Monday, January 28, 2019

Thailand Auto Finance Market Outlook to 2023: Ken Research

Thailand Auto Finance Market
The report titled “Thailand Auto Finance Market Outlook to 2023 - by Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New and Used Passenger and Commercial Vehicles” provides a comprehensive analysis of Thailand’s Auto Finance Market including market evolution, overview, genesis, market size, and market segmentation. The extensive focus has been placed in quantifying the auto credit disbursed auto loans outstanding and a number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, type of vehicles, new and used cars and type of institutions) and snapshot on general automotive space in Thailand. Competitive landscape of major players including Thanachart Bank, Bank of Ayudhya, Siam Commercial Bank, Ayudhya Capital Auto Lease, Kasikorn Bank, and TISCO Bank have been extensively covered. The report also covers future industry analysis (by credit disbursed and by auto loan outstanding), future market segmentation, SWOT analysis, growth opportunities, upcoming business models, government regulations and analyst recommendations.
Market Overview:
Thailand auto finance market played an essential role in the overall GDP contribution in the Thai economy.  After witnessing a burst in 2015, the market is currently placed in its recovery phase registering a slow-moving growth rate. Major operations are conducted by three types of entities namely, banks & subsidiaries, captive finances, and nonbank financial institutes. Numerous new business strategies were adopted by major players including the launch of “Cash Your Car”, First Car Buyer Scheme, and Floor Plan Model with competitors indulging in maintaining extensive collaborations with luxury dealers like Volvo for product sales expansion.
Market Size:
 Thailand auto finance market on the basis of total credit disbursed has expanded registering a CAGR of close to 4% during 2013-2018. The number of automobiles financed witnessed a CAGR of close to 6% owing to an increase in the household disposable income and more affluent middle class in the economy. Two-wheelers market experienced growth with the rise in motorcycle demand fueled by Thai farmers. The growing consumer confidence index, constant prime lending rates, growing car sales and evolving used car market has been the major growth factors. In terms of total auto loans outstanding, the market registered a CAGR of almost 5% during the review period.
Market Segmentation
By Type of Vehicles:
 The credit disbursed for commercial vehicles registered a CAGR of above 6% during 2013-2018. On the basis of the auto loan outstanding, passenger vehicle recorded a CAGR above 1% while commercial vehicles experienced a CAGR of above 8%. Commercial vehicle finance has led the space by capturing a share of over 50% in 2018. The first buyer scheme was a boon for the market in its initial years; however, eventually, it failed because of the slow growth in the economy after the scheme.
By New and Used Cars:
New vehicles have led the market share on the basis of both, credit disbursed and auto loan outstanding in 2018. By Type of Institutions: By auto loan outstanding, banks & subsidiaries have led the market in 2018. This was followed by captive finances which are growing at a faster pace due to low interest charged. Lowest share was comprised by NBFIs.
By Loan Tenure:
On the basis of the auto loan outstanding, 3-year loan tenure has been the most popular segment in 2018. This was followed by 2-year loan tenure which is usually taken up for second-hand vehicles. This was followed by 4 years and 1-year tenure while 5 years and above was the least popular segment in the market in 2018.
Competitive Landscape
Competition Scenario:
The overall competition stage of the market has been fragmented owing to a presence of approximately 100-150 entities. The market is dominated by banks in terms of auto loans extended owing to the low cost of financing. There are 6 major banks offering auto loans in Thailand namely Thanachart bank, Bank of Ayudhya, Siam Commercial bank, Kasikorn Bank, TISCO and Ayudhya Capital Auto Lease. There are 16 major captive finances in the market, including Toyota Leasing Thailand, Ford Services, Mercedes-Benz Leasing, BMW Financial Services, MITSU Leasing Thailand, and others. The non –banks hold a minimal share in Thailand with 13 major players namely Ayudhya Capital Auto Lease, Ayudhya Capital Services Company Limited, Asia Sermkij Leasing Public Company Limited and others.
Future Analysis and Projections
