Rise in Adoption of the Internet-of-things (IoT) anticipated to Drive Global Home Automation Systems Market: Ken Research

Buy Now

Home automation is a system with a network of hardware electronic interfaces communication that combines hardware and software which gives the user control over the devices & appliances inside the house premises. It is building automation, also referred to as a smart house or smart home. The devices are connected with each other through the internet and also can be managed via smartphone or tablet even from miles away.

According to study, “Global Home Automation Systems Market by System Component, Software Algorithm, Product, Service Type, Technology, and Region 2014-2025: Growth Opportunity and Business Strategy” the key companies operating in the global home automation system market are ABB Ltd., Control4 Corporation, Amx LLC (Harman), Johnson Controls, Inc., Crestron Electronics, Inc., Ingersoll-Rand PLC, Honeywell International Inc., Leviton Manufacturing Company, Inc., Legrand, Schneider Electric SE, Lutron, Zigbee Alliance, Savant Systems LLC., Siemens AG.

Based on the type, home automation system market is segmented into the luxury home automation system, managed home automation system, mainstream home automation system and DIY (Do It Yourself) home automation system. Based on the product, the market is segmented into security and access control, lighting control, entertainment control, HVAC control, and other controls. Security and access control include storage devices, security cameras, biometric access control (Iris recognition, facial recognition, and fingerprint recognition) and non-biometric control. Lighting controls include timers, relays, daylight sensors, switches, occupancy sensors, dimmers, and others. Entertainment controls include home theater system controls, audio, volume & multimedia controls and touchscreens & keypads. HVAC controls include sensors, smart thermostats, control valves, actuators, dampers, pumps & fans, smart vents, and heating & cooling coils. Additionally, other controls include smart locks, smart meters, smart detectors, smart hubs, and smart plugs. Based on software & algorithm, the market is segmented into proactive and behavioral. In addition, based on protocol and technologies, the market is segmented into protocol & standard, network technologies, and wireless communication technologies. Protocol & the standard includes National Electrical Manufacturers Association (NEMA), Digital Multiplexer (DMX), Building Automation and Control Network (BACnet), Digital Addressable Lighting Interface (DALI), KNX, black box, Lon-works, Modbus, Power Line Communication (PWC), Ethernet, and others. Network technologies include GSM/HSPA networks, CDMA networks, and LTE networks. Additionally, wireless communication technologies include Z-wave, Zigbee, WI-FI, Enocean, Bluetooth, and thread.

The home automation system market is driven by the rapid proliferation of smartphones & smart gadgets, followed by growth in the Internet of Things (IoT), cost reduction measures enabled by home automation systems, increase in importance of home monitoring from remote locations and a large number of manufacturers expanding their product portfolios. However, the risk of device malfunctioning and market is more convenience-driven than necessity-driven may impact the market. Moreover, favorable government regulations in several countries and lighting controllers to incorporate in-built data connectivity technology are key opportunities for the market.

Based on geography, the North-American region holds a significant share in the home automation system market owing to a huge user base along with the presence of a majority of key players in the market. Whereas, the Asian-pacific region and European regions are projected to witness higher CAGR due to the rise in income level of the consumers of end users along with the incentive taken by the government eventually promoting market over the forecast period. In near future, it is predicted that the market will be reached at a rapid pace on an account of the increase in shift of customer focus from traditional houses to smart homes coupled with a change in luxurious and elegant lifestyle during the forecast period.

For More Information on the Research Report, refer to below links: -

Global Home Automation Systems Market

Related Report: –

Europe Home Automation Systems Market by System Component, Software Algorithm, Product, Service Type, Technology, and Country 2014-2025: Growth Opportunity and Business Strategy

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Extensive Growth In Landscape Of Vietnam Cashew Market Outlook: Ken Research

Cashew nuts are comestible kidney-shaped nuts, gorgeous in oil and protein, and are roasted and bombarded before eaten. Oil extracted from the shells is utilized as a lubricant, in the introduction of plastics.

