Saudi Arabia Car Rental and Leasing Market is Driven by Growing GDP, Employment Rate & Expanding End User Industries: Ken Research Analysis

“Rising number of establishments, increasing GDP of the country, growing employment rate in Saudi Arabia, increasing size of end user industries and rising tourism will be the key factors driving growth in Saudi Arabia Car Rental and Leasing Market”

Growing Employment: The increasing employment opportunity in Saudi Arabia is influencing positively the standard of living and purchasing power of Saudis. High purchasing power enables them to afford their preferable car brands on lease and on rental. This further supports the demand for car rental and leasing service in the country. After the implementation of Saudization in the country, the employment rate of Saudi nationals has immensely improved in the country. In terms of individual demand, Sedan and SUV are the most preferable category and thus the demand for Sedan in rental segment and SUV in leasing segment has rapidly grown between the years 2013-2018.

Increasing Number of Establishments: Corporate are the major end users of car rental and leasing service. Thus, the growing number of establishments in the country has increased the demand for rental and leasing services in the country. The increase in number of construction and oil & gas  projects have also propelled the demand for rental & leasing service in terms of logistics transportation , employee mobility and business visitors. In terms of leasing service, contracts with duration of 4 years are preferred by corporate owing to the long term projects of industries and are considered as a value for money option. As most of the new establishments are located in eastern provinces mainly in Dammam, Al- Khobar & Jubail, hence the demand for car rental & leasing is highest in these cities.

Tourism Industry: The demand for the car rental in Saudi Arabia has enhanced in the past few years with the rise in tourist arrivals for leisure and pilgrim. Saudi Arabia has been observed as catering to millions of pilgrims visiting Hajj and Umrah especially during Eid Al- Fitr and Eid Al- Adha for leisure travels across the Middle East region each year. The tourism industry of Saudi Arabia each year witnessed a new record with the surge in pilgrim visitors. The tourism industry in Saudi accounted for 9.4% of the total GDP of Saudi in 2017. The foreign visitors accounted for 17.7 million in 2018 which is expected to grow by 5.6% each year.

Analysts at Ken Research in their latest publication “Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)” believes that an increase in the number of establishment, growing tourist arrivals and growth in end user sectors such as construction, logistics and oil and gas would surge the overall demand for car rental and leasing service in the market. The market has witnessed a positive CAGR of close to 11.4% in terms of revenue from leasing segment and 12.5% in terms of fleet size while rental service witnessed a positive CAGR of close to 4.6% in terms of fleet size, during the review period 2013-2018.

Key Segments Covered in Saudi Arabia Car Rental & Leasing Market

By Car Dealers & Car Rental Companies (On the basis of fleet size)

Car Dealers

Car Rental Companies

By Type of vehicle (On the basis of fleet size)

SUV with or without luggage and pickup & cargo cars

Medium category

Small category

Premium/ Luxury

By Duration (On the basis of fleet size)

1-2 years

More than 2 years but less than 4 years

4 years

More than 4 years

By Region (On the basis of fleet size)

Central

Western

Eastern

Southern

Northern

By End User (On the basis of fleet size)

Logistics

FMCG & e-commerce

Oil & Gas

Construction

Government& semi- government offices

Other Industries

By User (On the basis of fleet size)

Corporate

Individual

By On Airport & off Airport (On the basis of revenue)

On Airport

Off Airport

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023

Key Target Audience

Car Rental Companies

Car Dealers

End User Industries

Individuals

Companies Covered:

United International Transportation Company (Budget)

Hanco rent a car

Best rent a car

Theeb rent a car

Al Wefaq rent a car

Hertz rent a car

Avis rent a car

Autoworld rent a car

Samara rent a car

Al Tayyar rent a car

Key rent a car

Ford Aljazerah

Al Jomaih

Universal Motors

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

Saudi Arabia Car Rental and Leasing Market Outlook to 2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Global Carbonated Beverage Market Outlook: Ken Research

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Carbonated drinks are those drinks that fizz due to carbon dioxide gas that is filled in it. This process where the gas dissolves in the drink is called carbonation. This process can sometimes occur naturally as in the case of carbonated mineral water which absorbs carbon dioxide from the ground. In the mad – made processes, like soda waters and soft drinks, they are artificially infused into the drinks at high pressures. The purpose of carbonation is to gives a bite to the flavour and the acid gives the tingling sensation.