Market Size:
The market has been anticipated to trace a CAGR close to 4% during 2018-2023E in terms of total credit disbursed for auto finance in Thailand. In terms of the auto loan outstanding, it has been expected that the market shall register a CAGR of above 6% during the same.
Thailand auto finance market is likely to witness a boon in terms of a number of auto loans sanctioned especially on the technological front with the development of the Eastern Economic Corridor (EEC). The digital front would witness new schemes that are more customers friendly. Moreover, the rise in commercial activities engaging automobiles such as the use of vehicles in public transport, agricultural and industrial use, are expected to be the potential prospects of growth in the next five years.
Key Segments Covered:
Type of Vehicles (Passenger Vehicles and Commercial Vehicles on the basis of Credit Disbursed and Auto Loan Outstanding)
New and Used Cars (On the Basis of Number of Vehicles Financed and Auto Loan Outstanding)
Type of Institutions (Banks & Subsidiaries, Captive Finances and Non-Bank Financial Institutes on the Basis of Auto Loan Outstanding)
Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years, 5 and More years on the basis of Auto Loan Outstanding)
Key Target Audience:
Existing Auto Finance Companies
Banks & Subsidiaries
Auto OEM Captive Finance Companies
Non-Banking Financial Institutions
New Market Entrants
Automobile Financing Companies
Government Organizations
Investors
Automobile Associations
Automobile Original Equipment Manufacturer
Time Period Captured in the Report:
Financial Year 2013-2018: Historical Period
Financial Year 2019-2023: Future Forecast
Companies Covered:
Banks:
Thanachart Public Company Limited, Siam Commercial Bank Public Company Limited, Kasikorn Bank Public Company Limited, Kiatnakin Bank Public Company Limited, Bank of Ayudhya Public Company Limited and TISCO Bank Public Company Limited
Subsidiaries:
Ratchthani Leasing Public Company Limited, Thanachart Group Leasing Company Limited, Ayudhya Capital Auto Lease Public Company Limited, Ayudhya Capital Services Company Limited, Krungsri LEASING Services Company Limited, Ngern Tid Lor Company Limited, TISCO Leasing Company Limited, TISCO Tokyo Leasing Company Limited, Kasikorn Leasing Company Limited AND Kiatnakin Leasing Company Limited.
Captive Finances:
Toyota Leasing Thailand, Mercedes-Benz Leasing, BMW Financial Services, MITSU Leasing Thailand, Ford Services Thailand Company Limited, Honda Leasing Thailand Company Limited, Hyundai Motor Thailand Company Limited, Kia Motors Finance, Mazda Financial Services Limited, Suzuki Motor Thailand Company Limited, Volvo Financial Services, Tri Petch Isuzu Leasing Company Limited, Land Rover Financial Services, Mini Financial Services, Porsche Financial Services And Thai Rung Union Car Public Company Limited
Non-Banks:
Ayudhya Capital Services Company Limited, Ayudhya Capital Auto Lease Public Company Limited, Asia Sermkij Leasing Public Company Limited, Ngern Tid Lor Company Limited, Jmt Network Services, SGF Automotive, Thai Ace Capital, Aeon Thana Sinsap Public Company Limited, Summit Capital Leasing Company Limited, Nakonluang Capital Public Company Limited, J Money Company, G Capital Public Company Limited and Thiensurat Leasing Company Limited
Key Topics Covered in the Report:
Thailand Auto Finance Market Value Chain
Thailand Auto Finance Market Ecosystem
Thailand Auto Finance Market Overview
Thailand Auto Finance Market Size on the Basis of Credit Disbursed, 2013–2018
Thailand Auto Finance Market Size on the Basis of Auto Loan Outstanding, 2013-2018
Thailand Auto Finance Market Trends & Challenges
Thailand Auto Finance Market Segmentation by Type of Vehicles (Credit disbursed, and Auto Loan Outstanding)
Thailand Auto Finance Market Segmentation by New and Used Vehicles (Number of Vehicles Financed and Auto Loan Outstanding)
Thailand Auto Finance Market Segmentation by Type of Institutions (Auto Loan Outstanding)
Government Regulations in Thailand Auto Finance Market
Strengths of Major Players in Thailand Auto Finance Sector
Company Profile of Major Players in Thailand Auto Finance Sector
Future Outlook and Projections in Thailand Auto Finance Market (2019-2023)
Growth Opportunities in Thailand Auto Finance Market
Future Market Segmentation of Thailand Auto Finance Market
SWOT Analysis of Thailand Auto Finance Market
Analyst Recommendations
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Landscape of the Spirits in Netherlands Market Outlook: Ken Research

