Saudi Arabia Lubricants Market Outlook to 2023: Ken Research

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The report titled “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial Lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor Oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” covers market overview, trade scenario, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size

Saudi Arabia Lubricant market is at the maturity stage. Saudi Arabia Lubricants Market in terms of revenue has increased at a positive CAGR during the period 2008-2014, but due to the Oil slump in the year 2014-15, the growth of the market slowed down, hence the market is experiencing a negative growth during the period 2014-2018. Economies such as China, Brazil, Russia and India whose rapid growth and expansion created an unquenchable thirst for oil initially, began to slow after 2010. USA and Canada started exporting oil due to high oil prices, cut their oil imports, which further increased the supply of oil.

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Saudi Arabia's continued to supply crude oil after the fall of Oil prices in 2014 in a bid to maintain its market share with the rest of the world. The customers in the market highly price sensitive and lack of awareness about the advantages of synthetic-based lubricants over mineral-based lubricants leading to mineral oils having a higher market share. Saudi Arabia is dependent on import for Specialty lubricants and other preparatory raw materials as they constitute a niche share in the total lubricant market. The domestic demand is majorly fulfilled by global companies which produce the lubricants in the country.

Saudi Arabia Lubricant Market Segmentation:-

By Mineral, Synthetic and Semi-Synthetic

Mineral lubricants dominated the market of Saudi Arabia lubricant market in terms of domestic sales volume in the year 2018. The availability of crude oil at reasonable prices has amplified the demand for these lubricants in the country. On the other hand, Synthetic and Semi-Synthetic lubricants accounted for the remaining domestic sales volume share in the lubricant market.

Automotive Lubricants:-

By Application Type

In Automotive lubricants, Passenger Car Motor Oils had the highest market share followed by Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission and Greases in 2018.

By End User

The Increase in the number of passenger vehicles over the years accounted for a major share in the lubricants market followed by commercial vehicle lubricants and Marine & Aviation segments.

By Distribution Channel

The puncture shops located close to gas stations and are more in numbers than OEMs,  which accounted to the most market share in terms of domestic retail sales volume in million liters followed by company owned-company operated outlets, Auto OEM’s and others(wholesalers, retailers, and OEM service centers) in 2018.

Industrial Lubricants:-

By Application Type

In industrial Lubricants, the Engine oil dominated the market in terms of domestic sales volumes as engine oils are widely used in vehicles such as trucks, lorries, cranes and other industrial equipment. The turbine oils, Hydraulic oils industrial Gear Oils, Transformer Oils, Compressor Oils, Greases and others (specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils, and process oils) followed the rest of the market share in 2018.

By End Users

The construction and heavy transport/Fleet contributed to the highest domestic sales volume share in Saudi Arabia in the year 2018. This was followed by the market share contribution from Power generation sector, Manufacturing sector and others (agriculture, mining, petrochemicals, and others). The construction sector was largely driven by Saudi Arabia expansion program of non-oil sectors in Saudi Arabia Vision 2030.

By Distribution Channel

The Saudi Arabia Lubricant market in 2018 gained most of its sales through direct sales as per approval of OEM’s. The major reason is that companies do not prefer dealer networks due to their irregular payment nature.

Competitive Landscape

The Saudi Arabia Lubricant market is highly concentrated. Petromin Corporation is the market leader and has the largest market share on the basis of both domestic sales revenue and domestic production in 2018. This was followed by Shell (JOSLOC), Alhamrani-Fuchs Petroleum Saudi Arabia, Mobil (Delta Group), Castrol (Alkhorayef), Total and others. In order to gain market share, companies are partnering with major local distributors, partnering with cab and car rental services and opening a chain of service and express lube services.

Saudi Arabia Lubricant Market Future Outlook

In the future, it is anticipated the Saudi Arabian Lubricant market in terms of revenue will increase at a positive CAGR during the period 2018-2023. In Saudi Arabia, it is also expected that the demand for both Synthetic and Semi-Synthetic Lubricants will be further augmented largely due to increasing awareness of their advantages over mineral lubricants. Moreover, the increase in demand for both automotive and industrial lubricants will be observed due to the increase in sales of vehicles and industrial activity to support the Saudi Arabia Vision 2030.

