Thursday, May 25, 2017

Increasing Annual Cultural and Development of Indoor Entertainment Parks coupled with Qatar National Tourism Sector Strategy (QNTSS) to drive Qatar Theme Park Future Growth: Ken Research

The revenue generated from amusement parks will continue to drive the overall theme park market revenues with maximum participation arising from the domestic population in Qatar
Majority of theme parks in the country mainly cater to children; therefore the growing youth population in Qatar will be the primary force driving the number of theme park visitors in the future.
Qatar benefits from cultural and sports tourism. According to Qatar Tourism Authority (QTA), the estimated impact of Qatar Summer Festivals (4 festivals/tourism events) was QAR 641 million (USD 175.8 million) during 2016, aiding the increased inflow of tourists during the same year. Qatar has begun to encourage private investment and diversify into allied sectors including leisure and entertainment; due to the rising tourism in the country. QTA launched the Qatar National Tourism Sector Strategy (QNTSS) in 2014, which charts a clear path for the development of the sector through 2030 by identifying four key focus areas including Urban and Family Entertainment, Business Events, Culture and Heritage Tourism and Sports and Recreation Tourism.
Theme Park and Entertainment Centre Market.jpg
The development of indoor theme parks and family entertainment centers in Qatar is in its nascent stage. Companies are also coming out with unique offerings and new ideas being implemented within theme parks to increase annual visitors. In addition, companies have also introduced edutainment parks, which provide kids an array of educative activities and attractions coupled with fun and games. Existing theme park operators should expand and/or renovate their premises to provide innovative rides and unique attractions while potential companies looking to enter the theme park market should foray into the water parks segment in addition to collaborating with emerging resorts. Theme park operators should also look to develop culturally diverse attractions to increase international visitors which will have a positive impact on Qatar theme park market, according to Analysts at Ken Research. 
Ken Research in its latest study, Qatar Theme Park Market Outlook to 2021 suggests that Gondolania theme park will continue to dominate this market with City Center theme park and Circus Land theme park providing stiff competition in the future.
Qatar Theme Park Market is projected to register a positive CAGR of 9.1% during the period 2016-2021. The primary force that will drive the revenues of this market will be the establishment of creative and unique theme parks coupled with the growing tourism in the country during this period. In addition, annual social and cultural events in Qatar including the International Food Festival and Summer Festival will aid the increasing inflow of tourists into the country.
Key Topics Covered in the Report:
Aqua Park Revenue in Qatar
Competition in Theme Parks in Qatar
Qatar Theme Park Industry
Qatar Future Theme Park Projects
Theme Park Profit Qatar
Doha Parks and Resorts Market
Theme Park Launch in Qatar
Celebration Park in Qatar
Theme Park and Entertainment Centre Market
Entertainment Park Market Qatar
Amusement Park Rides in Doha
Best Theme Parks in Doha
Qatar's First Theme Park
Upcoming Theme Parks in Qatar
Market Size Theme Park
Market Share Theme Park Players
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at No comments:
Labels: , , , , ,