With the growing development in the technology of the product making and significant increase in the disposable income of the drinkers the spirit market in Netherland. Moreover, the wealthy lifestyle of the drinkers also lead the market growth more significantly in the Netherland. The focused key players of this market are dominating the highest market share by doing significant developments in the techniques of product making and accepting the attractive and profit making strategies and policies for developing the production of spirits for leading the fastest market growth during the expected period. Additionally, the producers are introducing the e-commerce platform for accounting the effective amount of share across the globe. As with the introduction of e-commerce platform the drinkers having the wide variety of product by which they can compare the liquor with the quality, price and quantity of the product. Furthermore, the key players or introducers of the product are also getting numerous benefits with this platform such as accomplishment on the rising demand for liquors and leading the fastest market growth more effectively in the coming years.

The market of this is fragmented with the unorganized and organized key players. Meanwhile, the organized key players are dominating the handsome amount of share whereas, the unorganized key players are functioning on the developments of the product’s packaging which further make the market more profitable for the existing key players or new investors. With the effective working of the unorganized key players the nature of this market is become more competitive which influenced the new investors and existing key players for making handsome amount of investment for getting the high return on investment. According to the report analysis, ‘Country Profile: Spirits in the Netherlands’ it is states that there are several key players which are presently functioning in this market more significantly for dominating the handsome amount of share by accomplishing the rising demand for spirits includes Bacardi Limited, Lucas BolsN.V., Diageo plc, Gedistilleerd en Wijn Groep Nederland B.V., Hartevelt & Son, J. J Melchers Wz Distillery, AF INTERNATIONAL CORP, William Grant & Sons Ltd., Diego Zamora S.A., LVMH Moet Hennessy - Louis Vuitton, Kirin Group, The Edrington Group Limited, Davide Campari-Milano S.p.A., J.H. Henkes Delftshaven, Pharus B.V., Sonnema Distillery and several others. Meanwhile, 'Bacardi Limited', 'Diageo plc' and 'Lucas BolsN.V.' are the leading market players in the dutch spirits sector.

Although, the key producers of this market are working on the distribution channels by folding up their sleeves whereas, the distribution channels includes hypermarkets & supermarkets, department stores, convenience stores, drugstores & pharmacies, food & drinks specialists, cash & carries and warehouse clubs, 'dollar stores', variety store & general merchandise retailers, vending machines, e-retailers, on-trade, and other general retailers. For instance, the per capita consumption of spirits was lower in the Netherlands compared to both global and regional levels in 2017. Not only has this, the key players of this market for dominating the handsome amount of share by doing effective developments in the packaging material while, the packaging material includes glass, rigid plastics, rigid metal and others. Therefore, in the near future, it is expected that the market of spirits in Netherland will increase more actively over the recent few years.

For more information, click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/profile-spirits-netherlands/156591-11.html

Related Reports
https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/profile-spirits-us/156604-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/profile-spirits-uk/156603-11.html

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Industry 4.0 to Bolster Global Industrial Robotic Software Market : Ken Research


According to the study “Global Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022”, all the global manufacturing facilities are aiming at reducing wastage of raw materials without compromising on the productivity. This trend has motivated the manufacturers to adopt sophisticated robotic softwares coupled with the continuous adoption of modern manufacturing techniques. All the industrial robot manufacturers are competing on parameters such as delivery, cost, quality, and reliability which contribute a significant growth towards the industrial robotic software market over the next few years.
A set of coded commands or instructions that are embedded within a robot to perform multiple and autonomous tasks is known as robotic software. Easy and efficient industrial robot programming helps manufacturing industries to maximize their productivity by saving time and money. Various robotic programming softwares are developed to provide quick and easy programming tools for multiple industrial applications. Robotic software architecture embedded within the industrial robots is an automated work cell which carries out assigned tasks quickly, repeatedly and with precision. Every industrial robot is equipped with robotic software that is technically advanced to perform functions such as reach, speed, payload, inertia, joint rotation and performance.
Geographically, the global market for industrial robotic software is spread across the Americas, Europe, Asia-Pacific, and the rest of world (RoW). North America, China, Japan, Germany, South Korea, and Mexico countries are deploying more number of robots with sophisticated robotic software due to industrialization. However, Asia-Pacific occupies the first place in deployment of robotic software solutions followed by Europe and North America. The major players in global industrial robotic software market are ABB, KUKA, Fanuc, Hypertherm Inc., Intelitek, Inc., Energid Technologies, RoboDK, Rethink Robotics, Universal Robots, Bionic Robotics GmbH and Robotnik Automation S.L.L. Global industrial robotic software market is categorized into collaborative robotic software and traditional robotic software by human-robot collaboration. The two major software types are on-site industrial robotic software and offline programming software. Original equipment manufacturer (OEM) software and third-party industrial robotic software are the major users of industrial robotics software. Huge investments are made in robotics R&D to improve technology, superior quality of robot construction, and more operational skills.
Evolution of Industry 4.0 and Industrial Internet of Things (IIoT) coupled with robotics has bolstered robot manufacturing companies to incorporate sophisticated robotic software to handle functions such as asset management, equipment, process efficiency optimization, and cost reduction. Cloud network is installed in various robots to record data flow from robots and external devices. Incorporating advanced robotic software helps in improving the robot's programming coupled with developing application-specific software that will propel the growth opportunities within global industrial robotic software market. It was estimated that there is an increasing investment in robotics software solutions and establishment of new manufacturing facilities in Asia-Pacific coupled with the increasing demand for automobiles, will drive the growth of the assembly line robots market in this region during the next few years.
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https://www.kenresearch.com/technology-and-telecom/it-and-ites/global-industrial-robotic/171733-105.html
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Vietnam Auto Finance Market Outlook to 2024: Ken Research