According to the Research Report “Global Carbonated Beverage Market (2018 – 2023)” gives a detailed analysis of the global market for the carbonated beverage market.  The report contains an in-depth analysis of the vendor’s profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The leading players in the market include The Coca-Cola Company, PepsiCo Inc., Dr Pepper Snapple, Cott Corporation, Asahi Soft Drinks, National Beverage Corp., F&N Foods, Britvic PLC and ParleAgro.

The market continues to be dominated by PepsiCo and Coca Cola. Their consistent success is due to their long going brand legacies founded on emotional advertising and cultural marketing. The industry as a whole is undergoing major innovations in terms of packaging, cost effectiveness and product deliveries. The major challenge the industry faces are the health risks attached to these drinks coupled with the rise of health-conscious consumers. Due to high child obesity, there is a major shift in the consumer preferences from high – sugar carbonated drinks to a healthier, sugar – free alternative. As a result of this, the sports drink market has emerged as a major rivalry for these firms. Many brands are establishing their competitive advantage through packaging. Major challenges also include governmental initiatives by passing sugar taxes and new regulations like labelling ‘high sugar content’ on these products.

Despite these factors, the market is growing mainly due to reduced costs. Many brands are also increasingly focusing on sustainability as an important agenda. The future of the industry looks bright and optimistic in terms of product innovation. New flavour derivatives, sugar – free and healthier alternatives are likely to be expected.  Since consumers are becoming conscious health-wise, they are also expecting experience and indulgence with these beverages and the brands are working towards balancing these two. Region-wise, North America leads the market followed by Europe.

To Know More, Click On The Link Below:-

Global Carbonated Beverage Market

Related Report:-

Global Carbonated Beverages Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

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To Drive the Customer Intelligence Market over the Forecast Period: Ken Research

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Customer intelligence (CI) is the procedure of analyzing & accumulating information about consumers or their activities. It is a technology associated with understanding of customer experience and their insights. It also provides organizations with economically accountable sight of their customer information. It aids the organizations in understanding to their top consumers with their improved economic performance. Most businesses used CI tools to understand the processes associated with what their consumers are doing & why. It is a key component of efficient customer relationship management (CRM). There are many sources of records for customer intelligence for instance the frontline data capture and speech analytics. Frontline data capture is a part of a CRM software solutions. The speech analytics is used to examine the telephone conversations between the company & its customers.

Major capabilities of CI solution include decision management, predictive analytics, real-time scoring, cross-campaign optimization, customer engagement and customer lifetime value segmentation.

According to study, “Customer Intelligence Market, Solutions [Web Analytics, Social Media Analytics, Voice Analytics, Mobile Analytics], Services, Deployment, Industry Verticals, Regions, and Vendor Profiling - Global Market Drivers, Opportunities, Trends, and Forecasts, 2015-2020” some of the major companies currently operating in the customer intelligence market are SAS Institute Inc., Qlik International AB, Open Text Corporation, Tableau Software, Verint Systems, Information Builders Inc., FICO, IBM Corp., Angoss Software Corp, ORACLE Corp., SAP SE, Microsoft Corporation. These companies with the elevated proportion of satisfied consumers have grown more profitably & faster than the average.