According to the report analysis, ‘Vietnam Cashew Comprehensive Report Q1/2020’ states that in the Vietnam cashew market there are several corporates which presently operating more actively for leading the fastest market growth and registering the handsome value of market share around the region throughout the region while spreading the awareness related to the applications of cashew, delivering the better consumer satisfaction, decreasing the linked price, employing the young workforce, increasing the applications, productivity, durability and strength of the cashew, accepting the profitable strategies and studying the strategies of competitor’s includes OLAM Vietnam Co.,ltd, Hoang Gia Luan Trading service Co.,ltd, Long Son JSC, Hoang Son JSC, Trading production Co.,ltd, Cao Phat Co.,Ltd, Rals International Vietnam Co.,ltd, Hai Viet Co.,ltd, Long An Food Processing Export JSC, Thao Nguyen Co.,ltd and several others.

In addition, Cashew is grownup majorly in India, Ivory Coast, Brazil and Vietnam. The raw cashew established volume sustained to augment with a CARG of 3% throughout the crop 2009/2010-2018/2019. During the 2018/2019 crop, India was the world's greatest raw cashew manufacturer, registering for 22.32% of the worldswide raw cashew production.

Vietnam is recently the principal exporter of cashew nuts in the worldwide with the export volume dominating for 55% of the worldwide production in 2018. Despite being the world's greatest cashew exporter, Vietnam Cashew industry is still facing several challenges, the domestic introduction only meets around one-third of the requirement of export processing enterprises.

Furthermore, Vietnam is resounding out high-density planting, commercial farming, and seed programs to guarantee great yields. It also capitalized profoundly in mechanizing the whole cashew processing to safeguard on labor, and bring steadiness and cost competitiveness. During the last eight years, Vietnam had augmented its existence to over 85 regions. It is the greatest supplier of cashew to the United States, China, Australia, Canada, and New Zealand.

In the foremost 9 months of 2019, the processing originalities exported thousand tons of cashew of all classes, the export turnover grasped millions USD. Vietnam cashew exports sustained to control the leading position in the globe, registering for 50% of the processed raw cashew capacity and over 60% of the cashew nuts exported across the globe.

The panorama of Vietnam's cashew industry still has several growth choices in the coming years owing to the augmenting requirement for nuts and dried fruits to safeguard the health of customers in the world. Several businesses are aggressively researching to bring to the market several traditional dishes and cakes that utilize the raw materials as cashew kernels.

In 2018, most businesses in the industry had positive growth in net revenue and the average net revenue growth rate of the whole industry reached 0.57% due to the remarkable growth of cashew exports in 2018, the record cashew processing production as well as the stability of the market and the rise of export prices. Therefore, in the near duration, it is predicted that the market of cashew will increase around the region more significantly over the coming years.

For More Information, refer to below link:-

Vietnam Cashew Market

Related Report:-

Global Dried Cashew Nut Snack Market Research (2015-2019) and Future Forecast (2020-2025)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Stainless Steel Tile Market Research Report: Ken Research

Global Stainless Steel Tile Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2026. Stainless steel tiles are used in kitchens, bathrooms, doors and windows panel and factories due to their properties of non-corrosiveness and durability in nature. New designable stainless steel tiles are desirable nowadays as they are customized according to the interior and easily cleanable. During the COVID -19 pandemics, the manufacturing companies are non-functional prioritizing labor safety and following other government regulations. Global Stainless Steel Market may observe aggressive impact of COVID and decline in short term profit margins, also it may demand for the revised business strategies. Weak demand and over supply affects the financials of the companies. The fall in the Global Stainless Steel Market is temporary as in future when the government tenders for the major infrastructure projects, the rise in the industry will be observed. Major factors leading growth in this market is growth in construction sector. . As these tiles are extensively used in construction sector as it offers durability and it is also available in satin or matte finish so it is also easier to clean and maintain hygiene than other materials which make its demand high. Stainless steel is cold and so in the low temperature areas, it may be avoidable. Also, it may be dented easily while cleaning as compared to ceramic tiles, this may be the restraining factor in the growth of Global Stainless Steel Market.

The regional analysis of global Stainless Steel Tile market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:

Arizona tile L.L.C. (US)

Eden Mosaic Tile (Canada)

Metal Tile Co (US)

Dal-Tile Group, Inc. (US)

Inoxia, Inc. (US)

Stainless Steel Tile (US)

Tilebar (US)

Foshan Hermdeco Steel Co., Ltd. (China)

SS Tile and Stone Inc. (Canada)

Hoba Steel GmbH (Germany)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Rectangle Type

Others

By Application:

Commercial

Residential

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year-2016, 2017, 2018

Base year-2019

Forecast period-2020 to 2026

Target Audience of the Global Stainless Steel Tile Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

For More Information, Click on the Link Below:-

Global Stainless Steel Tile Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth in Food Processing Market Outlook: Ken Research

Processing of food contains conversion from one form to another. The Food processing majorly consists of three varieties, primary, secondary and tertiary food processing. Primary food processing includes the processing of food to create it edible. The secondary processing involves processing the ingredients into accustomed foods such as bread, whereas tertiary food processing contains the obesity-based products as an instance comprehending the high sugar or low fibers. With the support of several food processing ingredients, the requirement for the processed foods is being gratified.