Key Segments Covered:-

By Origin

Mineral

Synthetic

Semi-Synthetic

By Type of Lubricant

Automotive

Industrial

By Type of Automotive Lubricant

Passenger Car Motor Oils

Heavy Duty Diesel Engine Oils

Hydraulic Oils

Gear Oils & Transmission Fluids

Greases

By Automotive Type, End User

Passenger Vehicles

Commercial Vehicles

Marine and Aviation

Segmentation of Automotive Lubricant, By Distribution Channel

Puncture Shops

Company Owned-Operated Outlets

Auto OEM’s

Others: include wholesalers, retailers, and OEM service centers.

Segmentation of Industrial Lubricants, By Type

Engine Oils

Turbine Oils

Hydraulic Oils

Industrial Gear Oils

Transformer Oils

Compressor Oils

Greases

Others: Include specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils and process oils.

Segmentation of Industrial Lubricants, By End User

Construction and Heavy Transport/Fleet

Power generation

Manufacturing

Segmentation of Industrial Lubricants, By Distribution Channel

Direct Sales as per Approval of OEMs

Dealer Networks

Key Target Audience:-

Automobile Manufacturers

Plastic Manufacturers

Metal Working Companies

Auto and Auto Component Manufacturers

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Food & Beverage Companies

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023

Companies Covered:-

Petromin Corporation

Shell (JOSLOC)

Castrol

Alhamrani-Fuchs Petroleum Saudi Arabia

Mobil (Delta Group)

Total

Petronas (Unified Lubricants Company)

Chevron Al Bakri Lubricants Company

Raf Oil Industries

Gulf Oil Middle East Limited

Chevron AlBakri Lubricants Company (Caltex)

Haji Abdullah Alireza & Co. Ltd

United Lube Oil Company. (UNILUBE)

Amsoil

Arabian Plant for Lubricants and Greases (APLG)

United Lube Oil Company. (UNILUBE)

Yanbu United Industrial Services

Saudi Oil Company

Key Topics Covered in the Report:-

Executive Summary

Research Methodology

Value Chain Analysis

Market Overview and Genesis

Market Size, 2013-2018

Market Segmentation

Competitive Scenario

Company Profiles of Major Players

Best Selling Products

SWOT Analysis

Trends and Developments

Issues and Challenges

Trade Scenario

Regulatory Framework

Future Market Outlook and Projections, 2018-2023E

Future Market Segmentation

Analyst Recommendations

For More Information On The Research Report, Refer To Below Link:-

Saudi Arabia Lubricants Market Outlook to 2023

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Nigeria Lubricants Market Outlook to 2022

Landscape of the Global Cloud Based Office Productivity Software Market Outlook: Ken Research

The cloud-based office productivity software is a type of program or applications which creates the day-to-day work task calmer for the human body or the end users. The cloud-based office productivity software could deliver the sufficient number of applications to the end users which involves the graphics software, spreadsheet applications, database management systems and word processors. Not only has this, there are several advantages of cloud-based office productivity software such as it has similar look and feel as office on a desktop, it has aptitude to admittance it from any computer, the foremost benefit is never having to update, install or control the software and it safeguards you can share the document with others effortlessly & efficiently. Furthermore, the players of this market are doing significant developments in the technology for delivering the better consumer satisfaction and decrease the effort of a human body and ensure the work efficiency which further increase the demand and lead the market growth more positively in the coming years across the globe.

According to the report analysis, ‘Global Cloud Based Office Productivity Software Market Size study, by Type (Usage Tracking, Advanced Reporting, License management, Others), by Application (BFSI, Telecommunication, Manufacturing, Media & Entertainment, Transportation, Retail, Others) and Regional Forecasts 2018-2025’ states that there are several key players which are recently functioning in this sector more actively for registering the highest market growth and dominating the handsome value of market share with the effective improvement in the technology and techniques of doing work which further become beneficial for increasing the demand of such includes Google, IBM Corporation, Amazon, Microsoft corporation, Oracle, Novell, Progress software, Layered Technologies, Redhat, Rackspace, True Tamper and several others. Moreover, the players of this market are adopting the effective strategies and policies of product an effective productivity with the great efficiency for generating the high amount of revenue. This also become profitable for leading the fastest market growth during the forecasted period more effectively.

