Labor Crisis and High Labor Wage Rates have Rapidly Increased the Agricultural Mechanization in Vietnam: Ken Research

Increasing Labor Wages: In 2020, Vietnam increased its minimum wage by an average of 5.7%. The new rates came into effect in January and range from USD 140 to USD 148in smaller provinces and suburban districts. This increase is higher in urban areas such as Ho Chi Minh and Hanoi. As a result, farmers have started shifting to agricultural machinery which is time efficient as compared to manual labor. Renting a combine harvester is approximately 3 times cheaper than hiring labour for per hectare of produce in some areas.

Climatic Conditions: As the daytime temperatures become unbearable, rice farmers in Vietnam have no other option but to work in their fields at night. Due to changing climatic conditions, the temperature in Vietnam has been rising by 1-2žC every year. The highest temperature was recorded last year at 43.4 žC (110 žF) in Ha Tinh province in central Vietnam. In such a situation, mechanized farm operations help farmers mitigate/adapt to climate risk by carrying out farming operations in a short duration or suitable window.

Increasing number of Free Trade Agreements Hamper Domestic Manufacturing: As a result of FTA, import of agricultural machinery in Vietnam has amplified remarkably. Consequently, many players don’t prefer establishing a manufacturing facility in Vietnam due to 0% import tariffs. This has caused a problem for the domestic manufacturers as they have higher product cost especially as compared to Chinese manufacturers. In addition to the same, due to lack of solid base in metallurgical operations, the domestic producers are not able to provide the same quality as that of Japanese or a Korean product.

Impact of COVID-19 on Vietnam Agricultural Equipment Industry: COVID-19 has severely impacted the agricultural equipment market in Vietnam. In Q1 and Q2, due to supply chain disruptions and decrease in farming activities, companies observed a decline in demand of tractors, combine harvesters or rice transplanters in terms of domestic sales leading to an overall decline in the market. The imposed lockdown in the country, decline of manufacturing and import and movement of transport impacted the industry adversely. In addition to this, closure of dealerships and retail stores led to decline in domestic agricultural machinery sales.

Analysts at Ken Research in their latest publication “Vietnam Agricultural Machinery Market Outlook To 2025 – Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Below 12 HP, 12HP-35HP, And Above 35HP, By Region: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Red River Delta and South East),   Combine Harvester Market,  Rice Transplanters Market and Agriculture Implements Market (By Product Type: Rotavator, Plough, Harrow,  Fertilizer Spreaders and Others)”observed that Vietnam is a growing agricultural machinery market in South East Asia and is slowly recovering from the economic crisis after pandemic. The increasing credit availability in the country along exemption in taxes is driving the growth of the industry. Increasing focus on promotional and marketing activities, new product launches, partnerships & collaborations are expected to drive the industry in the future. The Vietnam Agricultural Machinery is expected to grow at a CAGR of 6.4% on the basis of sales revenue over the forecast period 2020-2025.

Key Segments Covered:-

By Product Type

Tractors (2W and 4W)

Combine Harvesters

Rice Transplanter

Implements

By Tractor Segment

Upto 12 Hp

Between 12-35 Hp

Above 35 Hp

By Region of Sales

Mekong Delta

Red River Delta

Northern Midlands and Mountains

North Central and Central Coast

Central Highlands

South East

By Implement Segment

Rotavator

Plough

Harrow

Fertilizer Spreaders

Others

Companies Covered:-

Kubota Vietnam

Yanmar Vietnam

VEAM (Vietnam Engine and Agricultural Machinery Corporation)

Thaco (LS Mtron)

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 – 2014-2020

Forecast Period – 2021-2025

For More Information on the research report, refer to below link:-

Vietnam Agricultural Machinery Market

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Thailand Agricultural Machinery Market Outlook to 2025 – Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market

Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao)

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)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global 3D Printing Metal Materials Market Outlook: Ken Research

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3D Metal printing is also well-known for metal preservative production. This is a fabrication method utilized to manufacture complex structures and lesser designs. The invention of 3D printing metal has supported manufacturer affluence in the design and construction of multifaceted structures that would not have been conceivable without the usage of the traditional production approaches. 3D printing metal is a producing technique in which handling is carried out layer by layer and, thus; production precision is often advanced to a greater degree. Most commonly, this technique requirements only metal powder that can be utilized to manufacture dissimilar portions and components according to the producers' demands. Special machines prevail that are talented of creating such complex structures. They have to function under human control though.

