Global Market Research Reports : Ken Research

Wednesday, March 9, 2022

Future Growth of Global Turbocompressor Market: Ken Research

A turbo compressor is a turbine that concentrates compressible gases with the help of dynamic principles. In a turbocompressor, gas continuously enters a rotating impeller through which mechanical shaft power is distributed to the fluid with the aid of the vanes, resulting in significant pressure and temperature increases. The remaining kinetic energy is then converted to pressure primarily in the diffuser.

Based on the Turbocompressor market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.

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In Chapter 2.4 of the report, we share our perspectives for the impact of COVID-19 from the long and short term.

In chapter 3.4, we provide the influence of the crisis on the industry chain, especially for marketing channels.

In chapters 8-13, we update the timely industry economic revitalization plan of the country-wise government.

Key players in the Global Turbocompressor Market covered in Chapter 5:

Atlas Copco

GE Oil & Gas

Siemens

Elliott Group

Man Diesel & Turbo

Ingersoll-Rand

Kobe Steel

Sulzer

Howden Group

SKF

Mitsubishi Heavy Industries

Kawasaki Heavy Industries

In Chapter 6, on the basis of types, the Turbocompressor market from 2015 to 2025 is primarily split into:

Axial Turbo Compressors

Centrifugal Turbo Compressors

Others

In Chapter 7, on the basis of applications, the Turbocompressor market from 2015 to 2025 covers:

Oil & Chemical industrial

Trains & Ships & Airplanes

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the

following regions are covered in Chapter 8-13:

North America (Covered in Chapter 9)

United States

Canada

Mexico

Europe (Covered in Chapter 10)

Germany

France

Italy

Spain

Russia

Others

Asia-Pacific (Covered in Chapter 11)

China

Japan

South Korea

Australia

India

South America (Covered in Chapter 12)

Brazil

Argentina

Columbia

Middle East and Africa (Covered in Chapter 13)

UAE

Egypt

South Africa

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2025

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Global Turbocompressor Market

Related Reports:-

Global Turbocompressor Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Global Turbocompressor Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Saudi Arabia Fitness Services Market Trends under covid-19, top players updates, future strategies, development status, competitive landscape and forecast to 2027: Ken Research

There are close to 28+ organized fitness center brands functioning in the Kingdom along with unorganized fitness centers. While the complete industry has been recognized at a high growth stage, the competition in the industry is observed to be fragmented in nature, in terms of number of players. A high degree of fitness centers in the Kingdom are unorganized and independent, while the occurrence of organized fitness center brands is limited to foremost cities such as Riyadh, Jeddah, Dammam, Al Khobar, Makkah and Medinah. Players compete on the basis of Price, Membership Offers, Center Facilities, Personal Training, Ambience, Services Offered and Locations.

According to the report analysis, ‘Saudi Arabia Fitness Services Market Outlook to 2025- By Market Structure (Organized and Unorganized), By Revenue Stream (Membership, Personal Trainer and Supplementary Services), By Regions (Riyadh, Jeddah, Dammam, Al Khobar, Makkah and Madinah and others), By Subscription (3 months, 6 months, 1 year and others), By Gender (Male and Female), By Age (Below 18 years, 19 to 30 years, 31 to 60 years and above 60 years) and By Income Group (Below SAR 38,000, SAR 38,000 to SAR 94,000, SAR 94,000 to SAR 150,000 and above SAR 150,000)’ states that KSA is an emerging country in terms of industry competition, making it a fierce battlefield for new and prevailing fitness-center brands trying to operate/prosper and to make profits. Foremost existing fitness center players hold brand loyalty particularly among professionals, owing to safety concerns linked with using fitness equipment. This makes it problematic for new players to enter the market. Establishing a great fitness center that provides all services comprising spa, pool, steam bath, lockers, showers, Jacuzzi along with gym services has also prevented companies from mounting their businesses over a certain geographic limit. The three aspects that mainly underwrite to the high cost of establishing a fitness center have been the cost of receiving land, cost of hiring trained and certified fitness professionals and cost of purchasing the gym equipment. This has been disheartening new players with low capital from entering the market. A gradual customer shift towards brand acceptance and new requirement for female specific fitness centers has motivated service providers to explore and probably convert this requirement in their favor.