Qatar Theme Park Market Outlook to 2021: Ken Research

The report titled “Qatar Theme Park Market Outlook to 2021 - Development of Theme Park Resorts and Edutainment Centers to Foster Growth” provides a comprehensive analysis of various amusement and water parks in the Qatar. The report covers aspects such as market size on the basis of revenue and segmentation by amusement and water parks and by revenue streams. In addition to this, the report also covers customer profile, emerging trends, market share and comparative landscape of major theme parks in Qatar. This report will help industry consultants, theme park operators, leisure and entertainment companies, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Qatar Theme Park Market Overview
Qatar’s economy is primarily dependent on its natural resources of petroleum and natural gas, which accounts for approximately 60% of the country’s GDP. However, Qatar has begun to diversify into allied sectors including leisure and entertainment, due to the rising tourism in the country. The revenue generated by theme parks in Qatar was estimated to incline to USD ~ million during 2016 from USD ~ million during 2014, registering a CAGR of ~% during the same period. Highly innovative and unique theme park concepts catering to various target audiences have been one of the factors that have aided revenue growth during the review period.
Qatar Theme Park Industry
Industry insight has indicated that majority of theme parks operators have developed rides that cater to children below the age of 18 years. The youth population in the country inclined from ~ thousand individuals during 2014 to ~ thousand individuals during 2016, resulting in increased theme park visitors during the same period. The growth of this market will continue in the future with increased theme parks opening to the public in 2017. In addition, government initiatives to further augment tourism will also impact revenue generated by the theme parks.
Qatar Theme Park Market Segmentation
By Type: The revenue generated by amusement parks in the country inclined to USD ~ million during 2016, achieving single digit growth during the review period. This segment has dominated the overall theme park market revenues as companies have found amusement parks to be a more lucrative investment compared to water parks. The revenues generated by water parks in the country were estimated at USD ~ thousand during 2016, contributing ~% to overall theme park market revenue during the same year.
By Revenue Streams: The revenue generated from entry ticket sales accounted for ~% of overall theme park market revenues during 2016. Admission fee to amusement and water parks in Qatar range from as low as QAR 30 (USD 8.2) to a high of QAR 150 (USD 41.2). The revenue generated from the sale of food and beverages within theme parks accounted for ~% of overall theme park market revenues during 2016. Restaurant owners have witnessed higher revenue generation during summers due to increased theme park visitors during this period.
Market Share of Major Theme Parks
Claimed to be one of the biggest family entertainment destinations in Doha, Gondolania theme park accounted for ~% of overall theme park market revenues generated through admissions in the country during 2016.
City Center and Circus Land had accounted for ~% and ~% respectively, of overall theme park market revenues generated through admissions during 2016. Jungle Zone had recently undergone a complete renovation to bring in dedicated play areas for children of different age groups. Featuring unique rides and attractions, this popular family destination gained high demand in the market, providing park the respective share.
Future Outlook
The revenue generated by theme parks in Qatar is projected to incline to USD ~ million during 2021 from USD ~ million during 2016, registering a CAGR of ~% during the same period. The primary force that will drive the revenue of this market will be the establishment of creative and unique theme parks coupled with the growing tourism in the country during this period. Annual social and cultural events in Qatar including the International Food Festival and Summer Festival will aid the increasing inflow of tourists into the country. The total number of tourist coming into the country is estimated to incline to ~ million by 2021. Amusement parks and water Parks are projected to witness a CAGR of ~% and ~% respectively, during the period 2016-2021. However, revenue generated from amusement parks will continue to dominate the theme park market during this period. 
Key Topics Covered in the Report:
Qatar Theme Park Market Size by Revenue
Market Segmentation - By Type (Amusement and Water Park) and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
Customer Profile of Qatar Theme Park Market               
SWOT Analysis for Qatar Theme Park Market               
Trends and Developments in Qatar Theme Park Market
Market Share of Theme Parks     
Indoor Amusement Park in Qatar
Future Outlook for Qatar Theme Park Market 
Analyst Recommendation
Qatar Tourist Theme Park
Macro-Economic Factors Impacting the Qatar Theme Park Market 
Doha Water Park Market
Qatar Amusement Parks Market
Number of Visitors Theme Park
GCC Theme Park Market
Middle East Water Park Industry
Growth in Revenue Theme Park Doha
Investment in Theme Park in Qatar
Edutainment Park in Qatar
Family Entertainment Centre in Qatar
Theme Park Construction in Qatar
Key Theme Parks in Doha
Ride Attractions in Theme Parks
Top 5 Amusement Parks in Qatar
Trends Amusement Park in Qatar
Adventure Park Market in Qatar
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at No comments:
Labels: , , , , , ,

India Baby Mobility Equipments Market Size on the basis of Revenue in INR Billion- ken Research

Indian baby mobility equipment industry is currently in its growth stage with large presence of unorganized players ~ and concentrated organized segment. Market size of baby mobility equipment in India has enhanced from INR ~ billion in FY’2012 to INR ~ billion in FY’2017 posting a significant CAGR of ~% over the period. The market has been boosted by entry of several international players such as Chicco, Graco, Hauck, Jane and many others. Baby mobility equipment industry has been boosted by the entry of Firstcry and Babyoye in the online baby retail space followed the offline presence of ~ points of sales. The market is mainly import driven (especially prams/strollers and EROs) where people import the products and sell by the names of their respective brands/labels. Baby Toy Market in India, Online Baby and Kids Stores in India, MeeMee Sales Prams.



