Friday, March 11, 2022

Business Market Research Reports and Market Research Company In India Disclose Weaknesses And Strengths And Discover New Business Opportunities: Ken Research

No matter how the small or big your business is, no matter the product you are announcing has never been announced before or there are already a lot of contenders for you in the line, no matter you are beginning with a spa service or a teaching one, your business demands the marketing research before anything else. The marketing research a widespread procedure, indirect and direct consumers and users authorize to get associated together with the assistance of information that is utilized to learn numerous marketing opportunities and threats. With the assistance of the precise kind of marketing search teams, a company can learn about its SWOT – Strengths, Weakness, Opportunities and Threats.

At Ken Research, the market research is available as a service to assistance any company, individual, service provider and organization make enhanced, more informed decisions. The more research is engrained in the strategic schedules of a firm, the enhanced equipped it is to deal with the changing surrounding within which is purposes.

Ken Research delivers the personalized Business Market Research Reports to help the businesses determine insights that matter. Our experts understand your necessities and design customer market research surveys, our experienced field researchers gather high quality data exploiting mobile technology, and we utilize cutting edge data analysis and conception tools to bring out scenarios which permit you to take the informative decisions.

Moreover, it is indispensable for all consumer-driven companies to have perceptibility into what, when, where, why & how much their customers purchase, how they search for information, their purchase considerations, leading brands in their consideration set and buying channels they choose. Market Research Company in India supports in segmentation, targeting & positioning basis the above data collection parameters to recognise meaningfully different groups of consumers.

Through our Business Market Research Reports, you may find all the information you necessitate to decide whether to take action on an accurate subject. Such as, you may find that the comprehensive location where you indispensable to open a shop already has a saturated market in your line of business, which should make you encouragement from making that decision and look for a more precise spot.

The Ken Research is a worldwide market intelligence corporate proposing the strategic scenario to cultivate look beyond the market disruptions, study the competitive activity and growth the intelligent business strategies. Announcing the product in the home region and just shipping the excess to a new geography is the expedient method to enter new international markets. This market entry strategy can be flawless for the brand-new corporates who do not have enough funds to take the perils. It is also appropriate for the firms to hire the agents or distributors who will take care of transferring and escalating the new product in the new market.

We gather applicable data from the Company to solve marketing challenges that a business will most possible face—it is now an important portion of the business planning technique. The strategies, such as market segmentation and product difference, are unbearable to augment without the aid of market research. These companies streamline the procedure of assessing the viability of a new product or service through methods such as surveys, opinion polls, questionnaires, and many more.

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Global Tire Reinforcement Materials Market Growth, Share and Size : Ken Research

The Global Tire Reinforcement Materials Market was valued at 1239.32 Million USD in 2020 and will grow with a CAGR of 3.17% from 2020 to 2027, based on HNY Research newly published report.

The prime objective of this report” Global and Regional Tire Reinforcement Materials 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).

Tire reinforcement materials includes steel tire cord fabric, steel bead wire, polyester tire cord fabric, nylon tire cord fabric, rayon tire cord fabric, aramid tire cord fabric, PEN tire cord fabric, and hybrid reinforcement materials.Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity. Several reinforcement materials used in tires include steel cord fabric, steel bead wire, polyester cord fabric, rayon cord fabric, aramid cord fabric, nylon cord fabric, and other materials. These materials confer structural, mechanical, and physical properties to tires. The latest development in the market is the growing demand for eco-friendly tires, which has compelled vendors to shift towards the usage of natural and recycled materials like ground rubber, orange oil, and low-aromatic oils to manufacture tires.

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By Market Verdors:

Bekaert

Kolon Industries

Toray Industries

Milliken & Company

CORDENKA

Tokusen Kogyo

By Types:

Steel

Polyester

Rayon

Nylon

By Applications:

Tire Cord Fabric

Tire Bead Wire

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.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

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Global Tire Reinforcement Materials Market Research Report

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Europe Industrial Battery Industry Analysis 2021 to 2020: Ken Research

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According to the report analysis, ‘Europe Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Country: Trend Forecast and Growth Opportunity’ states that Europe industrial Battery market is anticipated to develop during the review duration owing to the effective augment in scope for industrial equipment, stringent environmental regulations, decreased labor costs associated with the battery recycling, and developments in battery technology.

