Global Electric Motor Market Is Predicted to Augment Owing to Existence of Well-Established Players Globally: Ken Research

An electric motor is an electrical machine that is utilized to transform electrical energy into the mechanical energy. Most of the present electrical motors function through the interaction amongst the motor’s magnetic field and electric current in the wire winding to create the strength in the form of torque applied on the motor’s shaft. Agricultural, Industrial and automotive segments are the prime aspects for the deployment of such motors. But with the advancing technology and urbanization, the requirement for motors has augmented around the residential and commercial segments. In addition, the heating and air conditioning segment have developed as the fastest-increasing segment for motor deployment.

According to the report analysis, ‘Electric Motor Market: Current Analysis and Forecast (2021-2027)’ states that  the benefit of electric motors such as more environmentally friendly, as they do not cause pollution by burning the fossil fuels, which in turn generates the harmful greenhouse gases. Save the end-user money over time, while gasoline engines are more luxurious in comparison. The cost of fuel inclines to fluctuate over time, and the cost of gasoline generally augments by the month. The cost of electricity, on the other hand, is much inferior. On a short-term and long-term basis, electric motors utilize the less energy, which in turn generates the cost savings.

Electrical motors are utilized in countless different applications. Some of their most common applications comprise HVAC systems, Pumps, Lathes, Fans and Blowers, Compressors, Crushers, Heavy-duty machinery. The growth in the industrial segment is leading to the increasing demand for electric motors around the globe.

Based on the Voltage Rage, the market is classified into 9 V & below, 10-20 V, 21-60 V and 60 V & Above. The 60V and above sector of Global Electric Motor registered the market with approximately XX % market share. The segment created the revenue of USD XX Mn in 2020 and is predicted to augment at a CAGR of XX% throughout the forthcoming duration. However, the 21-60V segment would observe a significant growth in the CAGR during forthcoming years.

Electric Motor solutions are being sold for countless application such as Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation and Household Appliances. The industrial machinery sector captured the considerable market share. The segment created revenue worth USD XX million during 2020 and is projected to reach USD XX million by 2027. However, the motor vehicle sector is expected to observe an exhibit growth throughout the forecast duration.

Based on the region, North America constitutes a foremost market for the Electric Motor industry and produced revenue of USD XX Million during 2020 owing to the emerging requirement of electric vehicles in the region. Also, the existence of well-established players in the region adding pace to the growth of the market around the region. Therefore, in the near years, it is predicted that the market of electric motor will increase around the globe more actively over the near future.

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Global Electric Motor Market

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Global Medical Scales Market Is Anticipated To Develop Owing To Increasing Cases Of Malnutrition In Underdeveloped Regions: Ken Research

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Medical scales are an integral part of equipment for all medical establishments. Nearly every patient utilizes the weight scale structured for medical or health-care determinations as part of their treatment and daily care. The weight of a patient is critical information to recognize fluid accumulation, to measure exact dosages of medications, and to test for malnutrition or obesity. Weight is an indicator of entire health, so speedy weight loss or obtains may be an indication of a greater problem. Scales also display the slightest vacillation of weight suggesting a health issue. The Market majorly emphasizes the weight scale envisioned for medical or healthcare determinations.

According to the report analysis, ‘Global Medical Scales Market by Scale Type (Regular Scale, Wheelchair Scale, Infant and Baby Scales, and Others); By Application (Hospital, Household, Dialysis Center, Nursing Center, and Others); By Nature (Analog and Digital) and Region – Analysis of Market Size, Share & Trends and Forecasts to 2030’ states that market growth is owing to wide-ranging patients needing regular scales. As the market dynamics transform, the companies are also developing dissimilar models with dissimilar weight handling scales to cope with the growing number of obese patients. During the next 10 years, the regular scale sector is predicted to continue to dominate. The target market has moved to bariatric healthcare centers owing to the implication of scales in such centers for obese. The medical scales market is registered by hospital services with a share of over xx percent during 2019. The hospitals handling diverse cases and patients require different scale types raising their requirement in hospitals and healthcare clinics and centers.