Organized players in the space tend to follow regional distributor cum direct retail distribution channel (online+ MBO/EBO) in order to maximize revenue. Delhi/NCR, Mumbai, Pune Ahmedabad, Bangalore and Hyderabad are considered as important toy manufacturing clusters in India. As of FY’2017, ~% of the total number of manufacturing units is located in Delhi/NCR. Delhi/NCR, especially Noida is the hub of manufacturing units in the country. Production facilities of several major players like Sunbaby, BSA and many others are located in Noida. Furthermore, a network of small scale units, are concentrated in Sadar, Seelampur, Laxmi Nagar and Tughlaqabad. Moreover, due to growing demand, production sites have also spread to industrial areas of Kirti Nagar, Jhandewalan, Janakpuri and Naraina.
Various Segments Of India Baby Mobility Equoment Market
Prams/strollers and walkers have been biggest contributor to the overall baby mobility equipments market over the period FY’2012-FY’2017. Strollers make it extremely easy for parents to carry their babies wherever they go. Therefore large demand coupled with high average ticket size has enhanced the share of baby strollers in the overall market from ~% in FY’2012 to ~% in FY’2017.  Baby walkers have also witnessed significant growth over the period FY’2012-FY’2017. Baby Toy Market in India, Online Baby and Kids Stores in India, MeeMee Sales Prams, In countries like Canada baby walkers have been banned, however, in India it is an opinion of large number of parents in the country that walkers help their babies learn how to walk at a younger stage.
The market for baby mobility equipments in India is largely unorganized. In FY’2017, the unorganized sector has accounted for a share of ~% of the market. However, the share of unorganized sector has been gradually declining as consumer preferences have shifted towards renowned brands in the market as they symbolize those brands with the quality. Despite being price sensitive, consumers have become conscious towards the product quality that they are purchasing for their babies.
How Have The Different Segments Under Baby Mobility Equipment Performed In Recent Years?
Canopied strollers have dominated the strollers market of India. Canopied Prams/strollers have accounted for a revenue share of ~% in the baby strollers market of India during FY’2017. Strollers are mainly designed for outdoor usage due to which availability of a canopy is considered as an essential requirement by the customers. In the prams/strollers market, the 10-20 kg weight category has accounted for the highest revenue share of ~% in FY’2017. More than ~% of the parents in India like to buy strollers that come with a canopy. Reversible handle on a stroller is given significant weightage as it allows the parents to have the choice to either watch their baby or allow them to enjoy the same view as them while strolling.
Baby Walkers Market
Walkers with availability of parents push handle has accounted for the share of ~%. Sense of direction is absent in small babies when they start walking which could be dangerous. This has been one of the major reasons behind such dominance of walkers with a parents handle attachment compared to walkers without the handle. Parents give high preference to walkers with a parent handle. Height adjustment feature is also given considerable importance by the parents in the country. From ages 6 to 12 months, a baby may grow 3 to 8 inch (about 1 centimeter) per month and gain 3 to 5 ounces (about 85 to 140 grams) per week. Baby Toy Market in India,Online Baby and Kids Stores in India,MeeMee Sales Prams, Therefore, parents in India consider a height adjustment in a walker an essential requirement.
For More Details visit :   https://www.kenresearch.com/consumer-products-and-retail/baby-care/india-baby-mobility-equipment-market/107364-95.html
Related Reports by Ken Research                                
India Online Fashion Market to 2021 - Elevating Sales in Tier II and Tier III Cities is expected to Fuel the Market in Future
Asia-Pacific Baby Hygiene Industry Outlook to 2020 - Rising Expenditure on Baby Hygiene with Better Health and Safety Standards to Drive Growth
India Maternity and Baby Care Industry Outlook to 2018 - Hybrid Expansion of Retail and Online Channels to Lead Future Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , ,
Location: Germany

Wednesday, May 24, 2017

Philippines Mattress Market Segmentation by Type of Mattress on the Basis of Revenue- Ken Research

Philippines mattress market does not manufacture a large variety of mattresses. The choice of mattresses depends on various factors such as comfort, health, affordability, climatic conditions prevailing in the country and a lot more. There are majorly two types of mattresses in the country based on the preferences of the customers. They spring and foam mattresses. Other type of mattresses such as latex, rubber, cotton, therapeutic mattresses and others also available in the country and they are categorized under others.


