Friday, January 12, 2018

Increasing Prominence of Online Cab Bookings and Dominance of Foreign Players Impelling the Growth of Turkey Car Rental Market: Ken Research

The report covers various aspects such as overall market size of Turkey car rental, cab aggregator, self driven car and car sharing in terms of transaction value, segmentation on the basis of market structure (organized and unorganized sector), by mode of booking (online and offline), by clients (leisure and business), by pick-ups (airport and off-airport), by car type (hatchback, sedan and SUV) and by major regions. The report also covers trends and developments, issues and challenges, regulatory scenario and SWOT analysis of Turkey car rental market. The report covers snapshot and business models of cab aggregator market, self driven car, car sharing, car pooling/ride sharing and bike aggregator market in Turkey. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, The, D'Ieteren SA) operating in the market. The report concludes with future outlook and projections of Turkey car rental market, major macroeconomic indicators and upcoming trends affecting the market have also been highlighted in the report. The report also serves competitive scenario for each market which exists in car rental industry to get an in-depth understanding of car rental sector in Turkey.

Double digit growth of online car booking, political stability in Turkey, huge demand from domestic tourists will majorly account for the growth of Turkey car rental market in upcoming years.

Increasing consumer spendings, expansion of travel and tourism industry and increasing demand from working age population will majorly account for the growth of Turkey car rental market in upcoming years.

Turkey car rental market is expected to witness decent growth in the forecasted period 2018-2022.  An expected increase in incoming tourists, increasing number of airline passengers, and an expected increase in traveler preference for car rental will majorly drive car rental market of the country in upcoming years. The car rental market has witnessed availability of a few large scale players which is expected to change in coming future. It is expected that new players will enter the market and current players will increase investments for service improvement & diversification, fleet size extension and market penetration which will further boost the forecast period performance of car rental. Over the forecast period, the main threat to the performance of car rental is the decrease in the number of airline passengers as a result of the deteriorating security climate in the country, which will have a negative impact on air traffic.

It is expected that the car rental market in Turkey will continue to grow on the back of support from government to improve infrastructure facilities, rising middle-class population with its high level of disposable incomes and increasing volumes of tourism and business activities in the country. The market is expected to grow also on the grounds of the increased reach to the customers. The major car rental companies in Turkey are expected to

expand their operations to the major airports and other important destinations as to increase their reach across various regions. The introduction of new services such as car pooling, car sharing and other such services from the car rental companies will further aid the overall market growth of car rental industry during 2018-2022.

Internet and Smartphone users in Turkey, increasing international inbound arrivals and domestic tourists and growing working population in Turkey are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.

Ken Research in its latest study, Turkey Car Rental Market by Market Structure (Organized and Unorganized Sector), by Mode of Booking (Online and Offline), by Clients (Leisure and Business), by Pick-Ups (Airport and Off-Airport), by Car Type (Hatchback, Sedan and SUV) and by Major Regions - Outlook to 2022, suggests that demand for car rental in the country will grow at a positive growth rate owing increasing market penetration of car rental companies and huge scope in online bookings.

Key Topics Covered in the Report
Car Rental in Turkey
Value Chain Analysis Turkey Car Rental Market
Turkey Car Rental Market Size
Turkey Cab Aggregators’ Revenue
Major Players in Turkey Car Rental Market
Car Rental Companies in Turkey
Competition in Turkey Car Rental Market
Turkey Self Driving Car Market Revenue
Non Chauffer Rental Car Market Turkey
Turkey Car Rental Market Future Growth
Hertz Corp, the Car Rentals Market Share
Europcar Groupe SA Inc Fleet Size
D'Ieteren SA Revenue from Car Rental
Avis Budget Group Inc Competitors
Future of Turkey Car Rental Market
Upcoming Trends in Car Rental Market Turkey
Market Share Leading Companies Turkey Cab Aggregators
International Domestic Tourism Turkey
Growth Turkey Bike Rental Industry
Turkey Cab Sharing Market
Ride Sharing Market Turkey

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/turkey-car-rental-market/142340-100.html