The report titled “Vietnam Auto Finance Market Outlook to 2024 - by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Light Commercial)” provides a comprehensive analysis of Vietnam’s Auto Finance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the market size of this industry by credit disbursed, auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, type of vehicles and type of institutions) and snapshot on general automotive space in Vietnam. Competitive landscape of major players including Toyota Financial Services Vietnam, Bank for Investment and Development of Vietnam, Sacom Bank, Vietnam International Bank, Saigon Hanoi Bank, Tien Phong Bank and HD Saison have been extensively covered mentioning company overview, major business strategies, USP, car finance delivered, products and services, market share, strengths, financials and various other parameters. Value chain analysis has been given prime importance covering role & nature of major entities along with mentioning the major vendor selection criteria and pain points. The report also covers future industry analysis (by credit disbursed and by auto loan outstanding), future market segmentation, SWOT analysis, growth opportunities, upcoming business models, government regulations and analyst recommendations.

Vietnam Auto Finance Market Executive Summary
Market Overview: Vietnam auto finance market has witnessed continuous growth since 2014 and has constituted approximately 6% of the overall South Asian auto finance market in 2018. The market compasses similar trends fairly in-line with domestic vehicle sales market, qualitatively & quantitatively with banks and non-banking financial institutions being the major operating entities in the space. The market is currently in its growth stage.

Market Size: Vietnam auto finance market has enlarged registering a CAGR of close to 27% during 2014-2018 in terms of total auto loan disbursed. The market size by number of new automobiles financed has increased at a CAGR of close to 26% (2014-2018) owing to consumer’s preference shift towards cars from motorbikes with mounting purchasing power. This increase can also be attributed to the rise of ride sharing services in the country and improvements in the financial infrastructure. The growth stagnated in 2017 due to customers waiting for the new 0% tax on imported cars which came into effect on January 1st, 2018. Growing consumer confidence index, constant prime lending rates, growing car sales have been the major push factors.

Market Segmentation
By Type of Vehicles: On the basis of credit disbursed for commercial vehicles registered a robust CAGR during 2014-2018. On the basis of auto loan outstanding, passenger vehicle recorded a CAGR above 36% while light commercial vehicles experienced a CAGR of above 16%. The continuous increase in demand for passenger vehicles can be attributed to the rising GDP per capita in Vietnam along with improvements in infrastructure, and the growth in social status from the ownership of a car.

By Type of Institutions: By auto loan outstanding, banks & subsidiaries have led the market in 2018 with their stable financial structures and high trust factor associated with the provision of their services. A very minimal proportion was captured by NBFIs. Captives and independent consumer finance companies in Vietnam also form part of this segment.

By Loan Tenure: On the basis of auto loan disbursed for passenger and light commercial vehicles, 5 year loan tenure has been the most popular one in 2018. This was followed by 4 year loan tenure and 3 year tenure respectively. Short term loans have been less popular hence 2 year and 1 year loan tenures have comprised of a very small share in the market.