The market is dominated by spring mattress that account for a share of ~% in the overall market revenue. Spring mattress comes with coiled springs that facilitate comfort and support. Innerspring mattresses offer more support and firmness to the user’s body. They are largely preferred by the households and hotels. Spring mattress can be categorized as premium quality mattresses. Export demand is high for spring mattresses from Philippines due to the quality, quantity and variety of spring mattresses manufactured in the country. The revenue generated by spring mattress in 2016 was registered as USD ~ Million out of the total market revenue of USD ~ Million.
Spring mattresses are followed by foam mattresses that hold a share of ~% in the overall revenue. They are majorly available in three different forms such as memory foam, gel foam and latex or solid foam. Foam mattresses are expensive compared to spring mattresses, but they last longer depending on its maintenance. Foam mattresses are preferred by the hotels for their luxury or the premium suites. The revenue generated from the sale of foam mattresses in Philippines was reported at USD ~ million during 2016
Due to the climatic conditions prevailing in the country mattresses made of materials such as coir, latex, cotton and rubber has very low demand. The weather in urban cities of Philippines is generally hot and humid. Therapeutic beds are gradually gaining importance in the market due to the growing health concerns in the country.
Other mattresses also have a category of specialty mattresses such as airbed, waterbed, gel-filled beds and other technologically advanced mattresses. These types of mattresses have not managed to gain a significant relevance in the market. Though they are priced low, the Filipinos show reluctance towards the acceptance of technologically advanced mattresses. Mattress companies such as Uratex, Philibed, Tempur, Mandaue and others specialize either in the manufacture of spring or foam or both. In terms of revenue generation, other types of mattresses together account for a share of ~% in the overall mattress market.

Which Market Structure Contributes Most To Mattress Market Revenue In Philippines?
Earlier, mattress market in Philippines was dominated by the unorganized market structure. The local manufacturers dominated the market. Later, alongside the economic growth and development, the consumer preferences have also seen a shift. Consumers specifications attached to the mattresses began to upgrade. This has developed an opportunity for the players to set up fully equipped mattress manufacturing units. Gradually, the mattress market gained an organized structure.
It is observed that from the year 2011 to 2016, the organized market structure has contributed the major share of revenue in the mattress market. Organized market structure comprises of market players such as Uratex, Mandaue, Tempur and others and their major customer segment is represented by the non-residential customers such as hotels and hospitals. These players have different layer of intermediaries such as wholesaler, distributors and others in their distribution channel. In Philippines, they are known for manufacturing high quality mattress by using spring, foam, premium foam combinations and other quality materials. In terms of revenue generation, the organized market structure accounts for a share of ~% in the overall mattress market in 2016. In organized market structure the distribution majorly takes place through direct distribution channel.
Companies such as Uratex, Mandaue and others are known for their well structured distribution pattern such as direct distribution, retail distribution through exclusive and multi-brand retail outlets, online retailing and other forms of distribution.
In residential sales, urban population groups are the proximate end users for mattresses. People living in the urban areas generally choose to buy a high quality mattress, as they come with warranty and better after sale services. Organized market structure contributed revenue of USD ~ million to the mattress market in 2016.
In 2016, the unorganized market structure held a share of ~% in the overall mattress market. Unorganized market players comprise local mattress brands and small mattress manufacturers in the country. The price charged by them is lower relative to the organized market players. Mattresses sold by the unorganized players are priced low since the cost of manufacturing is low. In the unorganized market structure the distribution is majorly done through the directly by the local manufacturers to the end customer. They do not have any intermediaries involved in their distribution process. The local manufacturers use natural materials to manufacture mattresses such as cloth, cotton, coir and others. This reduces the cost of production. Discounts offered to the customers by the local manufacturers are negligible.
Topics covered in the Report
  • Consumer Expenditure In Philippines
  • Flow Chart for Philippines Mattress Market
  • Average Price for Mattress Philippines
  • Number of Households in Philippines
  • Consumer Expenditure in Philippines
  • Number of Hospital Beds in Philippines
  • Tourist Arrivals in Philippines
  • Philippines Mattress Market Export
  • Company Profile of Tempur Mattress
  • Company Profile of Philippine Mandaue Foam
To know more on coverage :
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/philippines-mattress-market-report/100871-95.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , , ,
Location: France