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The growing problem of malnutrition in developing and underdeveloped countries is causing countless physicians worldwide to utilize the BMI of a patient as a critical measure for planning treatment and care choices. Their weights assist in determining the dosage of the medicines and the proper treatment demanded over the duration. So, with the growing cases of malnutrition much growth can be seen in the requirement for the scales by the healthcare centers in developing and underdeveloped countries.

With an increment in the population, life is receiving fast-paced eating habits have also been changing with a speedy rate favoring fast food or unhealthy food leading to an increasing number of cases of obesity amongst children and teenagers thus raising the requirement of the target market across the bariatric healthcare centers.

The Asia Pacific market is presenting a trend if increasing medical scale markets to advance patient care standards, explores the challenges faced by med-tech companies in lengthening their reach, and recognizes strategies that can assist bring more patients high-quality products and services. Companies that surmount challenges in the area to serve broader patient sectors can also unlock rich opportunities. The healthcare requirement of the region reflects their size and growth expectations, and by 2020, the Asia – Pacific med-tech market is predicted to develop. Therefore, in the near years, it is predicted that the market of medical scales will increase around the globe more effectively over the near future.

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Global Medical Scales Market Analysis

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Global Medical or Healthcare Scales Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027

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Global Lactose Free Butter Market Is Anticipated to Augment Owing to Increment in Per Head Expenditure on Lactose-Free Products: Ken Research

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Lactose-free butter products are majorly made for lactose-intolerant individuals. A product without lactose comprises far less content of lactose and delivers consumers a nutritional value without opposing reactions. Lactose-free butter products deliver those that are not accomplished of digesting lactose with the most essential nutrients is present in standard dairy products, such as calcium and vitamins. The present health appeal to customers in this category of products is broadening and thus increasing the requirement for this product.

According to the report analysis, ‘Global Lactose Free Butter Market By form (Powder, Liquid, semi-liquid); By applications (Household, Commercial); By Distributional channel (convenience stores, hypermarket/supermarket, e-retailers, specialty stores); and Region Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that the acceptance and requirement of lactose-free dairy products market globally are predicted to witness impressive growth during the upcoming years owing to the increasing population intolerant to lactose around the globe.

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In addition, according to the report the market growth is propelled owing to the advent of increasing the worldwide popularity and requirement for lactose-free dairy products during the coming years owing to an increasing global lactose intolerance population. Furthermore, rising cases of food allergies, increasing health benefits of lactose-free foods, augmented organic food, and drink consumption are predicted to drive global market growth over the review period.

Although, both developed and underdeveloped countries expect an increment in per-capita expenditure on milk products to propel growth in lactose-free butter products. Throughout the forecast period, this increasing market for lactose-free milk and butter delivers the dairy manufacturers substantial growth choices. It augments lactose-free butter consumption and sales across countless national markets. The increment in the consumption of organic food and beverages also propels the growth of the lactose-free butter market. Among the millennial populace, the occurrence of lactose intolerance is underwriting to the growth of lactose-free products. The present healthy living trend has augmented consumer understanding of ingredients in their food product. Shifting the preference of customers towards natural and organic food is on constant growth.
Moreover, owing to the growth in urbanization and the working populace; there is a growth in demand for nutritional and healthier quality food.

Based on the region, the global lactose-free butter market is scattered around different regions such as North America, Latin America, Europe, APAC, and MENA. The market in this segment for dissimilar forms of flavored lactose is projected to rise significantly in the future. The area also saw major augments in the number of the millennial populace, which are the foremost consumers of food. The surge in the millennial populace is therefore projected to bring proficient business growth opportunities.

Furthermore, the global lactose-free butter market is observing significant growth, due to the development of the worldwide processed food industry, increment in consumption of lactose-free butter and other dairy products by the aging populace, and growth in urbanization. In addition, increment in prevalence of diabetes, obesity, and several other health issues; growth in requirement for energy with weight management; surge in customer preference toward sugar-free, lactose-free, and gluten-free flour are some of the foremost factors projected to drive the requirement for lactose-free butter and propels the global lactose-free butter market growth.

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Global Lactose Free Butter Market

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Lactose Free Butter Market by Application (Household and Commercial) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail Stores, and Others): Global Opportunity Analysis and Industry Forecast 2019-2026

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Global Face Cream Market - Industry Analysis, Trends, Share, Growth Rate And Forecast 2021-2027

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During the recent trend, utilizing the face cream is essential owing to it keeps the moisture and elasticity in your skin, which can assist to decrease wrinkles, age spots and several other fine lines. Face creams also function as a protective barrier for your skin. You can wear face cream during the day or at night.

