Singapore Auto Finance Market Outlook to 2025: Ken Research

The report titled “Singapore Auto Finance Market Outlook to 2025- Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators” provides a comprehensive analysis on the performance of the Auto Finance industry in Singapore. The report covers various aspects including credit disbursed, trends & developments, issues & challenges faced by the industry, competition landscape and more. The Singapore Auto Finance market report concludes with projections for future of the industry including forecasted values by 2025, market segmentations, COVID -19 impact and analysts’ recommendations.

Singapore Auto Finance Market Overview and Size

The Singapore Auto Finance Market was observed to be in growth stage during the period of 2015-2020owing to the growing digital advancements to ease loan application process, emerging green car loans, introduction of finance aggregators and more. The Singapore Auto Finance Industry had grown at a CAGR of 0.7% on the basis of Auto credit disbursed and 2.2% basis Auto Loan Outstanding in 2015-20. The CAGR was comparatively low owing to less number of cars financed in 2020 due to COVID – 19.As of 2020,on an average, 85-90% of the vehicles sold in Singapore were financed, with approximately ~65% of the cost share borrowed from Auto Financial Institutions.

Singapore Auto Finance Market Segmentations

By Type of Cars Financed (Units): Singapore Auto Finance market is dominated by Used Vehicles in terms of absolute number of vehicles sold as well as financed. However, relative penetration of auto finance is higher for new vehicles than used vehicles in the country, owing to higher prices of the former.

By Credit Disbursed and Loan Outstanding basis Type of Cars: Passenger Vehicles occupy the lion’s share of the total credit disbursed as well as loan outstanding in the Auto Finance Market of Singapore with New Vehicles and Used Vehicles financing almost equally dominating the Passenger Vehicle segment.

By Type of Institution basis Loan Outstanding: Majority of the Auto Loans in Singapore is through Banks owing to the huge number of loans offered by them at comparatively low interest rates.

Competitive Landscape of Singapore Auto Finance Market

The Auto Finance market of Singapore consists of a large number of Domestic as well as international players. However, only top few players occupy a lion’s share of the market (basis credit disbursed) making the Industry highly concentrated. Major Baking Institutions involved in Auto Loans Services in Singapore include DBS Bank, Standard Chartered, OCBC, MayBank, and UOB among others. Also, Major Non Banking Financial Institutions in the country include Hong Leong Finance, Singapura Finance, Sing Investment and Finance and more. The parameters at which the companies are competing are Interest Rate Offered, Clientele, service portfolio, Technology and more.

Singapore Auto Finance Market Future Outlook & Projections

The Singapore Auto Finance industry is expected to increase at a CAGR of 8.9% basis Auto credit disbursed and 1.3% basis Auto Loan Outstanding during 2020 to 2025.The credit disbursed is expected to rise in Singapore at higher than average CAGR owing to higher number of cars financed in the future. The government of Singapore is working towards expansion of Green Car Sales in the country, which is expected to increase the demand of ‘Green Car Loans’ in the future years. New Business Models such as Shared Ownership Financing may also emerge in the country in the coming years. Lastly, Industry is expected to move towards a digital growth with the expansion of Artificial Intelligence, Machine Learning, Big Data and more to further simplify loan application process.

Key Segments Covered:-

By Type of Cars Financed- (Units)

New Vehicles

Used Vehicles

By Credit Disbursed (By SGD Billion)

Commercial Vehicles

Passenger Vehicles

New Vehicles

Used Vehicles

Motorcycles

By Loan Outstanding (By SGD Billion)

Commercial Vehicles

Passenger Vehicles

New Vehicles

Used Vehicles

Motorcycles

By Type of Institution (Loan Outstanding) (SGD Billion)

Banks & Subsidiaries

Finance Companies

Others

Companies Covered

(Banks)

DBS Bank

UOB

MayBank

OCBC

Standard Chartered Bank

(Finance Companies)

Hong Leong Finance

Singapura Finance

Sing Investment & Finance

Singapore Auto Finance Property Holdings

Credit Master

Carro

SG Cash N Cars

Speed Credit

SF Holdings

Accord Motoring

Vincar

Goldbell Financial Services

Capitall

Money Max Leasing

Key Target Audience

Existing Auto Finance Companies

Banks

OEM Dealerships

Captive Finance Companies

Credit Unions

Private Finance Companies

New Market Entrants

Government Organizations

Investors

Auto mobile Associations

Auto mobile OEMs

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Comprehensive analysis of Singapore Auto Finance Market and its segments.

