UAE Fitness Equipment Market - Growth Rate, Industry Analysis & Size

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The publication titled “UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipment” provides a comprehensive analysis of the fitness equipment industry. The report covers various aspects including fitness equipment industry market size on the basis of on the basis of market revenue and growth rate, market overview, value chain analysis, ecosystem, operating model, gym joining decision making parameters, SWOT analysis, major trends and developments, government initiatives promoting health awareness, and impact of COVID-19. Insights on competitive landscape of fitness equipment industry, competition nature, major competition parameters and company profile of major players along-with cross comparison between major players operating in the ecosystem is also covered in the report.

The report also covers trade scenario of fitness equipment (by imports and exports of fitness equipment from major countries), along-with end user analysis of demand side. Further report also focuses on the UAE Fitness Equipment Market Segmentation by Type of End User (Such as Commercial Fitness Centers and Health Clubs, Private Fitness Centers and Health Clubs, Office and Hotels, Universities) By Value (In USD Mn), By location of manufacturing (Import and Domestic Manufacturing) By Value (In USD Mn), By Type of Customer (B2B and B2C) By Value (In USD Mn). UAE Fitness Equipment Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.

UAE Fitness Equipment Market Overview and Size

UAE fitness equipment market witnessed strong growth between 2016 and 2021 with considerable expansion in commercial fitness centers in which boutique and women centric fitness center dominated the market along-with growth in home-based fitness equipment industry. The factors such as rapid urbanization with influx of foreign population, rising disposable income of the consumers, rising health concerns such obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience collaborated with home-based fitness equipment post pandemic along-with various government initiatives and corporate wellness program are the major factors driving the growth of fitness equipment market. In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment as people preferred to follow fitness regimes at their home to ensure safety.

Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the shift in consumer’s preference towards availing digitally connected solutions for their fitness routine.

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UAE Fitness Equipment Market Segmentation

By Type of End User (Such as Commercial Fitness Centers and Health Clubs, Private Fitness Centers and Health Clubs, Office and Hotels, Universities): Commercial fitness centres accounted for the highest market share among all other types of end users on the basis of revenue generated in the year 2021. Boutiques and medium sized fitness centres dominates the sector. Private fitness centres and health clubs accounted the second highest share.

By location of manufacturing (Foreign and Domestic Manufacturing): Foreign fitness equipment accounted for the highest market share as compared to the locally manufactured (domestic) fitness equipment on the basis of revenue generated in 2021.

Domestically manufactured fitness equipment have low penetration in foreign markets due to lack of advancement required in fitness equipment by urban population.

By Type of Customer (B2B and B2C):  Sales of fitness equipment through B2B channel accounted for the highest share on the basis of revenue in 2021, attributed to the surging establishments of commercial and hotel-based fitness centres demanding advanced fitness equipment.

Competitive Landscape in UAE Fitness Equipment Market

‘UAE Fitness Equipment Market’ is highly fragmented. The market has been swelled with unorganized fitness centers which majorly do not offer diversified services and broadly focuses on hardcore gym exercises due to less availability of space and low membership subscription charged. It has few major organized fitness service centers with their own brand chains which have approximately fewer outlets along with many other fitness centers which are under category of unorganized fitness service centers. Major competition is being driven through specialty in services and providing additional diversified value-added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others which increase the member participation in fitness centers. Companies are focusing on launching differentiated products with innovative advancements in fitness equipment to solidify their position and capture a large market share

A notable shift in consumer preference post COVID-19 has contributed in the emergence of online ecosystem. The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Therefore, one of the important areas of competition would be the online visibility of players in coming years.

UAE Fitness Equipment Market Future Outlook and Projections

The market size on the basis of revenue generated is expected to grow at a five-year CAGR of ~3.2% by 2026. It is anticipated that fitness equipment industry will grow at a substantial rate owing to factors such as surging urbanization, rising prevalence of population with obesity and chronic diseases due to unhealthy lifestyle, establishment of organized fitness centers with diversified services along with increasing government initiatives and corporate wellness programs.

