Bahrain Plastic Pipes and Fittings Market Outlook to 2022: Ken Research

The report titled “Bahrain Plastic Pipes and Fittings Market Outlook to 2022 - By UPVC, CPVC, PE and Other Plastic Pipe; By End User (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)” provides a comprehensive analysis on the Plastic Pipes and Fittings industry of Bahrain. The report covers various aspects including introduction on Bahrain Plastic Pipes and Fittings market, value chain, manufacturing process, stakeholders in the market, market size by revenue (2012-2017), market segmentation on the basis of types of pipes, type of market structure, type of end user application, factors determining prices of the product, competitive landscape in the industry, shares and company profiles of major players in the market, common manufacturing standards used, growth drivers, issues and challenges and porter five forces analysis for the industry. The report also includes future outlook for the market (2017-2022) along with a snapshot on Middle East Plastic Pipes and Fittings market.

The report is useful for manufacturers of plastic pipes and fittings and manufacturers of plastic resins to align their market centric strategies according to ongoing and expected trends in the future.

Bahrain Plastic Pipes and Fittings Market and Overview

Market Size: The plastic pipes and fittings market in Bahrain has grown over the years from 2012 to 2017. The organized sector dominated the market due to its superior product quality and low cost. Government schemes such as Government Action Plan (GAP) of 2015- 2018 to construct more housing units, allowing 100% foreign ownership in additional sectors to support FDI growth and schemes to promote tourism in the country have contributed majorly to the market as these schemes have quadrupled the demand for plastic pipes and fittings in the country. There has also been a shift in consumer preference from steel pipes to UPVC and HPDE pipes in water supply systems as they can withstand the pressure along with being significantly lower priced.

Market Segmentation:

In2017, uPVC pipes and fittings continued to be the most prevalent product followed by CPVC pipes, PE pipes and others in terms of revenue in the Plastic Pipes and Fittings market in Bahrain. The demand for PVC pipes and fittings has been reducing continuously because of the increase in application areas of PE products and changes in consumer preferences. In 2017, Water supply and Sewage contributed the highest share to the Plastic Pipes and Fittings market of Bahrain. This was followed by the plumbing sector, other applications such as oil and gas transmission, cable protection, healthcare and automotive industries, chemical and oil industries and Irrigation in terms of revenue. The organized players which consist of those companies which have their own production capacity in the country and can produce in huge volumes occupied a major market share in terms of revenue in the overall market. The number of unorganized players has been decreasing over the past few years primarily with the stagnant market growth. There were not a lot of infrastructure opportunities coming up in the recent years which put a large number of small players out of business.

Competitive Landscape

Bahrain plastic pipes and fittings market is concentrated with the presence of few big players constituting majority of the market. Bahrain Pipes is the market leader with the largest share in terms of sales volume in 2017. The company is the only manufacturer of polybutene-1 in the Middle East. This gives the company a huge advantage and gives it a competitive edge over its competitors in the country. Gulf Plastic Industries is the second largest player followed by Tylos Plastic Industries and Bahrain National Plastic Company.

Future Outlook

The future outlook of the industry is positive because as the oil prices are expected to recover in the coming years. It will give a boost to the Bahrain economy and the construction industry would continue to expand with investments in infrastructure, residential and energy projects. The plastic pipes and fittings market growth will also be driven by the Bahrain Economic Vision 2030, under which the government aims to diversify the country’s economy away from oil and support economic growth. Construction of affordable housing units is also expected to increase. The transition in the preference for plastic type is set to reduce the market of PVC pipes and fittings and consequently increase the market of PE pipes.

Key Segments Covered

By Type of Pipe

uPVC

PVC and CPVC

PE

PPR, ABS, PVDF and others

By Type of Market Structure

Organized Market

Unorganized Market

By Type of End User Application

Water Supply and Sewage

Plumbing

Chemical and Oil

Irrigation

Gas Transmission, Cable Protection, Healthcare and Automotive Industries and others

Key Target Audience

Plastic Pipes and Fittings Manufacturers

Plastic Resins Manufacturers

Major Importers of Plastic Pipes and Fittings

Private Equity Ventures

Time Period Captured in the Report:

2012-2017 – Historical Period

2017-2022 – Future Forecast

Plastic Pipes and Fittings Manufacturing Companies:

Bahrain Pipes, Gulf Plastic Industries, Tylos Plastic Industries, Bahrain National Plastic Company

