Friday, December 7, 2018

Changing Dynamics Of The Global Military Laser Rangefinder Market Outlook: Ken Research


The entire industry of defense and security has grown more significantly in the present era with the improvement in the technology of weapon. Whereas, the military laser rangefinder systems serves targeting and developed sights for laser-guided bombs, missiles, or precision-guided artillery munitions, likewise the paveway series of bombs or the AGM-114 Hellfire anti-tank missiles. Moreover, the laser rangefinders for professional use and predominantly in the critical situation, specific distance measurement is essential for the reliable firearm targeting. Hence, the laser rangefinder is military standard equipment across the globe with many defense forces. The key market players across the globe are analyzing the way of using it in the armed force, special force and several others for doing more developments in the size and other specifications which proved to be beneficial for leading the market growth across the globe and acquiring the highest share worldwide in the forecasted period.

According to the report analysis, ‘Global Military Laser Rangefinder Market Research Report - Forecast till 2023’ states that some of the major players which are recently functioning in this market more actively for dominating the huge market share across the globe by doing significant developments in the technology of laser rangefinder in the sector of military includes Elbit Systems Ltd (Israel), FLIR Systems Inc. (US), Jenoptik AG (Germany), L-3 Technologies Inc. (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Saab AB (Sweden), Safran (France), and Thales Group (France) are the key players profiled in this report. Meanwhile, Lockheed Martin Corporation and Northrop Grumman Corporation were the prominent players in the market, accounting for nearly 50% of the market in 2017.Not only has this, recently, a number of companies, such as BAE Systems, Northrop Grumman, and Thales Group, have invested in military laser rangefinders which would significantly propel market growth in the reviewed period. The improvement of laser-guided weapons, establishment of safe laser rangefinders, modernization of warfare, and introduction of lightweight laser rangefinders are the key factors driving the growth of the global market in the forecasted period.

The market of military laser rangefinder across the globe is predicted to increase at aCAGR of 6.7% in the reviewed period from 2018-2023. While, in 2017, the market was led by the North America with a 35.5% share, followed by Europe and Asia Pacific with the shares of 25.3% and 20.1% respectively. Moreover, the Asia Pacific regionis anticipated to be the fastest rising market for the military laser rangefinders. Whereas, the North America dominates the global market and is likely to increase at a remarkable rate in the reviewed period. Additionally, the growing military disbursement by the US Department of Defense (DoD) on miniature military rangefinders, in present years, has resulted in a significant outpouring in demand in this region. Furthermore, the existence of key companies, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and FLIR Systems Inc., outcomes in the supremacy of this region in the global market. Therefore, it is expected that in the coming years, the market of military laser rangefinder will grow more actively across the globe with the more investment by the new entrants and the present market key player over the recent decades.

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Increase in International Trade Coupled with Rise in Domestic Consumption Expected to Drive the Warehousing Market in India: Ken Research

