Australia’s Logistics Market to grow at the rate of 4.6 % in the upcoming period between 2022-2026 owing to government policies such as Heavy Vehicle National Law alongside technological innovations such as Real-Time Tracking: Ken Research

 History of steady growth alongside a positive future forecast provides Australia’s logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1. The government of Australia is aiming to establish it as a Logistics Hub by huge investments in the infrastructure and designing National Freight and Supply Chain Strategy

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The government of Australia is aiming to establish it as a Logistics Hub by huge investments in the infrastructure and designing National Freight and Supply Chain Strategy. Initiatives like National Freight Data Hub and different training packages will help Australia government to achieve the economic growth targets by 2040. Initiatives such as heavy investments in Infrastructure development, Freight Movement Code and Protocol for Domestic Border Controls, Heavy Vehicle National Law and National Freight and Supply Chain Strategy are aimed at enhancing the already improved state of country’s Logistics Market.

2.“Integrating Technology to market’s growth prospects:” With the increasing technological innovations and advancements across the world, logistics sector in Australia is also getting benefitted.

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Technology options such as Real Time Tracking, Control Tower, smarter operations & greater service quality serve as a major benefit for Australia’s Logistics Market. A major benefit of technologies such as warehouse Management System is that) it further optimizes and accelerates key warehousing tasks by directing receiving, put-away, picking, packing, shipping and space utilization along optimized routes is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. All in all, technological innovations are anticipated to be inculcated deep into the logistics systems in Australia.

Major Players Mentioned in the Report:

Australia Logistics Market

• Lindsay
• Wiseway
• K&S Corporation
• Yusen Logistics

Australia Freight Market

• Agility
• DHL Express
• Nile Logistics
• GAC
• DSV

Australia warehousing Market

• Core Realty
• Mc Geez
• Cerno
• Comercial SA
• Bayly

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2022-2026

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

Australia Logistics Market 

Related Reports By Ken Research:-

USA Logistics Industry Outlook to 2026: “Driven by Government support, E-commerce demand and infrastructure investment in the country

Australia Logistics Market Outlook to 2025- Led by Growth in Road Freight Services and Rising demand for Cold Storage Space

Germany E-Commerce Logistics Market Outlook to 2026F- Driven by Rising Online Population, Technological Advancements and Demand for Sustainable Deliveries

Netherlands EV Equipment Market generated over USD 500 Mn in 2022. Will Netherland support the EV Equipment Market growth trajectory? Ken Research

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Electric Vehicle Equipment Market in Netherlands is a moderately consolidated with highly competitive rivalry among the competitors. Netherlands EV Charging Equipment industry is catered by the domestic and international players. Allego and EV Box together contribute majority of the market share in 2022. CPO’s are battling against each other to offer multiple products, expand manufacturing units in multiple locations.

1.Tesla and Volkswagen OEM has the highest number of car registrations of 97,255 followed by Audi with 17,911 passenger cars registered in 2022.

• Netherlands has become Tesla’s biggest market in Europe as Tesla model 3 and Tesla model S are among Europe’s best-selling electric vehicle models, both in terms of vehicles in operation and new car registrations. The major reason is higher tax benefit on BEV passenger cars and wide charging network of Tesla for Electric vehicle in Netherlands.
• Volkswagen has shift its focus to electric cars only, from 2033 the company will only produce electric cars in Europe. Top sold Models for Electric cars are Volkswagen’s new ID.3 model and Volkswagen Golf in Netherlands.

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 2.EV Charging Equipment market is one of the fastest growing markets in the Netherlands with rising players owing to the government policy to make all new vehicles zero emission by 2030

• In 2010 the Netherlands was the first market in the world to launch mass-produced e-vehicles and Formula E-Team became operational.
• The Formula E-Team continues in this umbrella deal with the aim of having 15,000 to 20,000 e-cars in operation by 2015, including a properly functioning infrastructure with sufficient national coverage.
• Major challenges include high costs for installation & maintenance and less EV drivers in comparison to Electric vehicle infrastructure.

