Tuesday, May 26, 2020

Future of Car leasing industry in UAE: Ken Research

How the UAE Leasing Industry Is Positioned?
Car leasing industry was observed to grow with a market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE market is concentrated with a mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.
The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.
Car leasing industry was observed to grow with a market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE the market is concentrated with a mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.
The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.
UAE Car Leasing Market Segmentation
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai has dominated the UAE Leasing fleet with a market share of ~% during 2019. Dubai and Abu Dhabi are populations dense emirates with the highest number of corporate, SME and government associations creating a constant demand for leased vehicles.
By Types of Cars (Economy, Pick Ups, SUV, and Luxury): An economy segment of car leasing has dominated the UAE Leasing fleet with a market share of ~% during 2019. There is high demand for economy class vehicles of brands such as Honda and Toyota that is used by rental companies and household and pickups by corporate clients for industrial use.
By Duration (1 Year, 2 Year, 3 year and 3+ Years): 2-year leasing duration has dominated the UAE Leasing fleet with a market share of ~% during 2019, followed by 3 years and 3+ years leasing. The majority leasing is for the duration of 2-3 years as it is more profitable and economical for the customers.
By Types of Car Leased (Individual and corporate):  Corporate leasing dominated the UAE Leasing fleet with a market share of ~% during 2019. The growing number of SME in Emirates, Cab Taxi & car rental companies create a demand for leased vehicles in UAE
By End-User (Facility Management, Industrial sector, Food Services, Logistics, Oil & Gas and Government & Associations): Facility Management services dominated the UAE Leasing fleet with a market share of ~% during 2019 as they are commonly used for the official purpose by the facility management companies
What Is the Competition Scenario in The UAE Car Rental Market?
Competition within the UAE Car Leasing, the market was observed to be highly concentrated along with the presence of both local and global car leasing companies. Major competing parameters include a number of office locations, Client Information, Car Brands, and Partners, Key services, Vintage, and other factors.
Key Segments Covered for Car Rental: –
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Economy
SUV
Luxury
By End User:
Corporate
Individual
By Source of Booking:
On-Airport
Off- Airport
By Duration of Car Rental:
0-1 Month
1-6 Month
6-12 Month
Key Segments Covered for Car Leasing
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Economy
SUV
Luxury
By Type of Car Leased:
Corporate
Individual
By Duration of Car Leasing:
1 Year
2 Year
3 Year
3+ Year
By End User:
Facility Management
Industrial Sector
Food Services
Logistics
Oil and Gas
Government and Associations
Others
Key Segments Covered for Limousine Car
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Limousine companies by Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Standard
Large sized
Premium
Ultra-Luxury
By Business:
Event Business
Non- Event Business
By Source of Business:
Airport
Non-Airport
By Source of Payment:
Direct from Corporate
Corporate Payments
By Purpose of Limousine:
Leisure
Corporate
Key Target Audience
Car Rental companies
Car Leasing companies
Limousine Companies
Tourisms Industries
Tour and Travel Aggregator
Automobile companies
Cab taxi companies
Cab Aggregators
Technology Provides
Investors and Venture Capitalist
Government Associations
Logistics company
Time Period Captured in the Report:
Historical Period – 2014-2019
Forecast Period – 2020-2024
Companies Covered:
Car Rental and Leasing Companies:
Thrifty Rent a Car
Emirates Transport
Hertz
Diamondlease
Massar Car Rental
Leaseplan
Shift Rent a Car
National Car Rental
Avis Rent a Car
Europcar
Budget Rent a Car
Fast Rent a Car
Dollar
AutoRent
Paramount Car Rental and Leasing
EuroStar
Sixt Rent a Car
Limousine Companies:
Dubai Taxi Corporation
Emirates Transport
CityLink Limousine
Private Limousine
Avis Limousine
Transguard Limousine
National Transport
Sharjah Roads and Transport Authority
Hot Wheels Limo
Global Wings Limousine
Cityway Limousine
Royal Falcon Limousine
Patriot Limo
Niceway Limousine
Insaf Limousine
German Limousine
Onak Limousine
Dubai Exotic Limousine
Elite Class Limousine Services
Key Topics Covered in the Report: –
Chauffeur services in UAE
Companies in UAE Car Rental Market
Corporate Limousine Car Industry in UAE
Driver services in UAE
Dubai Exotic Limousine Market Future Outlook
Economy Cars Booking in UAE
Royal Falcon Limousine Market Competitors
Sedan Cars Booking in UAE
Sharjah Limousine Car Market
Shift Rent a Car Market Revenue
Sixt Rent a Car Industry Report
Sprouting Car Rental Market in UAE
Electric cars in UAE
Emirates Transport Car Leasing Market Analysis
Future outlook of the UAE Car Rental Market
German Limousine Industry Revenue Analysis
Growth for Car Rental Industry in UAE
Hatchback Cars Booking in UAE
Hotels and Tourism industry in UAE
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: United Arab Emirates