Female Gym Fitness Market Saudi Arabia

There has been a remarked aim on enhancing the women centers in the Kingdom, spurred by the favorable judgment from the General Authority of Sports. Several fitness players are now aiming a large part of their future strategies on capitalizing on the augmenting Female Fitness segment, by opening female gyms. As part of the Vision 2030 plans, the Saudi Government launched the National Transformation Plan, which aims on encouraging the health and wellness among people in the country and enhancing the number of physically active individuals in the Kingdom, from 13% to 40% by 2030. There has been an aim on specialized and concept fitness centers, with Crossfit, Kickboxing, HIIT and Zumba leading the exercises in requirement by fitness center members in the country. A heavy spread of awareness among the generally physically unfit Saudi population, is resulting in high requirement for fitness services, particularly by individuals from the age of 20 years to 45 years.

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A special aim must be laid on penetration of the relatively nascent women fitness segment in the industry in Saudi Arabia. Presence of customized workouts, with growth in implementation for personal training programs is projected to come into effect in a few years from now. Provision of value-added services such as free membership freezing, couple discounts, locker room facility, free showers, sauna, spa will eventually aid fitness brands to target a broader chunk of the customer segments and augment the fitness services penetration rate in the country. Development plans of many fitness centers will be put on control, for a while as the Covid situation hits the short-term and long-term business sustainability for gyms in the Kingdom. In future, the Saudi Arabia Fitness Services Industry is projected to augment at a CAGR of ~10.7% during the duration 2019-2025.

Turkey Fitness Services Market Outlook to 2025F - Driven By the Shift of Millennial Generation to Healthier Lifestyles and Rising Awareness about Health & Fitness Services in the Country

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Global Nutraceutical Ingredients Market Is Set to Drive the Food Industry: Ken Research

The Global Nutraceutical Ingredients Market has experienced astounding growth in the past few decades. The report investigates the various market shares, revenues, and restraints. It provides a detailed analysis of the competitive strategies of the prime key players of the industry. The report examines the volumetric and regional analysis of different regions such as North America, China, Australia, India, France, Japan, and Italy. It evaluates the major challenges faced by the industry during the covid 19 pandemic. The report gives a comprehensive and better knowledge of the current and future growth opportunities.

According to the research report, the Nutraceutical Ingredients Market: Current Analysis and Forecast (2021-2027), say that the nutraceutical ingredients are derived from sources such as animal, plant, microbial, and synthetic, which provide health benefits, adding the primary nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products. The nutraceuticals ingredients market can be segmented into functional food, beverages, personal care, animal nutrition, and dietary supplements. With the availability of a range of enhanced water and nutritional beverages, the functional beverages segment accounted for the largest share in the market. According to a study, the rise in the aging population, coupled with increasing incidences of chronic diseases, has led to changes in eating patterns. Consumers’ concerns regarding nutrient inadequacy tend to be general, rather than concerned with a specific health condition or nutrient in their diet.

The Global Nutraceutical Ingredients Market was valued at USD billion and is projected to reach a significant USD billion by the end of 2027. It is expected to grow by a single-digit CAGR in the worldwide markets during the forecast period. Consumer product companies are now increasingly collecting data to enable a proper analysis of purchasing behavior and lifestyle to provide consumers with options in their purchasing patterns Some of the prime leading companies in the market are Cargill Incorporated, Associated British Foods, Arla Foods, Kerry Group, Chr. Hansen, Kyowa Hakko, DSM, Ingredion Incorporated, Tate & Lyle PLC and Ajinomoto Co. Inc. The companies are constantly working with strategies to increase the growth of nutraceuticals ingredients in the market. For instance, Tesco announced its intention to use its Clubcard information to be able to track various chronic illnesses that consumers pay heed to, for the provision of solutions to promote healthier eating habits.

Countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom), Asia-Pacific (China, Japan, India, Australia, South Korea). North America dominates the market with the largest share and the highest growth rate projected in the forecast period. Consumer preferences for functional foods and beverages have been one of the crucial factors driving the growth of the market in this region.

The covid 19 pandemic has slightly positively affected the sector. The global nutraceuticals market is expected to witness consistent growth following the outbreak of COVID-19, as these include the food ingredients that provide medical or health benefits to prevent diseases as well as boost the overall immune system. Even after the immediate shutdowns, travel bans, restaurants closed all indoor or outdoor events restricted led to an immense slowing of supply chains, the industry managed to grow at a steady rate.

The rising adoption of fortified food & beverages led to an increase in consumer demand. Rising consumer interest in functional food is a result of the health benefits, performance, and perceived wellness. Owing to the ease of incorporating nutraceutical ingredients in it, the demand for functional end-products such as dairy products, bakery and confectionery, snacks, cereals, fats and oils, meat, and baby food is on the high rise. Also, the mandates on food fortification by government organizations led to major growth in the sector. The market presents a growing activity of integration in the long term by the suppliers of raw nutraceutical ingredients because of the growing demand and the infinite growth prospects of the market.