The foremost factors propelling industrial batteries are the surging requirement from energy storage and stationary applications, reinforced by innovations in battery technology. Industrial batteries for grid storage represent an exclusive asset in the midst of the growing demand for electricity and the augmenting penetration of renewable energy resources.

Overall, the requirement for lead acid batteries is projected to remain stable throughout the forecast period despite the speedy proliferation of lithium ion and primary lithium batteries, specifically in the healthcare, aerospace and defense, and energy storage segments.



Growing electrification in most of the industrial, commercial, and household functions is propelling the growth of the market. The speedy expansion of the telecommunication segment is boosting the requirement for high storage capacity backup batteries. Industrial batteries are the primary source of power for a few applications such as automated machinery, robots, and light vehicles which influences the growth of the market. Acceptance of government regulation towards carbon emission is predicted to rise the requirement for lithium-ion batteries and hence augments the requirement for the industrial batteries market.

Due to the growing dependency on electrical gadgets, the requirement for uninterrupted electrical energy is accelerated. Additionally, the emerging economies are extremely preferring electrification and growing urbanization is majorly propelling the requirement for the global market.  Uncertainty in raw material prices and obtainability of raw materials like lead, lithium, cobalt is strengthened the market growth.

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To control pollution, most countries in Europe are accepting stringent norms for avoiding toxic chemicals and make nature eco-friendly by switching to electric vehicles. Hence by augmenting the demand for electric vehicles leads to a growth in requirement for the industrial batteries market. The improved technologies in industrial batteries by end-users and producers are generating an opportunity to augment the growth of the Europe market.

Furthermore, consumer inclination towards green and clean energy and government assistance for strict regulations for environment conservation are foremost growth aspects of the global Industrial Battery Market. In addition, the recyclability of the batteries may also propel the global market in the coming years. 

Rising requirement for backup power in the industrial sector coupled with requirement for batteries in grid-level energy storage applications is propelling the market growth. In addition, extensive utilization of these batteries in several applications, such as UPS and motive power, is projected to propel the market enlargement. Therefore, it is predicted that during the review period the market of industrial battery will develop over the review duration.

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Europe Industrial Battery Market Research Report

Related Reports: -

Global Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Region: Trend Forecast and Growth Opportunity

North America Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Country: Trend Forecast and Growth Opportunity

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Global 5-Bromo-2-Nitrobenzotrifluoride Cas 344-38-7 Market Is Predicted To Develop Owing To Effective Growth In Awareness: Ken Research

According to the report analysis, ‘Global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027states that in the global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 Market there are several companies which presently operating 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 increasing the features and benefits of 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7, establishing the several research and development programs, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, decreasing the associated prices, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7, and analysing the strategies and policies of government as well as contenders.

The Global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 Market conveys a holistic estimation of the market for the forecast period. The report encompasses several segments as well as an analysis of the trends and aspects that are playing a momentous role in the market. These features; the market dynamics incorporate the drivers, limitations, opportunities, and challenges through which the impression of such influences in the market is outlined. The drivers and restriction are intrinsic characteristics whereas opportunities and challenges are extrinsic factors of the market. The Global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 Market study conveys an outlook on the innovations of the market in terms of revenue during the prognosis duration.

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In the report, the market outlook section chiefly incorporates fundamental dynamics of the market which incorporate drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic aspects whereas opportunities and challenges are extrinsic aspects of the market.

Our market analysis also encompasses a section solely dedicated for such foremost players wherein our analysts deliver a scenario to the financial statements of all the main players, along with its product benchmarking and SWOT analysis. The competitive scenario section also comprises primary development strategies, market share and market ranking analysis of the above-cited players around the globe.



In addition, the research study incorporates of an in depth company profile of all the foremost players which have been cited above on the several key performance indicators namely company overview, USP, Price and Gross Margin, Prime business strategy, future expansion plans, Production Capacity, Revenue, Sales Volume, Sales Value, Primary Strengths, Key Weaknesses, key product offerings, financial performance, Principal performance indicators, risk analysis, present developments, regional occurrence, and several more qualitative and quantitative information.