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Market Taxonomy

By Type of Electric Vehicles Vehicle

• 4W
• 2W

By Application

• Public Charging Station
• Home Chargers
• Private Charging Station
• Portable Chargers

By Types of Chargers

• AC Charger- Slow Charger
• DC Charger- Fast Charger

By Type of Charging station

• Private Charging Stations
• Public Charging stations
• Semi-Public Charging Stations
• Fast Charging station

By Application

• 4W

By Geographic Demand

• west
• South
• East
• North

By distribution channels for 4W chargers

• Tender
• Distributors
• Direct sales

Major Players Mentioned in the Report:

• Vattenfall
• Total Energies
• Alfen
• Allego
• Fastned
• New Motion
• Tritium
• EVIT

Key Target Audience

• Electricity Supplier
• EV Manufacturers
• EV Charging Equipment Manufacturers
• EV Charging System Operator
• Demand side Transport Operators
• Government Bodies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

Netherlands EV Charging Equipment Market Outlook to 2027

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India EV Charging Equipment Market Outlook to FY2026

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

UK EV Charging Equipment Market Outlook to 2027

The Middle East Catering Services Market was valued at USD 2.7 Bn in 2021. Will Middle East continue to support Catering market players domestically and internationally in future? : Ken Research

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The Middle East catering market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the Middle East. Top players such as Shaqab, Zad, Amwaj, Qatar Caterers and Contractors in Middle East Catering Market hold major market share. The market is largely driven by rising demand for healthier fresh food and international cuisine and rising culture of on-site catering.

1.Incline towards healthy food and beverages is now a major trend among the masses in Middle East.

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The Middle East catering market is a diverse and rapidly evolving industry, with several trends shaping its growth and development. One of the most significant trends in the Middle East catering market is the increasing demand for healthy and sustainable food options.

As people in the Middle East become more health-conscious, there has been a growing preference for fresh and healthy foods that are made with locally sourced, organic ingredients. Caterers are responding to this trend by incorporating more fresh fruits and vegetables, whole grains, and lean proteins into their menus.

2.Middle East Inflight Catering Market Trends

Currently, full-service carriers are dominating the inflight catering market, and though their market growth rate is lower than that of low-cost carriers, they are expected to continue dominating the market. On account of the rising competition and the lower operating costs, due to the reduction in oil prices, full-service airlines have been rapidly upgrading their inflight catering, along with aircraft interior and services. This has freed up a lot of liquidity with the carriers. There are many FSCs in the Middle East that are known for providing the best passenger amenities. They are Qatar Airways, Singapore Airlines, ANA All Nippon Airways, Cathay among others. Few airlines have started providing customized menus and onboard chefs to better serve the business and first-class passengers. The growing full-service carrier routes and new partnerships of the airlines with local restaurants in these regions are the major factors that are likely to support the growth of the segment during the forecast period.

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Market Taxonomy

By Services Type

• Contractual
• Non-Contractual

By End-Users

• Healthcare
• Corporates
• Education
• Hospitality
• Industrial
• In-flight
• Others

By Region

• Bahrain
• Kuwait
• Oman
• Qatar
• Saudi Arabia
• United Arab Emirates
• Yemen

By Basis of Applications

• Wedding Catering
• Corporate Catering
• Social Events Catering
• Others

Key Target Audience

• Airline Catering Companies
• Fine Dining Caterers
• School Caterers
• Hotels
• Industrial Caterers
• Government Bodies
• Facility Management Companies
• Industries
• Schools
• Hospitals

Time Period Captured in the Report:

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

Major Players Mentioned in the Report:

• Qatar Aircraft Catering Company (QACC)
• Integral Food Services
• Shaqab
• Qatar Star Services
• Yemek Doha
• Sodexo Teyseer
• Newrest Gulf
• Tamimi Group
• Compass Group
• PDC Tamween
• Zad Catering Services
• Amwaj
• Crompton Catering
• Food Services Company

For More Insights On Market Intelligence, Refer to the Link Below: –

Middle East Catering Market Outlook to 2027

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 Global Catering and Food Service Contractor Market 2019 by Company, Regions, Type and Application, Forecast to 2024

India Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering

Australia Catering Services Market Outlook To 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering

Remittance flows rose in the Middle East and North Africa (MENA) in 2022, growing an estimated 5% to $620 Bn. Will Remittance Market in MENA region continue to grow? Ken Research

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One of the major trends is the increasing competition in the Remittance Market, with many new players entering the market and existing players expanding their services. This is driving innovation and improving the quality of remittance services, as providers try to differentiate themselves by offering new features and competitive pricing.