Competitive Analysis

The market is moderately concentrated among top 5 institutions (VIB Bank, TP Bank, BIDV, Sacom Bank, Toyota Financial Services) in terms of auto loan outstanding. These entities control market trends owing to large customer loyalty & trust associated. The vast majority of auto financing occurs in banks although there is an increasing shift to non-banking financial institutions in recent years as they offer lower interest rates, quicker approvals and a simple documentation procedure. Consumer financing companies are expanding rapidly in Vietnam as witnessed in the recent times. There are around 16 consumer financing companies generally catering to the low income segment of the population. Prominent entities include Vietnam International Bank, Tien Phong Bank, Sacom Bank, Techcom Bank, Bank for Investment and Development of Vietnam, whereas the major non-banking financial institutions include FE Credit, Home Credit and HD Saison, Toyota Financial Services Vietnam.

Future Analysis and Projections
The credit disbursed in the Vietnam Auto Finance Market is projected to increase at a CAGR close to 17%. The major growth drivers include lower tax on imported vehicles, infrastructural improvement, a rising commercial vehicle segment, new catchment areas, continued dominance of motorbikes and the potential of consumer financing.

Hanoi and Ho Chi Minh City are expected to continue their dominance with increasing number of population shifting to these regions. VinFast, Vietnam’s first local auto manufacturer is establishing its new automobile & motorbike manufacturing complex in Hai Phong, which is anticipated to expand its economy and expand the market for car financing. Bien Hoa is expected to rapidly grow due to its close proximity to Ho Chi Min City and is experiencing rapid infrastructural improvements and economic growth, which is projected to bring in numerous auto financing companies. The tourism industry in Vietnam is booming and is projected to enhance the economy of coastal cities such as Da Nang and Nha Trang.

Key Segments Covered:-
By Type of Vehicles (Passenger Vehicles and Commercial Vehicles on the basis of Credit Disbursed and Auto Loan Outstanding)
By Type of Institutions (Banks & Subsidiaries and Non-Bank Financial Institutes on the Basis of Credit Disbursement)
By Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years, 5 and More years on the basis of Volume of Vehicles sold in 2018)

Key Target Audience:-
Existing Auto Finance Companies
Banks & Subsidiaries
Captive Finance Companies
Non Banking Financial Institutions
New Market Entrants
Automobile Financing Companies
Government Organizations
Investors
Automobile Associations
Automobile Original Equipment Manufacturer

Time Period Captured in the Report:-
Financial Year 2014-2018: Historical Period
Financial Year 2019-2024: Future Forecast

Key Target Audience:-
Existing Auto Finance Companies
New Market Entrants
Government bodies
Investors
Automobile Manufacturers
Automobile Associations
Auto parts Equipment Manufacturer

Companies Cited in the Report:-
Banks & Subsidiaries   
Tien Phong Bank
Vietcom Bank
Sacom Bank
Vietin Bank
Shinhan Bank Vietnam
Saigon Hanoi Bank
Techcom Bank
Vietnam International Bank
Bank for Investment and Development of Vietnam

Non-Banking Financial Institutions:-
BMW Financial Services
HD Saison Finance Company
Daimler Finance
Toyota Financial Services Vietnam Company Limited

Key Topics Covered in the Report:-
Vietnam Auto Finance Market Genesis
Vietnam Auto Finance Market Value Chain
Vietnam Auto Finance Market Ecosystem
Vietnam Auto Finance Market Overview
Vietnam Auto Finance Market Size on the Basis of Credit Disbursed, 2014–2018
Vietnam Auto Finance Market Size on the Basis of Auto Loan Outstanding, 2014–2018
Vietnam Auto Finance Market Growth Drivers & Challenges
Vietnam Auto Finance Market Segmentation by Type of Vehicles (Passenger and Commercial on the basis of Credit disbursed and Auto Loan Outstanding)
Vietnam Auto Finance Market Segmentation by Tenure of Loan (1-5 Years on the basis of Auto Loan Outstanding)
Vietnam Auto Finance Market Segmentation by Type of Institutions (Banks and Non-Banks on the basis of Auto Loan Outstanding)
Government Regulations in Vietnam Auto Finance Market
Strengths and Weaknesses of Major Players in Vietnam Auto Finance Sector
Company Profile of Major Players in Vietnam Auto Finance Sector
Future Outlook and Projections in Vietnam Auto Finance Market (2019-2024)
Growth Opportunities in Vietnam Auto Finance Market
Future Market Segmentation of Vietnam Auto Finance Market
SWOT Analysis of Vietnam Auto Finance Market
Analyst Recommendations