According to the report analysis, ‘Global Face Cream Market, 2021-2027’ states that Beiersdorf AG, Coty Inc., Jiangsu Longliqi Biotechnology Co., Ltd., Johnson & Johnson, Kao Corporation, L'Oreal S.A., Reckitt Benckiser Group Plc, Shiseido Co., Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co and many more are the key entities which presently operating in the global face cream market more actively for registering the great value of market share, generating the high percentage of revenue, leading the highest market growth, keep maintaining the governing position, ruling around the globe and obtaining the governing position by spreading the awareness connected to the benefits and advantages of face cream, increasing the applications and features of face cream, establishing the several research and development programs, improving the qualitative and quantitative measures of such, analysing the strategies and policies of government and similar entities, implementing the policies and strategies of enlargement and profit making, decreasing the associated prices and delivering the better consumer satisfaction.

By application, the global face cream market is segmented into children, man and woman. In addition, the increasing requirement for the natural and organic face creams is predicted to propel the 'Global Face Cream Market' growth throughout the review duration. With the increasing awareness of the perils linked with the protracted usage of face creams made from synthetic materials, the requirement for the natural and organic face creams has augmented. Face cream producers are aiming on developing products utilizing the natural ingredients such as aloe vera, clay, hyaluronic acid, antioxidants, coconut, avocado, jojoba, argan oil, carrot seed extracts, sunflower, and olive oil.

Furthermore, the customized products have been obtaining the traction amongst the customers in the U.S. With the effective growth in customer inclination toward the natural beauty product, the concept of serums, creams and moisturizers infused with the natural ingredients is predicted to observe the proficient requirement over the review duration. Such products are measured to be more proficient and have few or no side effects, which, in turn, is projected to augment their application amongst customers.

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The effective growth in investments in the research & development of products, coupled with the increasing trend of the natural ingredient-based skin care products, have promoted producers to launch new products.

The online distribution channel has proficiently transformed the shopping habits of individuals as it proposes the advantages likewise easy payment approaches, doorstep delivery, heavy discounts, and the prevalence of a broad variety of products on the single podium. Foremost players in the market are progressively launching e-commerce websites in the large lucrative markets due to the increasing internet penetration and growing propensity of mobile shopping amongst the customers. Therefore, in the near years, it is predicted that the market of face cream will increase around the globe more proficiently.

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Global Face Cream Market Sales, 2021-2027

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

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The furniture in a classroom delivers the fundamental, underlying the structure in the room. Preschool tables and chairs for sitting at throughout large group likewise lunch, and functioning at during small group times, are the most essential pieces of early childhood furniture in the classroom. The furniture should “fit” the children. When the children are sitting at the table and functioning or playing they require to be able to feel the floor below them so that they can feel stable and anchored while they are generating. It is essential to have chairs that are adjustable to enable for children of dissimilar heights and weights to feel relaxed while functioning.

According to the report analysis, ‘Global Preschool Furniture Market, 2021-2027’ states that Bassett Furniture Industries, Inc., GAM Gonzagarredi Montessori Srl, Jonti-Craft, Inc., and Williams-Sonoma Inc. are the key entities which recently operating in the global preschool furniture market more proficiently for leading the highest market growth, obtaining the competitive edge, registering the great value of market share, generating the high percentage of revenue, keep maintaining the governing position and ruling around the world by spreading the awareness connected to the benefits and applications of preschool furniture, increasing the benefits and features of preschool furniture, establishing the several research and development programs, implementing the policies and strategies of enlargement and profit making, improving the qualitative and quantitative measures of such, analysing the strategies and policies of government as well as similar entities and delivering the better consumer satisfaction.

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Increasing real estate prices are predicted to impact the sizes of houses and children’s rooms, which is predicted to generate the growth choices for companies proposing the compact, assimilable and easy-to-move furniture for kids’ rooms. The outbreak of the COVID-19 pandemic led to worldwide lockdowns and school closures that concluded in an increment in requirement for kids furniture, comprising chairs, tables, cabinets, dressers, and chests. Due to the ongoing pandemic, children are now demanded to attend online classes, demanding a separate study space in order to accommodate themselves securely for long school hours. Furthermore, children outgrow tables and chairs within 3 to 10 years, concluding in a high rate of furniture replacement in households, which, in turn, propels the market.