Warehousing Market in India
A warehouse is a business building for storage of goods. It protects the goods, which are damage through heat, dust, wind, and moisture. Some of the key features include holding of goods, dispatch the shipment & good to storage, operate an information system, receiving of goods, marshall the shipments, pick goods and identification of goods etc. The warehousing operations include activities such as inbound activities, outbound activities, and process activities. Inbound activities are defined by receiving and put away operations. Outbound activities are defined by packing and shipping operations. Additionally, process activities are defined by order picking, replenishment, and stock rotation operations.
The warehouse is categorized into public warehouses, state warehouses, manufacturer warehouses, wholesale warehouses, and bonded warehouses. The public warehouse is managed by private persons for rentingintention. The wholesale warehouse is controlled or managed by the wholesaler for storing goods and bonded warehouse is located at the borders and managed by the customs authority.
According to study, “Warehousing Market in India (2018-2023)” some of the major companies that are currently working in the warehousing market in India are Container Corporation of India Ltd., Mahindra Logistics Ltd., DHL Express (India) Pvt. Ltd., Transport Corporation of India Ltd., JICS Logistics Ltd., Central Warehousing Corporation, Gati Ltd., Jayem Warehousing Pvt. Ltd., Spear Logistics Pvt. Ltd., Shalimar Warehousing Corporation.
On the basis of commodity stored type, the warehousing market is segmented into specialty warehouses, general warehouses, and refrigerated warehouses. On the basis of the sector, the market is segmented into agricultural warehouses and industrial warehouses. On the basis of infrastructure type, the market is segmented into lower stratum, middle stratum, and higher stratum. Additionally, on the basis of technology advancement, the market is segmented into cloud computing, internet of things (IoT), big data analytics, advanced imagers, and robotics & automation.
Warehouse storage has some of the prime advantages which include reduced investment risk, conservation of capital, cost effectiveness, high productivity, and efficient flow of materials, reduce stock holdings and provide buffer storage functions etc.
The market of the warehouse is mainly driven increasing international trade. Rising domestic consumption, growth in containerization & international trade, increasing private & foreign investments in infrastructure, growing manufacturing activity, the emergence of organized retail in the country and easing of government regulations are increasing significantly which led to the growth of the market. Some government initiatives are the National Policy on Handling, Free Trade Warehousing Zones (FTWZs), Warehousing Regulation & Development Act (WRDA) and Dedicated Freight Corridor, which are responsible for building warehousing capacity in the country.
Moreover, some disadvantages such as high initial cost and administrative problems further make warehouse operation a difficult one. Some of the major challenges include low capital and operating efficiencies (lower utilization and poor throughput or unit space), limited value addition specific to the user industry, lack of alignment of capacity with cargo flows, improper level of automation, limited capacity (and ability) for handling multi-modal interfaces, lack of the appropriate scale and quality of warehousing infrastructure and improper measurement of total logistics costs by end users.
The warehousing market is growing at over 10% every year, in the country. In upcoming years, it is estimated that this market will be grown increasingly due to growth in e-commerce. The warehousing market is estimated to reach INR 3,179 Billion by 2023, at a CAGR of 13.6% during 2018-2023.
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Rising Landscape Of The Shoulder Replacement Procedure In Asia Pacific Market Outlook: Ken Research


According to the report analysis, ‘Asia-Pacific Shoulder Replacement Procedures Outlook to 2025states that some of the major key players are recently functioning in this market more actively for attaining the highest market share across the globe by treating the patients more effectively and efficiently with the developed and innovated technologies at a reasonable price. Moreover, the key players are doing effective projects related to the technology of treatment on the basis of market segments. The market of shoulder replacement procedures volumes in Asia Pacific region is segmented differently which includes Partial Shoulder Replacement Procedures, Primary Shoulder Replacement Procedures, Reverse Shoulder Replacement Procedures, Revision Shoulder Replacement Procedures and Shoulder Resurfacing Procedures. Not only has this, the key players are doing effective working by blending up with the government authorities and the local and regional government is doing effective investment on the research and development programs. As non surgery options are favored treatment for a variability of reasons. Besides not inadequate to risk the usual risks of surgery such as shoulder replacements, infection can central to a variability of impediments involving rotator cuff tears and glenohumeral.
Shoulder replacement is an extremely successful procedure for considering the severe pain and stiffness that often result at the end stage of numerous forms of arthritis. Moreover, the shoulder replacement is a surgical process in which part or all of the glenohumeral joint is substituted by a prosthetic implant. The surgery of shoulder replacement is an option for the cure of severe arthritis of the shoulder joint. For instance, Arthritis is a situation that affects the cartilage of the joints. The severe shoulder arthritis is moderately painful, and cause constraint of motion. The key players of this industry are doing effective development for treating the patients of this more effectively which proved to be beneficial for acquiring huge share in the Asia Pacific region and leading the market growth more actively in the coming years.
The key players of this market in the country is developing their business and investment policies and strategies by identifying and investing the key market trends and developed segments of the region which are forecasted to register a highest growth in the coming years. Not only has this, with the significant development in the market of this in Asia Pacific region and working of recent players enable the competitive nature and the enforced the new investors for support the market financially which is advantageous for dominating the fastest growth in the near future. On the basis of region, in the Asia Pacific region there are some prominent places where this market is working and spread more significantly and record effective number of cases of shoulder replacement procedures such as Australia, China, India, Japan and South Korea. It is expected that in the coming years, the market of shoulder replacement procedure will grow more actively over the recent few years with the establishment of new government healthcare organization which will provide effective services related to this disease at an economical price.
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Kuwait Education Market Outlook to 2022: Ken Research