Key Topics Covered in the Report

Introduction on Bahrain Plastic Pipes and Fittings Market

Value Chain

Manufacturing Process

Stakeholders in the Market

Market Size by revenue (2012-2017)

Market Segmentation on the Basis of Types of Pipes, Type of Market Structure, Type of End User Application

Factors Determining Prices of the Product

Competitive Landscape in the Industry

Shares and Company Profiles of Major Players in the Market

Common Manufacturing Standards Used

Growth Drivers

Issues and Challenges

Porter Five Forces Analysis

Future Outlook for the market including estimated market size in terms of revenue, market segmentation on the basis of type of pipes, type of market structure and type of end user application for the period

Snapshot on Middle East Plastic Pipes and Fittings market including market size by revenue, market segmentation on the basis of types of pipes, type if market structure, type of source and type of end user application

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

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/bahrain-plastic-pipes-fittings-market/163822-97.html

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Ankur Gupta, Head Marketing & Communications

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India Used Two Wheelers Market Research Report: Ken Research

How India Used Two Wheelers Market is Positioned?

The Indian two wheelers industry has evolved in many folds in terms of technology and total number of two wheelers being manufactured and produced. Two wheelers in India can be seen as an alternative to walking, riding bicycle and public transit systems. Presently, India is the largest producer and manufacturer of two wheelers in the world followed by China. Rising fuel prices is one of the primary growth drivers for two-wheelers due to their higher fuel efficiency. In India, commuters across all age groups use motorized vehicles, especially two wheelers owing to the escalating population and rapid increase in traffic congestion, thereby making two wheelers as the most appropriate and convenient mode of transportation in urban areas.

In terms of value, India used two wheelers market generated gross revenue of INR ~ billion by selling off ~ million units in FY’2013. In the pre-owned two wheeler segment, both motorcycles and scooters were observed to become second vehicles in the households, thus showcasing high growth year on year. Demand exists for two wheelers below 150 cc generally, from young male students, especially in metro regions. The demand for used two wheelers has seen a constant rise over the past few years, especially from models like Honda Activa, Aviator, TVS Jupiter, Bajaj Pulsar and Discover. Even in terms of exports, two-wheelers produced in India are the proud products of the “Make-in-India” initiative where nearly 7 in 10 automobiles delivered out of India are two-wheelers.

India Used Two Wheelers Market Segmentation

By Market Structure

In FY’2018 the sales volume through the unorganized sector individual sellers, local mechanics and small dealerships collectively contributed to nearly ~% of the market. Indian consumers who may want to use a vehicle for a short period of time or who may not be able to afford a new vehicle find it convenient to visit a nearby dealer and purchase it as per their budget. On the other hand organized sector was observed to capture the remaining ~% volume share in the FY’2018.

By Distribution Channel of 2 Wheelers

Due to low awareness regarding the existence of organized online and offline players, the majority of transactions conducted in the market are through C2C or offline B2C channel. The C2C channel controlled a share of ~% to the total sales volume in the used two-wheeler market during the FY’2018. On the other hand, the B2C channel controlled the remaining significant share of ~% in the used two wheeler sales space.

By Stock Piece and Customized Two Wheelers

During FY’2018, stock piece contributed to a majority of the used two-wheelers sold in India and consisted of standard vehicles manufactured by companies, thus evaluated at a volume share of ~% in India used two wheelers market. The total number of individuals who are bike enthusiasts and are able to afford expensive bikes constitute a very small proportion of buyers in the market for new customized bikes, thereby capturing the remaining ~% volume share in the FY’2018.

By Type of Two Wheelers

The share of scooters in the used two-wheeler space was recorded at ~% in the overall sales volume during FY’2018 in comparison to ~% in FY’2013. However, the market has continued to be dominated by motorcycles with a massive volume share of ~% during the FY’2018. This is because male riders travelling a longer distance still prefer motorbikes instead of a scooter due to larger engine and greater mileage offered by motorcycles.

Competitive Landscape in India Used Two Wheelers Market

In the FY’2017, ~% of the used two wheelers market in terms of sales volume was observed to be unorganized which comprises of individual sellers, local mechanics and small dealerships. Whereas the remaining ~% of the market constitutes of the organized players like Droom, CredR, BikeDekho.com, BikeWale.com, Mahindra First Choice Wheels Limited (MFCWL), Bikers Highway and others. Certification and authentication, brand, price, mileage and performance, engine quality/power and total number of dealers are some of the critical parameters on the basis of which Companies compete in the organized segment.

