Technological Advances, Decreasing Cost of Manufacturing, Higher Levels of Health Awareness and Entry of Large Companies will drive the Growth of Indian Wearable Industry: Ken Research

Key Findings

·   According to several industry reports, there are ~6.0 Million active users in India who are spending on an average USD 300 to USD 400 annually towards fitness services, amounting to USD 2.6 billion market size.

·    With the current standoff between India and China, the threat of supplies being disrupted is looming over the wearable industry. As a result, certain companies are shifting their manufacturing from China to other markets. For instance, the Korean tech giant Samsung announced that all its Galaxy Smart watches will now be made in India.

·       The adoption of online channels for purchasing wearables is rapidly increasing as a spill-over of the Covid-19 pandemic. In 2020, Xiaomi expanded its online presence by launching an e-commerce service to enable customers stuck at home to purchase its product online.

 

Rising Adoption of Higher Quality Wearables: The usage of higher quality wearables such as smart watches and fitness bands is expected to rise in the country in future with rising awareness and increasing disposable income. The demand of smart-watches is particularly expected to rise due to improving product technical features and changing consumer preferences.

Fitness Bands to Continue Dominance: The growing e-commerce sector as well as the rising smart phone ownership in the country is anticipated to ensure higher demand for wearables in the future. The rising penetration of e-commerce giants such as Amazon and Flipkart in the Tier-2 and Tier3 cities will increase demand for basic wearables.

Increasing Acquisitions: The wearables industry is projected to witness further consolidation with major players or new entrants acquiring smaller players to increase their market share. For instance, smart devices manufacturer Hug Innovations Corp was acquired by Titan as part of its strategy to focus on the fast-growing wearable market.

Increasing Demand of Wearables to Combat Covid-19: As current viral tests and vaccines are slow to emerge, there has been a need for more robust disease detection and monitoring of individual and population health, as a result companies are launching COVID specific features such as temperature measurement, contact tracking, ECG and other in order to assist COVID detection. For instance, GOQii’s new wrist-worn fitness band Vital 3.0 can measure heart rate, blood pressure and more importantly body temperature— a key symptom of COVID-19.

Analysts at Ken Research in their latest publication “India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000, ₹1000 - ₹ 10,000, ₹10,000 - ₹ 20,000 and Above ₹ 20,000) and By Sales Region (North, South East and West)” observed that the wearables market in India is witnessing a double-digit growth and this trend is expected to continue in the coming years as well. Increasing focus on research & development and marketing activities, new product launches, partnerships & collaborations are expected to drive further the industry towards growth in the future. The India Wearable Industry is expected to grow at a CAGR of 21.8% on the basis of sales revenue over the forecast period 2020-2025.

Key Segments Covered:-

India Consumer Wearables Market

By Type

Fitness Trackers

Smartwatch

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

India Smartwatch Market

By Type

General Purpose Smartwatch

Sports Smartwatch

Hybrid Smartwatch

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

India Fitness Trackers Market:-

By Type of Wearables

Wrist Worn

Others

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

Companies Covered:-

Xiaomi Technologies India Inc.

Goqii Technologies India Inc.

Samsung India Electronics Ltd.

Fitbit India

Apple India

Titan Company India Ltd. (Fastrack)

Fossil India Inc

Key Target Audience:-

Wearables Manufacturing Companies

Wearables Importing Companies

Semiconductor Manufacturing Companies

E-Commerce Companies

Healthcare Associations

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period:  2020-2025

Key Topics Covered in the Report:-

Overview and Genesis of India Consumer Wearable Industry

Target Addressable Market for End Users

Trends and Growth Drivers in the Industry and Challenges Faced

India Consumer Wearables Market Size and Segmentations, 2014 - 2019

Ecosystem and Value Chain of India Consumer Wearables Industry

Customer Decision Making Parameters

Cross Comparison between Major Players and Detailed Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

For More Information on the research report, refer to below link:-

India Consumer Wearables Market

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Road Freight Market India, Road Freight Industry India, Market Sales, Major Players: Ken Research

 Competitive Scenario in India Road Freight Market

The road transport market is extremely fragmented with more than 70% of India’s overall fleet being held by Small Fleet Operators (SFOs), accounting for a majority of volume of goods transported. Companies are focusing on providing value added services along with trucking. The companies are even shifting towards Asset light Model by not investing in trucks but by subcontracting with small vendors according to client requirements.

