Vietnam Road Freight Market, Industry, Revenue, Analysis, Shares, Size, Major Players, Growth: Ken Research

How Logistics Market is Positioned in Vietnam?

The logistics industry in Vietnam has seen significant growth in recent years owing to Vietnam’s expanding manufacturing sector, e-commerce sector and country’s economy. The majority of Freight is carried through road, maritime (including inland waterways) and aviation. Vietnam’s young population has helped the country with the adoption of e-commerce, resulting in increasing the demand for the expansion of logistics industry. Vietnamese government is aiming towards an export driven economy. Establishment of key economic zones and more than 300 industrial parks are some steps taken by the Vietnamese government that will strengthen the future of logistics industry in the country.

Logistics is one of the fastest growing sectors in Vietnam due to the increase in trade between countries and Vietnam. The Vietnamese government aims to achieve an annual logistics growth rate close to 20 percent by 2025. Vietnam’s cargo throughput has steadily grown between 2015 and 2019. The logistics services tend to be outsourced in Vietnam – characterized by basic and specialized services. Basic services include transport and warehousing. Specialized services include higher-order services such as the management of warehouse, inventory, and vendor; processing of orders; liaising with customs; and reverse and climate-controlled logistics.

Opportunities exist for developing warehousing infrastructure and distribution centers. There is a need to integrate existing storage infrastructure with other logistic functions, such as transportation, inventory management, cold chain, customs facilities, and warehouse management.

Vietnam Logistics Market Segmentation

By Freight Volume:

The Logistics market is segmented on the basis of Freight Volumes i.e. Volume of Freight Carried and Volume of Freight Traffic.

By Type of Transportation

The Logistics market is segmented on the basis of Type of Transportation i.e. Road, Rail, Air and Water.

By Type of Ownership

The Logistics market is segmented on the basis of Type of Ownership of the Enterprises in Logistics Industry i.e. State Owned, Non-State Owned and FDI.

By Transportation Sector

The Logistics market is segmented on the basis of Transportation Sector in Vietnam i.e. Domestic and Overseas.

Detailed Analysis on Road freight Market in Vietnam

As per recent Logistics Performance Index, Vietnam ranked 39 out of 160 countries rising 25 positions since 2016. Over three-fourths of freight tonnage in Vietnam was transported by road, growing five percent during the period of 2010-2019. The increasing movement of goods to and from Vietnam has necessitated further development in its road freight sector. Vietnam’s participation in several free trade agreements (FTAs) has further helped augment its manufacturing growth.

Vietnam Road Freight Market Segmentation

By Freight Volume

The Road Freight market is segmented on the basis of Freight Volumes i.e. Volume of Freight Carried and Volume of Freight Traffic.

By Region

The Road Freight Market in Vietnam is segmented on the basis of various regions in Vietnam i.e. Red River Delta, Northern Midland & Mountain Region, Northern Central Area & Central Coastal Area, Central Highlands & South East, Mekong River Delta.

Comparative Landscape in Vietnam Ambient Container Truck Market

Competition was observed to be highly fragmented however, within high fleet size category; the competition has become concentrated with domestic players such as SNP – Siagon New Port, MP logistics, Viettel Logistics and others. Nevertheless, the medium fleet sized players have a larger presence in the market in terms of revenue, freight volume and other parameters.

Vietnam Road Freight Future Outlook and Projections

Factors such as vehicle efficiency, shifting from traditional to alternative fuels, technological implementations, strategic collaborations will drive the Vietnamese Road Freight market in the near future both in terms of revenue and freight volume. Apart from domestic players numerous other international players might enter the market and contribute towards the growth in future in Vietnam.

Key Segments Covered:-

Logistics Market

By Freight Volume

By Transport Sector

By Transportation

By Enterprise Ownership

Road Freight Market

By Freight Volume

Fleet Characteristics

Key Target Audience:-

Manufacturing Industry

FMCG Industry

Food Processing Industry

Agriculture industry

Food Packaging industry

Transporatation industry

Consumer Electronics Industry

Electrical Industry

Automobile Industry

Time Period Captured in the Report:-

Historical Period: 2015-2019P

Forecast Period: 2020F–2025F

Companies Covered:-

Road Freight Industry

Viettel Logistics

SNP – Saigon New Port

MP Logistics

Indo Trans Limited

DB Schenker

Transimex Corp.

