Vietnam Used Car Market Outlook to 2025: Ken Research

The report titled “Vietnam Used Car Market Outlook to 2025 - By Type (Sedans, SUV’s, MPVs, Hatchbacks, CTVs and Others), By Vehicle Age (0-2 Years, 2-4 Years, 4-6 Years and more than 6 Years), By Cities (Hanoi, HCMC, Hai Phong, Da Nang and Others) and By Brand (Toyota, Mazda, Kia, Honda, Ford, Chevrolet, Mitsubishi and Others)” provides a comprehensive analysis of the Used Car market in Vietnam. The report also covers the overview and genesis, market size in terms of gross transaction value and sales volume, business models, trends and developments, issues and challenges, regulations in Vietnam, snapshot on Vietnam used car auto finance, online auto classified. The report provides value chain and SWOT analysis, Buying decision parameters, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Vietnam Used Car Market Overview and Size

Vietnam Used Car market in terms of sales volume increased at a double digit CAGR over the review period 2013-2018. The market was observed to be at the early growth stage owing to the faster vehicle replacement rate, reduction in new car launch time, growing middle class population, increasing average ticket size and reduction in import duty on new cars. In Vietnam, people prefer to buy a used car as new ones are expensive and for middle or lower income group people, used cars have become more popular choices.

Vietnamese government has also adopted certain strategies to reduce new car prices in the domestic market such as providing a SCT (Special Consumption Tax) rebate on certain automobiles depending on their engine displacement values. This led to intensive competition in the used car market as new car sales are growing at a faster pace vis a viz used car.

Vietnam Used Car Market Segmentation

By Type of Car: Sedans accounted for highest market share in 2018. Sedans remained the most popular car type as they are perceived as conferring a higher social status. SUV’s accounted the second highest market share followed by Hatchbacks and Cross Type Vehicles (CTV’s).

By Vehicle Age: Used cars under the age bracket of 2-4 years accounted for highest market share in 2018 due to the average ownership period of 3.8 years in Vietnam. The sale of used cars is followed by 4-6 years of vehicle age as these cars have heavy body type, better engine capacity (high horse power) and have high re-sale value.

By Region: The northern regions accounted for the highest share as this region is prone to floods due to which the average ownership period is usually low and consumers prefer to buy a used car as compared to new cars for ease of replacement. It was followed by the Southern region with the highest population and the remaining market share was captured by the Central region.

By Cities: Due to high population and developed infrastructure, Hanoi and Ho Chi Minh City accounted for the highest share in terms of sales volume in 2018. Hai Phong and Da Nang along with other cities contributed the remaining share in total sales volume of used cars in the country.

By Price Range: The average ticket size of used cars in Vietnam is growing over the years. The price range of VND 400 Million – VND 600 Million accounted for highest percentage share due the faster replacement rate along with the depreciation charged over the years on new vehicles.

By Brand: Japanese and Korean brands are the most preferred brands in Vietnam due to their strong brand preference, reliability, longer life span, and higher re-sale value of the used cars. Toyota dominated the market by accounting highest market share followed by Ford, KIA, Mazda and Honda in terms of sales volume. Other brands such as Mitsubishi and Chevrolet captured the remaining market share of used cars sales volume in 2018.

Competitive Landscape

Used car market in Vietnam is highly fragmented with presence of more than 1500 -2000 organized and unorganized dealers across all the cities in Vietnam. Organized dealers include Multi Brand Dealership Outlets (Anycar, Viet Han Used Car, Hien Toyota, Hoa Binh Auto and others) and captive dealers such as Thanh Xuan Ford, Mercedes Benz An Du, Hyundai Dong Do and Toyota an Suong. Online Auto-Classifieds has a highly concentrated space with presence of four to five major companies such as Bonbanh, Oto, Carmudi, Choxe, Chotot and others capturing almost 80.0% share.

Vietnam Used Car Market Future Outlook

In future, it is anticipated that used car sales volume will be fuelled by increasing government initiatives such as EVFTA Agreement and Ban on Motorbikes, growing middle class population, increasing disposable income, increasing car replacement rate and growing customer confidence along with rise in average ticket size of a used car over the years.