To know more, click on the link below:-
Vietnam Auto Finance Market

Related Reports By Ken Research:-
Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions - Outlook to 2021

Saudi Arabia Car Finance Market Outlook to 2021 - Rising Used Car Demand and Increasing Focus of Banks on Consumer Finance to Stabilize the Market Growth

Egypt Car Finance Market Outlook to 2021 - Stringent to Introduce Innovative Measures to Determine the Credit Worthiness

India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period

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Ken Research
Ankur Gupta, Head Marketing & Communications
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Changing Dynamics Of The Global Advanced Driver Assistance System Market Outlook: Ken Research

Global ADAS Market
The global market of advanced driver assistance system (ADAS) has grown more actively with the effective and attractive developments in the technology. Whereas, ADAS are systems that enable, eliminate and complement the driver of a respective vehicle. These systems enable the drivers to sidestep the accidents and collisions. In addition, it is a combination of effective systems which utilized in the vehicles to deliver intelligent and comfortable driving observations. They utilize radar and cameras to assist the drivers by serving information related to real-time regarding the environment. Not only has this, but ADAS is also leading the way for autonomous vehicles. Such systems are the underpinning of next-generation automotive electronic protection systems and autonomous cars. The key players of this market are playing an important role across the globe more significantly for dominating the huge market share which becomes beneficial for leading the fastest market growth more actively during the forecasted period.
According to the report analysis, ‘Global Advanced Driver Assistance System (ADAS) Market (2018-2023)’ states that there are several key players which are recently functioning in this market more significantly for attaining the huge market share across the globe by analyzing the strategies, policies and legal guidelines for ruling across the globe more smoothly includes Continental AG,Autoliv Inc., Delphi Technologies, Denso Corporation, Bosch, Magna International, BMW AG, Ford Motor Company, Aisin Seiko Co., Mobileye and several others. Whereas, with the effective working of the market key players across the globe make the nature of this market more competitive which enforced the other competitors for investing in the research and development programs which further increase the demand for this from the aspects of the market and economy. In addition, the market of ADAS is divided into the three sectors based on the vehicles, components, and sensors.
On the basis of the vehicle, the market of ADAS is further divided into commercial vehicles, passengers. On the other hand, sensors segmented into the image, radar, lidar and other sensors (ultrasonic, infrared and laser sensors). Moreover, on the basis of components, the market of this is further categorized into adaptive cruise control (ACC), parking assistance (PA), lane departure warning (LDW), tire pressure monitoring (TPM), blind spot detection (BSD), autonomous emergency braking (AEB) and others (adaptive front lighting, drowsiness monitor, forward collision warning, head-up display and driver monitoring systems).
For instance, the growth of the ADAS market is recently hampered by the rising occurrence of software disappointments in sensors coupled with the great cost of these systems that have represented as foremost restraining factors for the extensive appropriateness of these systems. However, the growing government creativities for mandating driver assistance system in the mandate to inferior road accidents are predictable to proliferate market growth. Developed adoption of these systems in small cars is predicted to further boost the market demand more significantly. Hence, the market of advanced driver assistance system will rise more effectively across the globe over the recent few years with the significant investment by the new investors.
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Location: India

Dynamic Landscape Of Market Research Reports For Used Vehicles : Ken Research


According to the Market Research Reports For Used Vehicles, it is stated that there are several key players which are recently functioning in this market more actively for dominating highest market share across the globe by adding extra services such as expansion of the warranty and several others. Moreover, demand for such types of vehicles has seen a constant growth over the recent past years, frequently from models like Aviator, Bajaj Pulsar and several others. Furthermore, the key players cater to a wide consumer base and has split its market on the basis of income and age group. The buying behavior in the respected regions has observed frequent changes over the forecasted period mainly because of a reduction in the ownership period of two wheelers by the owners.
Individuals majorly in rural or smaller cities who wish to buy their own vehicle begin with buying a second hand two-wheeler to get hold of it. Therefore, it is forecasted that Sale Of Used Vehicles In Revenue in the near future will pursue to rise over the recent few years as used vehicles are much cheaper to buy than a new one.
The history of used vehicles was not so developed and innovated but in the present era, the market key players are doing effective working by doing more developments in the technology of used vehicles. Moreover, for dominating the highest share in the market the key players are establishing the e-commerce platform by which they can serve across the globe. Increase in the fuel prices is one of the principal growth drivers for two-wheelers due to their fuel productivity. Whereas, in India, commuters diagonally all age groups use motorized vehicles, chiefly two wheelers owing to the escalating populace and significant growth in the traffic congestion, thus generating two wheelers as the most prominent and appropriate mode of transportation in the developed regions. Moreover, the key players are playing effective role in the market by doing more development in the technologies of used vehicles for acquiring the huge market share across the globe which further advantageous for leading the market growth in the coming years in a more auspicious manner.
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https://www.kenresearch.com/tag/automotive-transportation-and-warehousing/used-vehicles/160.html
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Need for Sophisticated Operations to Propel Global Logistics Robots Market : Ken Research


