Monday, January 27, 2020

Asia credit cards market is Expected to Witness CAGR of 6.8% in terms of total cards in circulation by 2025: Ken Research

 Schemes such as the payment of outstanding dues in equated monthly installments (EMIs) and additional facilities, such as access to premium services at hotels and airlines, including lounge access have escalated the total cards in circulation and the total transaction value within Asia.
  • Numerous companies such as Amazon, MakeMyTrip, NUS Singapore, Manchester United, Ferrari, and others are offering co-branded credit cards that provide facilities such as low annual fees, gift vouchers on joining and lucrative cashback offers. The total transaction value within the Asia credit card market is expected to showcase a forecasted CAGR of 7.4% during 2018-2025.
  • Trends such as environmental sustainability, sustainable procurement, and adoption of technologies such as IoT and artificial intelligence are expected to shape up the delivery of credit card products and services in the near future.
Credit card issuers and operators have also focused on strengthening acceptance infrastructure, promoting and incentivizing digital payments for the right target audience, and partnering with key technology players which will give a positive outlook for the future and hence it is expected that the number of transactions will have positive growth. Issuers and operators have firstly adopted and are encouraging the introduction of a QR code for low-value payments, contactless payments and payment gateways for processing M-commerce transactions through tokenization in most of the Asian countries.
Asia Credit Cards Market
Adoption of New Technologies: Most of the issuers launched a platform to facilitate single-click real-time payments from consumers to merchants via their respective bank accounts. Payments between accounts of different banks, enabled by a common real-time switch have created major opportunities for real-time payment apps such as Paytm, ApplePay, WeChat Pay and others. Many FinTech players can look at developing apps to support these payments in Asia while also developing similar systems in countries such as Afghanistan, Pakistan, Bangladesh, and Nepal. Sri Lanka’s issuance of a national standard for QR-based payments has further provided a boost to the QR revolution in the Indian sub-continent. This opens up a range of opportunities for banks and financial institutions to enable QR-based payment applications. The countries should also be open to setting up a regulatory sandbox for FinTech firms to test new as well as innovative products for greater financial inclusion.
Analysts at Ken Research in their latest publication “Asia Credit Cards Market Outlook to 2025 – By Commercial and Personal Credit Cards; by Transactions at ATM and POS terminals; by Total Cards in Circulation; by Transaction Value and Volume through issuers & operators; and By Major Countries (Japan, South Korea, India, China, Indonesia, Philippines, Singapore, and Others)” believe that the Asian credit card market will increase owing to rising millennial population and the growth in the technology and FinTech in all the Asian countries. This rise is expected to boost the demand for credit card products and services in Asia owing to the requirement of both personal as well as commercial credit cards. The market is expected to witness a forecasted CAGR of 6.8% in terms of total cards in circulation and a CAGR of 7.4% in terms of total the transaction value for the period 2018-2025.
Key Segments Covered:-
Credit cards
Value of transaction by Issuer and Operator
The volume of a transaction by Issuer and Operator
Number of Credit Cards in Circulation by Issuer and Operator
Commercial and Personal Credit Cards
Transactions at ATM and POS
Countries
India
Indonesia
Malaysia
Singapore
Philippines
South Korea
China
Japan
Other Countries (Vietnam, Thailand, Hong Kong, Taiwan and Rest)
Key Target Audience
Credit/ Debit Card Operator
Credit/ Debit Card Issuers
Prepaid Card Issuers/ Operators
Local/ Foreign Bank
Reward/ Loyalty Program Business Operators
Payment gateway provider
Credit/ Debit Card Issuer
POS Device Manufacturers
Debit/ Credit Card Manufacturing companies
ATM Manufacturing Entities
Regulatory Authorities
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2025
Companies Covered in Asia Credit Card Market:-
Banks (Issuer)
HDFC, India
Bank Mandiri, Indonesia
Bank CIMB Niaga, Indonesia
UOB, Singapore
DBS, Singapore
Citibank Bhd, Malaysia
Malaysian Banking, Malaysia
Shinhan Card, South Korea
KB Kookmin, South Korea
BDO Unibank, Philippines
Metropolitan Bank, Philippines
ICBC Bank, China
China Merchants Bank, China
JCB, Japan
Credit Saison, Japan
Others (SBI India, Bank CIMB Niaga Indonesia, Bank Mega, Citibank, HSBC Holdings Plc, Rizal Commercial Banking CORP (RCBC) and Rest)
Operators
Visa Inc.
MasterCard
American Express
Bank Central Asia
Union Pay International
Others (Shinhan Card, BC Card, Petron Corp, Taiwan Rakuten Card and Rest)
Key Topics Covered in the Report:-
Asia Credit Cards Market Overview and Genesis
Asia Credit Cards Market Value Chain and Business Model Analysis
Asia Credit Cards Market Size
Trends and Developments in Asia Credit card Market
Issues and Challenges in Asia Credit Cards Market
SWOT Analysis of Asia Credit Cards Market
Regulatory Landscape in Asia Credit Cards market
Asia Credit Card Market Future Outlook and Projections
Country Profiles (Japan, South Korea, India, China, Indonesia, Malaysia, Philippines, and Singapore) within Asia Credit Cards Market
Analyst Recommendations in Asia Credit Cards Market
Success Case Study in Asia Credit Cards Market
For Information Click On the Below Mentioned Link:-
Related Reports by Ken Research:-
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: Asia