Related Reports by Ken Research
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/vietnam-car-rental-market/137557-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/thailand-car-rental-market/137098-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-car-rental-market/136319-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing
sales@kenresearch.com
+91-124-4230204
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Vietnam Cold Chain Market Outlook to 2021: Ken Research

The report titled “Vietnam Cold Chain Market by Cold Storage and Cold Transport, Product Type (Bakery, Confectionary, Dairy, Meat & SeaFood, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) – Outlook to 2021” which provides a comprehensive analysis of cold chain market in Vietnam. The report covers Vietnam Cold Chain Market by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others), by Type of Cold Storage (Rented and Owned), by Demand for Cold Storage by Region (HCM, Hanoi and others), by Type of Cold Storage (Manufacturing Cold Storage, Trading Cold Storage and Bonded Warehouse Cold Storage), by Size of Cold Storage Firms (Small, Medium and Large), by Domestic and International Cold Transport. The report also covers market in different aspects such as supply chain analysis, competitive landscape and company profiles for major players including Swire Cold Storage Vietnam Limited, Lotte Logistics Vietnam Co. Ltd, Konoike Vina, CLK Cold Storage Company Limited,  Hung Vuong Corporation, Sojitz and Kokubu, Mekong Logistics Company Limited, Kuehne Nagel, Preferred Freezer Services, Panalpina, Triton Container International, DB Schenker, Agility Logistics Vietnam, APL Vietnam, Maersk Line, MP Logistics, Vinafco Vietnam.
Market Overview
Vietnam cold chain market inclined from USD ~ billion in 2011 to USD ~ billion in 2016 at a five year CAGR of ~% during this period. Cold storage dominated the cold chain market in 2016 by attributing ~% market share owing to the demand of storing seafood, meat, fruits, vegetables, bakery and pharmaceutical products. Cold transport has contributed a share of ~% in terms of revenues in cold chain industry in Vietnam in 2016. The cold transport market increased at a five year CAGR of ~% during 2011-2016 which had a positive impact on the cold chain industry of the country.
By Industries (Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others)
Seafood and meat industry have dominated the cold chain market with ~% revenue share in 2016 in Vietnam owing to domestic and international demand for these products. Pharmaceutical industry attributed revenue share of ~% in the cold chain industry owing to the rise of pharmaceutical products sales due to government initiatives to achieve universal health coverage in the country and the rising life expectancy of the population. Fruits and vegetables accounted for revenue share of ~% in cold chain market of Vietnam in 2016.
Vietnam Cold Storage Market
Vietnam cold storage market has increased at a five year CAGR ~% from USD ~ million in 2011 to USD ~ million in 2016. The processed meat and seafood industry grew from USD ~ billion in 2011 to USD ~ billion in 2013. The market grew at ~% from 2011-2012 and at ~% during 2012-2013 showcasing the rising market for cold storage in the country as the demand for frozen food had risen during the review period. The dairy industry increased at an annual growth of ~% during the period 2011-2016.
Vietnam Cold Storage Market Segmentation
By Type of Cold Storage (Manufacturing Cold Storage, Trading Cold Storage and Bonded Warehouse Cold Storage)
The number of manufacturing cold storages dominated the cold storage market in Vietnam in 2016 accounting to ~ cold storages. North and Central Coastal region in Vietnam has the highest number of manufacturing cold storages and Mekong Delta region has highest manufacturing cold storage capacity. The number of trading cold storages followed the number of manufacturing cold storages in Vietnam during 2016.
By Size of Warehouses (Large, Medium and Small)
Large warehouses (above 10,000 pallets) dominated Vietnam cold storage market in terms of revenue contributing ~% share. The large warehouses have a capacity of more than ~ pallets and hence the number of items or products stored in these warehouses is higher than that can be stored in small or medium warehouses. These include Swire Cold Storage (~ pallet capacity), Preferred Freezer Services (~ pallets), Hung Vuong Corporation (~ pallets), Mekong Logistics (~ pallets) and Sojitz and Kokubu (~ pallets). Medium firms attributed ~% revenue in the total cold storage market in Vietnam in 2016.
By HCM, Hanoi and others
HCM dominated the cold storage market with ~% revenues share in the overall cold storage market during 2016. Various cold storage capacities are present in HCM both for personal use and renting such as Konoike Vina, Swire Cold storage, CLK Cold Storage and others. Hanoi followed HCM with ~% revenue share in the overall Vietnam cold storage market in 2016.
Vietnam Cold Storage Market Future