According to the report analysis, ‘Food Processing Comprehensive Report Q1/2020’ states that in the food processing market there are several corporates which presently operating more effectively for leading the highest market growth and registering the handsome value of market share around the globe more effectively over the incoming duration while delivering the better consumer satisfaction, decreasing the linked price, spreading the awareness related to the food processing products, employing the young work force, increasing the applications, durability, strength, and productivity of the product, employing the young workforce and implementing the policies of profit making includes Acecook Vietnam JSC, Vinh Hoan Joint Stock Company, Bien Dong Seafood,. Co.Ltd, Quang Ngai sugar JSC, Orion Vina Food Co., Ltd, Minh Phu Seafood Corp, Masan consumer, Vedan (Vietnam) Enterprise Corp., Ltd, International Development & Investment Corporation and several others.

In the report, the market outlook segment majorly encompasses the fundamental dynamics of the market which involve drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are essential aspects whereas opportunities and challenges are extrinsic aspects of the market.

However, the large players in the food processing market are positively functioning and implementing the profitable strategies such as joint ventures, mergers and acquisitions, new product development, amalgamation, collaborations, partnerships and several others for ruling across the globe, generating the high percentage of revenue, dominating the handsome value of market share and obtaining the competitive edge across the several regions.

There has been an effective augment in the requirement for the processed food items in today’s world. The Alcoholic beverages consumption, and ready to make food consumptions are advancing the growth of the food processing ingredient market. In addition, exterior aspect such as changing lifestyle and positive augment in the number of working women are advancing more common consumption of ready to eat food products which are eventually boosting the market. However, with an augment in existences of the food-related frauds and unpredictable cost of raw materials are limiting the growth of food processing market.

Based on the region, the market of food processing is spread around the globe whereas, it is predicted that the African regions and Vietnam economy dominate the handsome value of market share while spreading the awareness related to the such products, advancing the applications of production technologies, implementing the profitable strategies and several others. Therefore, in the coming years, it is anticipated that the market of food processing will increase around the globe more positively over the forthcoming duration with the effective amount of investment by the prevailing and coming players.

For More Information, Click on the Link Below:-

Global Food Processing Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best Press Release Submission Services in India: Ken Research

The services of press release distribution are chiefly the assemblage that delivers the press releases structured by the several brands to the public and their objective consumers. The traditional and new-generation public relations (PR) agencies monitor the press releases to the journalists, news agencies, and online/printed media. When the transference out presses releases, the distribution services choose the principal journalists or new agencies that are conviction leaders across the society. The distribution of press releases is compatibly important as the writing technique of the press release.

However, coarsely we are frequently quizzed is where do you send a press release and what are the free press release submission websites and Free Press Release Submission Services. So, if you are going through with such content, then chances are you have already written one and now obliged to find out how to do a press release obedience. That’s why we have entirely restructured our attendant to the press release submission sites for the review duration.

Meanwhile, the free distribution may obtain your press release in front of some media orifices, receiving it in front of the accurate and truthful society during the factual time is both prosperous and time-consuming. Nevertheless, the Hire eReleases, an international press release distribution services, to deliver your press release to confirmed emails for the journalists and media channels. With a current percentage the conveyance achieves proportion, this means that eReleases become your press release in front of the nearly handsome volume of the journalists and carrying your syndication across the globe.

Although, the major consensus in the interior SEO the industry is that the press release submission site is no perpetual a talented means of familiarizing the skillful backlinks. The exciting story short, a few years back the Google got fed up with the human beings misrule these podiums to section the backlinks.

In conclusion, superlative momentous press release submission websites now set all the backlinks controlled in the press release as no follow by default. This means no connotation equity is conceded onto the website that’s being associated with. For instance, some Paid and Free Press Release Submission Service still offer backlinks, the assistance is going to be unimportant in the current development.