Bollore Logistics

VinaFreight International

U&I Logistics

Gemadept Corp.

Nguyen Ngoc

Bee Logistics

VinaTrans

TCI Logistics

Minh Chau JSC

Interlink

End User:-

Trung Nguyen

Unilever

Samsung

Viettel

Sapporo Breweries

Yakult Honsha

PetroVietnam

CocaCola

TOTAL

Nestle

VinaMilk

Masan Holdings

Suntory Pepsico

Sabeco Brewery

Procter & Gambler

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

Vietnam Road Freight Market

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Turkey Logistics and Warehousing Market Outlook to 2025 – By Domestic and International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight and Pipelines, Sea, Air and Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic and Cross Border E-commerce Logistics

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Growth in Healthcare Infrastructure is Set to Drive UAE Diagnostic and Medical Testing Market: Ken Research

Diagnostic and medical testing refers to a specific type of testing, usually used in detecting disease and to monitor its progression. Additionally, diagnostic tools & equipment are also used in guiding the treatment and assessing its effectiveness. Diagnostic testing is mainly two types: invasive diagnostic testing and non-invasive diagnostic testing. Invasive diagnostic tests include piercing the skin or entering the body for instance taking a blood sample, colonoscopies and biopsies. Additionally, non-invasive testing involves the exploit of advanced diagnostic equipment that creates images/pictures of organs, bones and soft tissues inside the body without having to make an incision.

Some of the commonly used image-guided diagnostic testing procedures include Magnetic Resonance Imaging (MRI), radiography or X-rays, mammography, ultrasound and others. MRI generally uses a strong magnet & radio waves to produce the highly detailed images of the inside the body. X-ray or radiography uses radio-waves to create the images of bones & organs. Mammography is often used as a screening & diagnostic tool for women to detect the abnormal growths in the breast. Additionally, ultrasound uses sound-waves, computer and transducer to create the images of internal organs.

Referring to the study, “UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)” some of the key companies that are presently operating in the UAE diagnostic & medical testing market include Al Borg lab, NRL (National Reference Laboratories), Medsol, Purehealth, Unilabs, MENA Labs, Cleveland Clinic Abu Dhabi, Thumbay Labs, SRL Diagnostics UAE, Life Diagnostics & York Lab and among others. In order to reinforce their position in the diagnostic & medical testing market, leading players are now focusing on executing different strategies including recent developments, mergers & acquisitions, joint ventures, product innovations, collaborations and partnerships.

In terms of testing type, UAE diagnostic & medical testing market can be segregated as specialized testing and routine testing. Routine testing segment holds major share in regional market due to rise in prevalence of chronic diseases such as heart diseases, cancer and asthma. In terms of testing model, market can be segregated as outsources and in-house. In-house testing model segment is anticipated to exhibit substantial growth rate as it is less expensive, convenient and confidential during the forecast period. In terms of type of players, market can be segregated as private clinics, public institutions, private hospitals and independent laboratories. Private clinics and private hospitals are likely to witness higher CAGR caused by growth in healthcare expenditure coupled with increase in healthcare awareness among people during the forecast period. In addition, in terms of end-user, UAE diagnostic & medical testing market can be segregated as COVID, B2C end-users, B2B end-users and lab management.

Rise in number of In vitro diagnostic (IVD) test, followed by growth in healthcare infrastructure and better financial models, increase in lifestyle diseases, adequate reimbursement policies and growth in patient population are some major factors, which are responsible for growth of the UAE diagnostic & medical testing market. Apart from this, high cost of diagnostic & medical tests may impact the market.

Based on country-wise analysis, the UAE diagnostic & medical testing market can be bifurcated as Dubai, Abu-Dhabi and rest of UAE. Abu-Dhabi country dominates the regional market because of increase in number of laboratories across the region. Dubai country is expected to witness higher growth rate due to increase in government focus & favorable policies on healthcare over the forecast period. It is projected that future of the UAE diagnostic & medical testing market will be bright on account of growth in spending in health infrastructure during the forecast period.

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UAE Diagnostic and Medical Testing Market

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Global Online Exam Proctoring Market Size, Share Report Provides Potential Growth, Upcoming Demand, Trends and Industry Analysis 2021 to 2027: Ken Research

The global Online Exam Proctoring market was valued at 363.8 Million USD in 2020 and will grow with a CAGR of 18.08% from 2020 to 2027, based on HNY Research newly published report.