The ‘Global Preschool Furniture Market’ is observing transformation with the introduction of intelligent furniture, which is more inclusive by the structure. They are growing abilities to improve the high-quality furniture that meets the consumer requirements for long-lasting products.

Region wise, the underdeveloped region around Asia Pacific and South America, likewise China, India and Brazil are predicted to present growth in requirement for preschool furniture during the coming future, due to the growing urbanization and construction of apartments, houses and countless others. The proficient growth for multi-functional furniture, due to deduction in house sizes, and increasing preference for compact and easy-to-move furniture are promoting producers to augment the introduction of multi-operational preschool furniture. This is predicted to lead to the entire growth of the preschool furniture market during the near future.

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Global Preschool Furniture Market Revenue 20201-2027

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UAE E-Commerce Logistics Market 2021- Industry Growth, Demand, Business Opportunities, Size, share, Trends, Analysis and Forecast till 2027: Ken Research

How is the UAE E-Commerce Logistics Market Positioned?

The retail industry in the Middle East and North Africa (MENA) is on the verge of a pivotal shift. E-commerce is becoming a reality, reinventing consumers’ path to purchase, forming new customer experiences, disrupting business models, and creating growth opportunities for large and small retailers as well as for a new generation of e-commerce pure players. Mass Internet adoption in MENA took off around the mid-2000s, mostly driven by smartphones and social media and underpinned by faster internet speeds.

Currently, the UAE is considered the most advanced e-commerce market in MENA, with a penetration rate of 4.2% in 2017. The UAE enjoys many advantages that make it ideal for e-commerce growth. Its consumer demographic consists of a young internet-savvy population, with high social media usage. These people are more likely than some of their cohort globally to spend time online. E-commerce companies, whether they are online marketplaces, domestic retailers, or cross-border merchants, are tapping into the high latent demand, disposable incomes, and digital penetration that is favorable for the sector. The UAE’s e-commerce landscape is defined by its demographic profile and high income levels, with a high percentage of digital native young adults between the ages of 20 and 39. With all infrastructures, tools and options within ready reach, the UAE consumer, at most times, is only a click away from an online purchase. Brick-and-mortar players in UAE have been following different go-to-market strategies. Alshaya, Apparel Group, Chalhoub Group and Landmark Group established distribution partnerships with third-party e-commerce pure players in addition to launching their own brands online.

UAE E-commerce Logistics Market has been observed in its growth stages of development, thus growing year on year majorly due to rising E-retailing coupled with increase in the number of online orders. The average last mile delivery charges in the UAE were evaluated at AED ~ per order in 2015 which further declined to AED ~ in the year 2020.

By Channel

The market has highly dominated by the 3PL players with a massive share of ~% in terms of annual shipments delivered during the year 2020. Marketplaces like Amazon and Noon which have their in house logistics arm are also dependent on 3PL partners to deliver their orders.

By Domestic and International Shipments

Domestic shipments (fulfillment model & marketplace model) dominate the e-commerce delivery in UAE. Domestic players through effective collaborations with global companies are enhancing their reach to the remote areas of UAE.

By Mode

UAE being a small country, most of the shipments are delivered via road. Air express is used majorly for products coming from abroad. Moreover, ground express plays a significant role in first mile & last mile deliveries.

By Delivery Period

1-3 day delivery has dominated the market in terms of number of orders owing to increasing focus of the companies on providing better services coupled with increasing customer needs for better service.

By Type of Products

Fashion & Accessories and Consumer Electronics have dominated the online retail sector in UAE in 2020. Foods and Personal care is the third leading e-commerce category in UAE.

By Payment Mode

Emiratis still prefer COD over Prepaid Shipments owing to Lack of Trust but the trend is rapidly changing owing to increasing adoption of contactless payment options. During Covid, there has been an increasing interest shown towards digital payments but only on the trusted websites. Most of the SMEs still offer COD as the only payment mode in UAE.