Based on product, customer intelligence market is segmented into services and solutions. Based on services, the market is segmented into integration services, consulting services and maintenance services. Based on solutions, market is segmented into social medial analytics, mobile analytics, web analytics and voice analytics. Based on deployment, market is classified into on-premise deployment and on-cloud deployment. Addition, based on vertical, market is defines as BFSI, telecom, manufacturing, retail, media & entertainment, healthcare & life sciences, utilities and travel & tourisms etc. Retail & telecom segment are the major end-user of the CI solution as they invest major share in understanding their consumers.

The customer intelligence market is primarily driven by social media revolution, followed by customer centric market and identifying market trends. Apart from the major benefits, few of the market restraints include delay over realization of ROI, lack of professionals using new and advanced technology & need of the detailed customer data and lack of in house expertise. In addition, some of the other new opportunities in the market include cross sell & up sell, exploring into new markets and market optimization.

The global customer intelligence market is expected to reach US $4,892.0 million, by 2020. The solution segment is probable to grow at a CAGR of 17.6% while the services segment is estimated to grow at a CAGR of 27.0%. In addition, healthcare & life sciences vertical segment is likely to grow at a CAGR of 35.4 % and is the top growing vertical among other verticals throughout the period of 2015-2020. North American region is expected to be most developed market due to the extensive infrastructure and the vendors investing in the market.

To know more, click on the link below:-

Global Customer Intelligence Market

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Ankur Gupta, Head Marketing & Communications

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Global Connected Logistics Market Outlook to 2024: Ken Research

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With the growing market for RFID, connected logistics is expanding in its scope. The logistics market, where the speed in this industry transcends over any other, connected logistics is building competitive benefits. In the current world, getting the right product delivered at the right place at the right time in the right quantity with the right condition is a challenge and is often the competitive advantage.

According to the research report “Connected Logistics Market Forecast up to 2024” gives a detailed analysis of the global market for connected logistics. The report contains an in-depth analysis of vendor profiles, which include overviews and offerings, and competitive landscape. The integration capability of the connected logistics software will leverage the capabilities in connecting freight, warehouse, quality, and compliance. This market research report identifies many companies which include SAP, Infosys, IBM, Cisco, HCL Technologies, etc.

This can haphazardly be achieved with connected logistics powered by the Internet of Things. But the connected logistics market is not just about IoT but it is an integrated approach of the Internet of Everything, which includes services, the cloud, big data analysis, and other such technologies. Connected logistics can be studies in three segments – software services, IT services, and hardware devices. Software services include cloud and on-premise solutions. Trends show how there is a shift towards cloud computing and intelligent ERP, which are facilitated by software services. The hardware devices include RFID, sensors, network devices like routers, switches, and IoT devices. The IT services segment includes consultation and application management services, system integration services and so on. All of these together can manage the whole supply chain without any errors and improve precision.

A main driver in the market includes increased use of IoT and smart applications to manage temperature sensitive products and high rates of waste. Advanced communication systems are also helping corporations to advance their value chain. When it comes to sectors like perishables, the importance of connected logistics is remarkable due to high wastages which can be tackled effectively through technology. It is expected that the next generation of logistics, nicknamed as logistics 4.0, will generate value beyond question. Given that recently EU’s members adopted the General Data Protection Regulation (GDPR), it will also take into account cybersecurity and handling of such data at utmost importance.

The main sectors where maximum benefits are expected to be reaped are perishables, cold chains and equipment management. Integrating businesses with internet and using connected logistics might seem a little too intimidating and a big step for many corporations. The good news is that there is an insurmountable amount of data on the internet about IoT, AI, and blockchain to explain the basics and consultancy on the same.

