Philippines Electric Power Tools Market will be Driven by the Rising Construction Activities along with Increase in the Number of Infrastructure Projects: Ken Research

“Growth in the construction industry, expansion in online sales as a channel of distribution and the increasing trend of Do-it-yourself in the country has driven the growth of electric power tools market in Philippines”.

The report titled “Philippines Electric Power Tools Market Outlook to 2023 - By Product (Grinders, Drills, Saws, Hammers and others), By Application (Construction, Manufacturing and others), By Price Category (Premium, Medium, Low), By Distribution Channel (Direct Sales, Dealer & Retailers Sales and Online Sales), By Region, By Corded or Cordless Tools” by Ken Research suggested that the electric power tools market in Philippines is at its early growth stage and has been growing due to the rising number of infrastructure projects in the country. The market is expected to grow with a positive CAGR of 20.0% in terms of revenue during the forecasted period 2018-2023E.

The Construction sector is the primary end consumer of the Electric Power Tools: The Electric Power Tools constitutes 80% of the Philippines Power Tools Market.

Construction sector contributed the highest revenue share to the overall power tools industry in Philippines in the year 2018 driven on the back of the newly industrialized economy that focuses on infrastructure development in the country.

Shortage of affordable and skilled manpower has driven the electric power tools market in Philippines: Lack of affordable manpower has propelled small and medium scale manufacturing companies to increasingly rely upon automation as electric power tools help them decrease the quantum of manpower requirement and improve the efficiency for the same task.

Lack of Service Stations: Lack of manufacturing stations in Power Tools Sector in Philippines leads to poor after sales services to the customers.  As a consequence of this, customers opt to re-purchase rather than repair these tools since repairing is costlier. This also leads to lower consumer awareness on usage and handling of electric power tool, thereby not improving the power tool sector in Philippines.

Increase in Government projects to boost economy has impacted the electric power tools market: Various government funded infrastructure projects under the “built built built” program and other policy initiatives such as the “zero to 10-point agenda” have increased the demand for electric power tools.

Keywords:-

Asia Power Tools Market

Asia Electric Power Tools Market

Philippines Power Tools Market

Philippines Electric Power Tools Market

Power Tools Sales Philippines

Corded Electric Power Tools Philippines

Cordless Electric Power Tools Philippines

Power Tools Manufacturer Philippines

Philippines Construction Projects

Cordless Power Tools Philippines

Power Tool Dealers Philippines

Philippines Electric Hammers Market

Direct Sales Power Tools Philippines

Makita Market Share Power Tools Philippines

Power Tool Retailer Philippines

DIY Power Tool Market Philippines

Key Segments Covered:-

By Application

Construction Industry

Manufacturing Industry

Others

By Price Category

Premium Category

Medium Category

Low Category

By Product Type

Grinders

Drills

Saws

Hammers

Others

By Distribution Channel

Direct Sales

Dealer and Retailer sales

Online Sales

By Region

Luzon

Visayas

Mindanao

By Corded or Cordless Tools

Corded Tools

Cordless Tools

By Portable and Stationary Tools

Portable Tools

Stationary Tools

Key Target Audience:-

Authorized Distributors and Dealers

Real Estate Construction Companies

Manufacturing companies

Automobile companies

Power Tools Sector

Time Period Captured in the Report:-

Historical Period: 2012-2018

Forecast Period: 2018-2023E

Companies Covered:-

Makita

Hilti

Bosch

Stanley Black & Decker and Dewalt

For more information, refer to below link:-

Philippines Electric Power Tools Market

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Indonesia Power Tools Market Outlook to 2023 - By Type Of Technology (Electric Power Tools, Pneumatic Power Tools And Hydraulic Power Tools); By Channel Of Distribution (Dealer Network, Direct Sales And Online Sales) And By Region (Java, Sumatra, Kalimantan, Sulawesi And Others)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Landscape Of The Global Clinical Laboratory Services Market Outlook: Ken Research