Listed major players and their positioning in the market.

Identified major industry developments in last few years and assessed the future growth of the industry.

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

Singapore Auto Finance Market

Related Reports:-

Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans

Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth

Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249

Indonesia Healthcare Market Outlook to 2022: Ken Research

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The Healthcare industry comprise of medical insurance, hospitals, pharma industry, medical tourism, diagnostic services and others. The healthcare industry basically consists of maintenance or the improvement of health treatment, diagnosis, recovery, or curing of disease, injury, illness, and other physical & mental treatments. The health care services are delivered by health professionals. The healthcare service includes a combination of tangible & intangible services. The intangible services are completely offered by the doctor while the tangible services such as bed and decor. The Indonesia one of key countries where the healthcare spends is considerably rising at a rapid pace. Moreover, Indonesia’s healthcare industry provides a productive investment opportunity to the foreign-investors towards all aspects of the industry, ranging from the hospitals to pharmaceuticals to the medical devices.

Indonesia Healthcare Market is segmented by pharmaceutical market, medical devices market, hospitals market, pharmacy retail market, clinical laboratory market and others. Pharmaceutical market is further segmented by domestic & international players, by therapeutic segment and generic & patented drugs. Medical devices market is further segmented by procurement and by type of medical devices. Hospital market is further segmented by general & specialty hospitals. Pharmacy retail market is further segmented by pharmacies & drugstores. Additionally, clinical laboratory market is further segmented by type of private independent laboratory, by type of laboratory and type of tests in private independent laboratory.

Demand for different healthcare services in the country has increased over the past years on account of increase in prevalence of various lifestyle-related diseases for instance Hypertension, Diabetes, Obesity, Cardiovascular diseases, Blood Pressure, and expanding population base of the country has cemented the polyclinic market’s position as major healthcare service provider in the country. Majority of people in Indonesia country have preferred polyclinics over the hospitals in the past years owing to convenience & lower cost of healthcare service. The expansion of private and public hospitals and clinics along with the improvement of existing facilities has driven demand for medical products.

The Indonesia Healthcare Industry is driven by increase in investment in healthcare industry, followed by growth in population, favorable macroeconomic environment, rise in foreign investments, increase in disposable income, growth in supportive government policies and increase in hospitals & clinics. Apart from this, low bed to population ratio and shortage of qualified staff may impact the market. Investors are expected to work closely with reliable medical schools and vocational schools, and expected to provide access to quality equipment and training. The hospitals are further encouraged to allow professionals to work in clinics/hospitals designed to provide opportunity to various skills and experience. Moreover, economy is registering a continuous growth however there may be some variations of distribution of health care services between urban and rural areas. In order to cater the rising demand of healthcare services and better access towards the hospital services for the rural population.

It is predicted that future of the Indonesia Healthcare Market Research Report will be bright because of increase in focus on research and development for pharmaceutical products, growth in innovation in pharmaceutical manufacturers & clinical laboratory services, increase in healthcare facilities, and expansion of pharmacy retail chains during the forecast period.

Key Topics Covered in the Report: -

Indonesia Healthcare, Hospitals, Pharmaceutical, Pharmacy Retail, Clinical Laboratory, Medical Devices Market Size, 2012-2017

Indonesia Hospitals Market Segmentation (by public & private hospitals, by general & specialty hospitals and by region)

Indonesia Hospitals, Pharmaceutical, Pharmacy Retail, Clinical Laboratory, Medical Devices Market Competitive Landscape

Indonesia Hospital, Pharmaceutical, Pharmacy Retail, Clinical Laboratory, Medical Devices Future Outlook and Projections, 2018-2022

Indonesia Pharmaceuticals Market Segmentation (by therapeutic segment, by domestic & international players, by generic & patented drug, by OTC & prescription drugs, by domestic sales & exports and by region)