The prime objective of this report “Global and Regional Online Exam Proctoring Industry Status and Prospects Professional Market Research Report Standard Version 2021-2027” is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Online proctoring refers to a digital form of assessment which allows you to sit exams from any location. During online proctoring, the software is used to allow students and course participants sit exams at any place of their choice. It has to be somewhere reliable and free from fraud. The Online Exam Proctoring market covers Advanced Automated Proctoring, Recorded Proctoring, etc. The typical players include Examity, PSI Services, ProctorU, ExamSoft, etc. Online Exam Proctoring is mainly used in following Application groups: Education, Certification/Licensure, Corporate, etc. And Education are the most widely used group which took up about 51.66% of the global market in 2019.

Americas is the largest sales region of Online Exam Proctoring in the world in the past few years. Total Americas market took up about 42.68% of the global market in 2019, Europe followed with 32%, and APAC took about 22.25% in 2019. USA is now the key developers of Online Exam Proctoring Platforms. In 2019, USA market size was valued at 114.37 MillionUSD. The market is expected to reach 323.44 MillionUSD by 2025. The Online Exam Proctoring Platforms market concentration is low. Examity, PSI Services, ProctorU, ExamSoft, Comprobo, Mercer-Mettl are some of the leading players in Global Online Exam Proctoring Platforms market. Top 3 took up about 26.36% of the global market in 2019.

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By Market Verdors:

Examity

PSI Services

ProctorU

ExamSoft

Comprobo

Mercer-Mettl

ProctorTrack (Verificient)

By Types:

Live Online Proctoring

Advanced Automated Proctoring

Recorded Proctoring

By Applications:

Education

Certification/Licensure

Corporate

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Global Online Exam Proctoring Market Research Report

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Rise in Usage of Mobile Devices and Apps is Set to Drive the Asia Pacific Digital Transformation Market: Ken Research

Digital transformation is defined as the use of several digital technologies like big data, cloud computing, mobility, and social media to improve the business-processes. Need to grow the business, to improve operating costs & business efficiency, and track business activities in real time are driving companies to become part of the digital transformation. It enables various companies to enhance the operational performance, brand-reputation, customer experience and customer retention rate. Various factors such as changing landscape of customer intelligence, increasing spending on marketing & advertising activities by enterprises, and proliferation of the customer channels are anticipated to drive the adoption of digital transformation technologies & services.

Some of the key benefits of digital transformation include improves efficiency & productivity, helps to drive business model innovation, delivers deep insights to inform the real-time decision-making, supports a robust & competitive corporate growth strategy, enhances the customer experiences and fosters agility & resistance to disruption.

Referring to the study, “Asia-Pacific Digital Transformation Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the Asia-Pacific digital transformation market include Google Inc., Accenture PLC, IBM Corporation, Dell Corporation, Capgemini, Oracle Corporation, Microsoft Corporation, Cognizant, SAP SE, Adobe Systems Incorporated and among others. Well-organized companies are investing in the research & development (R&D) activities to boost their market share and make certain improvements in their internal processes using digital transformation. Besides, key market players are dynamically engaging in innovative product development to improve & expand their existing product & service portfolios. In addition, companies are also focusing on the mergers & acquisitions, and strategic partnerships to develop the technically advanced products and to gain a viable edge.

The digital transformation is the result of the changes that occur using the application of digital technologies. The use of digital transformation across business & organizational activities, competencies, processes, and business models leverages the changes & opportunities of a mix of digital technologies and their impact on society. The digital transformation helps the companies to improve customer experience, to optimize the workforce, to improve the operational activities and transform the organization's products & services. Advancement of digital technologies including cloud computing, mobility/social media, big data & analytics, blockchain, Internet of Things (IoT), Artificial Intelligence (AI), robotics, and cyber-security, has created the requirement for digitalization across several industries. Companies use these technologies to extend their traditional business processes or to add more functionality while improving customer relationships.

The Asia-Pacific digital transformation market is primarily driven increase in the usage of mobile devices & apps, followed by growth in penetration of Internet-of-Things (IoT)-based products & devices in day to day life, surge in need to increase operational performance, rise in demand for industrial automation and surge in dependency of business on IoT based products & solutions. However, high data security threats and underdeveloped ICT infrastructure in the underdeveloped & developing nations is a major hindering factor for market. Moreover, rise in dependence of the BFSI, retail, and automotive sectors on IoT-based products & solutions are a leading opportunity for market.