1.Lebanon’s financial crisis worsens

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Lebanon currently enduring an unprecedented economic crisis, pushing large numbers of people into poverty and triggering the largest anti-government protests in over a decade. As this infographic shows, IMF estimates put the country's national debt at 162 percent of GDP in 2020 - the fourth highest in the world.

As Lebanon’s financial crisis worsens, the Lebanese became increasingly dependent on the financial support from family members abroad. In the last year, remittance inflows constituted a lifeline for many struggling families and communities. In turn, the country became the second top remittance recipient in the world in terms of percentage of GDP. According to the World Bank, in 2022, the remittance inflows in Lebanon are estimated at 38% of the country’s GDP, a significant jump from 25.6% and 14.4% respectively in the years 2020 and 2019.

 2.Foreign Remittance is helping poor economies to scale

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Some studies have found evidence favouring foreign aid’s positive impact in more significant growth in human capital, rapid accumulation of capital, and improved welfare for the recipient economies. The proponents believe in the positive effect of foreign aid as it helps the poor economies achieve higher economic growth levels by eliminating the difference between investments and saving. Foreign aid becomes vital for developing economies through better utilization of domestic resources and bridging the gap between savings and foreign exchange created due to lack of foreign currency. Usually, foreign aid is aimed to enhance economic welfare and support economic growth; however, foreign aid’s effectiveness on economic growth has been a substantial debate.

Market Taxonomy

By Mode of Transfer

• Digital
• Traditional

By Type of Remittance

• Inward Remittance
• Outward Remittance

By Type of Channel

• Banks
• Money Transfer Operators
• Online Transfers

By Type of End Use

• Migrant Labor Workforce
• Personal
• Small Business
• Others

By Region

• North Africa
• Middle East

Key Target Audience:

• Banks
• Money Transfer Operators
• Digital Payment Companies
• M-Wallet Companies
• Bills Payments Companies
• Investors & Venture Capital Firms
• Government Bodies
• Mobile Money Companies
• Al Dar for Exchange Works
• Al Fardan Exchange
• Al Jazeera Exchange
• Unimoni Exchange
• Gulf Exchange
• Doha Exchange
• Al Mana Exchange
• Habib Qatar International Exchange
• Travelex

Time Period Captured in the Report:

• Historical Period:2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

Key Players Covered:

• Al Dar for Exchange Works
• Al Fardan Exchange
• Al Jazeera Exchange
• Unimoni Exchange
• Gulf Exchange
• Doha Exchange
• Al Mana Exchange
• Habib Qatar International Exchange
• Travelex
• Citi Group
• Bank of America
• OFX
• JP Morgan Chase

For More Insights On Market Intelligence, Refer to the Link Below: –

MENA Remittance Market Outlook to 2027

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Global Remittance Market Outlook to 2027

Germany Remittance Market Outlook to 2027F

Warehousing space in Riyadh has grown into 16 Mn sqm in 2022. Registering a growth rate of 6%. Will KSA continue to support the warehousing market in future? : Ken Research

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Saudi Arabia warehousing market is highly fragmented with many organized and unorganized small players concentrated in major cities like Riyadh, Jeddah and Dammam. Some of the top players are LSC Logistics, Agility Logistics, Almajdouie Logistics.

 1.Increasing Cold Chain Capacity in KSA

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Other important elements that have fueled the expansion of cold storage facilities and cold storage logistics in Saudi Arabia include the adoption of advanced technologies like automation and WMS (warehouse management systems) to improve functionality and efficiency

Latest acquisitions and partnerships in Cold chain sector

Saudia Cargo has added Tower Cold Chain to its approved roster of temperature-controlled containers for shipping pharmaceutical, biotech and life science products, in a new global rental agreement. The deal reinforces Saudia Cargo's commitment to having the broadest possible selection of cold chain products (both in terms of cargo size and temperature requirements) to serve the growing requirements of pharmaceutical customers from around the world. A key benefit of Tower Cold Chain's technology is its reliability in maintaining product integrity without the need of electricity even in extreme heat, meaning that a robust solution is required to prevent temperature excursions.

2.Saudi Arabia warehousing market is moving towards real estate Investments with logistic companies promoting partnerships

Organized Warehousing Supply

Saudi Arabia has large no. of organized warehouses with 15.4 Mn sqm warehousing space in Riyadh and 12.3 Mn sqm in Jeddah.