The parameters at which the companies are competing are Pricing, Location, fleet size, and Additional services such as kitting, assembling, labeling etc and technological advancements. Many Online demand digital platforms such as Rivigo, TruckOla, Truck suvidha and others are being very Popular and  extensively being used by transporters to resolve the problem of empty returns. Major Companies are All cargo, Mahindra logistics, Vtrans, Varuna Logistics and many more.

India Road Freight Future Outlook and Projections

India Road Freight Market is expected to rise at a CAGR of ~% during FY19- FY24F and is expected to rise from ~ INR Billion in FY19 to ~ INR Billion in FY24. The Road freight market is expected to increase due to Extensive infrastructural budget in improving Road Network, Popular e commerce platforms, Revision in Government Axle Norms, Scrappage Policy, Cold Chain Subsidies and others. But the Road freight market will be badly affected by COVID 19 due to majority of truckers being Small Fleet operators who are not able to bear Fixed Expenses such as EMI, Insurance, State tax and Permits in spite of no or very less loads on the road during lockdown. Even 20 Lakh Crore package to help MSME’s will not help Trucker as majority are a part of unorganized market by their own will The economy is expected but will revive by FY22.

India Logistics and Warehousing Future Outlook and Projections

India Logistics and Warehousing Market is expected to rise at a CAGR of ~% during FY19-FY24 F. The logistics and warehousing is expected to rise from ~ INR Billion in FY19 to ~ INR Billion in FY24. The Logistics is expected to increase in future with rising e commerce market due to online payment options such as GPay, Paytm, amazon Pay and more.. Dwell times have reduced in JNPT, the largest container port in the country, as well as all the major ports from 82 hours in 2016-17 to 59 hours in 2018-19 and are expected to reduce further. The warehousing Industry will see more consolidations into Big warehouses due to GST regulation and entry of Real estate developers forming JV with Logistics companies. COVID-19 will have a significant impact on logistics sector but is expected to revive back by 2021. Trucking & warehousing aggregators will soon revolutionize the logistics space in India as well with more players using tech platforms.

Key Segments Covered:-

Freight Forwarding Market

By Mode of Transportation

Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)

Sea Freight (Volume, Price/ton/km, Revenue and Inland Coastal Shipping Price/ton/km)

Air Freight (Volume, Price/ton/km and Revenue)

By Road transportation

Less than Truck load (Revenue)

Full truck load (Revenue)

By Type of Fleets (Number of Fleets)

Less Goods Carrier Vehicles

High Goods Carrier Vehicles

Companies Covered:-

GATI-KWE

VRL Logistics

TCI

OM Logistics

DGFC

Varuna

Express Logistics

Aggarwal Packers and Movers

NTC Logistics

FSC

Associated Road Carriers

KerryIndev Logistics

Coastal Roadways

Stellar Value Chain

Sical Logistics

VTrans

CEVA

Anand Roadlines

Southern Cargo

Andhra Bangalore Roadways

DHL

CTC Freight Carriers

Mahindra Logistics

ALL Cargo

TVS

Key Target Audience:-

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Logistics/Warehousing Companies

Time Period Captured in the Report:-

Historical Period – FY14-FY19

Forecast Period – FY20-FY24

For More Information on the research report, refer to below link:-

India Road Freight Market

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Global Fluorescent Microsphere Market Is Predicted To Propel Owing To Effective Growth In Awareness: Ken Research

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According to the report analysis, ‘Global Fluorescent Microsphere Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that 3M, Potters Industries LLC, Chase Corporation, Akzonobel, Momentive Performance Materials, Trelleborg AB, Matsumoto Yushi-Seiyaku, Sigmund Lindner GmbH, Mo SCI Corporation, Luminex Corporation and many more are the foremost entities which presently functioning more actively for obtaining the competitive edge, ruling around the globe, keep maintaining the governing position, registering the great value of market share, leading the highest market growth and generating the great percentage of revenue by improving the qualitative and quantitative measures of such, establishing the countless research and development programs, spreading the awareness connected to the benefits and features of fluorescent microsphere, implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, employing the young personnel, analysing the strategies and policies of government as well as similar players, and increasing the benefits and features of fluorescent microsphere.