According to the report analysis, ‘Metal Materials for 3D Printing Market By form type (powder and filament); By metal type (titanium, aluminum, nickel, stainless steel and others); By end user (medical, automotive, aerospace and defense and others); and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that the growth of the worldwide requirement for 3D printing metals is mainly owing to their increasing usage in the aerospace and automotive industries.3D printing in aircraft production allows the manufacture of greatly complex, lightweight structures. In the automotive industry, it supports the design of automotive components with composite geometries, which is difficult utilizing the conventional approaches. Furthermore, the increasing usage of 3D printing metals in the healthcare industry in the production of medical implants is also projected to fuel worldwide market growth over the forecast duration. It also supports design implants that suit the patient's anatomy perfectly; it is faster and more reasonable than conventional approaches.

The growth of the worldwide requirement for 3D printing metals is majorly owing to their rising usage in the aerospace and automotive industries. The 3D printing in aircraft manufacturing allows the manufacture of greatly complex, lightweight structures. In the automotive industry, it supports design automotive components with multifaceted geometries, which is difficult utilizing the conventional approaches. Furthermore, the growing usage of 3D printing metals around the healthcare industry in the manufacture of medical implants is also projected to fuel worldwide market growth over the review period. It also supports design implants that suit the patient's anatomy faultlessly; it is quicker and more inexpensive than conventional methodologies.

Additionally, with a great share, the Asia-Pacific market registered the worldwide demand for 3D printing metals and is predicted to be the fastest-growing market throughout the forecast era. Increasing investment in the region's building and improvement, healthcare, and customer electronics industries is projected to propel regional requirement growth over the review period. China is the world's leading producer and customer of 3D printing metals. Around Asia-Pacific, the market for 3D printing metals is moderately strong compared with the other regions. Market growth for Asia-Pacific is also owing to the emergence of underdeveloped countries like India and China. The major reason behind the growth of the market for 3D printing metals is that such countries are growing at a speedy pace in terms of populace and economy, resulting in per capita consumption growth in the end.

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

Global 3D Printing Metal Materials Market Analysis

Related Report:-

Global Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Access to Electricity Expected to Drive Global Household Appliances Market: Ken Research

 Household appliances are devices & equipments that have been produced to augment the comfort levels of consumers and also provide comfort in household activities for instance cooking, storage, entertainment, cleaning, washing. Based on their functions & capabilities they are either fixed or mobile. They are categorized into three sub-categories: small household appliances, major household appliances or white goods, and consumer electronics. Small household appliances include semi-portable & portable machines that are usually used on platforms such as table tops and counter-tops. Some of these appliances are blenders, clothes steamers & iron, air purifiers, humidifiers & de-humidifiers, electric kettle & coffee machines, and others. Major household appliances are large home appliances, which are commonly used for regular housekeeping tasks such as food preservation, cooking, washing laundry, and others. Additionally, consumer electronic appliances include various devices used for entertainment, and home-office activities such as music system, TVs and others.

Referring to study, “Household Appliances Global Market Opportunities And Strategies To 2023” some of the key companies that are currently working in the global household appliances market are Qingdao Haier Co., Ltd. (Haier), Midea Group Co., Ltd. (Midea), Sharp Corporation (Sharp), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Hitachi, Ltd., LG Electronics Inc. (LG), AB Electrolux, Panasonic Corporation (Panasonic), and Whirlpool Corporation.

Based on product type, household appliances market is segmented as entertainment & information appliances, air conditioner & heater, refrigerator, cleaning appliance, washing machine, cook top, cooking range, microwave & oven and others. Energy star rated refrigerators holds major share in global market as they are installed with efficient compressors, insulation, and defrosting features that assist to improve their energy efficiency. Thus, manufacturers invest in research & development (R&D) to innovate energy-efficient products owing to surge in demand for such appliances. In addition, based on distribution channel, market is segmented as e-commerce, supermarket & hypermarket, specialty stores and others. The E-Commerce segment is likely to witness higher growth rate due to high penetration of internet & smart-phone and growth in technological advancements during the forecast period.