Indonesia Pharmacy Retail Market Segmentation (by pharmacies & drugstores and by region)

Indonesia Clinical Laboratory Market Segmentation (by type of clinical laboratory, by type of private independent laboratory, by type of customer, by payer, by type of test and by region)

Indonesia Medical Devices Market Segmentation (by type of medical device, by type of medical consumables, by end-user and by procurement)

Analyst Recommendations

Macro-economic Factors Impacting Indonesia Healthcare Market

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

Indonesia Healthcare Market Research Report

Related Report:-

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Shifting the Dutch curriculum to American curriculum in the country has been the Step Undertaken by Government to Improve Quality of Education: Ken Research

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Medical Education System in Indonesia: Indonesia is considered well in medical education as it provides great environment to accommodate students especially International Aspirants owing to factors such as large number of medical schools, good infrastructure, high employment opportunities and more. All Public and Private Universities offer Bachelor’s Courses (MBBS/MD) while only few Colleges offer specialized courses in the country. Medical education in Indonesia requires at least 5.5 years of Graduation plus 1 year Internship to be qualified for the master’s course.

Growing Number of Medical Colleges: Medical colleges have rapidly rose in number in Indonesia because the country’s population has also risen markedly over recent decades, which has led to a large no. of youth pursuing higher education especially in the field of medicine. However, this growth in the no. of medical colleges has often challenged the quality of medical education in the country. Hence, the government is trying to implement several curriculum changes and improvements to elevate the quality.

Private vs Public Medical Institutions: Aspiring Medical Students in Indonesia have to go through a National exam called SPMB which filter outs students who are eligible for a specific major. Then another exam and an interview is conducted before being formally enrolled in any Public University. For most of the Private Universities however separate entrance exams are taken. Public Medical Colleges have outnumbered the private Universities in Indonesia due to high interest of the government (as a part of key multisector reforms). Responsibility for the management and provision of public health services; and the progressive introduction of greater autonomy in the management of public service organizations includes medical education as a primary sector of concern.

COVID Impact on Medical Colleges: Covid-19 has impacted the medical education temporarily. Pandemic forced medical schools in the Indonesia to stop face-to-face learning activities and abruptly shift to an online curriculum. Many colleges faced difficulty in conducting final year exams which has affected the total toll of graduates in 2020. At the same time, an increase in demand for internal medicine consultants over the country was witnessed, especially on the health tech platforms due to the Pandemic.

The report titled “Landscape of Indonesia Medical Education Market- “Continuous Change in the Course Curriculum Has Helped the Indonesian Medical Education System Improve the Skills of Medical Graduates” by Ken Research suggested that the Medical Colleges have faced a slight downfall in terms of No. of Intake and Graduates amid COVID-19. Overall, the basic Indonesian medical curriculum is an undergraduate-entry course that runs for 5-5.5 years on an average. Major merits of pursuing medicine in Indonesia Universities (especially for International Students) are factors such as large number of Medical schools in the country leading to higher average intake, several scholarships as well as job opportunities provided by the country and improving infrastructure.

Key Segments Covered: -

Market Segmentation basis Type of Institution (Number of Colleges)

Private College

Public College

Market Segmentation basis Region (Number of Colleges)

Java

Sumatra

Sulawesi

Lesser Sunda Islands

Kalimantan

Maluku Islands

Western New Guinea

Market Segmentation on the basis of Accreditation of Medical Colleges (Number of Colleges)

A

B

C

Physician

Overview

Admission Process

Passing Rate

Total No. of Graduates

Total Number of Intake

Internal Medicine

Admission Requirements

Fee Structure

Selection Process

Total No. of Graduates

Total Number of Intake

Cross Comparison of Colleges offering Internal Medicine Course

Ophthalmology

Fee Structure

Selection Process

Total No. of Graduates

Total Number of Intake

Cross Comparison of Colleges offering Internal Medicine Course

Total number of Ophthalmologists in Indonesia basis Region

Key Target Audience

Public Medical Colleges

Private Medical Colleges

Aspiring students of Bachelor in Medical Education

Aspiring students of Master in Medical Education especially Internal Medicine and Ophthalmology