Space Moving Towards Consolidation

Unorganized sector cannot compete with the huge investments and tech advancements and is losing business.

MNCs Driving Competition in the Sector

MNCs adhere to strict global standards of quality in providing warehousing services, which is driving Saudi Arabia companies to follow the same.

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KSA Warehousing Market Segmentation

By Ownership

• Owned
• 3PL

By City

• Riyadh
• Jeddah
• Others including Damam and more

By End-Users

• Consumer Retail
• Food and Beverages
• Healthcare
• Automotive
• Others

By Business Model         

• Industrial/Retail Warehouses
• CFS/ICD Warehouses
• Cold Storage
• Agriculture and Other Warehouses

Major Players Mentioned in the Report:

• LSC Logistics
• Agility Logistics+DSV
• Almajdouie Logistics
• Mosanada Logistics
• Tamer Logistics
• BAFCO International Logistics and Shipping Co.
• Hala Supply Chain
• United Warehousing Co.
• Wared Logistics
• Kanoo Terminal
• Logipoint
• DHL Global Forwarding
• GAC

Key Target Audience

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

Saudi Arabia Warehousing Market Outlook to 2027

Related Reports by Ken Research: –
Kuwait Warehousing Market Outlook to 2026F

UAE Warehousing Automation Market Outlook to 2026F

Shell vs. Kroon Oil - Who Reigns Supreme in the Dutch Lubricants Market? : Ken Research

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Storyline

• Shell, a globally recognized brand with a century-long presence in the Netherlands, offers premium lubricants for diverse applications worldwide. Their extensive product range serves various industries, showcasing their commitment to excellence.
• Kroon Oil, with a regional focus primarily in Europe, excels in specific markets, providing specialized lubricant solutions.
• The choice between Shell and Kroon Oil depends on industry requirements, geographical preferences, and the need for a global brand or regional expertise in lubricant offerings.

Introduction

In the competitive landscape of the lubricant industry, Shell and Kroon Oil stand out as prominent players. Their differences in brand recognition, market presence, product range, research and development, global reach, and sustainability initiatives create an intriguing comparison. Let's delve into their unique qualities and discover which company shines brighter in the Netherlands' lubricant space.

Shell and Kroon Oil are both prominent players in the lubricant industry, but they differ in several aspects:

1.Brand Recognition

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Shell founded its first laboratory in Amsterdam, the Netherlands, in 1914. In 2022, over a century later, we opened our Energy Transition Campus Amsterdam, formerly the Shell Technology Centre Amsterdam.

For over 100 years, we have been focusing exclusively on the development and manufacture of premium lubricants. Whatever the application for which you require a product, we will have it. Apart from products for road traffic, agriculture, industry, bicycles and shipping, we offer various specialties.

Shell is a globally renowned and highly recognized brand, while Kroon Oil has a more regional presence primarily focused in Europe. Shell's brand awareness and reputation give it a wider reach and customer base compared to Kroon Oil.

2.Market Presence

Shell operates in numerous countries worldwide, serving a broad range of industries, including automotive, aviation, and industrial sectors. Kroon Oil, on the other hand, primarily focuses on the European market, catering to sectors such as automotive, agriculture, and marine industries.

3.Product Range

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Shell offers an extensive portfolio of lubricants, including synthetic, semi-synthetic, and conventional lubricants for various applications. They provide specialized lubricants for high-performance engines and advanced machinery. Kroon Oil also offers a diverse range of lubricants, including engine oils, transmission fluids, and hydraulic oils, but their product line might be comparatively smaller than Shell's.

4.Research and Development

Shell invests significantly in research and development, constantly innovating and improving their lubricant formulations to meet the evolving needs of their customers. They have dedicated laboratories and partnerships with leading research institutions. While Kroon Oil also focuses on product development, their research and development efforts might be relatively smaller in scale.

5.Sustainability and Environmental Initiatives

Shell has made notable commitments towards sustainability, including reducing carbon emissions and developing more environmentally friendly lubricants. They actively engage in eco-friendly practices and initiatives. Kroon Oil also emphasizes sustainability and has initiatives to produce environmentally conscious lubricants, but their global impact might be comparatively smaller.