The market is poised to gain significant traction with the rise in the number of health clubs and fitness centers incorporating advanced equipment catering to the changing health patterns and consumer demands.

On the other hand, high set up or installation cost of devices or equipment and rising demand for resale of used fitness equipment for saving cost are estimated to obstruct the market’s growth within the above-mentioned forecast period.

Key Segments Covered in UAE Fitness Equipment Industry

UAE Fitness Equipment Market

• By Type of End User
• Commercial Fitness Centers and Health Clubs
• Private Fitness Centers and Health Clubs
• Office and Hotels
• Universities

• By Location of Manufacturing
• Foreign
• Domestic

• By Type of Customer
• B2B
• B2C

Key Target Audience

• Manufacturers
• Distributors
• Retailers
• Importers
• Private Fitness Centers
• Commercial Fitness Centers
• Healthcare Facilities
• Hotels and Resorts

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2021-2026F

UAE Fitness Equipment Market Players

• Major OEM’s
• Precor
• Technogym
• Vogue Fitness
• Life Fitness
• Matrix
• Concept 2

• Major Distributors
• AKI Fitness
• MEFITPRO
• Falaknaz Sports
• RS Fitness LLC
• Gym Care
• Irma Fitness

• Major Importers
• Sport Links LLC,
• Leader Sport

• Major Retailers
• Active Fitness Store
• Pro Sports
• Sports Planet
• Garner Fitness Supplies
• Sam Sports
• Fitness Power House

• Major Healthcare Facilities
• Burjeel Hospital,
• Health point
• International Knee and Joint Centre
• Zulekha Hospital
• Health Square
• Cambridge Rehabilitation Centre.

• Major Commercial Fitness Centres
• UFC Gym
• Gym Nation
• Gold's Gym
• Fitness First
• Fitness 360
• METROFITT

• Major Hotels & Resorts
• Jumeirah Hotels
• Hilton
• Hyatt
• Emaar Group
• Marriott
• Radisson Hotels and Resorts
• Major Universities
• United Arab Emirates University
• American University of Sharjah
• University of Sharjah Abu Dhabi
• University Zayed University
• Khalifa University
• New York University Abu Dhabi

• Major Associations
• REPS (Register of Exercise Professionals) UAE
• IFPA (International Fitness Professionals Association) UAE.

Key Topics Covered in the Report

• Socio-economic Landscape of UAE
• Overview of UAE Fitness Equipment Market
• Ecosystem of UAE Fitness Equipment Industry
• Operating Model of Fitness Equipment Distributors in UAE
• Market Size of UAE Fitness Equipment Industry (Market Revenue and Growth rate)
• Market Size of UAE Fitness Equipment Industry on the basis of Offline Fitness Equipment Industry assessment
• UAE Fitness Equipment Industry segmentation (By Type of End User, By Location of manufacturing, By Type of Customer)
• Cross Comparison of Major Distributors (Revenue Generated, No of Employees, Overall Sales Volume (Units), Countries Served, Revenue Split)
• Company Profile of Major Distributors (Company Profile, Revenue Streams, Type of Customers, Services Offered, Major Clientele, Key Partnerships, Strengths)
• SWOT Analysis
• Industry trends and developments
• Direct and Indirect Economic Impact of Fitness Industry in UAE
• Trade Scenario By Value in Million USD
• Government Initiatives
• Impact of COVID-19
• End User Analysis: Key Demand Clusters for Fitness Equipment
• Identifying the Customer Cohorts in Health and Fitness Market
• Customer Mindset for Fitness in the UAE
• Customer Decision making factors for Fitness Centers
• Target Addressable Market and Service Addressable Market in UAE Health and Fitness Industry
• Analyst Recommendation
• Industry speaks

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UAE Fitness Equipment Market Trends & Developments 2026

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Covid-19 Impact Europe Blood Culture Tests Market: Ken Research

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As a result of our analysis, the Europe blood culture tests market 2021-2031 was valued at USD 1,284.3 million in 2021 and will grow by 8.4% annually over 2021-2031 owing to the increasing prevalence of bloodstream infections, an increase in the number of sepsis cases and high costs of treatment, a growing geriatric population, and an increase in demand for rapid diagnostic techniques amid the COVID-19 pandemic.