The household appliances market is driven by increase in access to electricity, followed by increase in urbanization, rise in disposable income, participation of females in paid work force, decreased time for household activity and upsurge in affordability of household appliances. However, availability of counterfeit brands may impact the market. Moreover, growth in technological advancements, investing in developing economies and growth in e-commerce sales are key opportunities for market.

Based on geography, the North-American region holds major share in global household appliances market owing to high product penetration in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to low interest rates, good economic situation, increase in household income, rise in middle-class population, easy access to consumer finance, easy access to goods through development of retail channels, and change in lifestyles of the population over the forecast period. It is predicted that future of the global market will be bright as a result of increase in demand for premium built-in or integrated appliances for instance ovens, with integrated steam function, integrated hob extractors, flexible induction hobs, and built-in dishwasher among others during the forecast period. It is also predicted that global household appliances market will be reached at US $433.4 billion by 2023, at a CAGR of 8.9%.

For More Information, Click on the Link Below:-

Global Household Appliances Market

Related Report:-

Household Appliances Global Market Opportunities and Strategies to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Future of Global E-Clinical Solutions Market: Ken Research

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The E-Clinical solutions syndicate clinical technology and observe and are utilized through data processing and data analysis to simplify the clinical development procedure. In addition to augmenting the number of CROs and life sciences organizations, the increasing trend of outsourcing clinical trials to contract research organizations (CROs) is dignified to support the industry obtain considerable momentum during the coming years.

Aspects such as growing the number of clinical trials, augmenting the implementation of technological solutions throughout clinical trials, growing the requirement for better data standardization, augmenting the need for data processing and observing and research intensification, and expenditure on growth by pharmaceutical and biotechnology corporates are propelling the market. The growth of the industry is further propelled by the enlargement of clinical trial outsourcing, the extension of government grants to fund clinical research, and the strengthening of IT budgets for drug production.

According to the report analysis, ‘Global E-Clinical solutions Market: Market Segments: By Product Type (CTMS, eCOA, Analytics, RTMS, eTMF, Safety, CDMS, EDC); By Delivery Mode (On-Demand, On-premise, Cloud-based; ByEnd-User (CROs, Hospitals, Pharma/Biopharma Companies); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that the foremost aspects characterizing the market growth are augmenting the R&D activities by biopharmaceutical and pharmaceutical corporates, increasing expenditure on the production of clinical trials, the burden of chronic syndromes, and increased implementation of smart devices for healthcare management.

Whereas, the worldwide E-Clinical Solutions Market is categorized by end-users into pharmaceutical and biopharmaceutical corporates, contract research organizations, consulting service corporates, medical, device manufacturers, hospitals, and academic research institutions.  The several usages of E-Clinical solutions improve the performance of clinical trials and diminution the total expense and time comprised in the production of drugs. These recompenses have resulted in an augment in the pharmaceutical and biopharmaceutical companies' implementation of automated technology for medicines.

In addition, around the developed economies such as the United States, the existence of a strict regulatory framework for clinical trials and an augmented need for protection monitoring also plays a vigorous role in the implementation of E-Clinical solutions in addition to this, throughout the review period, growing government grants for substantiated trials, and increasing the end-user base for E-Clinical solutions is probable to fuel the market.

Not only has this, the Global E-Clinical Solutions The market is categorized based on regional analysis into five foremost regions. These include North America, Latin America, Europe, APAC, and MENA. The worldwide E-Clinical Solutions Market in North America controlled the largest market share during the year 2019. The increasing target population, coupled with the pervasiveness of lifestyle-related syndromes such as diabetes and heart disease is poised to motivate the growth of E-Clinical solutions in the regional market. Also, the position of foremost players and the availability of advanced infrastructure is probable to emphasize the growth of the regional market. Therefore, in the coming duration, it is predicted that the market of E-clinical solutions will increase around the globe more effectively over the upcoming years.

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

Global E-Clinical Solutions Market Growth

Related Report:-

Global e-Clinical Trial Solutions Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Future Growth of Indonesia Used Car Market: Ken Research

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How The Indonesia Used Car Market Positioned?

Indonesia is one of the largest automotive and used car markets in Southeast Asia. It is home to many OEMs having production and assembling plants in the country. The number of vehicles domestically manufactured reached ~ million units whereas the number of locally produced passenger cars reached ~ units.  The passenger car ownership ratio in the country is however relatively less at ~ cars per 1,000 individuals as compared to its neighboring countries Malaysia and Thailand with ~ and ~ per 1,000 individuals respectively in 2019. The used car sales in the country have also been inclining over the period 2014-2019. The growing urban population and disposable income among the working population are contributing to the growth of the used car industry.