Additionally, the global market of cloud based office productivity is segmented into different sector which majorly includes type, application and region. Whereas, on the basis of type, the market is further segmented into usage tracking, advanced reporting, license management and several others while, basis of the application, the market is split into BFSI, telecommunication, manufacturing, media and entertainment, transportation, retail and several others. Nevertheless, on the basis of region, the market is spread across the globe such as Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, it is anticipated that the North America region is contributing hardly in the global market growth of cloud based office productivity. However, the developing regions such as India and China are showcased their efforts for increasing the market growth across the globe in the near future.

Although, the cloud-based office productivity software market is increasing at a significant pace. The foremost driving factor of global Cloud Based Office Productivity Software market are growing adoption of cloud-based subscription and advancements in business intelligence & data analytics. Therefore, in the near future, it is anticipated that the market of cloud based office productivity will increase across the globe more effectively over the reviewed period.

For more information, click on the link below:

https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/cloud-based-office/175195-105.html

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

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Landscape Of The Global Financial Risk Management Software Market Outlook: Ken Research

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The Financial Risk Management software is an instrument that support in analyzing, managing and evaluating the several financial perils associated to the business such as credit risk and market risk, operational risk, shape risk, foreign exchange risk, liquidity risk, volatility risk, business risk, inflation risk, business risk, sector risk, reputational risk and several others. Moreover, this involves the source, measurement of risk exposure and plans to alleviate the risk. Financial risk management software supports creating dividend announcements and financial statements appropriate and reliable. It delivers numerous solutions for risk modification. It foretells the credit risks more precisely which is equivalent to better business decisions. It also assists in getting data in real time to alleviate the losses owing to the fraud and breaches. Moreover, the players of this market are playing an important role by investing the high amount of money in the development of this software which further increases the efficiency and becomes more reliable and relevant for delivering the financial statements. This also becomes beneficial for registering the highest market growth and generating a high amount of revenue.

According to the report analysis, ‘Global Financial Risk Management Software Market Size Analysis’ states that there are several key players which are presently functioning in this sector more actively for dominating the fastest market growth and acquiring the highest market share around the globe in the coming years while making significant developments in the specifications of this software for improving the efficiency of this and effectively managing the several financial risk for attaining the high amount of profit includes Syniverse Technologies LLC, BM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Kyriba, Active Risk, Pegasystems, TFG Systems, Palisade Corporation, Resolver, Optial, Riskturn, Xactium, Zoot Origination, Riskdata, Imagine Software, GDS Link, Creditpoint Software and several others. Moreover, the players of this market are adopting the effective strategies and policies of doing work which further leads the market grows more actively during the forecasted period.

Although, with the effective applications and significant working of the workforce, the market is spread across the globe which effectively involves Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, North America has registered the proficient market share of total generating revenue in 2017 around the globe owing to the confirmed maximum acceptance of financial risk management software models, due to its early employment in the mainstream of the verticals. Furthermore, Europe also plays an efficient role in global financial risk management software market. Asia-Pacific region is also estimated to exhibit higher growth rate / CAGR over the forecast period of 2018-2025, owing to China, India and Southeast Asia are fast increasing over the coming years.

Additionally, the foremost fueling factor of global financial risk management software market is an accumulative need for risk management across numerous industrial segments, the advent of financial technologies and the unremitting changes in corporate and government regulations. Therefore, in the near future, it is expected that the market of financial risk management software will increase across the globe more positively over the recent coming years.

To Know More, Click On The Link Below:-

Global Financial Risk Management Software Market Size

Related Report:-

Global Financial Risk Management Software Market 2018 by Manufacturers, Countries, Type, and Application, Forecast To 2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Australian Facility Management Market will be driven by Growth in Commercial Sector and surge in the Number of Infrastructural Projects: Ken Research

Increasing demand for Integrated Facility Management (IFM) services, High-growth in the Construction industry and expansion of commercial sector has driven the growth of facility management services market in Australia.

The report titled “Australia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services, By Soft (Cleaning, Security and Other services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), By End User Sectors” by Ken Research suggested that the facility management market in Australia has been growing due to strong presence of domestic firms facilitating subcontracting, increasing awareness amongst the end users of the benefits of such service and adoption of technology to improve the quality of services. The market is expected to register a positive CAGR of 4.0% in terms of revenue during the forecast period FY’2018-FY’2023E.