Europe Blood Culture Tests Market 2021-2031 by Product (Consumables, Instruments, Software and Services), Method (Conventional, Automated), Technology (Culture-Based, Molecular, Proteomics, Others), Application (Bacteremia, Fungemia, Mycobacterial Detection), End User (Hospital Laboratories, Reference Laboratories, Academic Research Laboratories), and Country is a 110-page report. Trend Forecast and Growth Opportunity is based on comprehensive research of the entire Europe blood culture tests market and all its sub-segments through extensively detailed classifications. With input from industry professionals across the value chain, detailed analysis and assessment are generated using premium primary and secondary information sources. Based on studies on 2018-2021, the report provides forecasts from 2022 through 2031 with 2021 as a base year.

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces

Based on COVID-19, we forecast the trend and outlook of the European market as optimistic, balanced, and conservative. The balanced (most likely) projection is used to quantify Europe's blood culture tests market from the standpoint of Product, Method, Technology, Application, End User, and Country.

According to Product, the Europe market is segmented into the following sub-markets with revenue (USD Mn) projections for 2021-2031.

Consumables

• Blood Culture Media
• Assay Kits & Reagents
• Blood Culture Accessories

Instruments

• Automated Blood Culture Systems
• Supporting Laboratory Equipment

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Software and Services

This report segments the European market based on Method , with annual revenues (USD Mn) covered in each section for 2021-2031.Conventional/Manual Methods

• Automated Methods

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

• Selected Key Players:
• Autobio Diagnostics Co., Ltd.
• Becton, Dickinson and Company (BD)
• Binder Gmbh
• Biobase Biotech (Jinan) Co., Ltd.
• BioMerieux SA
• Bruker Corporation

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Global Clinical Laboratory Tests Market, Revenue, Forecast (2020-2024), Sales, Shares, Growth and Analysis: Ken Research

According to the report analysis, ‘Global Clinical Laboratory Tests Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Quest Diagnostics, Merck KgaA, Laboratory Corporation of America Holdings, Genoptix, Labco, Charles River Laboratories, OPKO Health, Abbott and many more are the key companies which presently operating in the global clinical laboratory tests market more actively for keep maintaining the governing position, leading the highest market growth, registering the great value of market share, generating the highest percentage of revenue, and obtaining the competitive edge by improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of clinical laboratory tests, implementing the policies of profit making and strategies of expansion, increasing the features and benefits of clinical laboratory tests, establishing the several research and development programs, delivering the better customer satisfaction and analysing the strategies and policies of government as well as contenders.

In addition, the requirement for laboratory testing is augmenting due to the growing incidences of chronic diseases, thereby augmenting the requirement for the accurate diagnosis of dissimilar diseases. In highly populated and underdeveloped countries such as India and China, where a significant chunk of the population does not have admittance to proper medical diagnostic facilities, there is an enormous opportunity for independent laboratories.

The foremost factor propelling the growth of the North American clinical laboratory tests market is the presence of foremost players and government organizations in the country, which allows awareness among the general population and enable them to admittance the services conveniently. For instance, the American Clinical Laboratory Association is a not-for-profit organization that offers members the advantages of representation, education, information, and research. Also, the growing geriatric population, augmenting the patient awareness about the value of laboratory tests, and growing prevalence of infectious and chronic disease patients are also some of the foremost factors propelling the market growth.

Although, the report offers comprehensive coverage of Clinical Laboratory Tests industry and main market trends. The market research comprises historical and forecast market data, demand, application details, price trends, and company shares of the important Clinical Laboratory Tests by geography. The report separations the market size, by volume and value, on the basis of application type and geography. In addition, the high implementation of technological innovations in the country backed up by proper quality measures is playing an essential role in delivering quality, proficient, and effective service to the augmenting healthcare industry.