The used to new car ratio in the country has improved from ~ in 2014 to ~ in 2020. The used car sales basis volume in units witnessed a CAGR of ~% over the period 2014-2019, crossing ~ million units in 2019. On the basis of gross transaction value, the industry grew from USD ~ billion in 2014 to USD ~ billion in 2019. The industry declined during 2016-2017 owing to the economic and automotive industry slowdown during the period. After recovery in 2018-2019, the industry was again hit a roadblock in 2020 amidst the Covid-19 pandemic, which significantly impacted the used car sales, prices, and inventory with the dealers. The easy availability of financing options, on the other hand, has aided the industry’s growth.

Indonesia Used Car Market Segmentation

By Market Structure: The used car industry in Indonesia was identified to be largely unorganized due to the preference towards local, independent dealers. Multi-brand & OEM-certified dealerships contributed to the sales volume in the organized market.

Organized Market Segmentation

By Sales Channel: Multi-brand dealers accounted for the maximum used car sales in the country. OEM-certified dealerships have relatively less traction in the industry.

Unorganized Market Segmentation

By Sales Channel: Used Car sales through independent dealerships were analyzed to dominate the market as they are spread all across the country.

By Type of Car: MPVs were analyzed to account for maximum used car sales in-country in 2020 and are popular among various types of consumers, particularly large-families. Toyota Innova & Avanza, Daihatsu Xenia, and Honda Mobilio were observed to be the best-selling models in the category. There is also growing traction towards Hatchbacks or city cars.

By Brand: There is a high demand for Japanese cars in Indonesia. Toyota & Honda continue to dominate the used car sales in the country due to better residual value to these brands & easy availability of spare parts. MPVs & Hatchbacks are the most popular car types sold for both of these brands. Other brands popular in the country include Daihatsu, Suzuki, and Nissan among others.

Indonesia Used Market Segmentation

By Vehicle Age: A large proportion of the used cars sold in 2020 were observed to be 5-8 years old. The average car ownership period in the country is around 3-7 years due to which many cars falling in that age group are popular in the used car market.

By Mileage/Kilometers Driven:  Cars with a mileage between 50,000-80,000 km accounted for maximum used car sales in the country, followed by 20,000-50,000 km.

By Region: DKI Jakarta accounted for the highest used car sales in the country in 2020. The large presence of urban population in the region, including working population, & higher disposable income contributed to the high demand. East Java accounted for the second-highest used car sales volume. The region is home to a large number of used car exchanges and independent & multi-brand dealerships

By Customer Profile basis Age Group: The majority of the used car buyers in the country were observed to fall under the age bracket of 30-55 years. This age group largely includes large families having multiple cars, working professionals & more. The demand from younger people in the age group 18-30 years is also increasing rapidly, particularly students and individuals in tier-1 & tier-2 cities.

Competition Scenario In Indonesia Used Car Market

The used car industry in Indonesia is highly competitive with over 8,000+ dealerships operating in the space. Both multi-brand & OEM-certified/authorized dealerships are operating in the market and each focuses on the geographical presence and value-added services offered as a key parameter to distinguish themselves. The review period also saw many online auto-classified platforms and marketplaces entering the market. These platforms focus on increasing consumer engagement, the number of listings, and onboarding more dealers on their platform.

Indonesia Used Car Market Future Outlook And Projections

 The used car market in Indonesia is expected to grow at a CAGR of ~% on the basis of gross transaction value and ~% on the basis of sales volume over the forecast period 2020-2025F. The market is expected to witness growth post-COVID-19 from 2021 and sales are expected to recover. Companies are expected to focus on a wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to compete with online platforms and boost their used car sales. The forecast period is also expected to witness growth in the demand for Hatchbacks and SUVs in the country.