Philippines Agricultural Equipment Market Research Report to 2023: Ken Research

How is Agriculture Equipments Market Positioned in Philippines?
Agricultural Equipment Market started to boom with the introduction of rice combine harvesters by Kubota in 2010. During the initial years, farmers were hesitant in adopting these equipments as they had no knowledge about usage of these equipments and also feared losing their job. However, growing support from the government and private investors, helped in enhancing farm mechanization in the country. Agricultural Equipment Market in Philippines is import driven. Domestic demand for equipments is principally met through imports which are primarily imported from countries such as Thailand, Japan, China, US, Korea and India. The major stakeholders in the market are international OEMs, domestic distributors and handful domestic OEMs who import machine parts and combine it to complete the assembling of the machine. Philippines Agricultural Equipment Market size (based on volume) increased from ~ units in 2013 to ~ units in 2018 registering a positive CAGR of ~% in terms of volume during 2013-2018. On the other hand, the revenue increased from USD ~ million in 2013 to USD ~ million in 2018 recording a CAGR of ~% during the period 2013-2018. The market growth is fuelled by increasing government subsidies for farm mechanization, training programs organized by DA, increasing adoption of smart farm methods, increased awareness towards farm machine mechanization and growing use of drone technology.

Philippines Agriculture Equipment Market Segmentation
By Product Type: Tractors recorded the highest sales amounting to ~ units sold in 2018 owing to its wide usage in farming applications including seed bed preparation, sowing and planting, weed removal, plant protection, harvesting and post harvesting. The high cost of machine makes it difficult for farmers who are financially weak to afford tractor that has led to emergence of equipment leasing business in the country which in turn has led to easy affordability of the most basic farm equipment. This was followed by tillage equipments including ploughs, harrows and rotovators registered for ~ units sold in 2018. Third highest contribution was made by the sales of combine harvesters holding ~% share in the equipment market. Planters, seeders and transplanters occupied the least market share as equipments such as tractors and tillage equipments can be put to varied use and hence can carry out the same work with higher efficiency and reduced time.

By Region: Luzon has been the hotspot for the sales of agriculture equipment accounting to ~ units sold in 2018. This can be directly associated with Luzon being the heart of agriculture in the country that has led to increasing demand for agricultural equipments in the area. This is followed by Visayas, registering ~ units sold owing to huge volume of sugarcane produced in the region. Mindanao occupied the least market share with ~ units sold. The region is under constant terror threat that hampers the development of the region and ultimately reduces the demand for farm equipment in the region.

By Place of Production: Philippines Agricultural Equipment Market is dominated largely by imports accounting to ~% market share in 2018. All major imports were majorly carried out from Thailand, China and Japan during the review period (2013-18).

How Competition Scenario Works In Philippines Agriculture Equipment Market?
Agricultural Equipment Market for Tractors is highly concentrated and extensively dominated by 5 international manufacturers occupying a share of over ~% in terms of sales volume in 2018, with Kubota contributing to ~% tractors sold in the country. The market for combine harvesters is also highly concentrated with 3 leading players occupying ~% market, with Kubota contributing to ~% combine harvesters sold in the same year.

Majorly all international OEMs have extensive domestic distribution networks wherein they import their machinery to serve commercial as well as small scale farmers. Dominance of international manufacturers is a consequence of the trust and brand value attached with the products of these players thus making it difficult for domestic OEMs to establish company name in short run. Domestic OEMs also lack in technical expertise and initial investment required for manufacturing the machines, keeping their share very low in the market. Leading international manufacturers as per the revenue earned in 2018 include Kubota, Yanmar, Massey Ferguson, CNH (Case IH & New Holland) and John Deere.  The international manufacturers conduct operations in South Africa through their authorized distribution and dealership network. Major competing parameters for the entities include price of equipment, brand image, after sales services, distribution and dealership network, quality of product and marketing and Promotion of the products, product portfolio, years of establishment and digitalization brought in the equipments.