On the basis of types, the global fluorescent microsphere market is classified into hollow microsphere and solid microsphere. On the basis of applications, the global fluorescent microsphere market is categorised into composites, medical technology, paint and coatings and cosmetics and personal.

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The Global Fluorescent microsphere market report covers the company profile of the above cited players on the more than a few factors for instance overview of the company, business strategy, Key product offerings, financial performance, key performance indicators, risk scrutiny, recent developments, regional presence, SWOT analysis and countless more. On the contrary, it has been pragmatic that the report also embraces a comprehensive analysis and information about the market having a prevalent coverage on the covid-19 impact on the Global fluorescent microsphere Market along with the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.

Into the bargain, the global fluorescent microsphere market research report is a communal mixture of understanding about the market and the client pattern for the product. In addition to this, the report also conveys various other sectors such as Top Trends in the market, Current Market Drivers, Current Market Challenges, Porter’s Five Forces Analysis, Market Growth Strategy, coupled with intensive information on Global fluorescent microsphere market Marketing Channel, Distributors, Customers and Supply Chain. In addition, the market research report also provides an understanding and cessation of the market and has comprehensive understanding of the global market and its vendible background. It also gages the manufacture processes, foremost issues, and solutions to alleviate the development risk. Furthermore, market research report also provides the market approaches that are being espoused by leading players which are at present operating in the market.

During the coming future, it is awaited that the Global fluorescent microsphere market will rise and reach to considerable value on the basis of revenue to some USD million by the end of the year 2027, also it is prophesied that the market will attain this worth at a single digit CAGR growth throughout the review period of 2021 – 2027.

For More Information, refer to below link:-

Global Fluorescent Microsphere Market Research Report

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Global Professional Knee Pads Market Is Predicted To Drive Owing To Better Acceptability Of Innovative Knee Pad Products: Ken Research

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According to the report analysis, ‘Global Professional Knee Pads Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that QEP, Kuny'S, KP, Alta Industries, Wilson, Mcdavid, Bauerfeind, Mueller, Mizuno, Bodyprox, Bestray, Futuro, Zamst, Phiten, Mikasa, Kindmax, Asics, Under Armour, Tachikara, Tandem and many more are the foremost entities which presently operating in the global professional knee pads market more proficiently for ruling around the globe, registering the great value of market share, keep maintaining the governing position, generating the highest percentage of revenue, leading the highest market growth and obtaining the competitive edge by employing the young and active personnel, spreading the awareness connected to the applications and advantages of professional knee pads, delivering the better customer satisfaction, analysing the strategies and policies of government as well as similar entities, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, increasing the features and benefits of professional knee pads, and decreasing the associated prices of such.

On the basis of types, the global professional knee pad market is classified into nylon, rubber, gel and several others. On the basis of applications, the global professional knee pad market is categorized into home household, sports and military.

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In addition, the effective growth in consciousness among individuals regarding their safety is one of the prominent causes toward growth of the professional knee pads market. There is an increment in demand as they are being worn by individuals in countless recreational and sports based activities such as roller-skating, volleyball, skateboarding, handball, football, basketball, American football, and dancing.

Knee pads are designed in dissimilar ways for the different determination. They are used in countless trades as well, such as for the police SWAT teams, incorporated within the military uniforms. These pads are dissimilar from the general all round high impression ones which are designed for sports activities.

However, price wars between the vendors owing to extensive competition, negative health effects linked with knee pads, and governmental stringent standards and regulations limit the growth of the industry throughout the forecast period. 

The significant growth in number of automobiles and poor infrastructure has been the prime causes for augment in the motorcycle accidents across the world. Nearly half of such accidents cause injuries to the ankles, feet and knees of the riders, in order to circumvent the same, motorcyclists are implementing accessories such as knee pads for the determination of protection.