Conclusion

Ultimately, while Shell is a well-established global player with a wide range of lubricants and a strong presence across industries, Kroon Oil has a more regional focus and may excel in catering to specific European markets. The choice between the two would depend on specific industry requirements, geographical location, and customer preferences.

Australia Freight Forwarding Market to grow at the rate of 9.8% in the upcoming period between 2022-2026 owing to government policies such as the Multimodal Freight Logistics Hub alongside technological innovations such as efficient freight matching: Ken Research

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History of steady growth alongside a positive future forecast provides Australia logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1.Government policies to be the backbone of Market development in Australia’s Freight Forwarding Market

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The government of Australia has planned to Enhance productivity by investing in freight infrastructure, and delivering and improving key freight programs and projects, including the Restart NSW funding which has been made available for Fixing Country Roads (USD 543 Mn) and Fixing Country Rail (USD 400 Mn). Moreover, government policies are supporting the development of infrastructure. For instance, freight line from Melbourne to Brisbane will allow freight and container trucks to move across the state borders more efficiently. Freight line from Melbourne to Brisbane will allow freight and container trucks to move across the state borders more efficiently

2.Digital Truck aggregator platforms are reshaping the trucking industry in Australia by increasing operational efficiency, reducing costs & increasing profitability.

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Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for Australia’s Logistics Market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Australia by increasing operational efficiency, reducing costs & increasing profitability.

Major Players Mentioned in the Report:

Australia Logistics Market

• Lindsay
• Wiseway
• K&S Corporation
• Yusen Logistics

Australia Freight Market

• Agility
• DHL Express
• Nile Logistics
• GAC
• DSV

Australia warehousing Market

• Core Realty
• Mc Geez
• Cerno
• Comercial SA
• Bayly

Key Target Audience

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2022-2026

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

Australia Logistics Market  to Outlook 2026

Related Reports by Ken Research:

USA Logistics Industry Outlook to 2026: “Driven by Government support, E-commerce demand and infrastructure investment in the country

Australia Logistics Market Outlook to 2025- Led by Growth in Road Freight Services and Rising demand for Cold Storage Space

Germany E-Commerce Logistics Market Outlook to 2026F- Driven by Rising Online Population, Technological Advancements and Demand for Sustainable Deliveries

Total Warehousing Space in 2027 is expected to be 60 Mn sqm (including Captives) in KSA. Will KSA Warehousing market stand on this projected figure? : Ken Research

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1.High demand of Technology warehouses with Automation especially by E-commerce companies

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Investment in technology: Adopting new technologies, such as IoT sensors and real-time monitoring systems, can help improve the efficiency and accuracy of the warehouse operations.

Collaboration with suppliers: Collaborating with suppliers to establish a well-coordinated warehousing ecosystem can help ensure the quality of temperature-sensitive products.

 2.Saudi Vision 2030

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The expansion of the logistics industry has been emphasized in Saudi Arabia's Vision 2030, a comprehensive strategy for economic diversification. The government wants to make the nation a hub for global logistics by luring foreign capital and creating a welcoming environment for storage and logistics businesses.

50% non-oil exports as percentage of GDP by 2030, up from 16% in 2016 has boosted need for warehouses in KSA.

3.Favorable Location

Major cities such as Riyadh, Jeddah, Dammam and Mecca are the most populous cities in the country and are emerging as a hot bed for warehousing since most of the industrial regions are also located nearby.

• Fastest Growing Port: King Abdullah Port (KAEC) with 4 Mn TEU Annual Capacity
• Annual Port Capacity: Saudi Arabia handles more than 8 Mn TEU Annual Capacity
• Red Sea Trade: Saudi Arabia’s ports handle more than 90% of Red Sea Trade transits and ~ 30% of the East African Trade Transits

KSA's strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.

Growing Landscape Of The Duty Free Retailing In Europe Market Outlook: Ken Research

According to the report analysis, ‘Duty Free Retailing In Europe, 2017-2022: Market & Category Expenditure And Forecasts, Trends, And Competive Landscape’ suggests that Europe is the second largest duty free market, supported by its rich heritage and its position as a large tourist region. Moreover, its emergence as the most preferred tourist region for Chinese travelers and UK’s exit from the EU drives the duty free sales further in the region. The decline in duty free sales in Europe during 2012-2017 is largely due to the terrorist attacks in the region, which deterred tourists from visiting the region. The higher growth rate in the European duty free market during 2017-2022 will attributed to the reviving of tourists visit, growing Chinese spending in the region, growing UK duty free sales on the back of rising traffic post Brexit, and opening of new duty free space in the region.