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According to the report analysis, ‘GLOBAL CLINICAL LABORATORY SERVICES MARKET SIZE STUDY, BY TYPE (CLINICAL CHEMISTRY, MEDICAL MICROBIOLOGY & CYTOLOGY, HUMAN & TUMOR GENETICS, OTHER ESOTERIC TESTS), BY APPLICATION (HOSPITAL-BASED LABORATORIES, CLINICAL-BASED LABORATORIES, STAND-ALONE LABORATORIES, OTHERS) AND REGIONAL FORECASTS 2018-2025’ states that there are several key players which are recently performing in this market more actively for registering an effective market growth and acquiring the highest market share across the globe more positively during the new future after adopting the developed technology for examine the disease and treating accordingly which further develop the ultimatum and generate the high amount of revenue more effectively includes Mayo medical Laboratories, LabCorp, Quest Diagnostics, Spectra Laboratories, Davita Healthcare Partners, Eurofins Scientific, Unilabs, Synlab International, Bio-Reference Laboratories, Sonic healthcare, Clinical Reference Laboratory, ACM Medical Laboratory, Adicon Clinical laboratory, Cerrba Healthcare, Amedes Holding and several others. Moreover, many of the key playes of this market are investing the huge amount of money for delivering the effective services while setting up the new and innovated technologies in the premises which further lead the market growth more significantly in the near future.

The Clinical Laboratory Services are the examinations or tests on specimens from the body that are utilization to diagnose and cure patients. It supports professionals to begin an adjusting and a course of cure which would be consisted in the nonappearance of clinical laboratory facilities. It comforts and deliver the correct and accurate test results that allow the physicians to make right therapeutic and diagnostic conclusion through the several level of healthcare resources. Moreover, the players of this market are working more actively for delivering the better services and providing the high level of consumer satisfaction while, many of the players are introducing new and innovated technologies for doing test before the treatment of any individual which further increase the demand and become beneficial for leading the fastest market growth with the highest value of market share around the globe during the forecasted period.

Global Clinical Laboratory Services Market valued approximately USD 114 billion in 2017 is expected to increase with a healthy growth rate of more than 5.22% over the forecast period of 2018-2025. Whereas, on the basis of region, the market of this is spread across the globe which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, the North America region is the leading/significant region around the world in terms of market share due to the technological advancements and high consciousness medical standards. Europe also underwrites a satisfactory growth in the clinical consumption market across the globe. Nevertheless, the Asia Pacific also anticipated to exhibit extreme growth rate / CAGR over the forecast period 2018-2025 due to increasing awareness, increased government initiatives and positive regulatory policies.

Additionally, the major driving aspects of the global Clinical Laboratory Services market are growing prevalence of infectious diseases and increasing the demand for early and precise disease diagnosis. In addition, there has been unremitting progress in a few compounds screened in clinical setting which further need development in this field. Therefore, in the near future, it is expected that the market of clinical laboratory services will increase around the globe more positively over the near years.

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

Global Clinical Laboratory Services Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Indonesia Used Two Wheeler Market is Driven by Decline in the Commission Margins Charged by Dealers coupled with Increase in Online Listing of Two Wheelers: Ken Research

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“Competition within Indonesia Used Two Wheeler Market was observed to be highly fragmented thereby leading to dealers lowering their margins, which along with the rising fuel prices has contributed to the spurring demand for used two-wheelers in the country.”

Decreasing Margins of Dealers: In Indonesia, due to increasing competition in the used two-wheelers market, dealers are decreasing the margins charged by them as a commission on the sale of a used two-wheeler to attract more customers. This effectively lowers the price of used two-wheelers in the market, leading to increased sales of the used two-wheelers in the country. In 2018, the average margin charged by a dealer in Indonesia is approximately 11.5% which has declined at a negative CAGR of 4.3% during the period 2012-2018.

Average Replacement Age: In Indonesia, it has been observed that the average replacement age of a scooter is 2-3 years, whereas an average replacement age of motorcycle is 3-4 years as of 2018.

No Registration Legally Required During Resale: The Indonesian Government has not made it compulsory to change the name registered to a two-wheeler upon resale. Due to this relaxation, very few people choose to go through the legal formalities while purchasing a used two-wheeler. As there are no legal hassles while purchasing a used two-wheeler, it becomes a fast and cheap process, making it more lucrative than purchasing a new vehicle.

Rising Fuel Prices: Fuel prices have been observed to periodically be hiked by the government in recent times. These increased fuel prices have further lead to higher operating costs of two-wheelers and to incur this increased expenditure, the price-sensitive population of Indonesia chooses to purchase cheaper used two-wheelers rather than new two-wheelers to save money during the purchase of a vehicle.

The report titled, “Indonesia Used Two Wheelers (Motorcycles and Scooters) Market Outlook to 2023 - by Stock Piece and Customized, by Region, by Manufacturer of Two Wheeler (Honda, Yamaha, Suzuki, Kawasaki, and others), by Kilometres Driven, by Source of Sales (Friends & Family and Dealers) and by Make” by Ken Research suggested that the used two-wheelers market in Indonesia has been growing due to rising fuel prices, decreasing margins charged by dealers, and high traffic congestion. The market is expected to register a positive CAGR of 8.2% in terms of sales volume during the forecast period 2018-2023E.