In the near future, it is analysed that the global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 market will enhance to a substantial value in USD Million in terms of Revenue by the end of the year 2027, the market is forecast to augment at a single digit CAGR during the outlook duration from 2021 to 2027, this is majorly owing to the augmenting demand from the major end users such as medical and food industry. Also, the companies are operating to advance their product by utilizing innovative technologies to deliver the high end technologically permissible product in the market.

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Global 5-Bromo-2-nitrobenzotrifluoride CAS 344-38-7 Market Research Report

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Thursday, March 10, 2022

Global Beer Processing Market is predicted to Propel Owing to Existence of Various Prominent Players: Ken Research

According to the report analysis, ‘Global Beer Processing Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Krones Group, Molson Coors Brewing Company (MCBC), Molson Coors Brewing Company (MCBC), Asahi Group Holdings, Heineken, GEA Group, Carlsberg Group, Paul Mueller, Tsingtao Brewery Group, Anheuser Busch Inbev Nv (BUD), Ningbo Lehui International Engineering Equipment Co., Ltd., Alfa Laval and many more are the key companies which presently operating in the global beer processing market more proficiently for ruling around the globe, keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, and generating the highest percentage of revenue by improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of beer processing, analysing the strategies and policies of government as well as similar companies, establishing the several research and development programs, implementing the policies of profit making and strategies of expansion, and delivering the better customer satisfaction.

The global Beer Processing market report is a comprehensive research that aims on the complete consumption structure, development trends, sales models and sales of top countries in the global Beer Processing market. The report effectively aim on well-known providers in the global Beer Processing industry, market segments, competition, and the macro environment.

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The increasing trend of low- or no-alcohol, and organic beer coupled with the expanding number of microbreweries, as well as brewpubs, has increasingly driven the beer processing market. Numerous brewers, such as Heineken, Greene King, AB InBev, and Budweiser, are adding low-alcohol varieties of their flagship beers to their portfolios. Further, product innovations and developments in the brewery equipment market have led to the augmenting need for updated and sustainable brewery equipment amongst the beer processors.

North America is predicted to be the fastest-growing region throughout the forecast duration in the brewery equipment market. The high growth rate in North America and the augmenting the investments by leading beer manufacturers for enlargements is further anticipated to drive the market growth. Also, the region is observing the significant requirement for craft beer.

The ale type brew is evaluated to register the global beer processing market as its acknowledgment rate by shoppers is high over dissimilar kinds of brew. In addition, foremost part of the organizations managing in the brew market inclination toward assembling ale as it proposes the exceptional yields on venture. Notwithstanding, the malt section is foreseen to witness the high development during the predicted time frame.

Buyers are significantly picking to explore dissimilar avenues concerning privately delivered premium and universal brew assortments. Most brewers recently perceive that the superior blends industry would remain the most existing portion. Aside from this, the super-premium brews likewise observe a fast development in the business and are predict to display the most noteworthy development rate throughout the projected time frame. This is another aspect that is propelling the growth of global beer processing market. Therefore, it is predicted that during the review duration the market of beer processing will increase around the globe more progressively over the near years.

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Global Beer Processing Market

Related Reports:-

Global Beer Processing Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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Global Industrial Power Supply Market Is Predicted to Propel Owing to Growth In Lighting Sector: Ken Research

The global industrial power supply market is experiencing an astounding performance from the past decades. With the increase in industries, the supply-demand is also increasing at a rapid pace. The report provides an analysis of the key trends, in each sub-segment of the global dc power supplies market. It evaluates the market shares, revenues, and restraints. The report helps to understand the competitive strategies of the major key players of the sector. It gives a volumetric and regional analysis of various countries such as the United States of America, Germany, Spain, Asia Pacific regions, and Australia. The report covers the types, applications, and product types. The report imparts information about major challenges faced by the industry during the Covid 19 pandemic. The report gives a comprehensive and finer knowledge of the market.

According to the research report, Industrial Power Supply Market: Current Analysis and Forecast (2021-2027), say that power is among the most critical component of infrastructure, crucial for the economic growth and welfare of nations. Industrial power supplies can also refer to a myriad of other markets like CCTV, battery chargers, lighting, medical equipment, EPOS, marine, servers, and PCs among others. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. An increase in energy consumption leads to various environmental issues, such as emissions of greenhouse gases, air pollution, and global warming, which, in turn, drives the use of energy-efficient devices in industrial processes. The use of energy-efficient devices minimizes the exploitation of natural resources and helps address related problems such as voltage fluctuations. The rising need to reduce energy consumption has prompted manufacturers to develop innovative energy-efficient devices.