Key Segments Covered:-

By Type of Vehicle

Sedans

 SUV’s

MPVs

Hatchbacks

Cross Type Vehicles (CTVs)

Others

By Vehicle Age

0-2 Years

2-4 Years

4-6 Years

More than 6 Years

By Region

North

South

Central

By Cities

Hanoi

HCMC

Hai Phong

Da Nang

Others

By Price

Less Than VND 200 Million

VND 200 Million – VND 400 Million

VND 400 Million – VND 600 Million

VND 600 Million – VND 800 Million

More Than VND 800 Million

By Brand

Toyota

Mazda

Ford

Kia

Honda

Chevrolet

Mitsubishi

Others

Key Target Audience:-

OEM’S Companies

Multi Brand Dealers

Captive Dealers

Venture Capitalist Firms

Government/ Regulatory Authorities

Online Auto-Classifieds

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019E-2025E

Companies Covered:-

Major Online Players in Vietnam

Bonbanh

Oto

Carmudi

Choxe

Chotot

Major Captive Dealers:-

Than Xuan Ford

Mercedes Benz An Du

Hyundai Dong Do

Toyota An Suong

Multi-Brand Dealers

Anycar

Viet Han Used Car

Hien Toyota

Hoa Binh Auto

Key Topics Covered in the Report:-

Vietnam Used Car Market Overview and Genesis (Overview and Genesis, Business Cycle Graph)

Vietnam Used Car Market Ecosystem

Vietnam Used Car Market Value Chain Analysis

Vietnam Used Car Market Business Model

Used Car Market Size Vietnam

Vietnam Used Car Market Segmentation

Snapshot of Vietnam Used Car Finance

Snapshot of Vietnam Online Used Car Market

Buying Decision Parameters in Vietnam Used Car Market

Trends and Developments in Vietnam Used Car Market

Issues and Challenges in Vietnam Used Car Market

Vietnam Used Car Market Regulations

SWOT Analysis Vietnam Used Car

Vietnam Used Car Market Competition Scenario

Vietnam Used Car Market Future Projection, 2018-2025E

Future Outlook of Vietnam Used Car Market Segmentations, 2018-2025E

Analyst Recommendations

For more information, refer to below link:-

Vietnam Used Car Market

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Indonesia Used Car Market Outlook to 2023 - Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com
+91-9015378249

Rise in Focus on Energy Efficiency Expected to Drive World Turbo Expander Market over the Forecast Period: Ken Research

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According to study, “World Turbo Expander Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world turbo expander market are Atlas Copco, Air Products and Chemicals, Inc., GE oil & gas, ACD, L.A. Turbine, Turbogaz, Samsung, RMG, Shaanxi Blower Group, MES, Sichuan Air Separation Group, Cryostar, HaerbinBeifang Equipment, KFAS, Suzhou West of Cryogenic Equipment, Hangyang Group, HUAYU, Sichuan JianyangRuite Machinery.

Turbo expander is a combination of a compressor and an expander in a single unit, where an expansion unit drives the compression unit, and both are attached on a distinct shaft. It is also referred as expansion turbines.It converts kinetic energy into mechanical energy through passing pressurized & expanded gases via turbines. It has a power range between 750W and 7.5MW. It is generally used as a source of refrigeration in industrial processes for instance extraction of ethane & natural gas liquids from natural gas, and liquefaction of other gases. Additionally, it works in the process of refrigeration, power or electricity generation & air separation and management of industrial waste through pipes. It is manufactured considering many standards & guidelines, in order to sustain high pressures or various industrial materials.

Based on type, turbo expander market is segmented into axial turbo expanders, radial turbo expanders, and radial-axial turbo expanders. Based on loading device, market is segmented into generators (electrical), compressor (centrifugal)and hydraulic brake.Compressor segment is anticipated to witness lucrative growth owing to rise in product utilization in the processing of LNG during the forecast period. Based on application, market is segmented into air separation, generation of energy from waste gases, hydrocarbon and others (geothermal and pressure letdown).Hydrocarbon segment dominates the market as turbo expanders are being extensively used in LNG production, NGL recovery, ethane recovery, and dew point control. In addition, based on end-use, market is segmented into oil & gas, power generation and manufacturing. Oil & gas segment holds major share in market due to increase in production & consumption of LPG and LNG.