Key Segments Covered
By Product Type
Tractors
Combine Harvesters
Planters, Seeders and Transplanters
Tillage Equipment (Ploughs, Harrows and Rotovators)

By Tractor Segment
Upto 60 Hp
Between 61-130 Hp
Above 130 Hp

By Production
Imported
Domestically Manufactured

By Region
Luzon
Visayas
Mindanao

Key Target Audience
Agricultural Equipment Companies
New Market Entrants- Domestic OEMs
New Market Entrants- Foreign OEMs
Agricultural Equipment Financing Companies
Government Bodies
Investors & Venture Capital Firms
Agricultural Equipment Manufacturers
Agricultural Equipment Distributors
Agricultural Equipment Associations

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023E

Major Companies Covered:
Kubota
Yanmar
Massey Ferguson
CNH (Case IH & New Holland)
John Deere
McCormick
Landini

Key Topics Covered in the Report
Executive Summary
Research Methodology
Philippines Agriculture Equipment Market Overview
Philippines Agriculture Equipment Market Size, 2013-2018
Philippines Agriculture Equipment Market Segmentation, 2018
Growth Drivers in Philippines Agriculture Equipment Market
Issues and Challenges in Philippines Agriculture Equipment Market
Regulatory Framework
Snapshots on Equipment Financing and Rentals, After Market Services and Diesel Engines
Competitive Landscape
Company Profiles of Major Players
Philippines Agriculture Equipment Future Outlook and Projections, 2018-2023E
Philippines Agriculture Equipment Future Segmentation, 2018 - 2023E
Analyst Recommendations

For more information, refer to below link:
Philippines Agricultural Equipment Market Outlook to 2023

Related Reports
Europe Agriculture Equipment Market Outlook To 2023 - By Type (Tractors, Harvesting Equipment, Soil Preparation And Cultivation Equipment, Haymaking Equipment, Crop Protection Equipment, Transport And Handling Equipments And Other Agricultural Equipment); And By Major Countries (Germany, France, Italy, UK, Poland, Spain And Others)

Brazil Agricultural Equipment Market Outlook To 2023 - By Product Type (Tractors, Combine Harvesters, Tillage Equipment, Precision Farming Equipments, Planters & Seeders And Others), By Domestic Production & Imports And By Region (South, North, Midwest And Mideast)

South Africa Agricultural Equipment Market Outlook To 2025-By Product Type (Tractors, Tillage Equipment, Planters & Seeders, Sprayers, Combine Harvesters, Precision Farming And Others); By Domestic Sales And Import; By Region (Free State, Mpumalanga, Kwa Zulu Natal And Others)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Increase in Demand for Electricity Generation Expected to Drive Global Transformer Cores Market: Ken Research

Transformer core is a basic material involved in the manufacturing of transformers and power transmission system for heat dispersion, insulation, and reduction of electricity losses. It encompasses primary, secondary and tertiary metallic meandering used in diverse grades. They are fitted in transformers that depend upon the transformer type and its capacity. A low reluctance magnetic path identified as the core of the transformer, common to all the windings, upsurges the overall efficiency of transformers. The efficiency of the transformer depends on the flux linkages between the core windings. The cores help in EMI shielding and maintaining uninterrupted power transmission to increase the overall efficiency of transformers that hinge on the links between the flux and core windings.
According to study, “Global Transformer Cores Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global transformer cores market are Mitsubishi Electric, HYOSUNG, ABB Ltd., TOSHIBA, SIEMENS, SGB-SMIT, Alstom, Fuji Electric, Hitachi, TDK, ZTR, Efacec, CG, Fair-Rite Products Corp., SPX, Ferroxcube, Laird, Wujiang Transformer, TBEA, Tianwei Group, JSHP Transformer, Liye Power Transformer, China XD Group, Luneng Mount.Tai Electric, Dachi Electric, Sanbian Sci-Tech, Qiantang River Electric, Gaotune technologies, AT&M. The key players are directing towards the launch of innovative & efficient products to endure stiff competition in the global market. They are allocating considerable funds to the research & development (R&D) of enhanced products to cater to the customer requirements.
Based on material type, transformer cores market is segmented into solid cores and steel laminated cores. Based on design, market is segmented into shell-core and closed-core. Shell-core design includes E-I Lamination and E-E Lamination. Whereas closed-core design includes L-L Lamination and U-I Lamination. In addition, based on type, market is segmented into distribution transformers, power transformers and others (isolation transformers and auto transformers). Power transformers accounts for major share in market owing to rise in demand for electricity generation.
The transformer cores market is driven by growth in transmission & expansion to integrate renewable energy resources, followed by rapid industrialization & urbanization, increase in number of power transformers, rise in infrastructural development, increase in investments in grid renovation projects in developing economies and rise in demand for electricity generation. However, change in regulatory environment and volatile prices of raw materials may impact the market. Moreover, increase in green initiatives and New Power Generation & Distribution Projects are key opportunities for market.
Based on geography, the Asian-Pacific region dominates the transformer cores market, followed by European region owing to rise in population, increase in economy, rise in need for integration of renewable sources of energy for electricity generation and growth in demand for sustainable sources of energy in the region. Whereas, the North-American region is estimated to witness higher growth rate due to mature market and rise in number of commercial buildings such as multiplexes, shopping malls and offices over the forecast period. In upcoming years, it is predicted that future of the market will be bright on account of rise in demand for electricity and growth in number of power projects during the forecast period.
To know more, click on the link below:-
Global Transformer Cores Market Research Report
Related Reports:-
Transformer Cores Market (Distribution Transformer and Power Transformer) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 - 2021
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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Brazil Medical Device Market will be Driven by Increasing Number of Healthcare Establishments and Growth in Elderly Population: Ken Research