The report titled, “Kuwait Education Market Outlook to 2022 - by K-12 Education, Higher Education, E-Learning, Vocational Training, Teacher Training, Private Tutor and Test-Preparation Education Market” covers the K-12 private education market size (by revenue, number of schools, number of teachers, number of classrooms and number of students), current emerging trends and developments, major issues and challenges, customer pain points & decision making parameters, investment model, along with market segmentation by level of education (Kindergarten, Primary, Intermediate and Secondary), by gender (Male and Female), by nationality (Kuwaitis and non-Kuwaitis) and by region (Al Asema, Hawalii, Al Ahmadii, Al Farwaniya, Al Jahra Education  and Mobark Al Kaber). The report presents competitive landscape of leading British, American and Indian schools and the major test preparation centers. Parameters such as type of curriculum, average fees per annum, class size, catchment area, student teacher ratio, number of students and others have been given prime importance. The report also covers government rules and regulation, future outlook along with SWOT analysis and analyst recommendation.

Market Overview: Kuwait’s education market is in its growth stage. Changes and overhauls brought in the overall education curriculum through government interventions & subsidies extended has been a major market support parameter. The two major organizations that oversee the operations of this sector in Kuwait are the Ministry of Education and the Ministry of Higher Education.

The education market in Kuwait has registered a revenue growth close to close to 6% during 2012-2017. The Ministry of Education allocated KWD 2 billion in the 2016 annual budget for Kuwait’s K-12 education sector. This is in line with its Integrated Education Reform Program (2011-2019) and the School Education Quality Improvement Project which are geared towards developing curriculum, improving learning outcomes, encouraging efficient teaching and refining the efficiency of education.

Kuwait K-12 Education Market
Public K-12 education is extended free of cost in Kuwait with over 800 schools serving over 350 thousand children in 2017. The government expenditure in public education has grown at a CAGR close to 7% during 2012-2016. However, the quality of education in public schools is considered to be poor and there is a growing shift towards private education. The growing demand for better quality education has resulted in more players entering the market with over 500 private schools operating in 2017. American and British schools are the most expensive, charging an average fee of close to KWD 4,000 per year, whereas Indian and Pakistani schools offer more affordable rates at an average fee of close to KWD 450 per year. The market revenue of K-12 education registered a CAGR close to 6% during 2012-2017.

Currently, private K-12 schools in Kuwait provide education to over 40% of its students. The nature of the market is fragmented with various types of schools offering all types of curricula & fee range. In majority, it has been noticed that private schools are individually owned, hence leaving more room for large scale operators to take over. Major Private Schools: American (American Creative Academy, The American School of Kuwait, American United School), British (Kuwait International English School, the English Academy, New English School Kuwait) and Indian (Fahaheel Watanieh Indian Private School, Indian Educational School, United Indian School). Major Public Schools: Pironi Medium for Boys, Safia Intermediate Girls, Bints Primary Girls, Doha Elementary School for Boys, Ouzai Secondary Boys, Amama Bint Bishr. The revenues generated by the K-12 education industry in the Kuwait are projected to increase registering a five year CAGR of close to 5% during 2017-2022.

Kuwait Test Preparation Market
Kuwait’s test prep market is in its growth stage and has a combination of both local and international players operating in the market. The major catchment areas include Salmiya, Kuwait City, Fahaheel and Hawalli and the major players in the market include AMIDEAST, Apachia, British Council and ILM prep. The fees for each course are paid in advance of class commencement. GMAT, GRE and SAT are the most expensive courses with each having an average fee of close to KWD 200 and the most popular course is IELTS with close to 3,000 enrollments in 2017. TOEFL and IELTS, the two English language tests together brought in majority of the revenue registering highest enrollments in the test prep market in 2017. The SAT test prep segment was the second largest followed by GMAT training classes. The smallest segment in the test prep market was the GRE. Kuwait’s test preparation market is expected to expand with the increasing number of players entering the market and creating new test centers.

Kuwait Higher Education Market
There were only 2 universities catering to higher education sector in Kuwait in 2002, Kuwait University (KU) and Public Authority of Applied Education and Training (PAAET). Currently, there are over 18 private universities in Kuwait offering a varied number of courses. The popular universities include American College of Middle East (ACM), American University of Kuwait (AUK), American University of Middle East (AUM), Gulf University for Science and Technology (GUST) and Arab Open University (AOU). [There is currently an ongoing expansion of KU that is expected to cater to nearly 40,000 students by 2019. The Kuwaiti government has also granted permits for nine new private universities with foreign affiliations to be established over the coming years.