By Return Rate

~% of the online orders got replaced / returned in 2020. Fashion is the category with maximum returns due to inappropriate sizes received by the customers followed by Electronics, as customers return these products due to defective pieces received.

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Key Topics Covered in the Report

• UAE E-Commerce Market Overview
• Cross Comparison- Major E-Commerce Players in UAE
• UAE E-Commerce Logistics Market Overview
• Cost Component for UAE E-commerce Logistics Industry
• UAE E-Commerce Seasonal Demand
• UAE E-Commerce Logistics Market Size
• UAE E-Commerce Logistics Market Segmentation 2020
• UAE E-Commerce Warehousing Landscape
• UAE E-Commerce Warehousing Clusters
• UAE E-Commerce Shipments Pricing Analysis
• UAE E-Commerce Return Logistics Overview
• UAE E-Commerce Logistics Market Growth Drivers
• UAE E-Commerce Logistics Market Trends & Developments
• UAE E-Commerce Logistics Market Government Role and Initiatives
• UAE E-Commerce Logistics Market Logistics Constraints
• UAE E-Commerce Logistics Market SWOT Analysis
• Competitive Landscape of UAE E-Commerce Logistics Market
• UAE E-Commerce Logistics Market Cross Comparison
• Future Market Size and Segmentations, 2020-2025F
• Covid-19 Impact on UAE E-Commerce Logistics Market
• Analyst Recommendations

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

Cost Component in UAE E-Commerce Logistics Market

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Malaysia Automotive Lubricant Market 2021 Industry Outlook, Share, Size, Opportunities and Forecast to 2027

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Expenditure on automotive lubricant and vehicle servicing is a part of necessary household expenditure for a vehicle owner. Lubricants control friction and wear in the engine, protect the engine from rusting, cool the pistons, and protect the engine oil stored in the sump from combustion gases.

The 'Automotive Lubricant Industry In Malaysia' is at its Growth Stage, increasing with a CAGR (2014-2020) of ~12% by revenue in MYR and ~3% by sales volume in Litres. The growth in the industry is driven by presence of more than ~32 million vehicles on road and rising per capita income in the country.

Formation of ASEAN free trade policy in 2015, led to the emergence of MNCs in Malaysia. The stability of ASEAN’s economy, availability of skilled labour, coupled with its pro-business climate and improving infrastructure led to increase in FDI by automotive OEM. In 2020, more than ~500K vehicles including passenger cars, commercial vehicles and 2W were produced in Malaysia. Proton, Peroduo, Nissan and BMW are the major OEMs in the country. The industry is import driven due to lack of availability of raw materials in Malaysia and only a limited player has their blending plants in the country.

How Is the Market Segmented?

By Grade: Semi Synthetic is the most commonly used lubricant grade primarily due to its high performance and lower costing as compared to the synthetic lubricants. Mineral oils have the lowest drain intervals amongst all the grades of the lubricants.

By Type: In a year, a passenger car, motorcycle and trucks require 8-12L, 3-4L and 18-36L of engine oil. Other lubricants required include Gear and transmission oil, Hydraulic oil, grease and others. Passenger car engine oil accounted for maximum market share due to presence of higher number of passenger cars on road as of 2020.

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By End Users: In Malaysia Passenger Vehicles are the biggest end users followed by commercial vehicles. The average lubricant consumption of commercial vehicles is much higher than that of a passenger car and motorcycle because of difference in size and distance travelled.

By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. Majority of sales are undertaken through indirect distributor network. Through distributor network the lubricants are majorly sold through service stations, garages and OEM workshops as vehicle owners primarily depend on their mechanics for selecting and changing lubricants. Online sales contribute a very small share but with increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future.

By Viscosity Grade: The viscosity grade of a motor oil provides information on the oil’s resistance to flow in your vehicle’s engine. A lubricant with a low viscosity grade will be more fluid, more liquid, and will flow more easily. Inversely, the higher the grade, the thicker the oil, making its flow slower, which allows the formation of a protective film on engine parts.