The turbo expander market is driven by rise in focus on energy efficiency, followed by increase in share of natural gas in primary energy consumption, growth in innovative technologies and rise in usage of pipelines. However, high initial cost for smaller installations and availability of alternative energy recovery devices & pressure letdown systems may impact the market. Moreover, rise in demand for cryogenic liquids is a key opportunity for market.

Based on geography, USA country holds major share, followed by EU in turbo expander market owing to higher emphasis on innovative manufacturers ad rise in higher emphasis on innovative manufacturers in the country.China country is expected to witness higher growth rate due to efficient manufacturing processes and rise in demand for natural gas over the forecast period. It is anticipated that the market will be reached at fast pace on account of increase in need for extraction of more energy content and growth in demand for efficient production systems during the forecast period. The worldwide market is estimated to grow at a CAGR of approximately 2.9%, over the next five years, will reach US $620 million by 2024, from US $520 million in 2019.

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

Global Turbo Expander Market Research Report

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Global Turbo Expander Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Radial Turbo Expander Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Profitable Insights Of The Middle East Plastic Pipe And Fitting Market Outlook: Ken Research

Around the Middle East region, the Israel Plastic Pipe market has increased at a great single digit five years CAGR. Polyethylene (PE), Polyvinyl Chloride (PVC), Unplasticized Poly Vinyl Chloride (UPVC), Chlorinated Polyvinyl Chloride (CPVC) and Polypropylene (PP) are the few of the most primarily promoted varieties of plastic pipes and fittings in the market. Sewage, water supply, irrigation, oil and gas, and chemical are some of the most communal end-user benefits in the market. Such plastic pipes and fittings are effectively produced domestically with the very less dependence on the imports from outside the respective region. The foremost growth factors of the market involve the advancement of the gas segment, real estate construction and broad usage of the precise irrigation method.

By the type of pipe, the market of plastic pipe and fitting across the Middle East is sectored into Polyethylene (PE), Polyvinyl Chloride and Chlorinated Polyvinyl Chloride (PVC and CPVC), Unplasticized Polyvinyl Chloride (UPVC), Polypropylene (PP) and several others (PU, ABS, PB, and PVDF) based on the types of pipes. Out of these, PE pipes have the greatest market share. A huge benefit of this pipe involves chemicals, water supply, oil and gas, and several others, which is the foremost cause behind the wide market share of such types of pipes and fitting in several regions of the Middle East. PVC, UPVC, and CPVC have a foremost share in the market as such types of pipes have lower costs. PP pipes have the bottommost market share and are commonly utilized in plumbing benefits. These are commonly priced greater than other varieties of the pipes which results in the lower market share of the sector.

By the end-user applications, the market segmentation involves water supply, irrigation and sewage, chemical, plumbing and oil and gas, and several others, (cable protection, HVAC benefits, milk hoses, and several others). Water supply and sewage benefit is the greatest sector in the market, which is followed by the plumbing segment. The speedy growth in the real estate construction is the greatest cause behind the great market share of both of these sectors. Chemical and oil and gas are the sectors with the nethermost market share as the plastic pipes do not find broad usage in this segment owing to the lower durability as a comparison to a few of its substitutes.

The plastic pipes and fitting are internally produced and have a very great share in the overall market as compared to the imported plastic pipe and fitting in the respective region.

The market is greatly prearranged as great producers in the respective region have the mainstream of the market share. For instance, the price of the product, the excellence of the product, on requirement obtains ability of the product, engineering standards, and product customization is some of the challenging parameters. The competitive contention in the market is penetrating as the market is exceedingly commoditized. The competition is at a developed stage and there are many constructors of plastic pipes and fittings in the market. In the recent trend, there has been a merger of two of the principal players in the market which presents the predisposition of the market to move towards amalgamation in the coming years. Therefore, in the coming years, it is anticipated that the market of plastic pipe and fitting will increase more positively over the near years.