Kuwait Vocational Training Market
The government is trying to encourage Kuwaitis to take up vocational courses to compete with expats in the country in serving various job profiles. Public VET is provided by PAAET, Higher Institute for Theatrical Arts and Higher Institute for Music Arts, free of cost. There are some private VET institutes, generally teaching programs from 4pm-10pm regarding skills such as web designing, office management and corporate training. The majority of private VET centers are located in Kuwait City or in the Hawalli Governate.

Kuwait E-Learning Market
Internet Penetration in Kuwait was at close to 80% in 2016, resulting in a growing market for e-learning services. There are a few technological concerns such as low internet speeds and bandwidth limitations. Security concerns are also an important barrier to the e-learning implementation. The main E-Learning companies offering content in Kuwait include Track Learning Solutions, British Council, Panacea Infotech, Global Learning and New Horizons Computer Learning Center. The future is promising due to the swift increase in the number of internet users and mobile penetration in the country along with positive feedback from the increasing use of smart classes in K-12 schools and higher use of online portals to read e-books.

Kuwait Teacher Training Market
There are only two teacher training institutes in Kuwait, namely KU and PAAET which offer training free of cost, even to non-Kuwaitis students. These institutions are publicly owned with no private institutions offering this service in the country. The Ministry of Higher Education (MoHE) is responsible for the accreditation and regulation process of teachers in Kuwait. The steady rise of the student population and increasing competition between students acts as growth drivers in the teacher training market. However, budget cuts and rapid changes in the body of knowledge in all subjects can pose as challenges to the growth of the market. 

Kuwait Private Tutors Market
Private tuition is prohibited by the government of Kuwait, but the market still persists due to the profitability involved. Private tuition is lucrative for teachers as parents and students alike are competitive and indulge in this service to achieve higher grades. The majority of private teachers in Kuwait (70%) are located in Hawalli and Kuwait City.

Time Period Captured in the Report
2012-2017 – Historical Period
2018-2022 – Future Forecast

Key Segments Covered
·         Market Segmentation for Kuwait K-12 Private Education
·         Market Segmentation by Level of Education (Kindergarten, Primary, Intermediate, Secondary)
·         Market Segmentation by Gender (Male & Female)
·         Market Segmentation by Nationality (Kuwaiti & Non-Kuwaiti)
·         Market Segmentation by School Type (Foreign & Arabic)
·         Market Segmentation for Kuwait Test Preparation
·         Market Segmentation by Revenue on the Basis of Type of Test Taken (IELTS, TOEFL, GMAT, GRE, SAT)

Key Target Audience
·         Private K-12 Schools
·         Government Organizations
·         Test Preparation Institutes
·         Private Vocational Training Institutes
·         International Schools
·         International Colleges/Universities
·         Global E-learning Companies
·         Investors

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Demand for Connected Driving Experience is Expected to Drive Connected Car Market in Germany: Ken Research