Unarguably, the Ken Research is a superseding press release distributor that lets you reach out to a wide-ranging pool of journalists and prominent bloggers. They also sponsor the multimedia distribution and media contact administration. The capacity the recover directing which will counterpart along with the reporters with the comparable comforts, auspicious the achievement of your press release procedure. Hence, the Free Press Release Distribution Services are one of the most accurate and requisite parts of any of the marketing program. It can be so operational to distribute the material associated with the business, product, and services crossways the world. The optimistic exploitation of the press releases is done to send out the innovative items of all the changeability and send them as approximately as you can.

Furthermore, the press release will be distributed bestowing to your position in a line. However, to succumb a release with the free press release, you must catalog a fresh account. Once you have done so, you will be proficient to submit your first press release within a matter of chronicles.

For more information, refer to below link: –

Free Press Release Distribution Services

Related Post: –

Online Press Release Distribution Site: Ken Research

Contact Us: 

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Massive Growth In Vietnam Real Estate Market Outlook: Ken Research

According to the report analysis, ‘Vietnams real - estate market report Q1/2020 Comprehensive’ states that in Vietnam real estate market there are several corporates which presently operating more significantly for leading the fastest market growth and dominating the handsome value of market share around the globe in the near duration while delivering the better consumer satisfaction, decreasing the linked price, developing the applications of the services, spreading the awareness related to the real estate, employing the young workforce and studying the government’s guidelines includes Vingroup, No-Va Real Estate Investment Corporation, FLC Group, KhangDien Housing Investment & Trading JSC, Nam Long Investment JSC, DatXanh Real Estate Service & Construction JSC, Kinh Bac City Development Share Holding Corporation, Quoc Cuong Gia Lai Joint Stock Company, Phat Dat Real Estate Development JSC, Binh Duong Construction and Development JSC and several others.

However, in 2019, foreign investors endure to obtain the upper hand in protruding M&A events in the Vietnam's real estate market. Retail: enthusiastic movements when the supply (in Hanoi) and the average immersion rate augment. Office: new supply is still forthcoming from Grade B offices. Rents have augmented steadily owing to the meeting consumer necessities, with residence rates of over 90%. Industrial park: Constant supply. Occupancy rate, rent is continuously advancing. Apartments for rent: Hanoi markets in the fourth quarter with supplementary Grade A apartments, HCMC market. HCM did not record supplementary supply, prices and vacancy rates were preserved stable.

Hotel: supply depleted in both locations, prices and occupancy rates augmented sharply owing to the augment in tourists. Apartments for sale: The supply has augmented in both Hanoi and Ho Chi Minh City. HCM, sales augmented owing to the market requirement is still very great. Villa, adjacent: Hanoi endures to record growth in both new supply as well as the amount of units sold in the city.

Not only has this, the effective growth in the urbanization and enlargement in the real estate construction projects are the foremost drivers for the real estate sector in the Vietnam. More number of Vietnamese is affecting to urban areas and is implementing better approaches of living and the difference among the rich and the poor is on the deterioration leading to growth in the middle-class populace that can afford to purchase properties. Moreover, a great chunk of the populace functions in the large number of BPO’s and MNCs, which are predicted to rise, leading to an augment in the requirement for commercial spaces.

The organized and unorganized players in the Vietnam real estate market are effective adopting the policies of joint ventures, mergers and acquisitions, partnerships, amalgamation, collaborations and several others for obtaining the competitive edge, ruling across the globe, dominating the handsome amount of share and generating the handsome percentage of revenue throughout the coming years. Therefore, in the near years, it is predicted that the market of real estate will increase around the Vietnam more actively over the forthcoming duration along the effective amount of investment by prevailing and coming companies.