Snapshot on India Online Used Two Wheelers Market

The online used two wheeler market has been emerging with the rise in the popularity of E-commerce platforms in the country. Online platforms such as Flipkart, Amazon and Snapdeal have enabled India users to trust online platforms and make high value transactions online using their debit/credit cards and net banking. The growth of online advertising, which has fuelled the rise of online classified platforms such as OLX, Quikr, Gaadi.com and others have revolutionized the way in which pre-owned vehicles have been sold in the country. The online used two-wheeler market grew from INR ~ million in FY’2016 to INR ~ million in FY’2018. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services.

India Used Two Wheelers Market Future Outlook and Projections

It is anticipated that the used two wheelers market in the country will continue to grow in the coming years as used vehicles are much cheaper to purchase than a new one. Projections for the future suggest that the overall market for used two wheelers in India is likely to showcase a vibrant growth from ~ million units of sales volume in FY’2019E to ~ million units of sales volume in FY’2023E. The CAGR during this period is expected to be around ~% during the forecast period FY’2019E-FY’2023E. Individuals mostly in smaller cities and towns who wish to own a vehicle begin with buying a second hand two-wheeler to get hold of it. Similar is the case of women drivers who prefer purchasing a pre-owned vehicle to learn driving before they actually purchase a new vehicle. Also, local dealers who have been facing tough competition from the online classifieds will be seen associating with the online players to reach out to greater audiences.

Keywords Covered in this report:- Used Two Wheelers Market in India, India Used Two Wheelers Market, Preowned Two Wheelers Industry India, Two Wheeler Aftermarket Industry, India Two Wheeler Sales, India Online Used Two Wheelers Market, India Used Two Wheelers Sales, Used Two Wheelers Services in India, India Used Two Wheelers Segment, Used Commuter Bike on Sale, Type of Used Two Wheelers in India, India Used Two Wheelers Sales Volume, Imported Used Two Wheeler Market, Online Sales Two Wheeler, Used Scooter Sales in India, Used Bike Market in India, Financing Used Two Wheelers, Market Share Online Auto Classified Market

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-used-two-wheeler-market/157169-100.html

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Growing Landscape Of Digital Payment Services In India Payment Services Market Outlook: Ken Research

However unsurprisingly, the India is a developing country with the second largest population behind China and until recently its payment framework has straggled far behind the rest of the developed world whereas, it is transferable fast with the effective payment tasks over the last recent years and will continue for so long with the more development over the decades. According to the report analysis, ‘India Payment Services Market Research Forecast To 2023 – By Online Payments, M-Pos, Imps, Aeps, Ussd-Bhm Transactions, Upi, M-Wallet, Pos Terminal, Payment Gateways, Cug Cards And Payment Security Segment’ states that the major segments in the payment industry in India include India M-Wallet Market, India PoS terminal market, India Payment Gateway Market, India Payment Services Market, India M-Pos terminal market. Whereas, India Payment Services market has been customary dominated by cash witnessed development concerning digital transactions both in terms of volume and value throughout the phase of demonetization in India. The RBI (Reserve Bank of India) and NPCI (National Payments Corporation of India) are the major regulatory authorities which are playing significant role in signaling the relevant guidelines for active working within India’s payment countryside.

In India, the usage of mobile phones or smart phones is growing more significantly which increase the demand and awareness about the digital payments and providing secured payment solutions which are fueling the growth for digital payments in the India even in more positive manner. Moreover, overflow in the growth of electronic payments in India, besides with the M-commerce and E-commerce transactions are additionally predicted to serve a surge to the various entities involving payment gateway service distributors and payment collectors that surfing the online payments in the region. Furthermore, with the growing penetration of mobile phones in India has helped users with person-to-person money transfer as India M-Wallet Market provide various wallets for promoting the electronic payments in India with the outstanding increase in the usage of internet and smartphones. Many of the major companies having semi-closed wallets which include Mobikwik, Paytm, Oxigen Wallet and others whereas, in this market some of the closed wallet type companies are also available which includes, HDFC PayZapp, SBI E-Buddy and telecom operators such as Jio Money, Airtel Money, Vodafone M-Pesa  and others. Additionally, in the recent trend the social gifting is on the threshold of becoming a most popular trend among the young users and urban population which could fueling the money transfer through mobile wallets most probably on the festive occasion in the coming years.