The market for clinical laboratory tests is extremely competitive, and several global, as well as local companies, are present in the market. A foremost share of the market is grabbed by the international players, and local companies are also aiming on conveying innovative services to the individual, which is enabling these companies to establish their considerable place in this market. With a growing need for technology, it is projected that few new entrants will be seen in the market in the future, and these players will obtain a considerable share.

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Global Clinical Laboratory Tests Market

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Global Coagulation Factor Concentrate Market Is Predicted to Develop Owing to Effective Growth In Awareness: Ken Research

According to the report analysis, ‘Global Coagulation Factor Concentrate Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Medscape, CSL Behring, Octapharma and many more are the key companies which recently functioning in the global coagulation factor concentrate market more proficiently for ruling around the globe, registering the great value of market share, obtaining the competitive edge, leading the highest market growth, generating the highest percentage of revenue and keep maintaining the governing position by spreading the awareness connected to the applications and advantages of coagulation factor concentrate, increasing the features and benefits of coagulation factor concentration, 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, analysing the strategies and policies of government as well as contenders and delivering the better customer satisfaction.

The Coagulation Factor Concentrates report delivers the historical as well as present growth aspects of the global market. Studies innovative strategies for business augmenting and defines important aspects such as top players, manufacture value, foremost regions, growth rate, suppliers, strength, weakness, opportunities and threat to the organization and many others.

The global coagulation factors concentrate market has observed major growth over the past few years. The growth of this market is majorly due to growing number of hemophilia patients, augmenting the diagnosis rates, and growing number of research and development on coagulation factors. In addition, growing prophylactic treatment for hemophilia around the globe is further expected to propel the growth of this market. However, great cost of hemophilia treatment and low cost plasma coagulation factor alternatives to coagulation aspects are limiting the growth of this market. Many players are aiming on Asia Pacific region to enlarge their businesses as this market is most lucrative for the coagulation factors concentrate.

On the basis of type, the global coagulation factors concentrate market is classified into coagulation factor IX, Coagulation Factor XIII and many others. On the basis of applications, the global coagulation factors concentrate market is categorized into hospitals and clinics, research laboratories and academic institutions.

Although, the Coagulation Factor Concentrates market competitive insights delivers details and data information by players. The report proposes comprehensive analysis and finest statistics on revenue by the player for the period. It also proposes detailed analysis assisted by reliable statistics on revenue (global and regional level) by players for the duration. Details comprised are company description, foremost business, company total revenue and the sales, revenue produced in Coagulation Factor Concentrates business, the date to enter into the Coagulation Factor Concentrates market, Coagulation Factor Concentrates product introduction, present developments, etc.

Region wise, the North America registered the market growth during the review period. The growing number of hemophilia patients in the U.S., augmenting diagnosis rates, and increasing prophylactic treatment for prevention of bleeding assisted the growth of this market. In addition, growing research on coagulation factor XIII is further projected to propel the growth of this market.

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Global Coagulation Factor Concentrate Market

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Covid-19 Impact Global Blood Purification Equipment Market: Ken Research

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According to our research analysis, Global blood purification equipment market 2021-2031 is expected to reach USD 21.08 billion by 2031, growing by 5.5% annually over 2021-2031, owing to the increasing prevalence of blood-related diseases, growing geriatric population, technological innovation, rising healthcare expenditure, rising adoption of home-based healthcare, and the rising health consciousness amid COVID-19 pandemic.

There are 81 tables and 76 figures in this 154-page report Global Blood Purification Equipment Market 2021-2031 by Product (Hemodialysis, Blood Filtration, CRRT, Hemoperfusion, Plasma Exchange Device), Portability (Portable, Stationary), Indication (Renal Diseases, Sepsis, Others), End User (Hospitals and Clinics, Dialysis Centers, Others), and Region.: Trend Forecast and Growth Opportunity is based on comprehensive research of the entire global blood purification equipment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies covering 2018-2021 and provides forecasts for the years 2022-2031 with 2021 as the base year.

