Wednesday, July 1, 2020

COVID-19 Impact on Malaysia Automotive Lubricant Market Slow Auto Sales Curb Industry Growth: Ken Research

Malaysia automotive sales a slowdown will lead to a decrease in demand for auto lubricants. Companies need to evolve their product offerings and develop a reliable lubricant distribution network to maintain a competitive edge in the industry and to recover its sales.
Effect on Business
Auto sales already faced a downfall in 2019, but in 2020 the industry is projected to experience a drastic fall due to economic slowdown around the globe because of coronavirus pandemic. According to Malaysia Automotive Association, in 2020, vehicle sales dropped from 44,403 units in February to 22,478 units in March. Companies such as Petronas experienced 80% in lubricant sales during the period of March 2020-May 2020. Overall, in 2020, vehicle sales are expected to fall by 20-30%.
Due to the implementation of a nationwide lockdown, the existing vehicles on road have also traveled less distance and will, therefore, require fewer engine oil change. On average, during normalcy a passenger car, a motorcycle, and a truck change engine oil 3-4 times, 2-3 times, and 3-4 times per annum respectively. However, in 2020 vehicle owners are expected to change engine oil only once or twice. Companies are planning to continue work from home for a longer time to ensure employee safety as well as to safe on OPEX. The majority of tourists visit Malaysia Between December to March but in 2020 there was a drastic fall especially in March and April as International travel to and fro was restricted from Mid-March.
Way Forward
Strategic efforts by lubricant manufacturers and distributors can ensure recovery in auto lubricant by 2024. The lubricant producers should focus on the development and expansion of the distribution channels to boost sales. Partnership with workshop owners, building better communication with distributors and training distributors will boost offline sales. However, with growing traction to the e-commerce industry, the companies should focus on promoting online sales. Vehicle owners currently do not prefer buying lubricants online.
Key Segments Covered: -
By End User Industry
Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine
By Grade
Synthetic
Semi-Synthetic
Mineral
By Type
Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Grease
Gear oil and Transmission Oil
Hydraulic Oil
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
Companies Covered:
Shell
Castrol
Petronas
Total
Caltex Chevron
Exxon Mobil
Key Target Audience
Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations
Time Period Captured in the Report: -
Historical Period: 2014–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practices in Business
Pricing Analysis
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Malaysia

Tuesday, June 30, 2020

Growth in Travel and Tourism Industry Expected to Drive Global Motor Home Market: Ken Research

A motorhome is a type of self-propelled recreational vehicle (RV) which offers living accommodation blended with a car engine. Motorhomes include motors or trailers designed or modified for endeavor or delight activities which include holidays and camping, each on and stale highways. Motorhomes are ready with facilities consisting of dozing, kitchen, and rest room for use for the duration of tour and camping. Some of them have sound asleep accommodation for 2 to eight people, and these vehicles are concern to the identical registration and licensing as other cars. Motorhomes are widely used for get-away sports as well as typically utilized crosswise over different sports just like the celebration, shows, and multi-day occasions. Motorhomes have a further preferred function of diminishing excursion fees over other normal get-away sporting activities. There are many advantages of motorhome market that includes journeying along with convenience, comfort, family appeal, affordability, the lure of the outdoors and adaptability. Motorhomes come with all the centers inclusive of kitchen, king-size bed, a washer and dryer, tv set, recessed lighting, a double-huge refrigerator, and a running fireplace.

According to study, “Motor Home Global Market Report 2019” the key companies operating in the global motor home market are Winnebago Industries Inc., Tiffin Motorhomes Inc., Berkshire Hathaway, Entegra Coach, Coachmen, Hymer GmbH & Co. KG, Advanced RV, Caravans International CI, Entegra Coach, Dethleffs GmbH & Co. KG, Forest River Inc., Challenger, American Coach, Auto-Trail, Fleetwood, Rimor, Hobby, Chausson, KNAUS, Mobilvetta, Adria Mobil. The key players are consolidating their sales by further reducing the costs, however smaller players are focusing adding new product launches and expansions.