Time Period Captured in the Report:

Base Year: 2020

Study Period: 2015–2020

Historical Period: 2015-2020

Colleges Covered: -

Landscape on Indonesia Top 10 Medical Education institutions include colleges,

University of Indonesia Faculty of Medicine

Andalas University Faculty of Medicine

Gadjah Mada University, Faculty of Medicine, Public Health and Nursing

Airlangga University, Faculty of Medicine

Padjadjaran University, Faculty of Medicine

Diponegoro University, Faculty of Medicine

Universitas Hassanudin, Faculty of Medicine

Sriwijaya University, Faculty of Medicine

Universitas Sumatera Utara, Faculty of Medicine

Universitas Trisakti Faculty of Medicine

Key Topics Covered in the Report: -

Indonesia Medical Education Introduction

Detailed Landscape of Private and Public Colleges

Market Ecosystem

Trends and Challenges in the Industry

Market Segmentation basis Institution, Region and Accreditation

Admission Process for both Bachelor and Master Course

Detailed Analysis on Physician Courses (Market Size on the basis of Intake and Graduates)

Detailed Analysis on Internal Medicine Market Size on the basis of Intake and Graduates)

Detailed Analysis on Ophthalmology Market Size on the basis of Intake and Graduates)

Major Players in Indonesia Medical Education Market

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

Medical Education Market in Indonesia

Related Reports by Ken Research: -

Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements

Landscape of Philippines Medical Education Market- Outcome Based Curriculum Began with Clear Explicit Articulations that Medical Graduates should Demonstrate Acceptable Professional Standards

Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce

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

Indonesian Construction Chemicals Market Growing with the Surging developments in End User Sectors of Infrastructure and Real Estate: Ken Research

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“Amplified demand for Concrete Admixtures, especially low water consumption admixtures has driven the growth of Construction Chemicals Market in Indonesia.”

Surging Government Initiatives: The Indonesian Government has launched a massive initiative, National Strategic Projects (PSN) in 2017, with ~ 4197 trillion Indonesian Rp investments on Infrastructure, with over 245 projects in 17 different sectors, such as Road, Dams, etc. The government is also taking various steps to restructure ownership laws to improve foreign investments into residential areas through Omnibus law for Job Creation, and make Indonesian land more appealing to foreign investors. The policies are anticipated to boost investments in the healthcare, education, housing, transportation, and water infrastructure sectors, leading to the growth of the Construction Chemicals industry in Indonesia.

Growing Market Share of Organized Construction Chemical Players: The organized construction chemical companies contribute a market share of ~80% in the Indonesia construction chemical market. The market has witnessed a large number of global construction chemical companies entering this market in the past few decades, leading to the growth in their market share. The surging demand for high quality construction chemical products is leading to the growing demand for the organized construction chemical Companies. These Organized Players have an advantage of procuring raw materials internationally, as local raw material availability is very low in Indonesia. They have also started providing a varied product portfolio with products such as waterproofing, concrete admixtures, sealants, Adhesives and others targeting a larger user segment. High complexity in manufacturing along with limitations related to technical assistance, high import dependence and after sales service are some of the factors leading to the limited entry of Unorganized Players in the market.

Increasing Demand for Concrete Admixtures: Concrete Admixtures are contributing majorly to the construction chemicals market (by Value) in Indonesia. The market for concrete admixture in Indonesia is witnessing a significant growth, owing to the rapid growth and Project Execution in the construction industry. Government initiatives like “One Million Houses per Year” have largely facilitated the growth of the construction sector in the country. Low complexity in manufacturing the concrete admixtures has led to the sustenance of a selected number of local concrete admixture companies in Indonesia. The unorganized concrete admixture companies have a minority market share of ~   20 %, by value.

The report titled “Indonesia Construction Chemicals Market Outlook to 2025: Ongoing and Healthy Pipeline of Ambitious Infrastructure Projects are driving the growth of Construction Chemicals Market” by Ken Research suggested that the Indonesia construction chemicals market is further expected to grow in the near future with the growing Residential construction due to rising demand from a growing younger middle class, along the massive pipeline of Infrastructure Projects anticipated to be executed in the forecasted period. The market is expected to register a positive CAGR of 9.26% in terms of revenue during the forecast period of FY’20-FY’25, with the Organized market anticipated to grow at a faster rate.