Connected Car Market in  Germany
Connected vehicle is a vehicle, which use different communication technologies and devices to connect the world around them. It provides accuracy to the individual road user’s traffic-related information and additionally they are built for flexibility and scalability. Connected vehicle market includes different types of communications such as vehicle to vehicle (V2V), a vehicle to infrastructure (V2I), vehicle to pedestrian (V2P), and vehicle to cloud (V2C) and others.
According to study, “Germany Connected Vehicle Market (2018-2023)” some of the major companies that are currently working in the Germany connected vehicle market are Airbiquity Inc, Continental AG, Aptiv PLC, NXP Semiconductors, Autoliv, Denso, Wireless Car, Robert Bosch GmbH, ZF Friedrichshafen, TomTom.
Government favorable policies and advancement in autonomous vehicle technology is introducing the German automobile industry interest towards newly designed products. Moreover, the new German road transport law has also been introduced in Germany which allows the semi-autonomous cars for transportation. German OEMs also lead the innovation of self-driving cars technology and patents related to self-driving cars technology registered by the German's car and component manufacturers.
The connected vehicle market is categorized into the connected car market, connected truck market, connected bus market and connected train market. The connected car market is segmented into wireless & cellular modules, fleet manager, processors, sensors, original equipment manufacturer (OEM) services and aftermarket services. On the basis of services, the market is segmented into stock information, vehicle location, weather information, traffic information, dealer service contact, vehicle alarm notification, text message display, remote door lock & unlocks concierge services, automatic collision notification, vehicle alerts & diagnostics and emergency services etc.
Some of the key technologies associated with connected vehicles include infotainment systems, aftermarket telemetric systems, navigation systems, cloud computing & data analytics, automaker telemetric system architecture, wireless communications technologies, and intelligent transportation systems. Moreover, the automotive companies are well attentive about the fact that successfully connected car solutions, a collaboration between manufacturers and suppliers are key areas to focus. In order to make partnership easier for the industry-wide standards about the technologies, software development, and service provision to be applied and accepted.
In Germany, the market for a connected vehicle is primarily driven by the increasing need for connectivity among the customers. Increasing technological advancements, decreasing traffic congestion, reducing energy consumption, incorporation of an internet of things (IoT) based technologies; demand for vehicle-to-vehicle (V2V) connectivity technology, improving safety and demanding for an autonomous driving experience are increasing significantly which led to the growth of the market. Apart from some advantages, some of the risks are associated for connected cars are unauthorized vehicle entry, connection security, mobile application security, manipulating a vehicle’s operation and stealing personally identifiable information (PII) etc. In addition, some challenges are included extended supply chains, increased cost, increased customer demands, more complex vehicles and the need for an unprecedented degree of manufacturing flexibility.
The Federal Minister of Transport and Digital Infrastructure and the German Ethics Commission on Automated and Connected Driving are some government regulating agencies accountable for connecting some communication equipment in all new vehicles.
In Germany, it is expected that around 90 % of cars to be connected to the internet by 2020, which will be useful for creating the mobile environment. This is expected to generate need of broadband mobile environment for most of the drivers which exist distinct to the current interconnected world of smartphones, computers, and content providers. It is estimated that the connected car market will reach at US $2027 million by 2023, at a CAGR of 8.1 % during 2018-2023.
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India PVC Solvent Cement Market Research Report: Ken Research


How India PVC Solvent Market is Positioned?
The PVC solvent cement market in India is currently in its early growth stage. The market evolved from core solvent cement manufacturers such as HP International, Weld-on (Astral Poly Technik), Neoseal to plastic pipe manufacturers (Jain Irrigation, Finolex Pipes, Ashirvaad Pipes etc.) which also started manufacturing solvent cement as part of their product portfolio to capture further share in the plastic piping market segment and act as one stop solution for all piping needs for their customers. Though the market is dominated by organized players, the number of solvent cement manufacturers in unorganized segment is very large and they cater to requirements of small time contractors, plumbers who are looking at low cost products.
PVC Solvent Cement market in India has grown from INR ~crore in FY’2013 to INR ~crore in FY’2018 at a CAGR of ~%. This growth was driven mainly by the rising demand for PVC plastic pipe and fittings in India. Increase in demand from the agricultural sector for irrigation purposes has been the major source of demand for PVC pipes and PVC solvent cement. As Government of India (GoI) is emphasizing on increasing the net irrigated land in India with several micro irrigation projects, the demand for PVC pipes and solvent cement is bound to increase. The market revenue also increased with added competition from increasing number of companies which entered the market in the recent years with new product variants.
India PVC Solvent Cement Market Segmentation
By Product Type
This segmentation focuses on share of market on the basis of revenue by type of solvent cement in demand. As of FY’2018, the PVC solvent cement had captured the majority of the market share of about ~% owing to PVC pipes being majorly used in the water supply and drainage & sewage in India and generally the diameter of these pipes are large which tends to increase the amount of solvent cement being used in these application.
By Market Structure
Organised Market accounted for about ~% of the overall market revenue mainly because they have a strong hold in the market owing to their brand value, consistent product quality, and wider distribution base. They are able to attract industrial customers as they are regarded as experts in this field and are able to help the industrial buyers in choosing the correct product for their applications. The construction sector constituted for about ~% of the demand and used vehicles meant for transportation of employees.
By Regions
India PVC solvent cement is divided into 2 regions namely urban areas and rural areas. In FY’2018, urban region accounted for about ~% in terms of revenue due to higher population as compared to rural regions, owing to increased migration and employment opportunities. Rural region is more inclined towards irrigation and other forms of agriculture which results in higher installation base for PVC pipe and fittings as these pipes are used for water supply, drainage and sewage applications.
Competitive Landscape
The competition in India solvent cement market has grown over the years, with new companies entering the market. There are large numbers of companies operating in this segment. Companies in this market are competing on the basis of product variants, product quality, certifications and distribution network. Organized sector dominated the market due to consistency in product quality and wider distribution network. Companies in the organized sector also allocate time and resources to build their dealer networks to expand the reach of their products. This is done through promotion, marketing and recommendation based strategies with end user entities such as plumbers, architects, consultants (in agriculture and real estate) and contractors. The major players in the organized PVC solvent cement in India include HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited, Ashirvad Pipes Private Limited and Jain Irrigation Systems Limited.
PVC Solvent Cement Market Future Outlook and Projections
India PVC solvent cement market is projected to increase from INR~ crore in FY’2018 to INR ~ crore in FY’2023 at a CAGR of ~% during the forecasted period. Major growth drivers during this later period will be increased sanitation facilities across Tier 2 cities and semi-urban areas. This will be due to increasing population and personal disposable incomes which will augment the growth of number of housing and residential units.  The PVC solvent cement segment will see an increase in their share of fleet over the forecasted period, FY’2018-FY’2023 from ~% to ~% owing to government focusing heavily on investment in farm activities, it is very likely that irrigation network for agricultural lands increases all across the country. Since these systems mainly use PVC pipes and fittings, demand for PVC solvent cement will grow. RERA is likely to affect the market through its impact on the real estate market in India. Construction of real estate units may slow down due to RERA.
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Increase in Population Coupled with New Fashion Trends are Anticipated to Drive the Footwear Market in India : Ken Research