By country-wise analysis, the Asia-Pacific digital transformation market can be segmented as India, Japan, Singapore, China, Australia, South Korea and rest of the Asia-Pacific. Asia Pacific is a leading region for digital transformation market due to presence of a large number of companies & industries that have its base across the region. Companies opting for quicker solutions to offer products & services that meet the highest customer expectations, social changes, and new economic realities lead to a faster implementation of the digital transformation strategy in the Asia-Pacific region.

For More Information, refer to below link:-

Asia Pacific Digital Transformation Market

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Increase in Awareness Regarding Cancer Treatment Expected to Drive Global Herceptin Biosimilar Market: Ken Research

 Herceptin is a specific type of monoclonal antibody, which is generally used to treat patients who are suffering from metastatic (spread) breast cancer & gastric cancers. It is also used as a part of the chemotherapy treatment for adjuvant-treatment of lymph-node positive, HER2/neu protein positive breast-cancer. Herceptin is also acknowledged as trastuzumab and primarily administered intravenously in the cancer patients. Its dose given to the patients is assessed on the basis of patients' disease history and other physiological factors for instance weight, height and type of cancer or disease condition. Rising prevalence of gastric cancers including metastatic gastric cancer is a key factor likely to drive the growth of global herceptin biosimilar market. Moreover, new product launches along with various products in the pipeline for clinical trials, growth in technological advancements, approval of new Herceptin biosimilar drugs by key companies and growth in healthcare expenditure drive the Herceptin-Biosimilar market.

As per analysis, Global Herceptin Biosimilar Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global Herceptin Biosimilar market include Gedeon Richter, The Instituto Vital Brazil, Amgen, Mylan, Genor Biopharma, Celltrion, AryoGen Biopharma, Mabion and among others. Well-organized companies focus on achieving product-approvals to maintain their position in the global herceptin-biosimilar market. Furthermore, these companies are focused on introducing novel products to fortify their product-portfolio in the global herceptin-biosimilar market.

By types, Herceptin Biosimilar market can be bifurcated as tablets, capsules and others. In addition, by application, market can be bifurcated as healthcare & pharmaceutical and others. Healthcare & pharmaceutical segment is projected to exhibit substantial growth rate because of growth in healthcare infrastructure provided by hospitals for instance intensive care units (ICU) & ventilators and rise in the number of patients admitted to hospitals & clinics for treatment during the forecast period.

Increase in awareness regarding cancer treatment, followed by growth in focus on the development of Herceptin therapeutic biosimilars, increase in research & development (R&D) activities and rise in incidence of cancers are some major factors, which are responsible for growth of the Herceptin Biosimilar market. Apart from this, strict regulations regarding the approval of Herceptin biosimilars and adverse effect related caused by Herceptin biosimilars may impact the market.

Based on regional analysis, the North-America is a leading region in global Herceptin Biosimilar market owing to presence of large number of key players, rapid adoption of Herceptin biosimilars, increase in favorable reimbursement policies, rise in government grants & funding and high healthcare expenditure across the region. The Europe and Asia-Pacific regions are anticipated to witness higher growth rate due to increase in number of breast cancer, introduction of new Herceptin biosimilars and rise in focus on the development of Herceptin therapeutic biosimilars over the forecast period. It is predicted that future of the global Herceptin Biosimilar market will be bright on account of increase in patient pool and growth in advancement in healthcare industry during the forecast period.

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Global Herceptin Biosimilar Market

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Increase in Health Problems Associated with Air Pollution is set to Drive Global Air Purifier Market: Ken Research

 Air purifiers are specific devices used to remove infecting/polluting particles including dust or pollen and filter the air for industrial or domestic uses. Air purifier is also used to maintain the air-quality high while slowing the spread of harmful substances. It can prevent numerous air-pollution caused diseases such as neurological problems or respiratory problems. It is also useful for people with allergies & asthma; these devices are also used to remove the tobacco smoke from a room.

Air purifiers are also used in many industries like power plants, printing, chemical, food & beverage, and fuel manufacturing. Air purifiers are mandatory in the industry for air-monitoring & cleaning as some of the gases & airborne particles released in the industry can be injurious to the employees and can influence the environment substantially if not controlled. Air purifiers are also used in homes to improve indoor air quality by removing odors, smoke, and dust particles from the air.