Increasing Marketing Campaigns and Rising Awareness about High Level of TDS in Water has Influenced Growth in the Water Purifier Industry: Ken Research


Low Water Purifier Penetration: There are total 27.1 Cr households in India out of which approximately 65.8% resides in rural area whereas remaining lives in urban area as of 2018. Currently, the water purifier penetration is low in India. The combined penetration of electric and non electric purifiers is 12.2%. Out of which the penetration for electric purifier is 8.7% and for non electronic it is 3.5%.

Usage of Traditional Methods for Treating Drinking Water: As of 2018, around 65% of the population used no method for treating the drinking water. On the other hand, a big part of population still relied on using traditional water purifying method for consumption. A whopping 11% of the population used method such as filtering water with cloth, whereas approximately 8% used boiling as a method for treating drinking water.
High Amount of Contaminated Sources: More than 20 states in India showed high signs of some or the other water contamination. States such as Delhi, Uttar Pradesh, Andhra Pradesh and others have shown high TDS level in the water. Whereas states such as West Bengal, Assam, Karnataka, Odisha and others have high number of water sources with chemical and bacteriological contaminants above permissible level.

Rising Product Awareness: Companies are trying different marketing campaigns in order to educate customer and raise product awareness. Eureka Forbes started this by building a huge team of door to door sales person, which helped in educating customer and increasing the product familiarity. Then companies such as Kent RO Systems started using celebrity endorsement for connecting with a larger set of audience and reaching each and every household.

The report titled “India Water Purifier Market Outlook to FY’2025– Rising Water Contamination,Increasing Purchasing Power and More Consumer Education will drive the Market” provides a comprehensive analysis on water purifier industry in India. The report covers various aspects including the current water purifier scenario in India in value and volume, its segmentations viz, market structure, sales channel, technology, end users and region, import and export scenario, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and volume.

Key Segments Covered:-
By Market Structure
Organized
Unorganized

By Sales Channel
Offline Retail
Direct Sales
Online

By Technology
RO Water Purifier
UV Water Purifier
Gravity Water Purifier

By End Users
Residential
Industrial
Commercial

By Region
West
North
South
East

Companies Covered:-
Eureka Forbes Ltd
Kent RO Systems
Livpure
Pureit(HUL)
BlueStar
LG Electronics
Tata Swach

Key Target Audience:-
Water Purifier Manufacturers
Consumer Appliance Companies
Water Purifier OEMs/Assemblers
Water Purifier Importers/Exporters
Modern Trade Chains
Consultancy Companies

Time Period Captured in the Report:-
Historical Period – FY’2014FY’-2020
Forecast Period –FY’2021F-FY’2025F

For More Information, refer to below link:-
India Water Purifier Market

Related Reports:-
Global Water Purifiers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025
Global Faucet Water Purifier Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growing Number of MSMEs and Rising Online Penetration of Retail has Led to Emergence of Social E-Commerce Market in India: Ken Research