With the increase in the India Payment Services Market some of the major leading payment gateway companies are doing effective job which includes Payu Money, CC Avenues, EBS, Billdesk and others. Whereas, the India Payment Gate-Way Market was mainly operating by demanding strand from customers such as digital security and faster checkout. Moreover, by the end users application, the large undertakings were signified to dominate the Indian payment gateway market owing to a higher sharpness in the region’s online payment ecosystem in related to SMEs. Whereas, the India PoS (Point of Sale) terminal market introduced as a computerized substitute of cash register where consumers can build an online dealing with the aid of their credit and debit cards. Moreover, with the increase in the medium and large sized retailers or merchants were observed as early prospectors of tablet based mPoS (Mobile-Point of Sale) devices. Furthermore, the M-PoS terminal Market observed a huge gap in the need and supply of mPoS hardware at the time of demonetization phase which lead in an increased number of producers for several mPoS key players. Therefore, with the existence of numerous payment methods the India Payment services market will grow more significantly in the coming years over the decades with the further development in the applications of online payment method and mobile wallets which are very much helpful for doing secured online transaction.

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

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-payment-services-market-research-forecast-2023-/154993-93.html

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Market – Disrupting Technology Of Adyen Increases Its Market Share And Expansion : Ken Research

Ken Research’s Fintech Profile: Adyen gives insights of the fintech strategies used by Adyen. The report gives key insights of the company, its business description, revenue model, funding, accelerator programs, partnerships and other in-house launches. The report helps in understanding the biography of the top management and gain insights into their target market and impact. The key companies that Adyen has partnered for its technological and commercial expansions are ICONIQ Capital, General Atlantic, Netflix, eBay and Uber.

Adyen, founded in 2006 aimed to change the existing payment technology which was made up of a patchwork of systems that were outdated in terms of their infrastructure. Adyen, which is Surinamese for ‘Start over again’ started their business by building modern infrastructure relating to card networks and local payment methods. This would allow a unified commerce and shopping insights of customers to merchants to enable in providing personalised recommendations. The platform thus enables merchants in a single system that boosted their revenue growth on electronic devices and at the point of sale. Adyen has its operations in about 15 countries- Amsterdam, Berlin, Brussels, London, Madrid, Manchester, Mexico City, New York, Paris, San Francisco, São Paulo, Shanghai, Singapore, Stockholm, Sydney. The company has been expanding its operations and many significant partnerships since 2016.

In 2018, the company listed its share for the public offering in Amsterdam. One of the key partnerships for Adyen has been with eBay earlier in 2018 where eBay replaced PayPal with Adyen as its payment provider. Though the size of PayPal is much bigger than Adyen, eBay went ahead with the partnership due to the lowered costs Adyen will provide to eBay. Adyen’s services would mean more control of finances for its merchants. The technology it uses processes the backend payment services using its technology which means the customers do not interact with Adyen directly. This is opposed to other payment services where the customers have to sign up and register with the provider to avail their services.  The company recently announced how it is the first payments platform to provide a system that offers passive authentication for transactions based on EMVCo’s 3DS 2.0 protocol. This type of authentication helps in analysing more than 100 data points for just one transaction, without any involvement from customers. For stronger transactions, it supports two-factor authentication which includes SMS and biometric verification. This also shows the company’s adaption to the biometric authentication as customers and businesses are becoming wary of security threats posed by passwords and pin codes.

To know more, click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/fintech-profile/154922-93.html

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Increasing Demand of Blockchain and Digital Transaction Technologies in the North American Remittance Market Outlook: Ken Research

The North American remittance market is growing rapidly with the more technological development in the existing technologies as doing remittance is growing more significantly as the major portion of the economy is presently depend on this money. In addition, remittance refers to that process where a migrated worker transfer money to his/her home and with the technology doing remittance much easier and accessible by everyone. Whereas, the GDP of underdeveloped countries also affected by the remittance received and drive the region growth more significantly. According to the report analysis, ‘Market Research Reports for Remittance’ states that the technology of blockchain and digital transaction fueling the growth of the North American remittances market and with both the technology the traditional way doing remittances across the globe. In addition, the key players of both the technology are doing outstanding working and with their efficient working the remittance industry is growing with the new innovations in the technological applications.