Based on type, motor home market is segmented into Class A, Class B, Class B+ and Class C. Class C provide better fuel efficiency than the Class A or B motorhomes. Their size varies from 20 ft-33 ft. Based on product, market is segmented into self-contained motor homes assembling, van and minivan conversions. Based on application, market is segmented into Business Activities and Leisure Activities. In addition, based on end-user, market is segmented into direct buyers and fleet owners.

The motor home market is driven by increase in the adoption rate of motorhomes by the younger generation, followed by growth in economy, rise in requirement for a motorhome rental, increase in number of people owning the motorhomes for household purposes and growth in advent of motorhomes with technological improvements. However, rise in the manufacturing cost for motor home may impact the market. Additionally, the most significant trends of the motor homes manufacturing industry consist of using the upcoming solar powered equipped motor homes that are basically electric motorhomes powered by solar panels and a battery pack.

Based on geography, North-American region dominates the global motorhome market owing to growth in travel and tourism in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to increase the interest of young and old generation in motorhomes over the forecast period. In near future, it is predicated that the market will be reached at rapid pace on account of increase in technological advancements and high-tech featured motorhomes coupled with growth in population during the forecast period.

For More Information, Click on the Link Below:-
Global Motor Home Market

Related Report:
Motor Home Global Market Forecast to 2022

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Rapid Growth in Construction Industry Expected to Drive Global Mineral Products Market: Ken Research

The minerals are the naturally occurring, inorganic solids, with a characteristic chemical composition, having a regular atomic structure throughout. The mineral product manufacturing comprise of sales of mineral products over different organizations that offers different products such as bricks, refractories, ceramic products, and glass and glass products, plate glass and containers. The market further comprise of companies that are associated to cement and concrete products, lime, gypsum and other nonmetallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool. The advanced ceramics plays a cost effective role and is considered to be better providing better alternatives to metals, plastics and glass due to ability of offering better performance. The advanced ceramics can be identified by high chemical purity and careful processing. They are further used as thermal barrier coating by a hot part engines, ceramic composite, thermal protection system, and engine components seen in sensors and antennas.

According to study, “Mineral Products Global Market Report 2019” the key companies operating in the global mineral products market are Lafargeholcim Ltd., Compagnie de Saint-Gobain SA, Cemex SAB de CV, CRH Plc., Heidelberg Cement AG. The global market is characterized with the aid of the presence of numerous small and huge manufacturers and suppliers, making the competitive landscape highly fragmented. Competition in intense a number of the extraordinary players within the market, with maximum bigwigs outsmarting smaller regional rivals with higher products and robust distribution network. Another commonplace trend in the market is companies leveraging pricing, product differentiation, customization, and preservation services to grow their marketplace share.

Based on type, mineral products market is segmented into glass & glass product manufacturing, cement & concrete product manufacturing, non-metallic mineral product manufacturing; lime & gypsum product manufacturing and clay product & refractory manufacturing. In addition, based on end-use, market is segmented into manufacturing, construction and others. Manufacturing segment is further sub-segmented into ready-mix concrete manufacturing, concrete pipe, brick, and block manufacturing, cement manufacturing and other concrete product manufacturing (clay building material & refractories manufacturing; pottery, ceramics, and plumbing fixture manufacturing, gypsum product manufacturing and lime product manufacturing).

The mineral products market is driven by rapid growth in the construction industry in emerging markets, followed by increase in disposable incomes across developing economies, rise in awareness about the product as well as higher demand for efficient products such as solar control glass and rise in demand for limestone, glass, and cement. However, high price associated with mineral products may impact the market. Moreover, growth in online distribution channel for mineral products is a key trend for market.

Based on geography, the Asian-Pacific region holds major share in global mineral products market owing to growth in adoption of smart glass in production of automobiles in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to higher uptake of innovative non-metallic mineral products and better technological infrastructure over the forecast period. In near future, it is expected that the market will be reached at quick pace as a result of rise in awareness about the product coupled with higher demand for efficient products such as solar control glass during the forecast period.