In 2021, the Global Power supply market was valued at USD billion and is projected to reach a significant USD billion in the worldwide market by the end of 2027. It is expected to grow by a single-digit CAGR by 2027. The key players are constantly refining themselves for the enhancement of the industry. Some of the prominent players in the sector are ABB Ltd., Amara Raja Power Systems Limited (ARPSL), COSEL Co., Ltd., CUI Inc., Delta Electronics, Inc., Magna-Power Electronics, Inc., MEAN WELL Enterprises Co., Ltd., Siemens AG, TDK-Lambda Corporation, and.XP Power Ltd. The industrial power supply market is segmented by vertical into transportation, military & aerospace, lighting, test & measurement, semiconductor, battery charging & test, robotics, industrial 3D printing, and laser. Transportation accounts for the highest market share in 2021 and is expected to give similar shares during the forecast period.

The Asia Pacific is dominating the industrial power supply sector with the highest market size during the forecast period. Countries like China, Japan, and India are also contributing to the market size. According to data, India records crores of LED bulbs and LED tube lights with lakhs of energy-efficient fans have been distributed. Other countries like the United Kingdom, Australia, Spain, Europe, Italy, Canada, and North America grabbed the market shares owing to the growth of the industry.

The Covid 19 crisis has created an unrivaled impact on power supplies industries globally. 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 leads to making uncertainty in the market with the immense slowing in supply chains. Although, all the manufacturing industries are recovering to their original pace at a substantial speed. For instance, India's power consumption increased by a double-digit percentile in 2021 to a billion units and recovered to pre-pandemic levels, owing to the lifting of lockdown restrictions and delayed monsoon.

The increasing growth can be attributed to the increasing demand for renewable sources high voltage direct current, and energy efficient power devices. This has increased rapidly around the globe. The long-life and reliability benefits offered by these bulbs testify to their rising adoption. With a massive amount of customers, the companies are constantly working on enhancing their product capabilities and features with the integration of advanced technologies and wireless connectivity.

For More Information, refer to below link:-

Global Industrial Power Supply Market

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North America Industrial Battery Market Investment Opportunity Analysis: Ken Research

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According to the report analysis, ‘North America Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Country: Trend Forecast and Growth Opportunity’ states that North America Industrial battery market is predicted to develop in the review period owing to effective growth in scope for the industrial equipment, stringent environmental regulations, decreased labour expenditures linked with the battery recycling and developments in the battery technology.

 Due to COVID-19 pandemic, the requirement in several segments plummeted owing to decreased industrial operations and deducted spending power of the consumers owing to the lockdowns, which led to decreased requirement for batteries. Decreasing the lithium-ion battery prices, augmenting demand from data centres and the telecom sector, and growing renewable energy integration across the world are some of the foremost factors propelling the market requirement during the forecast period. However, aspects such as uncertainty in raw material prices such as cobalt, lead, and lithium, are probable to curtail the market growth rate during the review period.



The effective growth in focus on technologically advanced batteries by end-users and manufacturers is probable to generate a massive opportunity for the battery companies to contribute and redirect their resources in making a breakthrough battery technology.

Based on battery type, the North America Industrial Battery Market is classified into lithium-based batteries, Lead Acid batteries, Nickel-Based Batteries and other battery types. Lead-acid batteries was the greatest segment of the industrial batteries market during the recent past years. Lithium-based batteries is projected to be the fastest-growing sector of the market during the review period, since these batteries are speedily being adopted across dissimilar applications, due to their augmented life, recyclability, and low emission. These batteries are suitable for usage in applications where volume, weight, temperature sensitivity, and low maintenance are crucial than the preliminary cost of the battery.

The foremost factors propelling industrial batteries are the surging requirement from energy storage and stationary applications, reinforced by innovations in battery technology. Industrial batteries for grid storage represent an exclusive asset in the midst of the growing demand for electricity and augmenting the penetration of renewable energy resources.

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Aspects, such as proficient growth in renewable power generation capacity, energy storage targets released by electric utilities during the present years, coupled with the deduction in battery costs, are propelling the large-scale energy storage capacity additions in the North America.