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces

COVID-19 provides an optimistic, balanced, and conservative outlook for the global market. The balanced projection (most likely) is used to quantify the global blood purification equipment market from the perspectives of Product, Portability, Indication, End User, and Region.

According to Product, the global market is segmented into the following submarkets with annual revenue (USD Mn) included for each section for 2021-2031.

• Hemodialysis Device
• Blood Filtration Device
• CRRT Device
• Hemoperfusion Device
• Plasma Exchange Device
• Other Products

As a result of Portability, the global market is segmented into the following sub-markets, with annual revenues (USD Mn) for 2021-2031 included in each section.

• Portable Equipment
• Stationary Equipment

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Detailed analysis and data for annual revenue (USD Mn) is available for each of the aforementioned regions and countries for the period 2021-2031. We have also provided the breakdown of all regional markets by country and the breakdown of key national markets by Portability, Indication, and End User over the forecast years.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

• Selected Key Players:
• Aethlon Medical, Inc.
• Asahi Kasei Corporation
• Braun Melsungen AG
• Baxter International Inc.
• Cerus Corporation
• CytoSorbents Corporation

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Global Blood Purification Equipment Market Future Outlook

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Global Cocaine Rapid Test Kit Market, Major Players, Sales, Growth, Analysis, Forecast (2020-2024), Competition and Shares: Ken Research

According to the report analysis, ‘Global Cocaine Rapid Test Kit Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that AccuBioTech, Alfa Scientific Designs, ALL.DIAG, Bio Group Medical System, Easy at Home Medical LLC and many more are the foremost companies which presently operating in the global cocaine rapid test kit market more progressively for keep maintaining the governing position, ruling around the globe, registering the great value of market share, obtaining the competitive edge, registering the great value of market share and leading the highest market growth by increasing the features and benefits of cocaine rapid test kit, improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of cocaine rapid test kit, analysing the strategies and policies of contenders and government, implementing the policies of profit making and strategies of enlargement, establishing the several research and development programs and delivering the better customer satisfaction.

In Cocaine Rapid Test Kit market research report has combined the analysis of different aspects that augment the market’s growth. It establishes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also conveys the scope of dissimilar segments and applications that can possibly influence the market during the future. The comprehensive information is based on present trends and historic milestones. This Cocaine Rapid Test Kit market industry report also conveys an analysis of the capacity of production about the global market and about each type from 2015 to 2024. This section mentions the capacity of production by region from 2015 to 2024. Pricing analysis is comprised in the report according to each type from the year 2015 to 2024, manufacturer from 2015 to 2019, region from 2015 to 2019, and global price from 2015 to 2024.

The report offers comprehensive coverage of Cocaine Rapid Test Kit industry and foremost market trends. The market research entails historical and forecast market data, demand, application details, price trends, and company shares of the leading Cocaine Rapid Test Kit by geography. The report separates the market size, by volume and value, on the basis of application type and geography.

Furthermore, a thorough evaluation of the restrains comprised in the report portrays the contrast to drivers and provides room for strategic planning. Aspects that overshadow the market growth are pivotal as they can be understood to devise dissimilar bends for getting hold of the lucrative opportunities that are present in the ever-increasing market.

In the near future, it is analysed that the global cocaine rapid test kit market will improve to a substantial worth in USD Million in terms of Revenue by the end of the year 2024, the market is estimate to develop at a single digit CAGR throughout the viewpoint period from 2020 to 2024, this is majorly owing to the enlarging demand from the foremost end users such as hospital and police station. Also, the companies are operating to advance their product by utilizing innovative technologies to convey the high end technologically acceptable product in the market.