Competitive Landscape

The competition in the industry is concentrated with presence of 15-30 lubricant manufacturers. The industry is dominated by multinational oil producers such as Shell, Castrol & Chevron and the national government owned Petronas. Manufacturers are competing on the basis of product portfolio, prices, distribution network, brand value and presence in different motorsports. Manufacturers are continuously trying to evolve their product offering in order to cater to the evolving demand. Manufacturers are venturing into production of E-fluids (lubricants for EVs) to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall.

Malaysia Automotive Lubricants Future Outlook and Projections

The industry faced a downfall in 2020 due to economic slowdown created by coronavirus pandemic. In the next 2-3 years the sales volume for automotive lubricants in Malaysia are expected to grow back to pre-covid numbers.

The demand of synthetic lubricants along with other expensive high-performance E-lubricants is expected to drastically increase which will enable growth in the future. New product launches have assumed more importance than ever for growth of the passenger vehicles in Malaysia. New vehicle models offering smart connectivity features such as remote vehicle access through smartphone apps will get higher customer interest and will induce the growth for the automotive lubricants in the near future.

Key Segments Covered in the Report

• Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
• Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
• Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
• By End User Industry
• Passenger Vehicle
• Commercial Vehicle
• Motorcycles
• Marine
• By Grade
• Synthetic
• Semi-Synthetic
• Mineral
• By Type
• Passenger Car Engine Oil
• Heavy Duty Engine Oil
• Motorcycle Oil
• Gear oil and Transmission Oil
• Hydraulic Oil
• Grease and others
• By Sales Channel
• OEMs
• Fuel Stations
• OEM Workshops and Spare Part Shops
• Service Stations and Garages
• Online
• Hypermarket/Supermarket
• By Viscosity Grade
• 0W-20
• 5W-40
• 10W-40
• 15W-40
• 15W-50
• Others

Key Target Audience

• Lubricant Manufacturing Companies
• Oil Producers
• Lubricant Distributors
• Government Associations

Time Period Captured in the Report:-

• Historical Period: 2014–2019
• Forecast Period: 2020-2025

Key Topics Covered in the Report:-

• Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
• Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
• Target Addressable Audience – Passenger And Commercial Vehicles, Regional Analysis, Used Car Sales
• Supply Ecosystem and Competition Parameters
• Value chain analysis in the Automotive Lubricants Market in Malaysia
• Demand Scenario
• Trends and Developments in Automotive Industry in Malaysia
• Growth Drivers for Automotive Industry in Malaysia
• Marketing Strategies
• Challenges Faced by Lubricant Producers
• Porter Five Force Analysis
• Emerging Business Strategies
• Best Practises in Business
• Pricing Analysis
• Customer Buying Decision Parameters
• Cross Comparison Between Major Players in The Industry
• Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
• Future Projections and Market Size for Malaysia Automotive Lubricants Industry

Time Period in the Report

• Historical Period: 2014-2020
• Forecast Period: 2021F-2025F

Companies Covered:

• Shell
• Petronas
• Total
• Chevron
• Castrol
• Hyrax
• Mobil
• Others

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

Malaysia Automotive Lubricant Market Research Report

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Growth In Scenario Of Latin America Digital Transformation Market Outlook: Ken Research

Digital transformation is the cultural, functional and organizational transformation of an organization, industry or ecosystem through the smart incorporation of digital technologies, procedures and competencies around all the levels and operation in the stages and strategic manner. In addition, the digital transformation leverages the technologies to generate the value and fresh services for the countless stakeholders, obtain and innovate the abilities to speedily adapt to transforming circumstances.

While digital transformation is principally utilized in a business context, it also effects other organizations likewise public sector agencies, governments and organizations which are entailed in tackling the societal challenges likewise pollution and aging populace by leveraging one or more of such prevailing and emerging technologies.

Not only has this, the digital transformation is the profound transformation of business and organizational activities, procedures and models to fully leverage the transformations and choices of a mix of digital technologies and their increasing impression around the society in a strategic and prioritized manner, with the recent and future moves in mind.

According to the report analysis, ‘Latin America Digital Transformation Market: Current Analysis and Forecast (2021-2027)’ states that organizations currently increasingly realize they can no longer object on just selling products; they want to sell an experience. A snowballing number of products today both attain and generate data, and several are interconnected through the Web. Because of this improved intelligence, their convention can be monitored, additional services can be proactively offered, or conservation can be distributed when a problem is detected. Digitalization is the cause of large-scale and sweeping transformations crossways multiple parts of business, providing unparalleled opportunities for value construction and capture, while also denoting a major source of risk. The swift advances in digital technology are redefining the society.