Dependence on Outsourced Personnel: Outsourced Personnel has contributed above 50% in generating revenues in the overall facility management market in FY’2018. Major companies of the Facility Management industry in Australia rely on outsourcing personnel to cater to the diverse needs of the clients. There has been an increasing trend to outsource personnel especially in commercial, residential and infrastructure sector.

The Commercial sector is a major End consumer of the FM Services: Commercial sector contributed the highest revenue share to the overall facility management industry in Australia in FY’2018. The commercial sector has a major share in the country’s GDP. The growth of office spaces can be justified by population growth, high percentage of population in urban areas, falling unemployment rates and lower interest rates. In addition to this commercial spaces are highly potent to demand of integrated facility management services.

Increasing demand of Integrated Facility Management Services: The primary challenge faced by the facility management industry in Australia is the lack of awareness of Integrated Facility Management Services (IFM) and the benefits that it offers resulting in the low penetration in the market. However, the trend is changing and clients are becoming more inclined towards IFM services as they are cost efficient and improve operational efficiency. In future, it is anticipated that IFM services will contribute ~50.0% share in generating revenues for the facility management industry by FY’2023.

Keywords:-

Australia Facility Management Market

Australia Facility Management Industry

Australia Facility Management Revenue

Australia Soft Services Market

Australia Housekeeping Services Market

Australia Security Services Market

Australia Landscaping Services Market

Australia Hard Services Market

Australia Electromechanical Services

Soft Services Market Melbourne

Hard Services Market Melbourne

Facility Management Market ANZ

Facility Management Services Sumatra

Residential Facility Services Australia

Commercial Facility Services Australia

Industrial Facility Services Australia

Australia Infrastructural Projects

Australia Residential Projects

Australia Commercial Projects

Single Services Facility Market Australia

Australia Integrated Facility Market

Australia Single Services Facility Industry

ISS Facility Services Market Share

Spotless group Services Market Share

Key Segments Covered:-

By Soft Services and Hard Services

Soft Services

Cleaning services

Security Services

Others

Hard Services

Electromechanical Services (including HVAC)

Operational and Maintenance Services

Fire Safety and Security Systems

By Type of Services

Single Services

Bundled Services

Integrated Facility Services

By End User Sectors

Commercial sector

Residential sector

Retail Sector

Industrial sector

Hospital Sector

Infrastructure and others

Key Target Audience:-

Facility Management Companies

Real Estate Construction Companies

Hospitality Sector

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023

Companies Covered:-

Spotless Group

Programmed Maintenance

Serco

Broadspectrum

ISS Australia

Sodexo

BGIS

JLL Inc.

GJK

Fresh Start Australia

For more information, refer to below link:-

Australia Facility Management Market

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Philippines Facility Management Market Outlook To 2022 - By Soft And Hard Facility Management Services; By Single Services, Bundled Services And Integrated Services And By Sectors (Commercial, Residential, Healthcare, Industrial And Infrastructure)

Oman Facility Management Market Outlook to 2022 – By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Operational and Maintenance, Fire Safety and Security)

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

Increasing Potential Of Global Critical Illness Insurance Market Outlook: Ken Research

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According to the report analysis, ‘Global Critical Illness Insurance Market Size study, by Type (Disease Insurance, Medical Insurance, Income Protection Insurance), by Application (Cancer, Heart Attack, Stroke) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this market more actively for dominating the fastest market growth and acquiring the high value of market share includes UnitedHealthcare, Wellpoint Inc., DKV, BUPA, Kaiser Permanente, Aetna Inc., PICC, PINGAN, Kunlun, Aflac, Metlife and several others. Moreover, the players of this market are forming effective strategies and policies for delivering the better consumer experience and increasing the demand of such insurance. Not only has this, many of the focused key players of this market are establishing few programs to promote such type of insurance while spreading the awareness related to the risks of the lives and advantages of this insurance policy which further become beneficial for generating the high amount of revenue across the globe more positively in the short duration.

Critical Illness Insurance is also called as critical insurance cover, is a type of insurance in which the insurer is contracted to typically make lump sum cash payment if the policyholder is detected with one of the precise illness on a predetermined list as part of an insurance policy. Critical Illness Insurance suggests several benefits such as high life cover at affordable rates, guaranteed advantage payout up to 1 crore in case of 34 life critical illness, accidental death benefit, security against the disability and 100% advantage payout and many more. In addition, the key players of this market are playing an important role by improving the services and safeguarding the interest of consumers for leading the fastest market growth more significantly which further become effective for acquiring the highest market share and increasing the demand of such insurance across the globe more significantly in the coming years.