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Global Cocaine Rapid Test Kit Market

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Global Audio & Video Connectors Market 2021 Size, Share, Analysis, Demand, CAGR Status, Future Strategies, Development Status and Industry Segments by 2027: Ken Research

The Global Audio And Video Connector Market have attained significant growth in the market from the past few decades. The report focuses on the market shares, revenues, and restraints of the market. It reveals various branding strategies of the top grooming companies of the world. It examines the market size with data and specifics of the market. The report signifies an in-depth view of the regional and volumetric analysis of the different regions of the world including countries such as North America, Italy, India, France, Germany, South Africa, South Korea, Japan, Australia, and many other regions of the world. It provides information on the current and future growth opportunities of the industry. Hence, the report gives a pre-requisite knowledge about the vital position of the industry in the market.

According to the research report, Global Audio & Video Connectors Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027, say that the audio and video connectors are optical connectors for carrying audio or video signals. These are used where a connection needs to be established between devices providing a huge amount of flexibility to the user. It comprises a plug and socket. Connector involves the physical parameters and interpretation of signals. There are various types of connectors available in the market are PCB Connectors, I/O Connectors, circular connectors, fiber optic connectors, and RF coaxial connectors. connectors such as bnc connector, xlr connector, and wire connectors like standard & high temp screw-on electrical wire connectors, and screw-on wire connectors. The bnc connector is used for signal connections such as radio antennas, nuclear instrumentation, analog, and serial digital interface video signals.

IN 2021, the Global Audio And Video Connectors Market was valued at USD million and is projected to a significant USD million by the end of 2027. It is expected to increase by a single-digit CAGR in the worldwide markets during the forecast period. Amphenol, AudioQuest, TE Connectivity, Switchcraft, Wurth Elektronik, Multicom, Phoenix Contact, Extron, and Rocketfish are some of the leading companies of the world. Display Port is an interface technology that is designed to connect high-graphics capable PCs and displays as well as home theater equipment and displays. It is similar to HDMI in that the signal carries both digital audio and video.

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Asia-Pacific regions account for the highest share in the market is dominating the sector and are expected to continue their dominance during the forecast period. Countries such as North America (the US, Mexico, and Canada); Europe (Germany, UK, France, Russia, and Spain); Asia-Pacific (China, Japan, South Korea, and India); the Middle East and Africa (UAE, South Africa, and Saudi Arabia); South America (Columbia, Brazil, and Argentina) and Australia are actively participating in the growth of the Global Audio and Video Connector Market.

The Covid 19 pandemic has impacted slightly negatively on the Audio and Video Connector Market. Due to many aspects, like flight cancellations, travel bans, and quarantines, restaurants closed all indoor or outdoor events restricted. The outbreak has disrupted operations in every possible industry, presenting new challenges to communicating important updates and alerts with remote workers. This has led to immense slow supply chains.

However, the growth of the market has increased extensively and is regaining its growth rate to its original pace. Numerous countries are actively participating to increase their market share. Besides providing information regarding key players in the Audio and Video Connector Market, the report recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Global Audio and Video Connector Sector and the vital role it plays in the market.

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Singapore Auto Finance Market Competition Share basis credit: Ken Research

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Key Findings

• Increasing Number of Auto Finance service providers are focussing on improving their Value-Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others.
• The rise in private car service financing is driving the Singapore automotive financing market. The objective of car service financing is to create a financing program that offers flexible leases, weekly rentals, and discounts to purchase new cars to potential drivers.

Improving Digital Infrastructure: Major Auto Finance Players of Singapore are increasingly focussing on improving IT and investing in technology in order to retain their customers in the highly competitive market of the country. Singapore's Auto customers are already responding to the advent of big data, open data and digital technologies.  Banks in the country are seeing machine learning as the real fit when it comes to optimizing financing and loan processes, such as credit, risk management, and compliance reporting for a better infrastructure.

Emerging Green Car Loans: Singapore has put in a suite of measures to encourage drivers to switch to electric vehicles, which are more environmentally friendly, and is aiming to phase out all internal combustion engine vehicles by 2040. This means all vehicles should either be hybrid or run-on electricity in 20 years. Owing to the above reason, the country is expected to witness an increase in Green Car Loans in the future with several Auto Finance players introducing a portfolio of these.