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Global Nutraceutical Ingredients Market

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Global Betavoltaic Device Market Revenue, Growth, Analysis, Shares, Sales and Forecast (2021-2027): Ken Research

The Betavoltaic device market unlocks cents of opportunities in regional and domestic marketplaces. The report imparts the latest market shares, restraints, and revenues. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. It analysis the competitive strategies of the top grooming companies, their specifics, and brand assessments. The report gives in-depth information about the volumetric and regional analysis of the countries such as the United States of America, Germany, Spain, Asia Pacific regions, and Australia. The report evaluates information about the types, applications, and products types. It also talks about the various troubles faced by the industry during the covid 19 pandemic. Furthermore, the report aims to provide potential growth opportunities for major regions that play a vital role in the market.

According to the research report, the Betavoltaic Device Market: Current Analysis and Forecast (2021-2027), say that the betavoltaic battery is a device that converts the decay energy of beta-emitting radioisotope sources into electrical energy using transducers. It is the type of nuclear battery, which has the advantages of high energy density, long service life, strong anti-interference ability, small size, lightweight, easy miniaturization, and integration, thus it has become a research hotspot in the field of micro energy. However, despite the widespread use of conventional electrochemical batteries, limited longevity and a tendency to degrade under extreme environmental conditions limit its further applications. Industries such as aerospace, electronics, marine, defense, and communications are the major end-users of betavoltaic devices. The defense sector has grown profitably globally in the sector. The primary use for betavoltaics is for remote and long-term use, such as spacecraft requiring electrical power for decades. The betavoltaics could even charge conventional batteries through tritium, krypton, and nickel in consumer devices, such as cell phones and laptop computers.

The betavoltaic Device Market was valued at USD billion in 2021 and is projected to reach a significant USD billion by the end of 2027. It is expected to grow by a single-digit CAGR till 2027 in the worldwide market. City Labs, Inc., BetaBatt, Inc., Direct Kinetic Solutions. Widetronix, Qynergy Corp. are some of the major key players in the industry. Companies are focusing on using safe radioisotopes, which emit low-energy betas, and developing standard semiconductor packaging, which would be adequate to reduce any radiation to the required levels. Countries such as North America (US, Canada), Europe (Germany, UK, France, Spain,), Asia-Pacific (China, Japan, India). North America dominates the market with the highest market share and is expected to maintain its dominance during the forecast period.

The covid 19 pandemic has impacted negatively on the betavoltaic device market. Likewise other manufacturing industries, the Betavoltaic industry has also gained losses during the pandemic. Due to the immediate shutdowns, travel bans, restaurants closed all indoor or outdoor events restricted led to an immense slowing of supply chains. Hence causing huge distress to the customers and manufacturers globally.

However, during the past decades, betavoltaic batteries have become an ideal power source for microelectromechanical systems. The rising adoption of betavoltaic devices is not only in the defense sector but also in the medical devices sector and space industry sector is another reason for the growth in the market of betavoltaic devices. An increase in the investments by the companies making these betavoltaic devices will foster the demand in the market. The macroeconomic and microeconomic factors have an impact on the growth of the market in each region. Thus, the increase in the innovation of technologies has led to drive the growth of the market.

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Global Betavoltaic Device Market

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Global Contactless Payment Market 2021-2030, Research Report, Size, Share, Demand, Growth, Trends, Competition, Major Players, and Future Outlook: Ken Research

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According to the report analysis, ‘Global Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Region: Trend Forecast and Growth Opportunity’ states that the global contactless payment market is predicted to develop owing to the advanced service proposed by the contactless payments, speedy augment in implementation of new emergent system, technological innovations in digital platforms and mobile devices, and augmenting penetration owing to the COVID-19 pandemic.

Giesecke+Devrient Mobile Security GmbH, Heartland Payment Systems Inc, IDEMIA, Ingenico Group SA, Oberthur Technologies Morpho, On Track Innovations LTD, PAX Technology, Inc., Setomatic Systems, Thales Group (Gemalto N.V.), Valitor, VeriFone, Inc., Visa Inc., Wirecard AG and many more are the foremost companies which presently operating in the global contactless payment market more progressively for keep maintaining the governing position, registering the great value of market share, generating the highest percentage of revenue, obtaining the competitive edge, and leading the highest market growth by implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of contactless payment, delivering the better customer satisfaction, decreasing the linked prices of such, employing the young and active personnel, increasing the features and benefits of contactless payment, improving the qualitative and quantitative measures of such and establishing the several research and development programs.