To Know More, Click On The Link Below:-

Connected Logistics Market Forecast

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Ankur Gupta, Head Marketing & Communications

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The Increase in Adoption of Stair Lifts Disabled & Geriatric Patient Population Coupled with Medicaid & Private Insurance is Set to Drive Global Stair Lift Market Over the Forecast Period: Ken Research

Stair lifts are the mobility devices which are used by the aged and disabled people for the vertical mobility. The stair lift devices are the chair or platform devices which facilitates the traveling between the floors and the high-rise buildings efficiently. The carrier (chair or platform) is chosen based on the consumer necessity & feasibility of the installation. However, the installation itself is a vital part, which requires design considerations and handy calculations depending on the space availability. It finds its major application in hospitals & clinics, residential buildings and the commercial spaces for instance shopping malls and offices. The installation form associated with these places dependents upon the footfalls and the curvature of the stairs & the building architecture. The global stair devices are easy to operate and have many features such as flip-up rail, safety belt or harness, swivel seat, rechargeable batteries, limit sensors handheld controller, and call stations.

According to study, “Global Stair Lift Market Size study, by Application (Residential, Medicare Areas, Public Places), by Product (Straight Stair Lifts, Curved Stair Lifts) and Regional Forecasts 2018-2025” some of the other major companies that are currently operating in the global stair lift market are Access BDD, DID – Daido, Harmar Mobility LLC, MediTek, ThyssenKrupp AG, Otolift Stairlifts Ltd., Stannah, Handicare Group AB, Acorn, Savaria Corp., Lehner Lifttechnik GmbH, Prism U.K. Medical Limited, Bruno Independent Living Aids, Inc., HIRO LIFT (Hillenkötter + Ronsieck GmbH), SUGIYASU Co., Ltd., Kumalift Co., Ltd., Symax Lift (China) Co, Ltd., Taamal Seed Electra Group, Qingdao Sinofirst Machinery Co., Ltd., Gruppo Millepiani S.p.a, Platinum Stair Lifts Ltd.

Based on the rail orientation, global stair lift market is segmented into straight stair lifts and curved stair lifts. Based on installation, market is segmented into outdoor stair lifts and indoor stair lifts. Based on the user orientation, market is segmented into standing & perched stair lifts, seated stair lifts and integrated wheelchair platform stair lifts. Based on the mode of operation, market is segmented into battery mode and alternating current.

The global stair left market is primarily driven by the increased adoption of stair lifts disabled & geriatric patient population. The other key driving factors are include the Medicaid & private insurance enabling expenditure on stair lifts, financial assistance for stair lifts in home modification and inclination of aging & disabled population towards the active or the independent living. Apart from the key advantages, the other market restraint factors include high purchase, installation, & maintenance cost of the stair lifts, presence of less expensive alternatives to stair lifts, perceptual barriers deterring user experience etc. In addition to this some of the other new opportunities and trends includes the increased emphasis of government & private organizations for the productive or the active lifestyle for the disabled population, leading to the substantial growth in the second-hand market for stair lifts, the use of better knowledge and mobility of the equipment among the disabled & elderly population with the modularity, safety, or space optimization is expected to drive the product development of the market over the forecast period.

Asia-Pacific holds highest share of stair lift market owing to the increase in growth of the overall economy. Additionally, the North American region is anticipated to remain the second-highest share in the target market due to the increase in the incidence of fall injuries in the U.S. It is expected that the global stair lift market to reach at US $1228.43 million, by 2025.

For more information, click on the link below:

Global Stair Lift Market

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Vietnam Fitness Services Market will be driven by Increasing Number of Organized Fitness Centres and Rise in Personal Disposable Income: Ken Research

Rise in the number of additional services, growing health consciousness among people under the age bracket (15-64) has driven the Fitness Services Market in Vietnam.

The report titled “Vietnam Fitness Services Market Outlook to 2023 - By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)” by Ken Research suggested that the Fitness Services market in Vietnam has been increasing due to rising fitness awareness among people, surge in disposable income, expansion in service portfolios of organised fitness service centres and increasing penetration of organized gyms in sub urban areas. The market is expected to register a positive CAGR of 19.5% in terms of revenue during the forecast period 2018-2023E.

