
  • Research Methodology

For more information on the research report, refer to below link:

Japan Car Rental Market Outlook to 2027F

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