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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Augmenting Landscape Of The Middle East Facility Management Market Outlook: Ken Research

Across the Middle East, in Oman the facility management Market has observed the robust growth during the forecast duration, for instance, the market is still in its growth stage. The market is greatly disjointed with the great number of players functioning within the FM industry. The FM market in the recent past was registered by the soft services but the effective technological advancement and growing requirement for building maintenance have concluded in the growing requirement for hard amenities. The foremost growth drivers for the industry involve the boosting real estate market, increasing the construction industry, a growing number of shopping malls and supermarkets, enlarging the hospitality segment and aim at Green Building ranged to Vision 2030, generating choices for the FM services in the region.

The effective growth in the project-centered on tourism and the commercial segment have raised the requirement for soft and hard services in the region, leading to an enormous impact on the facility management market across the respective locations of the Middle East. The increasing inflow of foreign expatriates has also effectively obstructed the growth of the industry.

Whereas, by the soft and hard services, the facility management in Oman can be classified based on the services suggested that are hard services and soft services. Soft services registered the facility management market in Oman with a greater revenue share during the recent past years. The advancements of several segments involving real estate, hospitality, tourism, and healthcare have augmented the requirement for soft services in the city.

Furthermore, by the sector, in the Oman facility management Market, the commercial segment underwrote the wildest revenue share to the overall facility management industry. The facility management corporates have been delivering soft and hard services to commercial complexes over the years and the growth in this segment has generated great potential for FM corporates. The hospitality segment added their rational share in the revenues of the facility management. Contrariwise, the residential segment registered for the least revenue share of the FM market in terms of revenue in the recent past. Other segments involve Industrial plants, infrastructure projects, airports, and several other segments together underwritten to the overall facility management market in the recent past.

The basic services delivered under the hard services in the Bahrain Facility management market involve the fire safety and security systems demanded by all the segments in the Bahrain, technological functions and maintenance, electromechanical services and HVAS services. Since the consumer has to incur substantial expense for undertaking the hard services, this sector registered the market with the effective percentage revenues of the facility management services in the recent past years.

The Bahrain facility management market across the Middle East is greatly disjointed with the number of small and big players proposing hard and soft services in the region. Hence, it is anticipated that the market of facility management will increase across The Middle East over the coming years more enormously.

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth in Minimal Surgeries for Diagnosis of Chest Expected to Drive World Minimally Invasive Surgery Video Column Market: Ken Research

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Minimally Invasive Surgery (MIS) video columns is a type of medical device, used in MIS processing, also some orthopedic surgery. MIS is performed without making a major incision, resulting in less traumas for the patient and acquiescent significant cost savings. These are consequences of shorter hospitalization times and reduced therapy desires. Monitoring or visualization equipment permits surgeons and other operating room personnel to see the process being performed in the patient's body by a specialized scope or on a video monitor. Additionally, technology if MIS video columns is relatively high, therefore only some manufacturers can provide these components, such as medical grade camera head and light source. Hence, the trade is relatively concentrated. Some key benefits are less pain, low cost of treatment, less scarring, less need for postsurgical pain medication, and less likelihood of complications related to the incision.

According to study, “World Minimally Invasive Surgery Video Column Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world minimally invasive surgery video column market are Boston Scientific, B. Braun, Stryker Corp., Pentax, Karl Storz, Conmed, Richard Wolf, Covidien, Arthrex, Zeiss, Olympus Corp., Abbott Laboratories, Intuitive Surgical Inc., GE Healthcare, Medtronic PLC., Siemens Healthineers, Koninklijke Philips NV, Smith & Nephew, Zimmer Biomet. Key companies are directed on minimally invasive surgery video column research & development, along with mergers & acquisitions, and innovations in products, in order to support their market share.

Based on type, minimally invasive surgery video column market is segmented into cardiothoracic surgery video columns, gastrointestinal surgery video columns, orthopedic surgery video columns, aesthetic video columns, gynecological surgery video columns, urological surgery video columns and others. Orthopedic surgery segment holds significant share owing to increase in geriatric population base which is more prone to orthopedic disorders. Based on product type, market is segmented into handheld instruments, guiding devices (guide wires and guiding catheters), endoscopic devices, electrosurgical devices, laproscopic devices, robotic assisted surgical systems, monitoring & visualization devices, laser based devices and ablation devices. The endoscopy devices segment is projected to have a healthy growth rate due to their extensive use by surgeons as the guide for movement of surgical instruments, and also for localizing the surgical site. In addition, based on application, market is segmented into outpatient surgery clinics, hospitals with in-house surgery departments and others.