For More Information, Click on the Link Below:-
Global Mineral Products Market

Related Report:
Mineral Products Global Market Forecast to 2022

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Tremendous Growth of Mining Activities Expected to drive global Mining Market: Ken Research

Mining industry comprises corporations that perform by carrying out operations and tactics that are huge in size, largely time-consuming and difficult consisting of mining, quarrying, and oil and fuel extraction, and transporting. Companies in this sector extract naturally occurring mineral solids, together with coal and ores, liquid minerals, crude petroleum, and herbal gases. The time period mining is used in the broad sense to include quarrying, well operations, beneficiating that is crushing, screening, washing, and flotation of mined materials and other work carried out at a mining site.
All the mine operations consist of working mines, quarries, or oil and fuel wells. Markets inside the Mining area are classified in line with the herbal resource mined or to be mined, and there are industries that encompass groups that broaden the mine site, extract the natural resources, and/or the ones that prepare the mineral mined. In order to do mining, it requires a significant number of equipment and machinery with huge in size.
According to the study, “Mining Global Market Report 2019” the key companies operating in the global mining market are Glencore Plc., BHP Billiton Ltd, Vale SA, CRH Plc., Rio Tinto Group. Mining companies are profited from continuing recovery in the commodity prices, powered by overall economic growth. It is also expected to continue to reap such benefits with the upswing in the mining cycle by also focusing on maintaining a safe working environment for all employees. Few of the most important players presently dominate the mining market. These players with a prominent share are focusing to increase consumer bases throughout the foreign countries. These companies’ groups are leveraging on strategic collaborative initiatives to grow their market shares and boom their profitability. Mining organizations are also using new tools that include cloud-based totally HR systems, information analysis of employee performance, and real-time digital mastering to manage talent expansion.
Based on the type of mining, the mining market is segmented into support activities for mining, coal, lignite, and anthracite mining, stone mining and quarrying, general mineral mining, metal ore mining and copper, nickel, lead, and zinc mining. Based on equipment types, the market is segmented into mining drills & breakers, mineral processing machinery, crushing, underground mining machinery, pulverizing and screening equipment, surface mining equipment and other mining equipment. In addition, based on application, market is segmented into mineral mining metal mining, and coal mining.
Internet of Things technology offers miners extra insights on the operating circumstance in their equipment. Sensors on the mining equipment drive predictive protection that during flip reduces the probability of unplanned, unscheduled downtimes that often drain the assets of mining companies. IoT technology offers practical insights on machine put on and tear costs that permit miners to plan upkeep schedule accordingly. Based on geography, the Asian-Pacific is a leading region in the global mining market owing to the tremendous growth of mining activities in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to continuous government support for the development of mining and exploration over the forecast period.
For More Information on the Research Report, refer to below links: -
Related Report: –
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

Increased Government Expenditure on Infrastructure for Inter- Island Connectivity, Rising Cold Storage Investments, And Increasing Tech Penetration is Facilitating Growth in Logistics Industry in Philippines: Ken Research