Key Segments Covered:-

By Type of Two Wheelers

Motorcycles

Scooters

By Stock Piece and Customized Two Wheeler

Stock Piece

Customized Two Wheeler

By Region

DKI Jakarta

West Java

Banten

Yogyakarta

Central Java

East Java

North Sumatra

Bali

Others

By Manufacturer of Two Wheelers

Honda

Yamaha

Suzuki

Kawasaki

Piaggio

Bajaj

Others

By Kilometers Driven

0 – 10,000

10,000 – 20,000

20,000 – 30,000

30,000 – 40,000

40,000 – 50,000

50,000 – 60,000

60,000 – 70,000

More than 70,000 KM

Business Model

Friends and Family

Dealers

By Year of Manufacture

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

Before 2009

Key Target Audience

Automobile Companies

Two Wheeler Companies

Online Classifieds

Time Period Captured in the Report:-

Historical Period: 2012-2018

Future Forecast: 2019-2023

Major Companies Covered:-

OLX Indonesia

Mobil123

Carmudi

Keywords-

Used Two Wheelers Businesses in Indonesia

Indonesia Used Two Wheelers Mileage

Competition Auto Classified Used Two Wheeler

Recommendations Indonesia Used Two Wheelers

Used Two Wheelers Market Indonesia

SWOT Analysis of Indonesia used Two Wheeler Market

Indonesia Used Two Wheelers Market Value

Used Bike Market in Indonesia

Second-hand bikes & Scooters in Indonesia

Indonesia Used Two wheelers Vehicle Registration

Indonesia Used Scooters Market

Indonesia Motor Vehicle Regulations

Indonesia Two Wheeler Industry

Indonesia Two Wheeler Market

Online Classifieds Indonesia

Two Wheeler Industry Indonesia

Two Wheeler Industry in Indonesia

Two Wheeler Market in Indonesia

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

Indonesia Used Two Wheelers (Motorcycles and Scooters) Market

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India Used Two Wheelers Market Outlook to 2023 – By Unorganized And Organized Sector, By C2C and B2C Distribution Channel, By Stock Piece And Customized Two Wheelers; By Motorcycles And Scooters

Russia Used Car Market Outlook to 2022 - By Type of Car (Sedans, Crossovers and SUVs, Hatchbacks and Others Include Micro Vans and MPVs) by Car Age, by Distribution Channels (Dealers and Online)

China Used Vehicle Market Outlook to 2022 - by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles, and Low-Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Philippines Electric Power Tools Market Outlook to 2023: Ken Research

The report titled “Philippines Electric Power Tools Market Outlook to 2023 - By Product (Grinders, Drills, Saws, Hammers and others), By Application (Construction, Manufacturing and others), By Price Category (Premium, Medium, Low), By Distribution Channel (Direct Sales, Dealer & Retailers Sales and Online Sales), By Region, By Corded or Cordless Tools” provides a comprehensive analysis on the Power Tools Market of Philippines. The report covers various aspects including introduction to Electric Power Tools Market, Value Chain Analysis, market segmentation, decision making parameters, porter five analysis, competitive landscape, major players and trends and developments.  The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Size

Philippines Electric Power Tools market is an import driven market which is at its early growth stage. Power Tools market in terms of revenue has increased at a positive CAGR during the period 2012-2018. This growth was facilitated by the growing economy of the country, especially the construction industry along with rising demand from industrial and residential sector in the country. The electric power tools have a significant share in the overall power tools market in Philippines.

The customers in the market are price sensitive and lack awareness about the importance of power tools which has resulted in low penetration in the market. Electric Power Tools are used by both local manufacturers and construction companies in the country. However, people prefer purchasing from established players when compared to local manufacturers due to trust in quality of products and their existing brand image. Hence, the established players have majority share in the power tools market.

Philippines Electric Power Tools Market Segmentation

By Application (Construction, Manufacturing and Others): Construction market that includes residential, farm, industrial, commercial, buildings, highways, streets and so forth dominated the power tools market in Philippines in terms of generating revenue in the year 2018.  The evolving economy demanding for huge infrastructure development along with the government aided projects to develop the country’s infrastructure owe to huge demand for Power Tools. On the other hand, manufacturing sector, small workshops, DIY enthusiasts, carpenters and other related jobs comparatively demanded for fewer tools due to the absence of entrepreneurial dynamism and awareness in the country.