UAE Car Finance Market Outlook to 2021: Ken Research

How Car Finance Market Is Positioned In UAE?
The United Arab Emirates is the second-largest automotive market including cars, parts and accessories, trailers and semi-trailers, trucks, public transport vehicles, and tractors in the GCC after Saudi Arabia. Passenger cars account for approximately ~% of the UAE automotive market, with commercial vehicles such as trucks, vans and buses accounting for the remaining ~%. Owing to low car prices, well constructed highways, and most importantly the low fuel prices and easy availability of car finance, owning a car is relatively easier in UAE.
Used Car Sales in the UAE
UAE’s financing methods are different from the conventional methods of financing. Majority of the banks and finance companies follow the Sharia system which does not include the concept of interest. Until May 2011, the customers were eligible for 100% loan on cars; a system of down payment did not exist for car loans.
In May 2011, the government, as a reform to tighten car financing, introduced the system of down payment. From then, the customers can obtain ~% of the cost as loan and ~% of the cost is mandated to be paid as down payment by them.
During the review period, 2011-2016, the market has displayed a decent growth until 2015, but by the end of 2015 the market started declining. A fall in the credit disbursement had been observed during 2016 that was resulted out of the falling oil prices, increasing loan rejection rates, stringent lending policies adopted by the banks due to the piling up of non-performing loans and other such factors. However, upcoming trends such as increased demand of electric vehicles, growth of used car market and others are expected to enable the market recover in the coming years.
What Are The Major Trends And Issues In UAE Car Finance Market?
From the past few years, the demand for used cars is rising in the country. In 2014, the market for used cars has increased by ~% due to which it is estimated that the used car market will overtake the new car market in the next ten years. The used car market of UAE is worth nearly USD ~ billion as of 2016.
The introduction of quotas for hybrid cars in government vehicle fleets, coupled with campaigns aimed at encouraging Dubai’s motorists to switch to environment friendly cars, is expected to open up new markets for the sector. Recently, the government of Dubai has decided that, 10% of all new vehicles bought by the Dubai government will be electric cars with a motive to reduce emissions by 16%, by the end of 2020.
The rising rate of non-performing loans has induced the Central Bank of UAE to appoint an assessor of individual and corporate credit worthiness named Al Etihad Credit Bureau in 2014. The introduction of consumer credit data from the bureau has led to more cautious lending policies. This has increased the rejection rates of loans in the country thereby impacting the credit disbursed for car loans.
What Is The Future Outlook For UAE Car Finance Market?
The market is expected to recover during the forecast period from the fall that was observed towards the end of the review period. It is anticipated that the car finance market in the country will grow at a CAGR of ~% during the forecast period 2017-2021. The recovery is presumed to be at a slow pace due to various factors such as low deposit rates prevailing in the market and high rate of non-performing loans compelling the banks to consolidate their existing activities rather focusing on growth. Moreover, the impact of credit reports made available by the credit bureau is expected to raise the loan rejection rates.
However, a growth is expected to be observed in the market even in the midst of all the aforementioned factors, which will be supported by an increased number of bundled offerings, new innovative strategies adopted by the banks and dealers and other entities. In accordance with the current trend, the used car penetration is displaying a consistent lift. Hence, it is anticipated that a rise in the demand for used car serve as a driving force for the proliferation of car finance market.
Companies Cited In the Report
List of Companies                                   Companies Covered in the Report
Mashreq Bank
Dubai Islamic Bank
Emirates Islamic Bank                              Major Players in UAE Car Finance Market
Al Hilal Bank
Emirates NBD
Al Wifaq Finance
Finance House
Key Factors Considered In the Report
UAE Car Loan Industry
NBAD UAE Auto Finance
Used Car Sales in the UAE
Financing a Used car in UAE
Compare Auto Loans in the UAE
Car Financing Option in UAE
Vehicle Financing in the UAE
Used Car Financing in the UAE
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at No comments:
Labels: , , , , , ,
Subscribe to: Posts (Atom)