The foremost benefit offered by contactless payment is that consumer can promptly complete transactions with the tap of a card. This augments the speed of transactions, making contactless payment even more proficient. With the growing integration of contactless payment technologies in mobile handsets and smart phones, the requirement for contactless payment solutions has augmented tremendously across all the countries.

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Not only has this several benefits, such as advanced service delivery and deduction in transaction time proposed by contactless payments, are projected to develop market growth over the forecast period. Customers can proximately complete transactions with the tap of a card. The effective growth in integration of contactless payment technologies in smartphones and mobile handsets is projected to develop the market growth. Several customers across the globe are buying services or products with the usage of devices, such as wearables, foremost fobs, smart cards, and smartphones, amongst others. This, as a result, is projected to propel market growth over the forecast period. Contactless payment utilizes Near Field Communication (NFC) and Radio-frequency Identification (RFID) technologies to amenities easy money transactions. Several benefits, such as real-time transaction processing and protected transactions, are propelling the implementation of the contactless payment solutions.

The effective growth in demand for secure and reliable payment transactions around the globe is expected to influence the smart cards segment growth over the review period. Whereas, the existence of a large number of protuberant market players in North America is projected to generate the growth opportunities for the regional market growth over the review period. Therefore, it is predicted that during the review period the market of contactless payment will augment more progressively over the near future.

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Global Contactless Payment Market Future Outlook

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Europe Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity

Asia Pacific Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity

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Rise In Global Automotive Airbag Market Is Set to Drive the Commercial Market: Ken Research

The automotive airbag market is experiencing remarkable growth in the past decades. The report investigates the market shares, revenues, trends, and revenues. It helps to analyze the data assessments and specifics about the trending market strategies and their top grooming key players. The report reveals details about the volumetric and regional analysis of different regions such as North America, Germany, France, China, India, and South Korea. The report gives a clear image of the market’s applications, types, and product types. It even imparts information about the major challenges of the Covid 19 pandemic. This report gives a clear image of the current and future growth potential opportunities.

According to the research report, “Automotive Airbag Market: Current Analysis and Forecast (2021-2027)”, say that airbags are automotive safety features in vehicles that are engineered to inflate at a rapid speed during the event of an accident or crash. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. These inflated airbags help in protecting the in-vehicle occupants in such occurrences. During a crash, the vehicle's crash sensors provide crucial information to the airbag electronic controller unit, including collision type, angle, and severity of impact. Hence, it reduces the risk of injuries between the flailing occupant and the interior of the vehicle. There are various types of airbags based on their application in vehicles, such as frontal airbags, side airbags, curtain airbags, and seatbelt airbags. All these devices are categorized under automotive passive safety features.

In 2021, the market was valued at a substantial USD billion and is projected to reach a significant USD billion in 2027. It is expected to grow by a single-digit CAGR during the forecast period. The market is segmented into a knee, frontal side, and curtain, with the frontal side accounting for the highest market shares in the sector. A huge difference is also made by the type of material used in the airbags. Nylon is acquiring the market by influencing customers with its key qualities such as high strength-to-weight ratio, good chemical, and thermal stability, durability, fine drape, abrasion resistance, and high flexibility. The global market is dominated by some top grooming companies owing to their critical strategic decisions, Robert Bosch GmbH, Aptiv Inc., Autoliv Inc., Continental AG, Delphi Automotive, Hyundai Mobis Co. Ltd, Nihon Plastic Company Co. Ltd, Takata Corporation, Toyoda Gosei, and ZF Friedrichshafen are.

The increasing number of road accidents has led to the imposition of safety regulations on various vehicles by the government of many countries. Countries such as North America (United States, Canada), Europe (Germany, UK, France), Asia-Pacific (China, Japan, India, South Korea). With the Asia Pacific ruling the market with the highest market share and is expected to maintain its dominance during the forecast period.

The covid 19 pandemic has negatively impacted the industry. The outbreak of Covid-19 has brought effects on many aspects, like flight cancellations, travel bans and quarantines, restaurants closed all indoor or outdoor events restricted. This has led to a massive fall in the market. For instance, Autoliv, one of the largest makers of the airbag, announced “unprecedented” challenges in the market during the second wave after Europe and North American markets reached the threshold in April owing to the pandemic.