The cold storage market in Vietnam is expected to augment at a five year CAGR of ~% from USD ~ million in 2016 to USD ~ million in 2021. The companies are planning to expand their capacity further by increasing the number of warehouses such as Konoike Vina. Swire Cold Storage also plans on expanding its functions by constructing new cold storage facilities such as completion of its Bac Ninh project took place in August 2017.
Vietnam Cold Transport Market
Vietnam cold transport market has increased at a five year CAGR of ~% from USD ~ million in 2011 to USD ~ million in 2016. owing to rise in the products which requires temperature controlled transportation from one place to other. The companies have been increasing their fleet in order to meet the demand of the customers including Konoike Vina (~ cold reefer trucks), Swire Cold Storage (~ pallet trucks ~ Forklift and ~ reach trucks) and Sojitz and Kokubu (~ trucks).
Vietnam Cold Transport Market Segmentation
By Type of Delivery (Express Delivery and Normal Delivery),
Express delivery has dominated the cold transport market in Vietnam in 2016 and has attributed revenue share of ~% in the overall cold chain market. Major items that are transported have short expiration duration. The quality of the products deteriorates if not used in the expected time. The pharmaceutical products including vaccines and injections are transported by the express delivery only as they are very critical in nature. The pharmaceutical sector is one of the major contributors to the express deliveries in the cold chain industry in the country.
By Domestic and International Transport Facilities
Domestic transportation dominated the cold transport market in Vietnam during 2016 with ~% revenue share. Major companies involved in domestic transportation include Panasato, Yamato, Konoike Vina and others. International transport facilities attributed ~% share in the revenues of Vietnam cold transport in 2016. The international transportation facilities are carried out at a lower rate than the domestic transportation as the numbers of shipments that take place internationally are fewer.
Vietnam Cold Transport Future Outlook
Cold transport market is expected to increase at a five year CAGR of ~% from USD ~ million in 2016 to USD ~ million in 2021. Various pharmaceutical products are not manufactured domestically and hence will be transported from other countries and thus will raise the requirement for cold transport facilities making a positive impact on the market. The Vietnamese market is estimated to import ~ metric tons of beef and ~ metric tons of pork from the US in 2017 which requires cold transport services. Various companies are planning to increase their fleet in order to serve the rising demand of the cold chain logistics
Competitive Landscape for Vietnam cold Chain Market
Vietnam cold chain market is fragmented with presence of major players such as Kuehne Nagel, Swire Cold Storage, Preferred Freezer Services, Schenker, Agility, APL, K-Line, Maersk Logistics, CLK Logistics, Panasato, Sojitz and Kokubu, Konoike Vina, Mekong logistics, Hung Vong and Lotte Logistics. The players compete on various parameters including total space of temperature controlled area, number of temperature maintained fleets, local coverage area, cost per pallet space, support services, number of pallets, number of offices, warehouses, production capacity, clientele and verticals served/ specialization.
Vietnam Cold Chain Market Future Outlook
Vietnam cold chain market is expected to increase at a CAGR of ~% during 2016-2021 owing to the rise in the demand for the cold transport and cold storage in the country. The enforcement of Trans-Pacific Partnership agreement in 2018 is expected to facilitate goods flow into Vietnam especially seafood and agricultural products which will enhance the demand for cold storage in the country. The cold chain market future is compelling as the companies are planning to augment the capacity by increasing the number of warehouses in the country.
Key Topics Covered in the Report:
Comparative Analysis of Vietnam Cold Chain Logistics Market with Asia Pacific Cold Chain Logistics
Supply Chain Analysis in Vietnam Cold Chain Market
Vietnam Cold Chain Market Overview and Genesis
Vietnam Cold Chain Market Size
Rail Cold Transport Vietnam
Vietnam Cold Storage Market
Cold Chain Logistics Vietnam
Pallet Size Vietnam
Vietnam Cold Chain Sector
Industry Norms Cold Transport
Number of Pallets Vietnam
Cold Chain Delivery in Vietnam
Vietnam Cold Transport Market
Vietnam Cold Chain Market
Manufacturing Warehouses in Vietnam
Frozen Food Sales in Vietnam
Large Warehouses in Vietnam
Vietnam Cold Chain Market Segmentation
Trends and Developments in Cold Chain Market
SWOT Analysis of Vietnam Cold Chain Market
Competitive Landscape of Major Players in Vietnam Cold Chain Market
Snapshot on Vietnam Third Party Logistics
Industry Norms and Regulations
Vietnam Logistics Infrastructure
Vietnam Cold Chain Market Future Outlook and Projections
Macroeconomic Factors affecting Vietnam Cold Chain Market
Analyst Recommendation for Vietnam Cold Chain Market
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Thursday, January 11, 2018