Key Segments Covered: -

Indonesia Used Car Market (On the basis of GTV)

Indonesia Used Car Market (On the basis of Sales Volume)

Indonesia Used Car Market Segmentations (On the basis of Sales Volume)

By Market Structure (On the basis of Sales Volume & GTV)

Organized

Unorganized

By Type of Car

MPVs

Hatchbacks

SUVs

Others

By Brand

Toyota

Honda

Daihatsu

Suzuki

Others

By Vehicle Age

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Mileage

Less than 20,000 Km

20,000-50,000 Km

50,000-80,000 Km

80,000-120,000 Km

More than 120,000 Km

By Regions

DKI Jakarta

East Java

West & Central Java

North Sumatera

Others

By Age Group of Buyers

18-30 Years

30-50 Years

More than 50 Years

Organized Used Car Market

By Sales Channel

Multi-brand Showrooms

OEM-Certified/Authorized Dealership Outlets

Unorganized Used Car Market

By Sales Channel

Customer to Customer (C2C)

Local Dealerships

Dealerships Covered

Mobil88

Toyota Trust (PT Astra Auto Trust)

Hyundai Auto Safe (PT Hyundai Mobil Indonesia)

Suzuki Auto Value (PT Suzuki Indomobil)

Diamond Smart Auto (PT Mitsubishi Motors Krama Yudha Sales Indonesia)

PT Tunas Ridean Tbk

Online Auto-Classifieds/Platforms Covered

OLX Indonesia

Mobil123

Carmudi

Oto.com

Carsome

Carro

Key Target Audience

Car Dealerships

Car Manufacturers

Car-Rental and Leasing Companies

Online Auto Classified Companies

Industry Associations

Regulatory Bodies

Used Car Auction Companies

Banks & NBFCs

Time Period Captured in the Report:-

Historical Period: 2014-2020

Forecast Period:  2021-2025

Key Topics Covered in the Report: -

Macroeconomic Overview and Overall Automotive Demand in Indonesia

Overview and Genesis of Indonesia Used Car Industry

Trends and Growth Drivers in the Industry and Challenges Faced

Indonesia Used Car Market Size and Segmentations, 2014 – 2020

Ecosystem and Value Chain of Used Car Industry

Customer Decision Making Parameters & Brand Perception Mapping

Cross Comparisons between Major Authorized Dealerships and Online Auto-Classifieds/Platforms and Company Profiles

Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on the Industry, the Way Forward & Upcoming Online Business Models

Analyst’s Recommendations

For More Information on the research report, refer to below link: -

Future of Indonesia Used Car Market

Related Reports by Ken Research: -

Indonesia Car Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies Backed by Surging Car Sales to Drive Market Growth

Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western)

India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation

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

Future Growth of KSA Light Electric Vehicle Market Outlook: Ken Research

 What is the current scenario of LEVS in LMD?

The advent of e-commerce, food and grocery deliveries is leading to a rapid increase in demand for last-mile deliveries. Approximately 30,000 Light Commercial Vehicles are employed throughout the kingdom for last mile delivery fulfilling more than 200 Million orders.

Most e-commerce retailers in KSA struggle with last-mile delivery as delays, reduced success rate & difficulty cash on delivery (COD) handling.

 E-com Retailers need to come up with solutions such as B2B SAAS Platform and Digital Freight Brokers/ Load Discovery Aggregator Platform to solve the last mile delivery problem in an efficient way to meet the growing customer demands.

EVs are slowly gaining traction with less than 0.5% of vehicles deployed as PHEVs in Saudi Arabia. Efforts to create a market for EVs are consistent with the Saudi Vision 2030 plan, which aims to reduce the country’s dependence on oil, diversify the economy, and implement a range of social reforms.

However, several gaps in the EV market such as a limited hybrid car range, high prices, insufficient battery life and an underdeveloped charging ecosystem are yet to be filled.

 Fleet operators need to create and manage vehicle service infrastructure and charging infrastructure on their own due to limited availability of existing set-ups in public domain for adoption of light electric vehicles in last mile delivery space.

Business Side Potential for LEVs in KSA CEP Industry

Domestic express courier dominates the market and is expected to register revenue growth at a CAGR of 4.4% and growth in shipments at a CAGR of 8.6% during the forecasted year 2020-2030. The express companies such as UPS, DHL and Saudi Post use four-wheelers particularly small vans, to deliver parcels/packages in Saudi Arabia. E-commerce delivery vans usually make 45-50 deliveries in a day, with an average trip length of 100 kms in Tier 1 cities and 50 kms in Tier 2/3 cities.