Moreover, the North America market for professional knee pads is primarily propelled due to better appropriateness of innovative professional knee pad products. Additionally, augmented industrial end users of knee pads are underwriting to the growth of the market in this region. Apart from this, tactical and military personnel wear pads to deliver protection against hits, abrasions, and ballistic attacks, which will also drive the sales of professional knee pads in the region. The professional knee pad market in Europe, and Middle East and Africa (MEA) is propelled due to the growing consumption amongst industrial end users. The global professional knee pads market is propelled by the increasing awareness among industrial workers and players concerning the benefits of knee pads and the augmenting the participation of athletes in international sports events. 

For More Information, refer to below link:-

Global Professional Knee Pads Market Research Report

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Small Retail Pharmacies likely targets of Larger Chains in Malaysia Retail Pharmacy Market: Ken Research

Malaysia News

Key Findings

MCO movement in Malaysia amidst COVID-19 reduced number of operating hours of Pharmacies but resulted in an increase of ~15% in online delivery for product categories majorly Personal Care, Sanitizers and Nutrition & Health Supplements.

The Malaysian Cabinet with aim of reducing costs to customers introduced External Reference Pricing policy in May ‘19 to benchmark drug prices at wholesale and retail levels. However, the policy reduced trade margins for drugs in the country and led to a cascading effect to all the pharmacy players in the country.

Healthcare spending in 2019 accounted for 10% of total budget of Malaysia wherein government’s goal is to achieve the long term growth to be aligned with the WHO recommended healthcare spending of 7% of GDP.

Growing Number of Licences issued: Cumulative number of License A/B/E and NaOH issued under the Poison Act 1952 by the Pharmacy Enforcement is persistently increasing from approximately 9,000 in 2017 to more than 10,000 in 2019 wherein more than 50% of the total license issued in 2019 was accounted by License A, which is issued to a pharmacist to import, store and deal generally by wholesale and retail or by wholesale only or by retail only.

Consolidation of Pharmacies: Larger and mid-sized pharmacy retail chains in the industry are expanding organically by acquiring or merging with smaller chains and independent stores either to enhance their geographical presence or to increase their product & service portfolio. Some recent mergers include Health Lane Family Pharmacy Sdn Bhd buying over Kumpulan Farmasi Vitacare Sdn Bhd and acquisition of Caring Pharmacy by 7 Eleven group in Malaysia.

Collaborations & Partnerships: Partnerships of pharmacies with online consultation & e-prescription companies are growing in Malaysia as Telemedicine Blueprint envisioned that by 2020, the healthcare system of the country would be transformed with developments of advanced health systems by harnessing the power of information & multimedia technologies. Amidst the COVID pandemic, health care providers observed a shift in consumer behaviour, where people are now accepting more digital services such as tele consultation, medication delivery & Covid-19 screening services.

Analysts at Ken Research in their latest publication “Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street),  By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type  (Patented & Generics) and By Therapeutic Areas”,  the Malaysia Retail Pharmacy Market has been increasing due to increasing geographical presence of pharmacy outlets, rising number of pharmacists along with expansion in value added services offered by major players to sustain and increase their user base in the country. The market is expected to register a positive CAGR of 9.3% in terms of revenue during the forecast period 2020-2025.

Key Segments Covered:-

By Market Structure (Number of Pharmacy Outlets & Revenue in USD Mn)

Organized

Organized Mall Based

Organized High Street Stores

Unorganized

Unorganized Mall Based

Unorganized High Street

By Location (Number of Pharmacy Outlets & Revenue in USD Mn

Mall Based

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

High Street

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Product Sales

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Sales

Patented Drugs

Generics

By Region

Selangor

Johor

Kuala Lumpur

Sarawak

Others

By Therapeutic Areas

Anti-Infective

Cardiovascular

Pain/Analgesics

Vitamins/Minerals/Nutrients

Antibiotic

Respiratory

Gastro Intestinal

Gynaecology

Neuro

Others

Companies Covered:-

Watsons Malaysia

Guardian Pharmacy

Caring Pharmacy

Alpro Pharmacy

Healthlane Pharmacy

Multicare Pharmacy

AM PM Pharmacy

Cosway Farmasi

Aeon Wellness

AA Pharmacy

Key Target Audience:-

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2013-2019

Forecast Period – 2020-2025

For More Information on the research report, refer to below link:-

Malaysia Pharmacy Retail Market

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