For More Information, refer to below link:-

Vietnam Real Estate Market

Related Report:-

Qatar Real Estate Market Outlook 2021 - Economic Diversification and FIFA World Cup 2022 to Support Infrastructure Development

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Effective Advancement In Vietnam Sugar Market Outlook: Ken Research

According to the report analysis, ‘Vietnam Sugar Comprehensive Report Q1/2020’ states that in the Vietnam sugar market there are several corporates which recently performing more significantly for leading the fastest market growth and dominating the effective value of market share across the region throughout the coming duration while developing the productivity, durability and applications of the sugar, spreading the awareness related to the sugar, decreasing the linked price, employing the young workforce, implementing the profitable strategies and studying the competitor’s and government guidelines includes Thanh Thanh Cong Bien Hoa JSC, Quang Ngai Sugar JSC, Vietnam Sugar JSC, Lam Son Sugar and Sugarcane JSC, Can Tho sugar and sugarcane JSC, Nghe An Sugar Co.,ltd, Son Duong sugar and sugarcane JSC, Son La sugar and sugar cane JSC, Sugar Corporation II-Joint Stock Company, La Nga Sugar and Sugarcane JSC and several others.

However, the Vietnam sugar market is split, due to the existence of large regional and domestic players. The corporates are accentuating on mergers, expansions, acquisitions, and partnerships of the corporates, along with new product developments, as strategic approaches to boom their brand existence amongst the customers.

In addition, the 2018/2019 crop year noted sugar production of 179 million tons, down 7.9% associated to the 2017/2018 season. According to USDA forecasts worldwide crop sugar introduction for the year 2019/2020 will drop 6 million tons to 174 million tons. The major reason is owing to the deduction of sugar production and sugarcane location from India. Sugar consumption depends on the foremost aspects such as populace growth rate, accessible income level and income growth rate, sugar price is interrelated with the other products (energy price, sweetener price). Other), cultural appearances and awareness of health issues.

Vietnam's sugar ingestion in the 2018/2019 season is approximately 1.69 million tons, up 1.8% from the previous crop. Men tend to augment day by day. Vietnam's import worth of sugar in the first 10 months of 2019 reached USD 1.26 million, down 22% associated to the same duration in 2018. Compared to 2018, the wholesale cost of sugar in 2019 endured low and tended to deduction.

In addition, with the supporting government policies and augmenting crop areas, Vietnam is predicted to observe a peak in its sugar production during the review period. The market is majorly increasing due to the abundance of sugarcane accessibility, coupled with other belongings such as better flavor and caramelization which are greater to beet sugar. Also, inventions in the prevailing conventional sugar such as brown cane sugar which comprises of added molasses to advance the flavor and presence, by the leading worldwide players as well as the small domestic players have propelled the market growth. Therefore, in the coming years, it is predicted that the market of Vietnam sugar will increase around the globe more effectively over the coming duration along the investment of handsome amount by the organized as well as unorganized players.

For More Information, refer to below link:-

Vietnam Sugar Industry

Related Report:-

India Sugar Market Outlook to 2020 - Rising Sugarcane Availability and Government Initiatives to Shape Future

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Changing Trends In Vietnam Coffee Market Outlook: Ken Research

Buy Now

According to the report analysis, ‘Vietnam Coffee Market Comprehensive Report Q1/2020’ states that in the Vietnam coffee market there are several corporates which presently functioning more effectively for leading the fastest market growth and registering the handsome value of market share across the developed as well as underdeveloped region throughout the upcoming duration while delivering better consumer satisfaction, decreasing the linked price, employing the young workforce, spreading the awareness related to the specifications of the coffee, developing the applications and functioning of production technologies, and studying the guidelines of the competitors includes Intimex Group Joint Stock Company, Olam Vietnam Company Limited, Nestle Viet Nam Company Limited, Phuc Sinh Joint Stock Company, 2-9 Dak Lak Import Export One Member Co., Ltd, Joint Stock Company-Tin Nghia Corporation, Trung Nguyen Group Joint Stock Company, Trung Nguyen Group Joint Stock Company, Vinh Hiep Co., Ltd, Minh Tien Coffee Import Export Co., Ltd and several others.

For instance, the report effectively bids a comprehensive calculation of the market. It does so via in-depth qualitative perceptions, historical data, and confirmable projections about market size. The estimates featured in the report have been consequently utilizing the proven research methodologies and conventions. By doing so, the research report assists as a repository of analysis and information for each facet of the market, involving but not restricted to: Regional markets, technology, varieties, and applications.

The Vietnam coffee industry is increasing at a significantly by introducing the products almost exclusively across underdeveloped nations. As per the survey accompanied by the National Coffee Association in the United States, more than 70% of the customers choose at-home coffee preparation. There has been an ongoing move observed from soft drinks to coffee drinks amongst the consumers.