Key Segments Covered in Indonesia Construction Chemicals Market: -

By Type of Construction Chemical Market

Organized

Unorganized

By Type of Construction Chemicals

Concrete Additives

Waterproofing

Repair and Rehabilitation Chemicals

Sealants

Tile Adhesives

Flooring

By Type of Concrete Additives Market

Organized

Unorganized

By Type of Waterproofing Market

Organized

Unorganized

By Type of Repair and Rehabilitation Chemicals Market

Organized

Unorganized

By Type of Sealants Market

Organized

Unorganized

By Type of Tile Adhesives Market

Organized

Unorganized

By Type of Flooring Market

Organized

Unorganized

Key Target Audience

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Repair and Rehabilitation Chemical companies

Time Period Captured in the Report:

Historical Period: FY’15-FY’20

Forecast Period: FY’20-FY’25

Construction Chemical Companies in Indonesia:

Aquaproof (PT Adhi Cakra)

PT MBS Indonesia

PT Bostik Indonesia

PT Dow Chemical Indonesia

PT FOSROC Indonesia

PT Sika Indonesia

PT Mapei Indonesia

PT Estop Indonesia

PT Miranila Abadi (Ultrachem)

Bossil (Nippon paint Subsidiary)

PT Propan Indonesia

Mortar Utama-Weber

Key Topics Covered in the Report: -

Global overview of construction chemicals market

Construction Chemical Market Ecosystem

Value chain Analysis of Construction Chemicals market

Demand side analysis of Construction Chemicals market

Porter’s Five Forces Analysis of the Indonesian Construction Chemicals Market

SWOT Analysis of Construction Chemicals Market

Key Trends in Indonesia Construction Chemicals Ecosystem

Government’s Role in the Indonesian Construction Chemical Market

Recent Developments in Indonesian Construction Chemical Market

Import Export Scenario of Raw Materials in Indonesia Construction Chemical Market

Import Export Scenario of Specialty Chemicals in Indonesia Construction Chemical Market

Indonesia Construction Chemicals Market End User Analysis

Indonesia Construction Chemicals Market Size and Segmentation

Market Share of Construction Chemical Companies on the basis of Revenue

Financial and Business Landscape of Indonesia Construction Chemicals Players

Product Landscape of Indonesia Construction Chemicals Players

Company Profile of Major Construction Chemical Companies in Indonesia

Indonesia Construction Chemicals Market Future Outlook and Projections

COVID-19 Impact on the Construction Chemicals Industry

Forward Path and Recommendations

Analyst Recommendation

For More Information On the Research Report, Refer to the Below Link: -

Future of Indonesia Construction Chemicals Market

Related Reports by Ken Research: -

India Construction Chemicals Market Outlook to 2025 (Second Edition ): Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market

India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth

Indonesia Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

US Agrochemical Market Outlook to 2025 – Increasing Usage of Integrated Pest Management Activities and Bio Pesticides to Drive Market Growth

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

Global Led Chip Market predict to foster owing to higher degree of power efficiency and brightness: Ken Research

LED stands for the light emitting diode, which is a two-lead semiconductor light source. These are utilized in a wide variety of applications that diverge from backlighting in electronic products likewise LCD TVs, laptops, and phones, as well as in street lighting and automotive lighting, and general illumination. This can be accredited to the better picture excellence offered by LEDs owing to their higher degree of power proficiency and brightness. The LED chip, also well-known as the die, represents the most indispensable and cost-intensive component of the LED. It is a critical aspect in determining the light quality. The chips have dissimilar ratings for illumination, wavelength and voltage. After installing the LED chip and passing current through an electrical source, a precise color of light is discharged, which is strong-minded by the dominant wavelength.