Factors such as augmenting energy storage deployments, growing demand from the material handling industry, and forthcoming data centres are projected to boost the industrial battery market in the North America during the review period. Not only has this, North America are projected to be the foremost markets for industrial batteries, due to the effective growth in industrial activities and requirement for high-capacity power backup in these regions. Therefore, it is predicted that during the near years the market of industrial battery will augment more progressively over the review period.

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North America Industrial Battery Market Share

Related Report: -

Global Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Region: Trend Forecast and Growth Opportunity

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Global Flux Cored Welding Wire For Exhaust Pipe market Size, Share and Growth : Ken Research

The global Flux Cored Welding Wire For Exhaust Pipe market was valued at 113.32 Million USD in 2020 and will grow with a CAGR of 3.58% from 2020 to 2027, based on HNY Research newly published report.

The prime objective of this report” Global and Regional Flux Cored Welding Wire For Exhaust Pipe 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).

Flux-cored arc welding (FCAW or FCA) is a semi-automatic or automatic arc welding processThe global key Flux Cored Welding Wire manufacturers include ITW-Welding, Kobelco, Bobao Group, Lincoln Electric, Hyundai, Tianjin Golden Bridge, Voestalpine, Jinglei Welding etc. The market of Flux Cored Welding Wire is concentrated, with the top 4 players takes 74% of sales revenue share in 2019. Sales in Asia was 52% of global total sales volume in 2019, which is mainly located in China, Korea and Japan. Sales in North America and Europe are nearly 22% and 22% in 2019 separately. Metal Inert Gas takes more market share than Metal Active Gas.

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By Market Verdors:

ESAB

Lincoln Electric

Voestalpine

Kobelco

Bobao Group

Hyunda

ITW-Welding

Tianjin Golden Bridge

Jinglei Welding

By Types:

Metal Inert Gas (MIG)

Metal Active Gas (MAG)

By Applications:

Passenger Cars

Commercial Vehicle

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.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

For More Information, refer to below link:-

Global  Flux Cored Welding Wire For Exhaust Pipe Market Research Report

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Philippines Used Car Market - Demand Forecast, Share, Industry Analysis, Size 2026 : Ken Research

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Increased Used Car Awareness: The awareness and marketing in used car market of Philippines has played an important role in changing customer’s mentality from buying a new car to a used car. Social media platforms such as Facebook has now emerged as a viable platform to deal in used cars and make people aware about the certified used cars, merits of buying a pre-owned unit and others. The recent development in increase usage of social media websites have really helped the unorganized/ C2C market of used cars in Philippines as it is free medium to market an individual unit among friends and family.

Focus on Value-Added Services: Large number of dealerships and online platforms are offering value-added services such as online car evaluation, certification, vehicle inspection, financing, insurance and ownership transfer amongst others so as to enhance their margins and provide a hassle-free experience to the buyers.

Emergence of Classifieds and Online Auto Portals: Currently many companies are using omni-channel strategy to reach out to the customer. This type of channel is useful as digital presence is an important parameter to improve the customer penetration while the physical presence helps in building of trust of the customers. Currently, the small multi brand used car retailers have started to operate their own Facebook pages in order to increase their reach to the correct audience.

The customer uses both digital and physical channel simultaneously in order to find the best product according to their needs. The online auto portals and classified pages let the used car dealer/ individual seller to list their vehicle on their web page for a certain period of time after the payment of listing fees. The vehicles are listed on these portals in order to increase the probability of the vehicle getting sold.

Impact on Used Car Sales due to Covid-19: The strict lockdown measures in the initial few months (March – May) led to the steep decline in the market. Multiple trends in the used cars industry were observed since the onset of Covid-19.  Moreover, ~ 2 million Filipinos lost their jobs due to the pandemic. These car buyers were unable to pay the back the entire auto loan amount and the banks had to forfeit their cars. This led to an increased supply of bank repossessed cars in the market. The demand for used cars was on the upswing once the lockdown was lifted. The increase in the sales in the following months was sufficient to compensate for the losses incurred during the ECQ months. The used car market declined by only 4% in 2020 as against the new car market which fell by a whopping 40%.

Adoption of Latest Technologies to enhance Digital Experience: Leveraging technologies such as Artificial Intelligence & Virtual Reality is expected to enhance the digital experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via uploaded images, analysing consumer behavioral insights to show relevant ads according to interests & more.