Government Initiatives to promote Internet: Government of India has launched initiatives to promote the access of smartphones and internet users in India. A huge amount of funding has been made in the Union Budget over the years to promote the Digital India mission of the country. Moreover, Projects such as Internet Saathi were introduced to improve internet penetration among rural women in India.
Promoting Unemployed Women: Reselling behavior is more prominent among the housewives as a source of income. More than 50% of the women resellers at social commerce platforms live outside the metros (Tier II and Tier III), with very few job opportunities. The platform of reselling allowed them to work from home at a time of their convenience and has turned them into owners of small businesses. However, 5.4 Mn women are still unemployed and can be captured to increase the reseller base.
Challenges: There are many challenges that are faced by social e-commerce players in India largely due to the target audience it caters to. Maintaining a curated list of suppliers and ensuring reseller and customer retention is a major challenge. Companies also have to ensure regular inspections on real-time inventory and quality checks in order to make every pin code in India serviceable.
Impact of COVID-19 on Social Commerce Industry: COVID-19 situation has created a strong negative impact on the Social Commerce Industry. Many companies in the industry are startups and hence faced a shortage of funds due to which the layoffs in terms of employees have been made by them for sustaining their presence in the industry. More than 50% o the employees have been forced to leave the companies. Consequently, companies added food and grocery segment in their product categories so as to ensure orders and hence recovering some of the losses faced due to this situation. However, companies in terms of logistics and deliveries faced a real challenge. With thousands of vehicles stranded & drivers not expected to resume work until the lockdown situation improves, the logistics sector is undergoing a paralysis. Some of the startups on the other hand still managed the deliveries through their regional partners.
Opportunity: Lockdown to some companies was perceived as an opportunity wherein the players focused on strategizing the ways to retain and engage customers in their free time. The number of individuals with the presence on social media has taken a surge in terms of number of accounts they have on social media like TikTok and Instagram majorly. Hence, promotion and growth strategies in terms of games & groups were introduced to deal with the situation and make the most of it.
The report titled “India Social E-Commerce Market Outlook to 2025- Driven by Growing Government  Initiatives to promote Internet & Smartphone users coupled with the rising preference of Online Shopping in Tier II & III Cities” by Ken Research suggested that major focus areas for new social commerce players in India include adding more number of resellers, providing good value a proposition, maximizing earning, product assortment, commissions & margins are good and robust backend supply.
Key Segments Covered: -
Market Size
By GMV
By Product Category
Fashion & Apparel
Home & Kitchen
Beauty Products
Electronics
Others
By Region
Tier I
Tier II
TierIII
By Number of Orders
By Gender
Female
Male
By Mode of Payment
Cash on Delivery
Net Banking, Wallets & UPIs
Debit & Credit Cards
By Device Type
Mobile
Desktops/Laptops/Tablets
Companies Covered
Meesho
Shop101
GlowRoad
Dealshare
BulBul.tv
Mall91
Simsim
Wmall
Key Target Audience
Social E-Commerce Companies
Private Equity and Venture Capital Firms
Logistics and Shipment Companies
Social Networking and Media Companies
Horizontal and Vertical E-Commerce Players
Time Period Captured in the Report: -
Historical Period – FY’17- FY’20
Forecast Period – FY’21 – FY’25
Key Topics Covered in the Report: -
India Social E-Commerce Market Introduction
India Social E-Commerce Market Size
India Social E-Commerce Market Segmentation
India Social E-Commerce Market Future Outlook
India Social E-Commerce Market Future Segmentation
Issues and Challenges
Company Profile of Major Social Commerce Startups (Product Portfolio, User Base, Geographical Presence, Suppliers & Resellers, Current & Future Strategy, Logistics and Technological Partners)
Success and Failure Case Study
India Social Media Players Snapshot
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: India
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