China Car Rental Market Outlook to 2022: Ken Research

The report titled “China Car Rental Market by Market Structure (Organized and Unorganized Sector), by Mode of Booking (Online and Offline), by Clients (Leisure and Business), by Pick-Ups (Airport and Off-Airport), by Car Type (Hatchback, Sedan and SUV) and by Major Regions - Outlook to 2022” provides a comprehensive analysis of the car rental market in China. The report covers various aspects such as overall market size of China car rental, cab aggregator, self driven car and car sharing in terms of transaction value, segmentation on the basis of market structure (organized and unorganized sector), by mode of booking (online and offline), by clients (leisure and business), by pick-ups (airport and off-airport), by car type (hatchback, sedan and SUV) and by major regions. The report also covers trends and developments, issues and challenges, regulatory scenario and SWOT analysis of China car rental market. The report covers snapshot and business models of cab aggregator market, self driven car, car sharing, car pooling/ride sharing and bike aggregator market in China. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (CAR Inc, EHi Car Services Ltd, Beijing Shouqi Group Corp, Avis Budget Group Inc, Shenzhen TopOne Car Rental Co Ltd, Shanghai Bashi Industrial (Group) Co Ltd, Yongda Group, Shanghai Jinjiang Holdings Co Ltd) operating in the market.
The report concludes with future outlook and projections of China car rental market, major macroeconomic indicators and upcoming trends affecting the market have also been highlighted in the report. The report also serves competitive scenario for each market which exists in car rental industry to get an in-depth understanding of car rental sector in China.
China Car Rental Market
The Chinese car rental market emerged in 1990 when the Asian Games was held in Beijing. At present, the major markets of focus include Beijing, Shanghai, Guangzhou and Shenzhen. The traditional car rental industry has involved with considerable assets and low profits as the car rental companies are focusing on enhancing their competitiveness by improving their services, expanding fleet size and operational efficiency. The emerging platform-based internet car rental models have been gaining prominence in the market, affecting the traditional business models. Short-term car rental market is still in an early stage of development as of 2017 and the category was fragmented with the presence of various players. The top 10 players within car rental accounted for a combined value share of only ~% in 2017. During the period 2012-2017, China car rental market grew at a CAGR of ~% in terms of transaction value and ~% in terms of fleet size. The major growth drivers of car rental market in China include favorable government policies, growth of domestic tourism and growing mergers and acquisitions in the industry. The car rental market augmented from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017. Car sharing has been increasingly gaining prominence in the market owing to huge demand from the millennials, driving the market growth. Additionally, China has witnessed double digit growth of online car rental market which has further aided the overall market growth during 2012-2017.
China Car Rental Market Segmentation
By Market Structure: In terms of revenues, China car rental market is dominated by organized players which accounted for a share of ~% (USD ~ million) during 2017. The organized players in the China car rental market dominated in terms of fleet size and transaction value with the presence of large players in the industry focusing on online bookings and enhancing their fleet size. Major organized players in the car rental industry in China include CAR Inc, EHi Car Services Ltd, Beijing Shouqi Group Corp, Avis Budget Group Inc, and others. The unorganized market accounted for a share of ~% (USD ~ million) during 2017. The car rental market of China is highly fragmented with availability of many small scale players in the unorganized segment facing intense competition from app-based business models.
By Trips: In terms of transaction value, business clients dominated the China car rental market during 2017 which accounted for ~% (USD ~ million) of the transaction value during 2017. The increasing number of business travelers of corporate clients and China’s huge economy has boosted the demand for car rental services from business segment during 2012-2017. Car rental companies have been tying up with companies to attract more corporate clients and earn higher revenues. Car rental for leisure purpose accounted for almost same market share as business segment, ~% (USD ~ million) during 2017. The demand of rental cars for leisure purpose is majorly driven by tourists’ arrivals from both domestic and foreign countries.