Rising Obesity Rate: In Vietnam, it has been witnessed that the obesity rate has increased over the past five years. The obesity rate has grown at a CAGR of 8.4% during the period 2013-2018. Moreover, in future it is anticipated that obesity will reach 3.6% by the year ending 2023E. However, to cater the obesity problem in the country, Fitness centres such as Calikids, AKC Fitness, Nutrifort Fitness and several others has started helping children to lead a healthy life by providing them fitness training.

Dominance of Unorganized Gym Centres: One of the major reasons behind surging growth of the unorganised fitness centres is the low membership fees and easy accessibility of fitness centres from a customer’s house as they are majorly present in the housing locality only. People which are still looking forward to built their body into a muscular one usually focus towards unorganised fitness centres as these centres generally provides hardcore gym training to its customers.

Rising Popularity of Artificial Mountain Climbing: In Vietnam, majorly in Ho Chi Minh City artificial climbing is very popular among people. Artificial mountains are designed with rugged and steep slopes making it a complex and exciting exercise. Kick boxing is also a current trend among young people. Various organized fitness centres such as California Fitness and Yoga Center, Fit24, Citigym and others are offering kick fit as a service.

Surge in Demand of Group Exercise: Increase in group exercise such as Zumba, Pilates, cross fit, Martial Arts, Power Yoga is also contributing to the growth of the fitness service market as in future majority of the new fitness centres will be looking forward to offer these services at lower rates to capture majority of the customers into their fitness centres. Currently these group exercises has been majorly offered in organised fitness centres only but in future it has been expected various new unorganised fitness centres will also provide facility of group exercise to their customers to remain into the competition of the market.

Key Segments Covered:-

By Type of Market (Number of Gym Members and Number of Gyms)

Organized Market

Unorganized Market

By Source of Revenue-

Membership Fee

Personal Training

By Number of Gyms by Subscription Fee-

VND 0-5 Million

VND 5-12 Million

Above VND 12 Million

By Subscription Period-

1 Month

3 Month

6 Month

12 Month

Key Target Audience:-

Organized and Unorganized Fitness Centres

Fitness Equipment Manufacturers

Sports Authority

Private Equity Firm

Fitness Training and Trainers Associations

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Major Fitness Centres Covered:-

California Fitness and Yoga Centre

Elite Fitness

Fit24

AKC Fitness

MMA Gym Fitness Centre

Citigym

Curves

Nutrifort Fitness

Advance Fitness

Yoga Center – VYOGA World 3/2

Star Fitness HCM

Diamond Fitness Center

Times Plus Fitness and Yoga

Body Fit Fitness and Yoga

Platinum Fitness and Kinesis

VShape Fitness & Yoga Center

Swequity Ultimate Fitness

Thanh Hai Gym

N Club

Vital fitness and yoga center

MD Fitness

Lykos Kickfitness Center

N-shape Fitness

KBE Fitness

AE Fitness

Universal Yoga

New Fitness and Yoga

Fitness and Yoga Centre Igym

Olympic Nha Trang Gym & Fitness

CLB gym T&V Fitness

Hanoi Kendo Club

Teekiu Fitness

Body SHAPE Gym

Keywords:-

Vietnam Fitness Services Market

Fitness Services Industry Vietnam

Vietnam Fitness Club Market

Vietnam Yoga Market Revenue

Vietnam Gym Industry Size

Number of Gyms in Vietnam

Vietnam Fitness Services Sales

Fit24 Fitness Services Market

Curves Fitness Services Market

AE Fitness Services Market

Vietnam Fitness Services Market Scope

Vietnam Yoga Industry Analysis

Vietnam Private Equity Firms

For more information, refer to below link:-

Vietnam Fitness Services Market

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India Fitness Services And Equipment Industry Outlook To 2019 - Increasing Obesity And Disposable Income To Spur Future Growth

Philippines Fitness Service Market Outlook To 2023 - By Revenue Streams (Membership Fee And Personal Training), By Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), By Regions (Luzon, Visayas And Mindanao) And By Gender

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