Business Side Potential for LEVs in Grocery Delivery

The industry is at nascent stage registering double digit growth rate between 30-40% in revenue terms. Grocery companies usually partner with third party operators to fulfil customer orders. Riyadh, Medina and Makkah are recognized as regions with maximum demand of online grocery service where LEVs could be initially deployed. Expanding in-house delivery fleet or partnering with fleet management companies on contractual basis will enable the companies to minimize the costs & gain a competitive edge in the industry.

Business Side Potential for LEVs in FOOD DELIVERY

The industry is expected to register a revenue growth of 7.2% CAGR during the forecaster year fulfilling over 200 million orders. The companies operate on pay per delivery model where the freelancers owning a car or a two wheeler are hired and paid on the basis of the number of orders delivered. Partnership with restaurants, malls, real-estate developers and other commercial hubs should be explored for the potential deployment of charging infrastructure for LEVs.

Expected EV Penetration in LMD Market

Given the nature of deliveries around a designated warehouse, last-mile deliveries make an excellent use case for electric mobility, overcoming the range anxiety. However, LEVs do not promise a higher adoption potential in the current scenario attributed to both a high cost disparity and a lack of vehicle. Small format EVs may gain momentum in the near future, given their lower fuel and maintenance costs. They are also less dependent on charging infrastructure, since their power requirements are lower, and they are more likely to come in models that allow battery swapping. Electric Vehicles in Food and Grocery Delivery sectors are expected to penetrate faster due to availability of hybrid models.

Future CATALYSTS IN KSA LEV Market

KSA could witness an LEV penetration between 5-7% by 2025. E-commerce companies and third-party logistics players across the board will eventually commit to including EVs in their fleet as a part of their sustainability initiatives. KSA will eventually build a framework like UAE such as free charging stations, discounted car registrations, toll exemptions, and other perks to incentivize people to give up their traditional cars for EVs. The mass production of batteries and available tax incentives will bring down the cost of EV, thus, making it the preferred choice. However, barriers such as TCO parity, high battery cost & infrastructure challenges such as mass deployment of charging stations in public area may slow down the adoption rate.

Key Segments Covered in LEV Adotpion in Last Mile Delivery Market in KSA

Business Side Potential for LEVs in KSA CEP Industry

CEP Market Size

Total Number of Courier Shipments

KSA E-Commerce Landscape

E-Commerce Market Major Categories

Total Number of E-Commerce Orders

Total Number of Vehicles Deployed

Competition Scenario in KSA CEP Market

Future Projections towards Penetration of LEVs in Courier Segment

Business Side Potential for LEVs in KSA Grocery Delivery Market

KSA Online Grocery Ecosystem

KSA Online Grocery Market Size

KSA Online Grocery Market Concentration

KSA Online Grocery Market Segmentations

Total Number of Orders

Total Number of Vehicles Deployed

Competition Scenario in KSA Grocery Delivery Market

Future Projections Towards Penetration of LEVs in Grocery Delivery Segment

Business Side Potential for LEVs in KSA Food Delivery Market

Landscape of Food Delivery Companies in Saudi Arabia

KSA Online Food Delivery Market Size

Total Number of Orders

Total Number of Vehicles Deployed

Competition Scenario in KSA Food Delivery Market

Future Projections Towards Penetration of LEVs in Food Delivery Segment

Key Target Audience

LEV Manufacturers

LEV Dealers/Distributors

Courier and Parcel Companies

E-Commerce Companies

Grocery Delivery Companies

Food Delivery Companies

Time Period Captured in the Report:

Historical Period: 2015-2020

Forecast Period: 2020–2030

Companies Covered:

EV Manufacturers

Tesla

BMW

Chevrolet

Renault

Hyundai

Nissan

CEP Industry

Saudi Post

Naquel Express

SMSA Express

DHL

Aramex

UPS

FedEx/TNT

Grocery Delivery Companies

Nana Direct

Zadfresh

Danube

Carrefour

Qareeb

Food Delivery Companies

Hungerstation

Careem

Jahez

Talabat

Mrsool

Key Topics Covered in the Report

Overview of Global EV Market

Genesis and Overview of KSA LEV Market

Ecosystem of Major Entities in Saudi Arabia LEV market

Charging Infrastructure for LEV Market in Saudi Arabia

Overview of KSA Last-Mile Delivery Market

Number of Orders/Shipments in KSA Last-Mile Delivery Market

Number of Fleets Deployed for Last Mile Delivery

Business Side Potential for LEVs in KSA CEP Industry including E-commerce Landscape in KSA