According to the study “Global Logistics Robots Market 2016-2022 by System Component, Operation Environment, Application, Product Type, and by Geography”, logistics industry is huge and operates different processes such as warehousing, ordering, transportation, picking, packing, disposal, delivery, inventory, merge in transit, routing, recycling, expediting, and many more operations. Logistics robots are deployed to handle one or more of these processes. Collaborative robots or cobots are used for tasks like co-packing where humans and robots work in the same areas on different steps in the packing process. Geographically, the logistics robots market is spread across Asia-Pacific, Europe, North America, Latin America, and rest of the world. Asia Pacific region deploys more number of logistic robots due to shortage of human labour and tremendous growth in e-commerce industry. Logistics robots market is expanding into new territories, with small- and medium-sized industries adopting automation with the deployment of robots. Logistic robotic solutions are manufactured with small-capacity and cost-effectiveness with advanced robotic software.
Globalization has motivated almost all the industries around the world to adopt various types of robots, owing to the rising advantages of smart factory systems. Logistics robots deployed within the industries automate the process of storing and moving goods within the supply chain. These robots organize and transport products more efficiently than manual labour, leading to more productivity and profitability. Global logistic robots market is experiencing more demand over the past decade due to multi tasking capabilities. The increasing awareness of (IIoT) Industrial Internet of Things and huge investments in robotics research are the key factors contributing for the success of logistics robots market. Globalization and industrial revolution has increased the demand for automation in manufacturing industries coupled with the adoption of robotic technologies for more sophisticated products. Advanced technologies such as modular robotics, nano-robotics, and cloud robotics are affordable, small, compact, and energy efficient robotics solutions that are in huge demand.
The global logistics robots market is categorized based on the component, operation environment, product type, and applications. The component category is classified into hardware and software. The operation environment category is classified into warehouse, outdoor, factory, and others applications. Logistics robots market is again divided into robotic arms, unmanned aerial vehicles (UAVs), and unmanned ground vehicles (UGVs). Based on application, logistics robots market includes pick & place, loading & unloading, packaging & co-packing, shipment & delivery, and others functions. The leading players within the global logistics robots market are ABB, KUKA, Fanuc, Yaskawa Motoman, Fetch Robotics, Amazon Robotics, Kawasaki Robotics, Adept Technology, Apex, Denso Wave Inc., Epson Robotics, Honda, Mitsubishi, Nachi, Rethink Robotics, Universal Robots, Pari, TM, Staubli International AG, Yamaha, Daifuku, BluePrint Automation BPA, IMA Industries, Pro Mach, Gebo Cermex, MSK Covertech and Panasonic.
Modernization, industrialization, global economy are the major factors affecting the logistics robots market because all the manufacturing facilities adopting more robotics solutions to withstand competition. Robotics technology has transformed all the supply chain operations to operate faster, safer, and more productive. Matured robotic solutions are deployed for optimization of logistics processes that helps in creating a tipping point within warehouses and logistics operations.
Over the past few years, deployment of logistics robots to handle storage and distribution industry was relatively very low. However, with the advent of Industry 4.0, logistics robots are now an essential part of this complex industry. Logistics robots are being trained into automated aerial delivery (drone delivery), mobile parcel stations, automated sorting, and robot-assisted 2-man handling. With the advent of newer technologies the last-mile robotic delivery will soon become a reality followed by other application technologies already listed. Logistics robots technology is adopted slowly but surely in cautious and well-considered stages for more sophisticated operations over the next few years.
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