Analysts at Ken Research in their latest publication - Philippines Used Car Market Outlook To 2026 (Third Edition): Driven by the Pandemic Incited New Opportunities for Used Car Dealers and Increased Penetration in the Online Space for Used Car Transactionsobserved that used car market in Philippines is expected to grow in the future, with the increased awareness on health and hygiene followed by the onset of COVID-19.  The demand for used cars in the market is expected to increase as the real inflation in the country is increasing year on year and the citizens are left with little cash at disposal. The increasing credit appetite of banks fueled by competition from foreign financing companies would provide a boost to the industry. The competition is expected to increase within dealerships as customers would either approach a DDSA or multi brand dealer over another individual used car seller.   The Philippines Used Car Market is expected to grow at a CAGR of 7.6% on the basis of GTV (Gross Transaction Value) over the forecast period 2021P-2026F.

Key Segments Covered

  • By Market Structure
  • Organized
  • Unorganized
  • By Sales Channel (Organized Segment)
  • Multi-brand Dealers
  • Direct Dealership Sales Agents
  • Bank Repossessed Cars
  • By Source of Lead generation (Organized Segment)
  • Online
  • Dealership walk-ins
  • By Average Ticket Size
  • Less than PHP 100,000
  • PHP 100,000-300,000
  • PHP 300,000-500,000
  • PHP 500,000-700,000
  • PHP 700,000-1,000,000
  • More than PHP 1,000,000
  • By Region
  • Metro Manila
  • Northern Luzon
  • Southern Luzon (except Metro Manila)
  • Visayas
  • Mindanao
  • By Type of Vehicle
  • Sedan
  • SUV
  • Hatchback
  • Pickup Vans
  • MPV
  • Others (convertibles, coupe, crossover, sports vehicles, etc.)
  • By Fuel
  • Gasoline
  • Diesel
  • Others (Hybrid and Electric)
  • By Type of Vehicle Manufacturer
  • Japanese
  • Korean
  • American
  • Chinese
  • German
  • British
  • Others
  • By Brand
  • Toyota
  • Mitsubishi
  • Hyundai
  • Ford
  • Nissan
  • Honda
  • Isuzu
  • Suzuki
  • Others (Kia, Mazda, Mercedes, Audi, etc.)
  • By Average Replacement Period
  • Less than 2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • More than 8 years

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  • By Mileage
  • Less than 10,000 Kms
  • 10,000-20,000 Kms
  • 20,000-50,000 Kms
  • 50,000-75,000 Kms
  • 75,000-100,000 Kms
  • Above 100,000 Kms

Companies Covered

  • OEM Dealerships
  • Toyota Certified
  • Nissan Intelligent Choice
  • BMW Premium Selection
  • Mercedes Benz Certified Pre-owned
  • Banks (Repossessed Car Auctions)
  • EastWest Bank
  • Security Bank
  • BDO Unibank
  • Online Portals – Online Auto Classified Platforms
  • Carmudi
  • Carousell
  • AutoDeal
  • Automart
  • Zigwheels
  • Philkotse
  • Multi-Brand Dealers
  • Carmax
  • Carmix (by Lausgroup)
  • Automobilico
  • All Cars
  • Five Aces
  • Berylle Car Sales

Time Period Captured in the Report:-

  • Historical Period – 2016-2021P
  • Forecast Period – 2021P-2026F

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Philippines Used Car Market Overview
  • Philippines Used Car Market Size, 2016-2021P
  • Philippines Used Car Market Segmentation, 2021P
  • Growth Drivers in Philippines Used Car Market
  • Issues and Challenges in Philippines Used Car Market
  • Government Regulations
  • Ecosystem and Value Chain of Used Car Industry in Philippines
  • Customers Purchase Decision Making Parameters
  • Cross Comparison between Major OEMs and Multi-brand Dealers and Company Profiles & Product Portfolios
  • Snapshot on Online Used car market
  • Philippines Ancillary Services Market
  • Future Market Size and Segmentations, 2021P-2026F
  • Covid-19 Impact on the Industry & the way forward
  • Analysts’ Recommendations

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

Philippines Used Car Market Outlook to 2026 (Third Edition)

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