According to the report analysis, ‘Global LED Chip Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Nichia, Philips Lumileds, Cree, Toyoda Gosei, OSRAM, Epistar, Tyntek, Genesis Photonics, Lextar, Formosa Epitaxy, OPTO-TECH, Seoul, Semiconductor, Samsung, LG Innotek, San'an Opto, Changelight, Aucksun, ETI, Lattice Power, Tong Fang, HC SemiTek and several others are the key corporates which recently operating in the global LED chip industry more actively for leading the highest market growth and registering the great value of market share around the globe during the near future while improving the qualitative and quantitative measures of such, employing the young and active personnel, delivering the better consumer satisfaction, decreasing the associated prices of such, increasing the applications and benefits of such, analysing the strategies and policies of government and similar entities, implementing the policies of enlargement and profit making, spreading the awareness connected to the applications and features of such, and establishing the several research and development programs.

In addition, it is predicted that the Global LED Chip Market is presently exhibiting double-digit growth. Such lights are more energy-efficient in terms of power consumption and deliver the high luminous intensity. They utilize the electroluminescence to generate the light without producing the heat and convert electricity into energy with minimum wastage. Furthermore, such products have a longer lifespan as linked to incandescent bulbs, which further propels their requirement. However, with technological innovations and research and development, the price of manufacturing LEDs per kilolumen has deducted. This has proficiently decreased the average selling price (ASP) of LEDs, making them a favoured choice among consumers. Moreover, incentives delivered by governments across the globe to encourage the utilization of energy-efficient lighting is also elevating the requirement for LED products.

The organized corporates in the LED chip market are proficiently implementing the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition, and many more for developing the status globally, obtaining the competitive edge, generating the high percentage of revenue and ruling around the globe. Therefore, in the near years, it is predicted that the market of LED chip will increase around the globe more proficiently over the near future.

For More Information, refer to below link:-

Global LED Chip Market Analysis

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Pandemic Becomes a New Opportunity for Used Car Dealers in Thailand as New Car Sales Drop due to Buyer’s Limited Budget: Ken Research

 Key Findings

One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase.

Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups and auto portals present in Southeast Asia are entering the Thailand market or expanding their presence through mergers & acquisitions, seeing the industry’s potential.

One Ton Pickups have gained a significant share in the used cars market in the last five years as they are better aligned with the expectations of Thai consumers. This is mainly due to the reason that they can be used as passenger and commercial vehicle for transportation. Moreover, theses vehicle enjoy a tax rebate if registered as commercial vehicles.

Growth of Digital Platforms: Increasing internet and smart phone penetration in the country has resulted in large number of consumers preferring to buy and sell cars through online auto classifieds and social media. Auction Houses are also increasing their spending on online advertising and generating leads through these platforms. Data from Google Trends also indicates that the market has gained more attention. Searching for major second-hand car brands on the Internet increased in the past two years.

Unorganised dealers dominate the Sales Volume in the Market: Independent dealers (Car Tents) dominate the market due to large presence across the country. These dealers are also increasing their online presence by listing their inventory on their own website/Facebook account or platforms resulting in market growth. The players in the unorganized sector give strong preference to less-aged cars and popular brands with good resale value. Consequently, buyers have limited range of vehicle options to choose from.

Sluggish Growth Rate Due to First Car Buyer Program: From 2011 to 2012, the Thai government implemented the First-Time Buyer Program to encourage automobile consumption, which led to a rapid growth in automobile production and sales. However, by the end of 2017 the market was flooded with second hand cars after the end of program. This caused a decrease of 20%-25% in the price of used car thereby affecting the industry revenue.

Declining Used Car Sales Demand due to Covid-19: The demand for used cars decreased during the corona virus pandemic. This was due to low supply and also due to closure of OEM dealerships and Local Tents during lockdown. This was further fuelled by decrease in purchasing power which led to postponing of new and used car purchases. Also, Thailand has recently recovered from a political and economical instability which has led to a decline in supply. Apart from sales issues, used car companies experienced cash flow difficulties due to the fact that most of the banks were not repossessing cars. The demand for used cars in the country remained low at the starting of 2020, however there was increase in demand in the second half of the year post ease in confinement. Slow recovery is expected in 2021. The manufacturers are expected to shift focus towards digital medium in order to drive sales and increase customer footfall.