As per analysis, Global Air Purifier Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global air purifier market include Whirlpool, Panasonic, Electrolux, Sharp, Daikin, Samsung, Philips, Blueair, Iqair, Austin, Coway, Midea and among others. The main techniques used by these players to expand their dominance and gain greater market share licensing agreements, supply chain growth, are new product launches, investments in technology, acquisitions and mergers.

Based on type, air purifier market can be segregated as active carbon, static electricity, plasma, ozone generator, anion, HEPA and others. HEPAs are primarily used in portable filters suitable for small operational areas or home use. The key benefit of this type of product is that it can be used against various allergies such as pollen and dust mites. Additionally, based on application, market can be segregated as commercial use and household use. Commercial application generally includes educational-institutions, hotels, healthcare-facilities, shopping malls, workplaces, movie theatres, and so on.

The air purifier market is driven by increase in application of wearable air purifiers, followed by rise in demand for smart air purifiers, growth in urbanization, increase in construction activities & harmful emissions from industries and significant rise in health problems associated with air pollution. However, high adoption & maintenance cost is a major hindering factor for market. Moreover, growth in popularity of smart air purifiers is a key trend for global market.

By geographic analysis, the Asia-Pacific region dominates the global air purifier market owing to growth in population coupled with rise in disposable income across the region. The Europe and North-America regions are estimated to exhibit considerable growth rate due to growth in urbanization, rapid industrialization and increase in public & private funding and investments over the forecast period. It is anticipated that global air purifier market will be reached at rapid pace because of growth in technological enhancements in particulate sensors and rise in infrastructure development during the forecast period.

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Global Air Purifier Market

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Global Pyrimethanil Market Industry Trends, Analysis, Share, Market Size, Application Analysis, Growth Rate And Forecast 2021-2027

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The 'Global Pyrimethanil Market Outlook 2018-2023’ offers detailed coverage of pyrimethanil industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading pyrimethanil producers to provide exhaustive coverage of the market for pyrimethanil. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.

The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The ‘Global Pyrimethanil Market Outlook 2018-2023’ has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Middle East & Africa (South Africa, Saudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.

    

Key Regions

- North America

- Europe

- Asia Pacific

- Middle East & Africa

- South America

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Key Vendors

- BASF SE

- Bayer CropScience Ltd.

- Jiangsu Kuaida Agrochemical Co., Ltd.

- Limin Chemical Co., Ltd.

- Tianjin Shipule Pesticide Technological Development Co., Ltd.

- Yantai Keda Chemical Co., Ltd.

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Global Pyrimethanil Market Research Report 2018-2023

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Global Chaff Cutter Market - Growth Rate, Trends, Covid-19 Impact & Forecasts

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The Global Market for Chaff Cutter to 2023 offers latest information and historical data on chaff cutter market on the basis of product, by application, and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the ‘Global Chaff Cutter Market 2021-2027’ on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both sales and revenue. The study then describes the drivers and restraints for the chaff cutter market along with the impact they have on the demand over the forecast period.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the ‘Global Chaff Cutter Market’ collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global chaff cutter market.

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Key Regions

- North America

- Europe

- Asia Pacific

- Middle East and Africa

- South America

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Global Chaff Cutter Market Outlook 2018-2023

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Global Swather Market Industry Trends, Analysis, Share, Market Size, Application Analysis, Growth Rate And Forecast 2021-2027

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Global swather market is anticipated to grow at a CAGR of 3.1% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of type (self-propelled, tractor-pulled, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the ‘Global Swather Market 2021-2027’ on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Swather market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Swather market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the Global Swather Market 2021-2027 collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

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The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global Swather market.

Key Types

- Self-propelled

- Tractor-pulled

Key Regions

- North America

- Europe

- Asia Pacific

- Middle East and Africa

- South America

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Global Swather Market Outlook 2018-2023

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Vietnam Pudding Market, Industry, Market Revenue, Analysis, Outlook, Sales: Ken Research

How Is Pudding Market Positioned In Vietnam?

Overview: The bakery market in Vietnam is one of the most robust in the Asia-Pacific region with compounded annual growth of 20-30% in recent years. The sector has embraced the latest technologies to remain abreast of global trends. Addition to the expansion of large chained outlets such as BreadTalk, Tour Les Jours and ABC, independent small grocers (such as small bakers shops) were also seeing healthy growth in urban and rural areas.