Increased Government spending: The government has targeted to increase infrastructure spending to more than 5% of the country’s GDP to reduce congestion and improving road infrastructure in the metropolis. Various efforts include Bonifacio Global City-Ortigas Business Centre link road, Strong Republic Nautical Highway, the introduction of a paperless system at Port of Manila, Public-Private Partnerships deals funded by Big Companies such as San Miguel Corporation.
High seasonal demand variation: The demand for trucking in the Philippines is the highest during “Sond” Months (Sept, Oct, Nov, and Dec) where the occupancy of trucks is increased by 20-30% with price variation of 30-40% in comparison to normal freight rates due to festivals such as Christmas and New year and additional employee bonus along with benefits given to the employees at the end of the year.
Rising Supply of Cold Storages: Companies such as ORCA Cold chain, Jentec Cold storages, Royal cargo and many more have increased their pallets by more than double in the past few years. The Investments in Chiller – Freezers Convertible pallets has been rising in the country due to rising demand of eat/seafood products. The government is even giving BOI incentives such as Income tax holidays for 3-6 years, 0% VAT and others to locate in LDA or 30 poorest provinces in order to promote cold storages in the Philippines.
Rising E-commerce: Number of Internet users have risen from 47.4 million 2015 to 67.0 million in 2018 giving rise to sales of Online platforms such as Lazada, Shopee and Zalora that have started to offer 2 day and 1-day delivery along with minimum cart order. An increase in consumer spending, the popularity of e wallets such as Gcash and Smart money will provide strong growth in retail sector & thus will affect the logistics market positively.
The report titled “Philippines Logistics Market Outlook to 2024 – By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)“  provides a comprehensive analysis on the status of the logistics sector in Philippines. The report covers various aspects including the current logistics scenario, its components viz, freight transportation, warehousing, CEP, VAS, and cold chain industries, the issues and challenges, major growth drivers, investment in infrastructure, tech disruptions and innovations, 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: -
Freight Forwarding Market
By Mode of Transportation
Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)
Sea Freight (Fleets, Volume, Average Distance, Price/ton/km and Revenue)
Air Freight (Volume, Average Distance, Price/ton/km and Revenue)
By Road transportation
Less than Truck load (Revenue and Volume)
Full truck load (Revenue and Volume)
Warehousing Market
By Business Model (Revenue, Price/sqm, warehousing space, Occupancy rate)
Industrial/Retail
CFS/ICD
Cold Storage
Agriculture
By Industrial warehouses (Revenues)
Grade A
Grade B
Grade C and others
By End Users (Revenues)
Food & Beverages
Textiles and Footwear
Chemicals
Pharmaceuticals and Medical consumables
Electronics
Others include agricultural products, frozen meat and more
Cold Chain Market
By Service
Cold Transportation (Revenues)
Cold Storage (Revenues, Number of Cold storages, Number of pallets, Price/ pallet/day, Occupancy rate)
By Mode of cold transportation
Road (Revenue, reefer trucks)
Air (Revenue)
Sea (Revenue)
Revenue by Temperature Range (Revenue, Price/pallet/day)
Freezers
Chillers
Ambient
By Regions (Number of Cold storages)
Ilocos
Cagayan Valley
Central Luzon
Calabarzon and Mimaropa
Bicol
Western Visayas
Central Visayas
Eastern Visayas
Zamboanga
Northern Mindanao
Davao
Soccsksargen
Caraga
NCR
By type of ownership (Number of cold stores)
Captive
Non captive
Companies Covered
Royal Cargo
W Express (DHL)
2GO logistics
Yusen logistics
AAI logistics
FSTA Trucking
Inland Logistics
Chelsea logistics
RLH Trucking
Cartrex trucking
2SL Services
Air speed
Orient Freight International
Ernest corporation
Cadano Cargo
Pambato
Truckmoto
Mercury Freight
All Transport Network
Legalas International
Mendonza
Agility
ISA Trucking
Asia world
Fast cargo logistics
Panalpina DSV
Rhenus logistics
Nippon Express
Kerry freight
Kintetsu
MMG Freight
Antrak logistics
PRC Food Logistics
Pacific Road link logistics
EVFTC transport
Igloo supply chain
Dinotrans Transport
Refrigerated Truck Door To Door Delivery
Jentec Cold Storage
Glacier Megafridge
Mets Logistics
ORCA Cold Chain Solutions
Big Blue Logistics
Royal Cargo
Vifel cold facility
Royale Cold Storage
Key Target Audience
Freight Forwarding Companies
E Commerce Logistics Companies
3PL Companies
Consultancy Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time Period Captured in the Report: -
Historical Period – 2014-2019
Forecast Period – 2020-2024F
Key Topics Covered in the Report: -
Philippines Logistics and Warehousing Market Introduction
Logistics Infrastructure
Cross Comparison of Logistics Performance in Different Countries (Philippines, Philippines, Vietnam, Indonesia and Australia)
Philippines Logistics and Warehousing Market Size
Philippines Logistics and Warehousing Market Segmentation
Philippines Logistics and Warehousing Market Future Outlook
Philippines Logistics and Warehousing Market Future Segmentation
Philippines Freight Transportation Market Size
Philippines Freight Transportation Market Segmentation
Philippines Freight Transportation Market Future Outlook
Philippines Freight Transportation Market Future Segmentation
Philippines Trucking market size
Philippines Trucking Market Segmentation
Philippines Trucking Market Future Outlook
Philippines Trucking Market Future Segmentation
Innovations in Transportation Market
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
Posted by at No comments:
Location: Philippines
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