However, with the increasing focus on passenger safety and the rising awareness of the usage of airbags, the demand for the installation of these devices in low-cost and compact vehicles will increase as well. The demand for high-speed vehicles is consistently increasing in the market. This has led to the rising awareness among the general population is one of the key factors that will boost the market growth in the forecast period.

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Global Automotive Airbag Market

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Covid-19 Impact Asia Pacific Contactless Payment Market: Ken Research

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According to the report analysis, ‘Asia Pacific Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity’ states that Asia Pacific contactless payment market is predicted to develop owing to the developed services offered by the contactless payments, progressive growth in adoption of new emergent system, speedy technological betterment in the digital platforms and mobile devices and developing penetration owing to COVID-19 pandemic.

Giesecke+Devrient Mobile Security GmbH, Heartland Payment Systems Inc, IDEMIA, Ingenico Group SA, Oberthur Technologies Morpho, On Track Innovations LTD, PAX Technology, Inc., Setomatic Systems, Thales Group (Gemalto N.V.), Valitor, VeriFone, Inc., Visa Inc., Wirecard AG and many more are the foremost companies which presently functioning in the Asia Pacific Contactless Payment Market more proficiently for ruling around the globe, registering the great value of market share, leading the highest market growth, generating the highest percentage of revenue, and obtaining the competitive edge by improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, analysing the strategies and policies of government as well as contenders, establishing the several research and development programs, increasing the features and benefits of contactless payment, analysing the strategies and policies of government as well as contenders and delivering the better customer satisfaction.

The growth can be accredited to the growing adoption of digital payment platforms around the Asia Pacific. Nowadays, consumers are aiming on making seamless payments for several of their daily transactions. Moreover, augmenting the expectations for safe and integrated manners to pay for any service or product is projected to propel market growth. The augmenting convenience of the low-value payment proposed by contactless payment solutions is projected to develop the market growth. Cardholders are motivated to utilize these solutions by advertising campaigns that highlight the convenience and rapidity of contactless payment. These solutions are broadly deployed by merchant outlets that sell low‑value products such as snacks and drinks. In addition, card issuers are progressively adding contactless functionality to their payment cards.

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Not only has this, due to the robust move in customer behaviour & preference towards the payment choices, the requirement for mobile & wearable payments is enduring to growth in Asia Pacific market. Hence, this augmented utilization of mobile & wearable devices motivates the utilization of contactless payment manners.

Asia Pacific is projected to emerge as the fastest-increasing regional market over the forecast duration. The well-established IT industry in Asia Pacific supports the innovation of technology. Also, IT companies in the region are leveraging their attempts to assistances the implementation of a contactless payment platform. Moreover, the companies are cooperating with several financial institutions to develop safe, transparent, decentralized, and speedy platforms due to the growing challenges of the cyber-crimes.

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Covid-19 Impact Asia Pacific Contactless Payment Market

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Europe Contactless Payment Market Research Report: Ken Research

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According to the report analysis, ‘Europe Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity’ states that Europe Contactless payment market is predicted to develop owing to the enhanced service proposed by the contactless payments, passive growth in adoption of new emergent system, technological innovations in the digital platforms and mobile devices, and growing penetration owing to the COVID-19 pandemic.

Giesecke+Devrient Mobile Security GmbH, Heartland Payment Systems Inc, IDEMIA, Ingenico Group SA, Oberthur Technologies Morpho, On Track Innovations LTD, PAX Technology, Inc., Setomatic Systems, Thales Group (Gemalto N.V.), Valitor, VeriFone, Inc., Visa Inc., Wirecard AG and many more are the foremost entities which presently functioning in the Europe Contactless Payment Market more proficiently for keep maintaining the governing position, ruling around the globe, registering the great value of market share, generating the highest percentage of revenue, leading the highest market growth and obtaining the competitive edge by spreading the awareness connected to the applications and advantages of contactless payment, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, analysing the strategies and policies of government as well as contenders, increasing the features and benefits of contactless payment, and establishing the several research and development programs.

In addition, owing to massive change in customer behaviour & preferences towards payment options, the requirement for mobile & wearable payments is continuing to augment in the market. Therefore, this augmented usage of mobile & wearable devices promotes the utilization of contactless payments methods. Moreover, consumers are progressively linking their bank accounts to the mobile wallets & other devices, which therefore quickens the requirement for contactless payments in the market. Furthermore, growth in the awareness toward advance payment devices & surge in implementation of technologies propel the market growth.