Introduction of New Business Models:  Owing to its limited area, Singapore has strict car buying rules and regulations as Government is trying to curb the car population by driving prices upwards in the country. Owing to the above reason, new business models such as Shared Ownership and more may emerge in future in Singapore to increase Car Sales.

Analysts at Ken Research in their latest publication “Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Polices by the Government”, the Singapore Auto Finance Market has been evolving in the country due to factors such as rising private car service demand due to changing consumer patterns owing to reasons such as Government policy restrictions on car ownership; improving transportation infrastructure and technology such as EVs leading to higher Green Car loans; rising investment in technologies such as IoT, Big Data, Open Data, AI, and more to simplify the loan application process; growing presence of finance aggregators in the region to improve sales and financing process. The market is expected to register a positive CAGR of ~11% in terms of credit disbursed during the forecast period 2020-2025.

Key Segments Covered

• By Type of Cars Financed- (Units)

• New Vehicles
• Used Vehicles

• By Type of Institution (Loan Outstanding) (SGD Billion)
• Banks & Subsidiaries
• Finance Companies
• Others

Companies Covered  (Banks)

• DBS Bank
• UOB
• MayBank
• OCBC
• Standard Chartered Bank

(Finance Companies)

• Hong Leong Finance
• Singapura Finance
• Sing Investment & Finance
• Singapore Auto Finance Property Holdings
• Credit Master
• Carro
• SG Cash N Cars
• Speed Credit
• SF Holdings
• Accord Motoring
• Vincar
• Goldbell Financial Services
• Capitall
• Money Max Leasing

Key Target Audience

• Existing Auto Finance Companies
• Banks
• OEM Dealerships
• Captive Finance Companies
• Credit Unions
• Private Finance Companies
• New Market Entrants
• Government Organizations
• Investors
• Auto mobile Associations
• Auto mobile OEMs

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Time Period Captured in the Report: -

• Historical Period: 2015-2020
• Forecast Period: 2020-2025

Key Topics Covered in the Report

• Comprehensive analysis of Singapore Auto Finance Market and its segments.
• Listed major players and their positioning in the market.
• Identified major industry developments in the last few years and assessed the future growth of the industry.

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Singapore Auto Finance Market Major Players

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Global Smart Food Labels Market Future Outlook: Ken Research

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Global Smart food labels streamline consumers to get supplementary information on a packaged food product either by scanning the bar code or by doing an online search. The modify in the colour of smart food labels succeed whenever the chemicals extant in these labels perceive any form of microorganisms augmenting inside the food packet. Nutrition facts label also comprise five core nutrients namely; calories, total fat, sodium, total carbs, and protein. When it comes to producing or importing food in the US, the food producers’ work doesn’t end with their settled food products ready for distribution. The food product first requirements to be branded. U.S. Food and Drug Administration is a federal agency that oversees the labelling of food, and their complex labelling protocols often deliver the headaches to food producers.

According to the report analysis, ‘Global Smart Food Labels Market: Segmented By Technology (Sensing Labels, RFID, Dynamic display and Others): By Applications (Electronic & IT asset, Perishable Goods, Security Access, Smart Wrist Bands, and Others): By End User (FMCG, Logistics, Retail, and Others) and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030’ states that the growing retail sector and increased security concerns linked to anti-theft are the foremost drivers of Smart Food Labels Market. Through the speedy growth of retail and manufacturing segment, the requirement for smart labels has gone up in stock and asset tracking. Smart Food Labels facilitates customers to get additional details about the product by scanning a bar code or doing an online search. It assists the customer to get all the information they want to know about the food product. Further, smart food labels assist the consumer to purchase a food product according to their nourishment. Global Smart Food Labels Market is projected to augment at a vigorous growth over the review period i.e.,2020-2030.

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Further, growing awareness among the customers concerning food products and enlarging adoption of innovative technology by the food industry are envisioned to exaggerate the growth of the Smart Food Labels Market.