By Mode of Booking: Online as a mode of booking dominated the car rental segment in China which accounted for a share of ~% (USD ~ million) during 2017. Online as a mode of booking car has been increasingly gaining prominence in China, majorly since past two years. The organized players in the market have shifted from traditional models of business to online platforms to beat the market competition and provide better customer services. Offline segment as mode of booking accounted for a share of ~% during 2017. Offline booking includes booking through phone calls, SMS and by directly approaching a car rental company (face to face). Online car booking accounted for a share of ~% (USD ~ million) during 2017.
By Car Type: Hatchbacks have dominated the car rental market with a share of ~% (USD ~ million) in terms of transaction value during 2017 due to economic price and likability of travelers. Sedan and SUV accounted for a share of ~% (USD ~ million) and ~% (USD ~ million) respectively, during 2017. The customers for the SUV segments represent big corporate, luxury hotels and the high income tourists.
China Cab Aggregator Market
China has witnessed increasing demand from working age population which has resulted in increasing prominence of the cab aggregator or the taxi services in the country. The entry of cab aggregators in the market has augmented the competition among the taxi services especially in terms of price. China has witnessed increasing number of inbound tourists and domestic travel which has resulted in increasing prominence of the cab aggregator or the taxi services in the country. The cab aggregator market in China has augmented from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during the period. The cab aggregator market in the country has been growing on the back of growing internet & Smartphone penetration, increasing convenience by booking from app-based platforms and increasing demand from working age population. Leading players in the cab aggregator market in China include Didi Kuaidi, MyTaxiChina and others.
China Car Sharing Market
Car-sharing, one of the fastest growing urban mobility innovations worldwide, did not exist in China in 2009, but is quickly becoming more prominent in Chinese cities. China’s car-sharing network has grown to a total of ~ vehicles with five active markets including Beijing, Wuhan, Hangzhou, Changsha, and Shenzhen. The composition of cab sharing operators (CSOs) in China has evolved from domestic start-ups that operate independently from government or established rental car companies to a mix of municipal governments and foreign and domestic vehicle manufactures. Recently, China has witnessed increasing demand for peer-to-peer car sharing where companies provide a platform for members to rent vehicles owned by other members in the network. Moreover, rising demand for cost-efficient and convenient inner-city transport has driven industry revenue growth of car sharing market over the years. The car sharing market in China has augmented from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017.
Future Outlook of China Car Rental Market
Increasing demand from working age population and increasing expansion of tourism & travel industry will further account for the growth of China car rental market in upcoming years. Owing to fast development of the internet and innovations, more opportunities have appeared for new category entrants. P2P car rental, clean-tech car rental and time-sharing car rental all have made the car rental market more appealing and new small and medium scale players are seeking to enter the industry. It is expected that the increase in the travel expenditure on account of improvement in the economic conditions, increase in the frequency of air travel and rising number of foreign visitors in China will account for growth of China car rental market in forecasted period. It is anticipated that online as a mode of booking will continue to dominate the car rental market accounting for a share of ~% during 2022. The share of offline booking will decline and online bookings will capture huge chunk of the overall market. The overall car rental market will grow from USD ~ million during 2018 to USD ~ million during 2022 at a CAGR of ~% during the forecasted period. Increasing demand from corporates, increasing domestic and international tourism and growing demand for car sharing will account for the growth of China car rental market in upcoming years.
Key Topics Covered in the Report
Avis Budget Group Inc Competitors
Car rental Industry China
Car Rentals Market Share
China Bike Rental Industry Growth
Car Rental Companies in China
eHi Car Services Ltd Inc Fleet Size
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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