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Contactless transaction is measured as a foremost factor that progressively contributes toward the growth of the contactless payments market. For instance, Apple Pay and Android Pay allow new technologies such as NFC and contactless payments with the QR codes and pre-staged mobile transactions, which are obtaining augmented traction in the market. In addition, innovation in technology through integration of Internet of Things (IoT) with contactless payments has led to the expansion of innovative devices to customers, which is anticipated to remain foremost trends in the market.

The existence of a large number of prominent market players in Europe is expected to generate the growth opportunities for the regional market growth over the forecast duration. The speedy growth in demand for secure and reliable payment transactions around the world is projected to influence the smart cards segment growth over the review duration. Therefore, it is predicted that during the review period the market of contactless payment will augment more proficiently over the near future.

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Europe Contactless Payment Market Research Report

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Tuesday, March 8, 2022

Saudi Arabia Pharmaceutical Logistics Market Share 2022 By COVID-19 Impact on Industry Share, Growth, Business Challenges, Demand, Key Manufacturers and Forecast Research Report 2025: Ken Research

Saudi Arabia Pharma logistics market showcased an unpredictable growth trajectory. Pharma logistics revenue stood at USD ~ Million during 2019 and further developed at a CAGR of ~% during 2014-2019. The market observed a downfall throughout 2016-2017 owing to oil price shock further leading to an economic slowdown. The pharma industry in Saudi Arabia is majorly reliant on the imports from several countries. Saudi Arabia’s Vision 2030 and the NTP’s significances for job creation and economic diversification delivered a robust incentive for both the private and public sector to improve the life sciences industry in general, and pharmaceuticals. The Saudi Arabian Government’s attempts to decrease its dependence on oil and augment inward investment through its Vision 2030 economic policy has enabled 100% FDI in the pharma sector boosting the growth of the market. Improvement in infrastructure facilities coupled with government initiatives has collectively advanced the capacity of the ports throughout 2016-2018. Large investments in road infrastructure under Saudi Vision 2030, a 680 Km Saudi-Oman highway and the UAE-Saudi Mafraq-Ghuwaifat International Highway underway. The government of Saudi Arabia is functioning on new multi-mode logistic stations and two new railway lines to link GCC countries in the east & Yanbu-Jeddah in the west.

According to the report analysis, ‘Saudi Arabia Pharmaceutical Logistics Market Outlook to 2025: Rising Demand for Pharmaceutical Drugs and Government Support to Healthcare Will Drive Market Growth’ states that competition was witnessed to be extremely fragmented in both freight forwarding and warehousing segment along with the existence of both international and domestic players. Nevertheless, the local / domestic players have a larger existence in the market and were witnessed to compete on the basis of foremost clientele, revenue matrix, logistics networking, average pricing, technological innovation and value added services.

The pharma industry is extremely dependent on roads for pharmaceutical transport due to the low barriers of entry in road freight. The Saudi government’s exertions to curb pharmaceuticals expenditures and encourage the local manufacturing have resulted in several companies to set up manufacturing units within the country. Road was witnessed as the most protruding freight mode in Saudi Arabia for Pharma logistics, followed by air and sea during the year 2019. The pharmaceuticals sector is classified by an augmenting domestic manufacturing base, majorly for generic and Over the Counter (OTC) drugs, as well as licensing arrangements with branded research-based foreign ground-breaking drug manufacturing firms. Decreased imports of pharmaceutical products into the country to assist the government’s aim of influencing the domestic pharmaceutical manufacturing

At Ken Research, the report titled “KSA Pharmaceutical Logistics Market Outlook to 2025” provides a comprehensive analysis of pharma logistics market in Saudi Arabia. The report covers the trade scenario, trends and innovations, issues and challenges, SWOT analysis, regulatory insight, end user analysis, value chain analysis, COVID-19 impression on pharma transportation industry, decision making procedure, COVID-19 impact on pharma warehousing industry, technological developments & innovations, comparative scenario including cross comparison of foremost players functioning in KSA pharma logistics market and cross comparison of foremost players operating in KSA pharma market.

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The effective growth in demand for a variety of drugs as a result of augmenting the cases of chronic and lifestyle-related diseases is also a crucial aspect that will propel the market growth. Pharma Sales is projected to develop at a single digit CAGR till 2025, signaling augmenting the pharmaceutical imports and production. The government is also distracting the funds towards creating a strong healthcare infrastructure by building new hospitals which would further lead to an augment in the requirement for the logistics services.

KSA Fitness Services Market Outlook to 2025F - Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers

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