Duty free retail is a unique selling channel in which exemption is allowed on the national taxes and duties on the products which are sold to travelers. Most importantly the duty free retail shops are opened to cater more and more international tourists and travelers and it is provide an alternative solution to meet passenger’s demand. Whereas, the duty free retail outlets are most found on the sea ports, in the international zone of international airports and train stations therefore, duty free retail outlets are not opened or available on the roads. The goods which are to be sold on the duty free retail outlets vary by jurisdiction, the process of calculating the duty or refunding the duty component and how they can be sold or which are to be sold. In addition, as the demand for tourism is increasing significantly it will drive landscape of the duty free retail even more.

The products which are available on the duty free retail outlets are the clothing, footwear, jewelry, watches and accessories, luggage and leather goods and others. However, the personal care is the largest and fastest-growing market in the duty free sales in Europe. Moreover, some EU territories charge tax on tobaccos and liquors is lower than in other EU countries due to which the prices still seem competitive and look like duty-free prices. Moreover, the duty-free retail market is segmented on the basis of product, location and geography. With the establishment of new airport terminals and vibrant retail spaces as retail contributes substantial share in the non-aeronautical income, thus duty free retail shops play vital role in modern airport terminals. But there is one barrier in the growth of this market that is a communication gap between the seller and buyer. Additionally, the travelers who are wealthier in nature and having a little knowledge about the language of the host country will always drive the growth of this market. Not only has this, smart airport initiatives across the globe are also expected to aid the growth of duty-free retailing in the coming years over the next decades with the significant increase in the tourism and development in the economic conditions.

To know more, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-europe/150620-95.html

Related Reports:-

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-asia-pacific/40176-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-middle-east-africa/40177-95.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com

+91-9015378249

What Customers In Taiwanese Market Want From Payment Market : Ken Research

Ken Research’s Payments in Taiwan 2018: What consumers want gives a detailed insight about the consumers preferences and the major card payment option and the usage. The report identifies the competitors over the past five years and studies the strategies and market trends. The report also gives customer’s attitudes towards payment options and the change of trends over the past five years. The top market players in the payment industry of Taiwan are Chunghwa Post, Hua Nan Commercial Bank, Taiwan Cooperative Bank, First Commercial Bank, Cathay United Bank, Chinatrust Commercial Bank, E.SUN Bank, Taishin International Bank, Citibank, Visa, Mastercard, Smartpay, JCB, American Express.

Taiwan is a South East Asian state in Republic of China. In the 1960s, Taiwan faced rapid economic growth and industrial development creating a very stable economy. Between 1980s and 1990s, the country changed from a single-party dictatorship to a multi-party democracy. One of the Taiwan’s traditional habits of the locals is the culture of saving and can be seen even today. Studies show almost one-fourth of every money earned being saved in Taiwan. The country’s smartphone penetration is one of the highest in the whole world.  Global payments revenue has been increasing in multi-fold despite many disruptions in the market. As customers have become more and more comfortable with swiping cards and paying through mobile phones, the digitalisation of transaction industry is also expected to give way to its infrastructural development. In Taiwan, various digital players have entered into the market and increased customer awareness has driven the market for the payment industry.

While the whole world moved towards making payments online, Taiwan market still continues to prefer using cash. The reasons include sceptic business owners and other existing payment options satisfying the consumers there. However, the shift happened in 2015, where the government liberalised the electronic payments platform. As a result of this, various players like Apple Pay, Google Pay, WeChat Pay, Samsung Pay and Line Pay launched their services in the market. After the government passed the Act Governing Electronic Payment, the consumers making electronic payments almost doubled in two years of time. However, the lack of any unified standard in the mobile-payment sector, with credit cards, NFC contactless payments and QR code scanning all in use by various operators, there is uncertainty among consumers. The e-commerce market of Taiwan is one of the fastest growing in South-east Asia and will help grow the payments market.

To know more, click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-taiwan-consumers/152762-93.html

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https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-in-norway/142521-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-in-ireland-2017-what-consumers-want/142699-93.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com

+91-9015378249