Business Side Potential for LEVs in KSA Grocery Delivery Market

Business Side Potential for LEVs in KSA Food Delivery Market

Regulatory Scenario and Framework in Saudi Arabia LEV Market

Opinions of Industry Experts regarding adoption of LEVs

Difference in EV costs compared to ICE vehicles- Cost Benefit Analysis

Viable Supply Chain Model for Adoption and Supplying LEVs in KSA

Current Landscape of LEV Offering in KSA

Major Deals/Transactions for LEVs in KSA

Impact of COVID 19 on EV sales

Future Analysis and Projections for LEVs in Saudi Arabia

Opportunity Analysis of an LEV in Last Mile Delivery

Case Studies for LEV Last-Mile Delivery

Recommendations / Success Factors

Research Methodology

Appendix

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

Future Potential Market of LEVs in Last Mile Delivery Industry in KSA

Related Reports

Global Electric Commercial Vehicle Market 2020 by Manufacturers, Regions, Type And Application, Forecast To 2025

Global Last Mile Delivery Market Report 2019, Competitive Landscape, Trends and Opportunities

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Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth in Production of Rice Expected to Drive Thailand Agriculture Market: Ken Research

In Thailand, agriculture sector is highly competitive, diversified & specialized and its exports are extremely successful internationally. Rice is the most important crop of country. Apart from this, some other agricultural commodities produced in large amounts include fish & fishery products grain, tapioca, rubber, and sugar. Exports of industrially processed foods for instance pineapples, canned tuna, and frozen shrimp are on the rise.

Rice is the key staple crop of the country. There are high yield of rice varieties. The main commercial rice-producing areas of country are the Khorat Plateau and Chao Phraya basin. Agricultural production has diversified considerably to meet the domestic & world market demand. Among the crops produced for agriculture the market are kenaf (a jutelike fibre), cassava, corn (maize), longans, mangoes, cashews, vegetables, pineapples, durians, and flowers. Cash crops including rubber, sugarcane, coffee, and many fruits are produced generally on large holdings owned by the agri-businesses.

According to study, “Thailand Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Thailand agriculture market are Solar Turbines, Analytik Jena - an Endress+Hauser Company, Flottweg SE, SoundPLAN GmbH, BD|Sensors GmbH, AMETEK Land, Metrohm AG, ECOMESURE, EyeCGas -OGI by OPGAL, BWB Technologies Ltd., AMETEK Spectro Scientific, Lindner-Recyclingtech GmbH, Opsis AB, Carbolite Gero Ltd - part of Verder Scientific, Aquobex Ltd., Endress+Hauser AG, Hilliard Corporation, Delta-T Devices Ltd., Kurita, Eijkelkamp Soil & Water, Anguil Environmental Systems, Inc., METER Group, Inc., PCA Technologies SRL, DILO Armaturen und Anlagen GmbH, Myron L Company, ProMinent GmbH, Hilliard Corporation, Solar Turbines, EyeCGas -OGI by OPGAL, ENVEA, Gasmet Technologies Oy, Metrohm AG, QED Environmental Systems Ltd., PSF Equipment (Thailand) Co. Ltd., A & S Thai Works Co., Ltd., Sarah Aquaculture ASIA, Kaset Phattana, N&K Orchid Farms Co., Ltd., Skov A/S, N&K Orchid Farms Co., Ltd., Iseki & Co., Ltd., Schedar (Thailand) Co. Ltd., Farm Aqua, Iseki & Co., Ltd., Biostadt India Limited, Seko Industries Srl, Baxel Co., Ltd., Van der Knaap Group, Agricultural Research for Development (ARD), Dynamax Inc, ASC Intertrade Co. Ltd, Farm Green Thailand, Surya Agrotech Thailand Co Ltd., BB Orchids, Bioproton Europe Oy, Texas Biotechnology Inc., Rostfrei Steels Pvt Ltd., CID Bio-Science, Inc., Texha PA LLC, Kasetphand Industry Company Limited (KPI), CYTC, INVE Aquaculture - a Benchmark company, dol-sensors a/s, Vannamei 101, Praxair Technology, Inc., Clearwater Asia Development Pte Ltd., Pöyry Energy, Premier Tech Chronos (PTC), Southern Cooling Towers (Thailand) co., ltd., Blue Aqua International, Tensar International Corporation., Komptech GmbH, Rentokil Pest Control - division of Rentokil Initial, Vitone Eco S.r.l., Mueller Water Products, PermAlert, a division of Perma-Pipe, Inc., Association of 3 Co., Ltd., Edinburgh Sensors Ltd - a division of Edinburgh Instruments, VNU Exhibitions Asia Pacific Co., Ltd., Industrial Physics Product Integrity Limited, Campbell Scientific, Inc.