By Product Category (Premium, Medium and Low): Medium priced tools contributed a major share in terms of generating revenues for the industry in 2018. Medium Priced Tools are largely demanded by construction companies due to affordability and pricing of the tools; whereas premium priced products serving huge construction companies and low priced products catering to residential users and small repair shops accounted for the remaining share in the overall market revenue as of 2018.

By Product (Grinders, Drills, Saws, Hammers and Others): Grinders contributed majority of the revenue share in the overall electric power tools market in Philippines in the year 2018. This was followed by contribution from drills, saws, hammers, breakers, electric screwdrivers, routers and others.

By Distribution Channel (Direct Sales, Dealers and Retailer Sales and Online Sales): Distribution and Sales through Dealer and Retailers led overall revenue of the Power Tools Market in Philippines. Sales were mostly facilitated through this channel due to easy availability of tools and better reach to the end users. Huge construction companies have fixed dealers to facilitate their periodic purchasing that is a part of direct sales. On the other hand, online sales accounted a small share in the overall market due to lack of awareness and poor internet services in the country.

By Region (Luzon, Visayas and Mindanao): Philippines is majorly divided into 3 regions- Luzon, Visayas and Mindanao with Luzon accounting to maximum revenue from sales of tools in 2018 because of leading distributors residing in the area.

By Portable and Stationary Tools: Innovation of Lithium-ion batteries and mobility of power tools lead to increased demand for Portable Tools occupying majority of the market share as of 2018. On the other hand, lack of proper manufacturing stations and high cost of power tools were key reasons for reduced market share by stationary tools.

Competitive Landscape

The Electric Power Tools Market in Philippines is highly concentrated. Makita is the market leader and has the highest market share on the basis of revenue in 2018. This was followed by Hilti, Bosch, Stanley Black & Decker and Dewalt and Others. These players compete in the Power Tools market in Philippines on the basis of price, availability, after sales service and brand image.

Philippines Electric Power Tools Market Future Outlook

In future, it is anticipated that Philippines Electric Power Tools market in terms of revenue will increase at a positive CAGR during the period 2018–2023E. Technological advancements such as Artificial Intelligence and Machine Learning will lead to manufacturing of tools that are easy to operate and safer to handle which will boost the usage of Electric Power Tools. Rising trend of DIY amongst residential users and improved internet connectivity in the country will also boost demand for power tools.  It is expected that the demand for cordless tools will be further augmented due to increasing customer awareness on ease of handing, improved efficiency and internet penetration in the country. It is also expected that the emergence of local manufacturing firms will lead to augmented revenue from sales of Power Tools to manufacturing firms.

Key Segments Covered:-

By Application

Construction Industry

Manufacturing Industry

Others

By Price Category

Premium Category

Medium Category

Low Category

By Product Type

Grinders

Drills

Saws

Hammers

Others

By Distribution Channel

Direct Sales

Dealer and Retailer sales

Online Sales

By Region

Luzon

Visayas

Mindanao

By Corded or Cordless Tools

Corded Tools

Cordless Tools

By Portable and Stationary Tools

Portable Tools

Stationary Tools

Key Target Audience:-

Authorized Distributors and Dealers

Real Estate Construction Companies

Manufacturing companies

Automobile companies

Power Tools Sector

Time Period Captured in the Report:-

Historical Period: 2012-2018

Forecast Period: 2018-2023E

Companies Covered:-

Makita

Hilti

Bosch

Stanley Black & Decker and Dewalt

Key Topics Covered in the Report:-

Executive Summary

Research Methodology

Value Chain Analysis

Electric Power Tools Market, 2013-2018

Electric Power Tools Market Segmentation, 2018

Decision Making Parameters

Porter Five Force Analysis

Competition Landscape

Company Profiling

Competitive Landscape

Market Share of Major Companies

Trends and Developments

Trade Scenario of Power Tools

Electric Power Tools Market Future Outlook, 2018-2023

Future Segmentation of Electric Power Tools Market, 2023E

Analyst Recommendations

For more information, refer to below link:-

Philippines Electric Power Tools Market

Related Reports:-

Global DIY Power Tools Market Status And Future Forecast 2015-2024

Global Grinding Power Tools Market Study 2015-2025, By Segment (Vibratory Grinding Machine, Sandblasting Machine, Others), By Market (Pharmaceutical, Automotive, Metal), By Company (Bosch, Stanley Black & Decker, Makita)

Indonesia Power Tools Market Outlook to 2023 - By Type Of Technology (Electric Power Tools, Pneumatic Power Tools And Hydraulic Power Tools); By Channel Of Distribution (Dealer Network, Direct Sales And Online Sales) And By Region (Java, Sumatra, Kalimantan, Sulawesi And Others)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249