Although, during 2020, a growing theme in global manufacturing was the perception of the factory of the future or a fully connected factory. The growth of AI-integrated robotics and several other data-driven developments will push robotics espousal, providing a broader practice case for purchase. But originally, the COVID-19 pandemic delayed the progress and production of robots, which negatively affected the market during early 2020. COVID-19 also halted automotive introduction and disrupted the supply chain. However, the market recuperated some traction when robotics was being utilized in plants to fill the gap amongst the socially distanced workers.

In addition, the optimization of advanced technologies, such as cloud computing, AI, big data and analytics, mobility/social media, cybersecurity, IoT, amongst others, led to innovation and transformation, thereby exciting growth in the business ecosystem of Latin America. Digital technologies have converted the legacy approach to business into an up-to-date approach. Furthermore, the region is becoming a new hotspot in the digital transformation market due to growing investments in the process of digitalization crossways potential economies. However, the growing usage of mobile devices, smartphones, and applications around the business processes and departments is also sponsoring digitization and is anticipated to drive the market over the calculation period.

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Latin America Digital Transformation Market

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Significant Growth In Surgeries Across the Globe Will Propel the Growth Of Medical Cameras: Ken Research

Medical cameras enable the surgeons and several other medical practitioners to seizure high-quality images throughout the microscopy and several other surgical processes such as ophthalmology, endoscopy, arthroscopy, robotic surgery, amongst others. They support in the diagnosis and treatment of disease by tightfitting the accurate condition of an internal organ.

According to the report analysis, ‘Medical Cameras Market: Current Analysis and Forecast (2021-2027)’ states that the effective growth in worldwide requirement for medical cameras is owing to the growing technological advancements in surgical processes and expansion in venture capital investments.  In addition to this, the largest augment in the MedTech venture capital investment was seen during the years 2016 and 2017. The increasing prevalence of chronic diseases coupled with the growing geriatric populace is another factor underwriting to the growth of the global Medical Cameras systems market.

While, However, some of the restraints in the market comprise the stringent government regulations and the great cost of medical cameras. Besides, shortage of skilled medical professionals and product discontinuation are some other aspects hampering the growth of this market all over the globe.

Based on camera type, the market is categorized into endoscopy cameras, ophthalmology cameras, dermatology cameras, dental cameras, surgical microscopy cameras, and several other cameras. The endoscopy cameras segment created significant revenue in millions in 2020. The segment is projected to grow at a positive CAGR during the review period to achieve higher market valuation by 2027 due to the increasing demand for endoscopic procedures and the growing investments in endoscopy amenities.

Market growth is greatly driven by the growing number of surgical procedures, increasing demand for endoscopic procedures, technological improvements, and growing investments in endoscopy and laparoscopy facilities. However, the great cost of medical cameras is a foremost restraint for market growth. Product discontinuations, a lack of trained medical professionals, and the prevalent of refurbished products are also foremost challenges restricting market growth to a certain extent.

Region wise, the Asia Pacific region presents proficient growth choices for the medical cameras market. Due to its massive patient populace, the speedy expansion of the healthcare industry, and the shifting aim of manufacturers towards underdeveloped countries in this region. China and India, the two most populous regions globally, have a huge patient populace mainly owing to the rapidly growing senior population and the subsequent augment in the pervasiveness of ophthalmological & dermatological diseases. Treatment for these diseases requires the usage of endoscopes, retinal cameras, and intraoral cameras.

Based on End-Users, the market is sectored into hospitals, ambulatory surgery centers, specialty clinics, and several others. Amongst end-users, the hospitals segment obtained the foremost market share in 2020 and is projected to continue its dominance throughout the projected timeframe owing to the increasing number of hospitals and augment in the number of surgical processes. In addition, the effective growth in the geriatric populace and an augment in the occurrence of vulnerable syndromes, a proficient augment in age-connected issues also underwrite to the market’s growth. Furthermore, there is growing number of surgeries around the world, influencing the market’s entire growth.

For More Information, refer to below link:-

Global Medical Cameras Market

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