The blockchain technology is very much helpful for the migrated persons as with the usage of this technology any one can send money from one region to another and further it saves time and result less cost. Most importantly the blockchain abolish the traditional way of doing remittances which include high cost and time consuming. Moreover, in a research it is observed that the nations of North America receives or transfer tens of billions of US dollars as remittance as the case may be and the industry is becoming more innovated with the new innovations in the specifications of blockchain. Not only has this, the digital transactions technology is also become prominent in the recent trend as the youth of present era make an extensive usage of smart phones through which anyone can transfer money from anywhere to anywhere across the globe. According to the report analysis, ‘Remittance Industry Research and Market Reports’ states that both the technology having significant applications and make the North American remittance market more reliable and effective for both the users and investors. However unsurprisingly, in the present era the innovations in the existing technologies totally abolish the earlier way of doing remittance which involve being waiting in a queue for long hours and most importantly with both the technology the elimination of middle man is done and resulted less costly and less time consuming process. Hence undoubtedly, both the technologies of the remittance playing a significant role in the lives of migrated persons.

The North America region is dominating the handsome amount of share in the remittance market across the globe and for being an effective player the North America region is investing more in this technologies for enhancing the applications of the blockchain and digital transactions. Many of the tech companies are blending up with the IT companies so that they can work across the globe with the effective solutions of doing remittance. In addition, the companies are also adopting latest technologies and will fueling the North American remittance market and which further providing better consumer experience. Therefore, in the coming years it is expected that the North American remittance market will grow more significant across the globe with the more technological development.

For more information, click on the link below:

https://www.kenresearch.com/tag/banking-financial-services-and-insurance/remittance/177.html

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Artificial Intelligence, Machine Learning And Big Data To Boost Efficiency In The Hotel Industry: Ken Research

Machine learning is the study of computer systems that learn from data and experience. It collects and computes large amount of complex &disparate data, without human interventions and convert it into a more convenient size & easily understood format. Machine learning includes applications computer vision, spam filtering, stock market analysis, computational finance, information retrieval, recommendation systems, speech recognition, medical diagnosis and structural health monitoring.

According to study, “Case Study: Machine learning in the hotel industry - How can artificial intelligence, machine learning, and Big Data boost efficiency in the industry?” some of the major companies that are currently working in machine learning are Amazon, Apple,Ayasdi, Digital Reasoning, Darktrace, Dataiku, Facebook, Feedzai,Google, IBM Watson, Luminoso, N-iX, QBurst, Qualcomm, Skytree, Uber.

It is useful in hotel industry by forecasting room demand and trade rate. In hotel industry, it is also often used in conjunction with statistical methods to produce cutting-edge forecasting and decision optimization.

Artificial intelligence (AI) is the theory and development of computer systems. It is capable in performing tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. It also plays an important role in the hotel industry due its ability to carry out systematic process quite easily. It assists in machine learning and provides ability to think. It enables machines to recognize patterns, and to do most of the currently planned work. AI uses internet of things (IOT) and sensors for identifying an arriving guest's smart phone by hotel's Wi-Fi networks. IoT system assists the management staff for quick, frictionless check-in and permit auto-unlocking of the door when anybody stand in from of the door.IOT and sensors help hotel staff and guests to regulate the light intensity, temperature of the room which can be adjusted as per their determined preferences.

AI allows hotels implement better processes, problem solving, anticipating needs, and know-how about the traveler pattern and choice. AI also understands smart systems which are programmed to create fake conversation through natural language processing and natural language generation in native language to enable controlled, succinct, and efficient interactions between individuals and the computing machines.

Big data is extremely useful for a large data set that describes the collection of information from offline and online sources to support the ongoing development and operations of a company and the organization. The hotels utilize data to offer personalized experience to customers starting from suggesting local restaurants to finding a price point. There are many ways to apply big data in hospitality industry such as identifying strength and weaknesses, improving occupancy rates using big data, gaining a deeper understanding of customer needs and time & location specific marketing campaigns etc. There are three methods for applying big data in hotel industry, which are; descriptive analytics, predictive analytics and prescriptive analytics.

Nowadays travelers are booking their holidays online. There are some hotels which utilizing AI and machine learning in their rooms such as hyatt, Radisson, henn na, eccleston square hotel, the hotel silken puerta America etc. The major travels player, such as TripAdvisor, Trivago, and Google using artificial intelligence in order to display the most relevant results for each user in a timely manner. It will also enhance relevant suggestions, visual search, and caching to present the customer with the right results at the right time.

To know more, click on the link below:-

https://www.kenresearch.com/media-and-entertainment/tourism/machine-learning-hotel-industry/150629-94.html

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