Based on the product type, the Vietnam coffee market is classified into whole-bean, ground coffee, instant coffee, organic coffee, coffee pods and capsules. Whereas, it is predicted that organic coffee sector dominates the effective share owing to the growth in the disposable income, positive augment in the health-related issues, and several others.

Whereas, the major driver for the coffee market will be the dawn of ethical-ness aligned with it. Most of the organically grown coffee introducers utilize the fair-trade approach to rightfully pay the cultivators which are to fascinate a wide number of ethical consumers across the globe. Assistances of organic coffee over conventional coffee and premium pricing is also predicted to further propel the organic coffee market across Vietnam. In addition, the demand for organic coffee is predicted to have a great growth through the forecast period owing to the growth of organic trends across Vietnam. The supplement of fair trade with organic coffee products also adds a good volume of the ethical consumer base in the Vietnam coffee market.

Squat market penetration and premium valuing may result in a limit for the coffee market. The manufacturers of the coffee market should quintessence on a marketing strategy to gain the untapped market efficaciously. Therefore, in the coming years, it is predicted that the market of coffee will increase around Vietnam more actively over the upcoming duration.

For More Information on the Research Report, refer to below links: -

Vietnam Coffee Market Analysis

Related Report: –

UAE Coffee Chain Market by Regions (Dubai, Abu Dhabi, Sharjah and rest of UAE), by Organized and Unorganized, by Food and Beverages - Outlook to 2021

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Dynamic Changes In Vietnam Wood Industry Outlook: Ken Research

According to the report analysis, ‘VietNam Wood Industry report Q1/2020 Comprehensive’ states that in Vietnam wood industry there are numerous corporates which presently operating more actively for leading the fastest market growth and registering the handsome value of market share while delivering the better consumer satisfaction, spreading the awareness related to the wood industry, decreasing the linked price, advancing the applications of manufactured goods, employing the young workforce, implementing the profitable strategies and investing the effective amount of money in advancement of wood includes Wanek furniture Co,. Ltd, Viet Nam Nitori production Co, Shing Mark Vina Co,. Ltd, An Cuong wood JSC, MDF VRG DONGWHA Wood JSC, Viet Nam San Lim Furniture Co,. Ltd, Viet Nam Woodwoth Wooden Co, Ltd, ROCHDALE SPEARS Co,. Ltd, Viet Nam POH HUAT JSC, Timber Industries Co,. Ltd and several others.

However, the report offers a wide-ranging evaluation of the market. It does so via in-depth qualitative intuitions, historical data, and demonstrable projections related to the market size. The projections presented in the report have been derived utilizing proven research methodologies and conventions.

In addition, the worldwide wood processing market is predicted to effectively augment from USD 283 billion in 2012 to USD 531 billion in 2020 with an annual growth of 9.2%. Asia is the region principal in wood processing market in the terms of consumption in 2017, registering for 55% market share. This could be owing to the great requirement for wooden products, propelled by one large amount of the middle class and disposable income is augmenting in the regions such as China and India.

In 2019, the determined forestation area was predicted to reach 273.6 thousand hectares, down 4.5% from the preceding year. In 2019, the total import worth of the raw wood is predicted at 1.96 billion USD, up 3.5% associated to 2018. In which, the import turnover of the logs and sawn timber is 635.7 and 966.3 million USD, correspondingly.

In 2019, the wood chip introduction is predicted at 7,275 thousand tons, up 13% associated to 2018. In 2019, the establishment of the artificial boards (involving plywood, veneer, and wood has been augmented) snakes, plywood from wood and similar materials) is predicted at 6,422 thousand m³, almost unaffected compared to 2018.

Whereas, the low product cost attached with the superior properties involving the strength and durability is the foremost aspect propelling the requirement for wood based panels for ceiling, cladding, roofing, flooring and furniture submissions.

The significant growth in the investments in residential and commercial construction activities around the foremost geographies is predicted to influence the requirement for wood based panels. Moreover, growing public-private partnerships for the advancement of the construction segment in emerging regions such as India, China, and several others are likely to assist the market growth.

The foremost augment in the consumer spending on aesthetically interesting furniture products and momentous growth in single-family housing constructions are other aspects likely to propel the regional product requirement over the projected duration.Therefore, in the coming years, it is predicted that the market of Vietnam wood will increase around the globe more positively over the upcoming duration.

For More Information, refer to below link:-

VietNam Wood Industry

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249