Although, the global market of critical illness insurance is segmented into different sectors which majorly involves type, application and region. On the basis of type, the market is further divided into disease insurance, medical insurance and income protection insurance whereas, based on the application it is sectored into cancer, heart attack and stroke. In addition, based on the region, with the effective classification and significant applications the market of critical illness insurance is spread around the world which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. However, the Asia-Pacific region is the leading/significant region around the world in the value of market share in 2017 owing to the higher population growth in region. The region encompasses some of the fastest underdeveloped economies in the world involving China, India, Japan and Korea. This has led to a significant increase in the insurance investment over the coming years. Europe and North America is also expected to exhibit higher growth rate / CAGR over the forecast period of 2018-2025.

Additionally, the major fueling aspect of global Critical Illness Insurance market are significant growth in the benefit to get from critical illness insurance and increasing geriatric population across the globe. Therefore, in the near future, it is expected that the market of critical illness insurance will increase around the world more positively over the recent coming years. 

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

Global Critical Illness Insurance Market Research

Related Report

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/critical-illness-insurance/168322-93.html

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Growing Potential Of Global Corrugated Packaging Market Outlook: Ken Research

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According to the report analysis, ‘GLOBAL CORRUGATED PACKAGING MARKET SIZE STUDY, BY PRODUCT TYPE (SINGLE WALL BOARD, SINGLE FACE BOARD, DOUBLE WALL BOARD, TRIPLE WALL BOARD), BY PACKAGING TYPE (BOX, CRATES, TRAYS, OCTABIN, PALLET, OTHERS), BY END USER (FOOD & BEVERAGE, ELECTRICAL & ELECTRONICS, HOME CARE PRODUCTS, PERSONAL CARE PRODUCTS, E-COMMERCE, TRANSPORTATION & LOGISTICS, HEALTHCARE, OTHERS) AND REGIONAL FORECASTS 2018-2025’ states that there are several players which are recently functioning in this sector more actively for dominating the fastest market growth and accounting the handsome amount of market share across the globe in the short span of time while developing the quality of the product and specifications for increasing the demand across the globe includes Rengo Co, Ltd, Saica Group, OJI Holdings Corporation, Packaging Corporation of America, DS Smith Packaging Limited, Mondi Group, Georgia Pacific LLC, Westrock Company, Pratt Industries Inc, Menasha Corporation and several others. In addition, many of the players of this market are adopting the effective strategies and policies with the effective technologies of product making for delivering an effective product for packaging at a reasonable price which further increase the market growth more positively during the forecasted period.

The corrugated boxes are measured as preferred means of packaging as they considered benefits such as high durability, light-weightiness, appealing aesthetic value, cost effectiveness, high strength and recyclability. Whereas, the corrugated boxes are the type of boxes where the wavy layer of cardboard prevalently known as fluting that is sandwiched among the two thin outer layers. With the effective benefits of these boxes they are precisely utilized for shipping of goods on the global scenario. Moreover, The Corrugated boxes are available in many sizes and shapes which are comprehensively used in the packaging of numerous goods which includes beverages, cosmetics, foods, pharmaceuticals, hazardous chemicals and other materials. Furthermore, the players of this market are registering the highest market growth more actively while making the effective developments in the quality of the product and the significant usage of the product which further profitable for dominating the handsome amount of market share in the short span of time.

Although, the global market of corrugated packaging is sectored into different segments which majorly includes product type, packaging type, end-users and region. Whereas, the sector of product type is further segmented into single wall board, single face board, double wall board and triple wall board while, based on the packaging type the market is split into box, crates, trays, octabin, pallet and several others. Moreover, based on the end-user, the market divided into food and beverage, electrical and electronics, home care products, personal care products, e-commerce, transportation and logistics, healthcare and several others.

Not only has this, on the basis of region, the market is spread across the globe which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the wildest increasing region across the globe in terms of market share. Whereas, due to the countries such as China, Japan, and India, Asia Pacific region is expected to be the registering region over the forecast period of 2018-2025. Therefore, in the near future, it is expected that the market of corrugated packaging will increase across the globe more effectively over the recent few years.

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

Global Corrugated Packaging Market Research

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249