“Rising importance of affordable healthcare facilities and growth in the number of lifestyle-related disease patients in the country have driven the medical device sector in Brazil”
Analysts at Ken Research in their latest publication “Brazil Medical Device Market Outlook to 2025 - by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), The channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics, and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West, and North)” observed that medical device in Brazil is in growth stage and it can be further expanded through rising healthcare expenditure, increasing healthcare establishments and increasing penetration of medical insurance. The market is expected to register a positive CAGR of 5.8% in terms of revenue during the forecast period 2018-2025F.
Rise in Chronic Diseases and Lifestyle Changes: Lifestyle-related changes have resulted in a growing number of patients with cardiac disorders and life-threatening diseases like cancer. This has led to positive growth in the sector such as diagnostic imaging as more number of catheterization labs and nuclear medicine, screening facilities have to be established for the diagnosis of patients in order to provide a customized solution. This, in turn, has led to healthy growth for the medical device sector. Also, newer technologies enable predictive analytics which has helped in assessing disease penetration and the decision-making process of end-users like hospitals and diagnostic labs.
Brazil Medical Device Market
Growing Healthcare Expenditure: The per capita healthcare expenditure stood at USD 1,093.6 in 2018. The government has been taking the regular initiative to increase this expenditure in order to improve the penetration of healthcare services in remote areas, bring innovation in patient-friendly solution and improve clinical outcomes. An increase in public healthcare expenditure has led to successive Greenfield and Brownfield growth in the hospital sector. Consequentially, this has led to an increase in revenue of the medical device industry as new capital systems, upgraded with the latest technology are being installed at various healthcare facilities.
Growing Elderly Population: the Rising elderly population has led to higher demand for various types of medical procedures which has complemented the number of tests, treatments, and medical procedures being conducted in the country. The elderly population of Brazil stood at 15.1 million in 2013 and increased to 18.7 million in 2018. Inclusion of higher workload and sophisticated systems based on machine learning, the cloud sharing platform has improved the scope of precision and laboratory medicine which has complemented the revenue of the industry with an increase in workload in the industry.
Key Segments Covered:-
By Business Activity
Import
Local Production)
By Sales Channel
Distributor
Direct Sales
By Type of Device
Reagents for In-Vitro Diagnostics
Materials and Supplies
Laboratory Equipment
Orthosis and Prosthesis
Diagnostic Imaging and Supplies
Dentistry Equipments
Hospital Furniture
Other Hospital Equipments
By Type of End-User
Hospital
Clinics
Diagnostic Lab Centers and Others
By Region
South-East
South
North-East
Mid-West
North
Key Target Audience
Medical Device Manufacturers
Medical Device Distributors
Medical Device Importers
Government Agencies
IVD Device Companies
Orthopedic Device Companies
Hospital Furniture Manufacturers
Diagnostic Imaging Device Companies
Time Period Captured in the Report:
Historical Period: 2013- 2018
Forecast Period: 2019 – 2025
Companies Covered:
J&J Medical
Medtronic
Baxter International Becton and Dickinson
Boston Scientific
Braun
Terumo Medical Corporation
Edwards Life Sciences
Stryker International
Adavium
Geratherm
Key Topics Covered in the Report:-
Brazil Medical Device Market
Brazil Medical Device Industry
Brazil IVD Reagent Market
Brazil Patient Aid Market
Brazil Diagnostic Imaging Market
Brazil Laboratory Equipment Market
Brazil Hospital Equipment Market Manufacturers
Brazil Dentistry Equipment Market
Brazil Orthopedic Device Market
Brazil Diagnostic Supplies Market
Brazil Medical Consumables Market
Brazil Hospital Furniture Market
Brazil Medical Device Market Regulation
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Brazil
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