Market: The pudding market contributes ~% of the bakery market in Vietnam and witnessed a double digit growth of 10.8% CAGR during the year 2015 to 2020. The market is currently at growth stage and entry of international bakeries and food service joints along with increasing disposable income and westernized cultures boosted the sales of pudding.

The growing urban population with its changing lifestyle patterns is driving the market growth of puddings in Vietnam. Most of the pudding demands for urban consumers are met by local bakery shops due to ease of availability and affordable prices. However, the closure of foodservice outlets during lockdown along with the strict government restrictions on gatherings during COVID 19 has seriously affected the sales of puddings. Consumer footfall to bakery shops and retailing stores has also decreased significantly post COVID due to safety and health concerns. Because festivals are major sales drivers for cakes and puddings in Vietnam, the sales performances of bakeries in 2020 as a whole proved to be weaker than expected.

Vietnam Pudding Market Segmentation

By Distribution Channel: The standalone stores such as bakeries and confectioneries dominated the market with ~% revenue share in 2020 due to its ease of convenience and product offerings. Online food delivery apps such as Now, Grab and Goviet are gaining traction post COVID19 making it convenient for consumers and creating opportunities for many restaurants, small eateries and housewives to offer bakery products to consumers.

However, traditional outlets, such as street stores and bakeries will continue to remain familiar places to purchase pudding even as online channels gain popularity due to the ease of convenience and impulse buying.

By Tier 1 and Tier 2 Cities: Consumer preferences in terms of taste, flavor and price of pudding differ depending on the region in Vietnam. Consumers especially under Tier 1 cities prefer to consume pudding as a part of dessert under hotels and restaurants, where premium is quite higher and falls under the range of above VND 20,000. Sales through online channels are expected to remain highly concentrated under Tier-1 cities. However, consumers in Tier 2 cities prefer independent shops and street stalls as they charge a lower price premium on the pudding and hence serve under the price range of VND 10,000-15,000.

Independent bakery stores and HORECA’s are expected to expand across Vietnam, especially in Tier 2 urban cities. Increase in disposable incomes in cities such as Da Nang and Hai Phong in the next few years will boost the sales.

Competitive Scenario in Vietnam Pudding Market

The pudding industry in Vietnam is highly fragmented with ~ organized/semi-organized and ~ unorganized bakeries and ~ mn restaurants & food outlets. Organized bakeries are utilizing social media to provide targeted and cost-effective marketing. Lacking the large budgets of international chains, local bakery cafes are eschewing traditional marketing to rely on word-of-mouth recommendations and social media engagement. Tapping into the artisanal market, smaller bakeries are concentrating on quality over quantity, while larger chains such as Nyugen Son Bakeries, Starbucks and Coffee House rely on creating larger quantities but with strong branding and associated trust. Major companies providing puddings such as Nguyen Son Bakery, Fresh Garden Bakery, Paris Gateaux Bakery, The Coffee House and Gong Cha Tea compete on parameters including Product Pricing, Product Portfolio / Flavor Variants, Quality / Reliability, Online Presence, Clientele / End User Base and Geographical Location.

Vietnam Pudding Market Future Outlook and projections

The pudding market in Vietnam is expected to experience medium level growth in the coming years owing to increase in personal disposable income, changing consumer lifestyles and behaviors, advances in baking tech and offerings and strategic alliance with e-commerce platforms. Hotels and restaurants are establishing a balance between good fats, healthy carbs, better sweeteners, wholesome ingredients and satisfying flavor enhancements to help consumers maintain stability between health and indulgence. Market expected to gain momentum owing to population growth along with rising incomes, health consciousness and the thriving bakery industry. Demand from Tier 1 and Tier 2 cities such as HCM, Hanoi and Da Nang to dominate the market in the future. Technical innovation in bakery equipment is expected to result in efficient delivery of a variety of artisanal baked products at scale. New products such as fat free and sugar free pudding is expected to boost the market growth in the coming years.

Key Segments Covered in Vietnam Pudding Market:-

By Distribution Channel

Standalone Sops (Bakery/Confectionery)

Online

HORECA’s

By Tier 1 and Tier 2 Cities Sales

Tier 1 Cities

Tier 2 Cities

Key Target Audience:-

Pudding Manufacturers

Pudding Mix Manufacturers

Consultancy Companies

Bakeries/Confectioneries

Hotels and Restaurants

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020–2025

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

Vietnam Pudding Market

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