Analysts at Ken Research in their latest publication “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” observed that Thailand is a growing used car 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 Thailand Used Car Market is expected to grow at a CAGR of 7.3% on the basis of GTV over the forecast period 2020-2025.

Key Segments Covered

By Market Type

C2C

B2C/OEM organized

Multi Brand Organized Dealer

Multi Brand Unorganized Dealer

OEM Organized

Auction

By Car Segment

Hatchback

1 ton pickup

Sedan

MPV, HPV/Mini MPV

SUV

By Region

Bangkok

North East

North

South

East

West

By Kilometers Driven

Less than 20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Age of Buyers

20-30 Years

30-50 Years

Above 50 Years

By Source of Lead

Online (Social Media/Car Portals/Official Website)

Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

Toyota Sure Thailand

Honda Used Certified Thailand

Mitsubishi Diamond Used Car

Nissan Intelligence

Mercedes Certified

Volvo

Companies Covered (Online Portals)

ICar Asia (One2Car, Thaicar, Autospinn)

Carsome Thailand

Carro Thailand

Key Target Audience

Used Car Companies

OEMs

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Distributors Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2021-2025

Key Topics Covered in the Report

Executive Summary

Research Methodology

Thailand Used Car Market Overview

Thailand Used Car Market Size, 2014-2020

Thailand Used Car Market Segmentation, 2020

Growth Drivers in Thailand Used Car Market

Issues and Challenges in Thailand Used Car Market

Regulatory Framework

Snapshots on Used Car Financing

Snapshot on Auction Market

Snapshot on Used Bike Market

Ecosystem and Value Chain of Used Car Industry in Thailand

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2021-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

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

Thailand Used Car Market

Related Reports by Ken Research

Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)

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)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Global Border Security Market estimate to grow effectively owing to speedy technological improvements: Ken Research

Border security is indispensable for safeguarding the country from intruders and illegal activities. Several systems that are demanded for border security are camera, radars, lasers, etc. supports for better surveillance facility and precise locations of the target. It supports to safeguard the citizens and keep them safe from any illegal activities and the military forces. There are several factors that are accountable for the growth of the border security market. The sudden augment of terrorist attacks and political conflicts is one foremost reason. Also, the augmenting uses of unmanned solutions are accommodating for better investigations by the defence and military in several countries are important factors.

According to the report analysis, ‘Global Border Security Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Airbus group, Boeing, Cobham, DRS Technologies, Northrop Grumman, Elbit Systems, FLIR Systems, General Atomics Systems, General Dynamics and several others are the foremost corporates which presently operating in the global border security industry more proficiently over the near future for leading the highest market growth and registering the great value of market share around the globe during the near future while establishing the several research and development programs, delivering the better consumer satisfaction, employing the young and active personnel, decreasing the connected prices, spreading the awareness connected to the benefits and applications of such, analysing the strategies and policies of government as well as corporates, implementing the policies of enlargement and profit making, increasing the applications and specifications of such, improving the qualitative and quantitative measures of such and establishing the several research and development programs.

By types, the market of border security is sectored into laser, radar, camera, wide band wireless communication, perimeter intrusion, unmanned vehicles, C2C and biometric systems. By applications, the market of border security is classified into ground, aerial and naval.

Moreover, there are several aspects that can affect the automated border control market. One of them is the deducting the budgets for the defence and military particularly by the US and other regions. Other than that, the limited policies and rules, and regulations by the government can distress the Global Border Security Market growth. However, foremost key players are trying to manage the regulation to manufacture proficient products. Developing regions in the Asia-Pacific region such as India and China are also aggressive the market towards growth. There are several key players that are improving new technologies for better surveillance and security systems for border fortification. However, North America also controls a proficient share in the border security market for speedy technological advancements. 

Although, the coronavirus pandemic has led to the declination of budgets by the governments for the advancement of health facilities. Owing to the outbreak, the economic situations of several countries were severely affected. Numerous manufacturing units were forced to shut down owing to shortage of supplies, skilled labour, and further supply. However, several companies are aiming upon technological developments in the automated border control that will revive the border security market. 