Thailand country is one of the world’s leading exporters of shrimp, fish & fish products. However, the creation of shrimp farms & overfishing of the Gulf of Thailand sparked disputes between villagers and commercial interests who depend on shrimp and fish as basic foodstuffs. Various traditional marine fishing areas have become polluted, and shrimp farms have been particularly damaging to coastal mangrove forests. Many local farmers are used these traditional farming methods, which have been poorly developed and only bit by bit they adopted into a more new way using machinery for more productivity. It is projected that future of the Thailand agriculture market will be optimistic on account of growth in production of rice during the forecast period.

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Thailand Agriculture Market

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Zambia Agriculture Market Trends, Statistics, Growth, and Forecasts

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Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Increase in Surgical Procedures Expected to Drive Global ICU Beds Market: Ken Research

 ICU beds or Intensive Care Unit beds are special hospital beds, designed for ICUs to take care of serious patients. These beds are multifunction beds that can provide safety & comfort to both patients and caregivers. They are designed for providing the comfort, enhance work efficacy, support infection control, safety & ease of use, and enhance the effective risk management in hospitals. They are equipped with many accessories such as section mattress base, X-Ray cassette holder, and stepless pneumatic adjustment for trendlenburg and anti-trendlenburg that are designed to support & help the healthcare staff for their effective workflow. They contain electric & manual controls, wheels & brake, side rails, a removable headboard to allow procedures from the head of the bed and intravenous (IV) pole mounts.

According to study, “ICU Beds Global Market Report 2020-30: Covid 19 Implications and Growth” the key companies operating in the global ICU beds market are Medline Industries, Inc.; Invacare Corporation; Inc.; Stiegelmeyer GmBH & Co. KG; Paramount Bed Holdings Co., Ltd., Span-America Medical Systems, Joerns Healthcare LLC.; Gendron, Inc. ; LINET Group SE; Malvestio S.P.A.; Merivaara Corp.

Based on type, ICU beds market is segmented as manual beds, electric beds and semi-electric beds. Electric beds holds major share in global market due to greater comfort, portability, and elevated cost which impact for higher revenue. Based on application, market is segmented as psychiatric intensive care unit, neonatal intensive care unit, neurological intensive care unit, pediatric intensive care unit, cardiac intensive care unit, post-operative recovery unit, trauma intensive care unit, high dependency unit, mobile intensive care unit and surgical intensive care unit. In addition, based on end-user, market is segmented as ambulatory surgery centers, hospitals, and others. The hospital segment is expected to witness higher growth rate due to growth in number of surgical procedures at hospitals and rise in number of hospital admissions during the forecast period.

The ICU beds market is driven by rise in geriatric patients, followed by increase in surgical procedures, rise in investments in healthcare infrastructure by the government & private sector, growth in technological advancements and increase in incidences of chronic diseases such as diabetes, blood pressure, asthma, and others. However, lack of reimbursement in developing regions and high cost of the ICU beds may impact the market. Moreover, emerging economies such as China, India, Mexico, and Brazil is likely to create new opportunities over the forecast period.

Based on geography, the North-American is a leading region in global ICU beds market owing to rise in number of surgical procedures, higher number of ICU admissions, and better healthcare infrastructure in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to increase in geriatric population, growth in number of hospital admissions coupled with improving healthcare infrastructure over the forecast period. The global ICU beds market is likely to grow from US $1.9 billion in 2019 to about US $3.8 billion in 2020 as hospitals across the world are rising their ICU capacity to deal with the surge in Corona-virus patients. The market is anticipated to stabilize and reach US $2.8 billion at a CAGR of 9.8% by 2023.

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Global ICU Beds Market

Related Report:-

Global ICU Beds Market Report 2019, Competitive Landscape, Trends and Opportunities

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249