The minimally invasive surgery video column market is driven by growth in minimal surgeries for diagnosis of chest & other body parts, followed by rise in geriatric population of patient, increase in medical infrastructure, rise in medical tourism, growth in demand for technologically advanced products, and rise in shift towards modern techniques. However, uncertain regulatory framework and shortage of experienced professionals may impact the market.

Based on geography, the USA country holds major share, followed by EU in minimally invasive surgery video column market owing to increase in economy improvement and rise in demand of precise medical treatment in the country. China country is expected to witness higher growth rate due to growth in geriatric population and rise in medical infrastructure over the forecast period. It is anticipated that future of the market will be bright on account of rise in initiatives taken by various organizations in order to create people more aware and increase in funds for the treatment of disease over the forecast period.

To know more, click on the link below:-

Global Minimally Invasive Surgery Video Column Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

Growth in Investments in Industrial Facilities Expected to Drive World Resistance Strain Gauge Market over the Forecast Period: Ken Research

Resistance strain gauge is a sensing device, used in various physical tests & measurement applications. It changes resistance at output terminals when stretched. It typically bonded to the surface of a solid material and is used to measure its tiny dimensional changes such as pressure, displacement, length, acceleration, tension, weight, etc. It helps ensure the appropriateness, strength, and stability of many structures for instance bridges, buildings and railway lines, as well as parts used in automotive such as airplanes, cars, and ships.

According to study, “World Resistance Strain Gauge Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world resistance strain gauge market are Vishay Precision Group Inc., Hitec Products, Inc., Kyowa Electronic Instruments Co., Ltd., TML, Zemic Worldwide, HPI, FUTEK Advanced Sensor Technology, Inc., Hottinger Baldwin Messtechnik GmbH (HBM), HYCSYQ, Shanghai Yiling Electrical Measuring Instruments Company, NMB Technologies Corp., ATI Industrial Automation, Piezo-Metrics, Inc., Zhejiang Huangyan Testing Apparatus Factory, Huahailan, OMEGA Engineering, Xiamen Loadcell Technology Co., Ltd., ABB Group, The Crane Group of Companies, BCM Sensor Technologies bvba, Tokyo Sokki Kenkyujo Co., Ltd.

Based on product type, resistance strain gauge market is segmented into foil strain gauge, semiconductor strain gauge, wire strain gauge, polyimide and special epoxy resin. The semiconductor strain gauge segment is utilized in cases of high sensitivity for instance the measurement of local strains in ICs, which requires a high value of gauge factor that is provided by a semiconductor strain gauge. Based on sales channel, market is segmented into distribution channel and direct channel. Based on application, market is segmented into load cells, torque transducer, preure transducer and others. In addition, based on end-user industry, market is segmented into transportation, energy, and others. Transportation segment includes automotive, vessels, rail, and aerospace. Energy segment includes power, oil & gas and mining. Additionally, other segments include infrastructure, manufacturing, buildings, and research centers.

The resistance strain gauge market is driven by growth in investments in industrial facilities, followed by large number of available labor, low production costs, rise in number of applications, expansion of production capacities by pharmaceutical, rise in manufacturing & construction sectors, increase in innovation of new products, rise in research & development activities and favorable tax policies. However, high cost of devices and stringent government regulations may impact the market. Moreover, growth in development of highly sensitive resistance strain gauges is a key trend for market.

Based on geography, USA and EU hold major share in resistance strain gauge market owing to growth in quality standard of equipment & infrastructure and high safety levels in the regions. China country is expected to witness higher growth rate due to improvement in standards of infrastructure over the forecast period. It is estimated that the market will be reached at fast pace on account of increase in number of wastewater treatment plants with large installed base of rotating equipment for instance motors, pumps, and fans during the forecast period. The worldwide market is projected to grow at a CAGR of approximately 1.8% over the next five years, will reach US $140 million in 2024, from US $120 million in 2019.

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

Global Resistance Strain Gauge Market

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