According to study, “Footwear Market in India (2018-2023)” some of the major companies that are currently working in the footwear market in India are Khadim India Limited, Sreeleather Limited, Liberty Shoes Limited, Nike Inc., Bata India Limited, Relaxo Footwear Limited, Paragon Footwear Private Limited, Action Shoes Private Limited, Puma Sports India Private Limited, Adidas India Private Limited, Reebok India Private Limited.These key players are progressively focusing on offering well-established products, producing strong brand names and exhibit long-term reliability. The vendors in footwearmarket are increasingly competing against each other, which are based on factors such as features, price and product quality. The market has been dominated by local and unorganized players. Unorganized players are liable to benefit from a much higher revenue margin as evaluated to their organized counterparts.
Footwear refers to garment or things, which is worn by people on their feet. It is used for adornment and fashion. It protects foot from rain, cold, dampness, heat and dirtiness. Foot wears are of many types such as slippers, boots, shoes, and sandals etc. On the basis of material, the footwear market is segmented into leather footwear and non leather footwear. On the basis of type, the market is segmented into athletic and non athletic. Athletic footwear includes running shoes, aerobics shoes, sports (cross training), soccer shoes, walking shoes, tennis shoes, seasonal boots, cricket footwear and others. Non-athletic footwear includes casual, formal, boots and waterproof footwear. On the basis of distribution channel, the market is segmented into supermarkets, online channels, independent retail stores and hypermarkets. The applications are split in the market as per on the basis of the demand for the footwear include women, men and children.
The footwear market is increasing its share due to easy availability of low cost of labour, comfortable availability of raw materials, tax incentives on machinery by government, presence of qualified leather technologies and exposure to export markets etc. Some of the weaknesses associated are environmental problems, less number of organized product manufacturers, horizontal growth of tanneries, low machine & material productivity, delayed deliveries and uneconomical size of manufacturing units etc. Some of the key opportunities include growing international & domestic markets, growing fashion consciousness, product diversification and exposure to newer markets.
Some foreign brands such as Hasley, Elefanten, Clarks, Florsheim, Salamander, Ecco, St Michaels, Stacy Adams, Nunn Bush, Colehaan and Deichmann are pretended under license in country.
The market of footwear is mainly driven by increasing disposable income. Rise in use of internet penetration, rapidly growing population, increasing fashion consciousness among the young generation,rising footwear manufacturers, increasing in technological innovations, rising popularity of the e-commerce market, having a presence over the e-commerce ecosystem and government initiatives are increasing significantly which led to the growth of the market.
India is the second leadingproducer of footwear after China, globally. Agra, Kanpur, Vaniyambadi, Ranipet and Ambur are some production cities in country. Textile, sandals and other footwear holds the highest segment of this market. It is estimated that footwear market will be grown increasingly and turn into a multibillion-dollar category, due to high order volumes and repeat purchases of footwear.
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