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Global Border Security Market Analysis

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Global Automotive Pedestrian Protection System Market Predict to augment significantly during reviewed duration: Ken Research

A pedestrian protection system is utilized to safeguard the pedestrians in the event of a sudden collision so that it leads to less damage. This system has sensors that are structured for detecting collisions with pedestrians and an airbag control unit that can initiation the actuators for lifting the engine hood. When the system is stimulated, the rear section of the bonnet gets elevated and the driver obtains an automatic alarm. Systems such as popup hood & speed airbags and flexible air tubes are utilized for pedestrian safety throughout the time of sudden accidents. The several systems majorly concentrate on safeguarding the pedestrians’ heads and limbs. Moreover, as per the core definition, the automotive pedestrian protection system industry is only contingent on the sales and latest modernization is done in active hoods and external airbags to save the pedestrian from the collision.

According to the report analysis, ‘Global Automotive Pedestrian Protection System Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Nissan, Volvo, Audi, Toyota, Ford, Honda, Mercedes Benz, BMW, Subaru, Denso, Delphi, Hitachi Automotive, Clarion, Valeo, Magna and several others are the foremost entities which recently functioning in the global automotive pedestrian protection system industry for leading the highest market growth and registering the great value of market share around the globe in the near future while increasing the applications and benefits of such, delivering the better consumer satisfaction, employing the young and active personnel, decreasing the linked prices of such, analysing the strategies and policies of entities and government, accepting the strategies of enlargement and profit making, establishing the several research and development programs, spreading the awareness connected to the benefits and features of such, and improving the qualitative and quantitative measures of such.

By types, the global automotive pedestrian protection system industry is classified into passive and active. By application, the global automotive pedestrian protection system industry is categorized into passenger vehicle and commercial vehicle.

The Global Automotive Pedestrian Protection System Market is propelled by rise in number of road accidents, high implementation rate of advanced emergency braking system & collision control system, and augment in demand for developed visibility and safety features in vehicles. Furthermore, the moving consumer preference to enhance propelling experience and rise in requirement for premium cars propel the growth of the automotive pedestrian protection system market. In addition, technological steps taken by giant entities for the development of safety features further boost the growth of the worldwide market. The market reviewed by considering all the propelling factors that propel equally to the automotive pedestrian protection system market report.

The organized and large corporates in the automotive pedestrian protection system market are significantly accepting the policies and strategies of enlargement such as partnership, new product development, merger and acquisition, joint venture, amalgamation and several other for generating the high percentage of revenue, ruling around the globe and obtaining the competitive edge. Therefore, in the near years, it is predicted that the market of automotive pedestrian protection system will increase around the globe more effectively over the forthcoming years.

For More Information, refer to below link:-

Global Automotive Pedestrian Protection System Market Analysis

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Global Community and Individual Services Market Research Report: Ken Research

 Western Europe was the largest region in the global community and individual services market, accounting for 44% of the market in 2019. Asia Pacific was the second largest region accounting for 29% of the global community and individual services market. Middle East was the smallest region in the Global Community and Individual Services Market.

Food banks are becoming popular and are adopting technologies and exploring alternatives to distribute food to people in temporary shelters, community centers and other low income group locations. Food banks are non-profit organizations that collect, store, and distribute food to those in need. Many food banks now have mobile food pantries or food trucks to deliver refrigerated and dry foods directly to people in schools and low-income and senior housing facilities.

The community and individual services market consists of the revenues from community and individual services and related goods by entities (organizations, sole traders and partnerships) that provide non-residential social assistance to children and youth, the elderly, persons with disabilities, and all other individuals and families or collect, prepare, and deliver food for the needy; provide short-term emergency shelter, temporary residential shelter, transitional housing, volunteer construction or repair of low-cost housing, and/or repair of homes for individuals or families in need; or provide food, shelter, clothing, medical relief, resettlement, and counseling to victims of domestic or international disasters or conflicts (e.g., wars).

The global community and individual services market is expected to grow from USD 1137 billion in 2019 to USD 1178.5 billion in 2020 at a compound annual growth rate (CAGR) of 3.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach USD 1490.2 billion in 2023.

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Global Community and Individual Services Market

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