The production of goods in the high volume has been appraised to be the foremost adopters of IoT in production, packaging, labelling, material handling, and distribution. There is a move in emphasis of these suppliers towards the consumer assignation with smart packaging solutions to complete the next level of customer satisfaction. This is resulting to the utilization of smart packaging solution authentication, reordering stocks, temperature recognition, tracking, and several other aspects. This is established to propel the Smart Food Label Market during the forecast duration 2020-2030. Moreover, spiked diffusion of smart technology and growing consumer concerns regarding food products is another foremost driver to boost the market growth.

North America accounted the highest market share In the Smart Food Labels Market in terms of revenue. Moreover, it has continuous to maintain its dominance in the regional market, due to the huge implementation of technologically advanced products. The Smart Food Label Market is majorly determined by the presence of the major smart labels industries in the region. Speedy urbanization and growing demand for smart food labels have registered the Europe as the second-largest market of Smart Food Label Market. Asia-Pacific is projected to observe high growth in underdeveloped economies such as India and China in the forthcoming years.

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Global Smart Food Labels Market Research Report

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Smart Labels Market by Technology (RFID, Electronic Article Surveillance Label, Sensing Label, and Dynamic Display Label), by End-user Industry (Food & Beverage, Healthcare & Pharmaceutical, Automotive, Fast-Moving Consumer Goods (FMCG), Logistics, Retail, and Others), and by Application (Retail Inventory, Perishable Goods, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

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Global Fire Blanket Market is predicted to Propel Owing to Speedy Urbanization and Industrialization: Ken Research

According to the report analysis, ‘Global Fire Blanket Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Hollinsend Fire Safety, Kidde Safety, JACTONE, Triangle Fire, Honeywell Safety, Acme United Corporation, Safelincs, ULINE, Junkin Safety, Tyco International, Water Jel, Acmetex, KLEVERS-Italian, Oberon, Yaoxing and many more are the key companies which presently functioning in the global fire blanket market more progressively for ruling around the globe, leading the highest market growth, obtaining the competitive edge, keep maintaining the governing position, registering the great value of market share and generating the highest percentage of revenue by increasing the features and benefits of fire blanket, establishing the several research and development programs, analysing the strategies and policies of contenders and government, spreading the awareness connected to the applications and advantages of fire blanket, implementing the policies of profit making and strategies of expansion and improving the qualitative and quantitative measures of such.

As growth in urbanization and concerns connecting to safety increase, the requirement for fire blanket is projected to grow speedily. To avoid the costly damages and possible fines to human life and business, the requirement to implement and follow the security codes has made the usage of fire protection equipment a requirement worldwide.

Owing to growth in demand for its thermal properties and physical characteristics a rise in requirement in the fire protection equipment will be the propelling factors for Global Fire Blanket Market with an augment in applications in its dissimilar end-users.

Fire protection and prevention codes have been improved by state and municipal agencies, industrial experts and infrastructural designers as a lot of fire accidents take place in the industrializations of the underdeveloped economies leading to loss of life and property. To decrease this number worldwide the adaption of fire protection equipment is extremely recommended which thereby generates the opportunities for the Global Fire Blanket Market.

The Global Fire Blanket Market is classified into Asia-Pacific, Europe, North America and others. Due to the speedy urbanization and extensive industrialization the underdeveloped economies of India, China and Japan in the Asia-Pacific region are projected to boost the Global Fire Blanket Market. North America controls the largest share for the Global Fire Blanket Market throughout the review period. Europe follows North America by controlling the second greatest share in the Global Fire Blanket Market.

However, shortage of awareness among customers about fire protection equipment, like fire blankets, deducts the growth of the global fire blankets market. In addition, there is a false perception among customers that the fire blankets, when linked to other fire protection equipment like fire extinguishers are not much productive. This is projected to limit the growth for the global fire blanket market.

Speedy urbanization and industrialization have augmented the safety concerns issues connected to fire. Due to this, the requirement for fire blankets is also augmenting at a fast pace. An augment in its application, its thermal properties, and its physical characteristics propel the growth of the global fire blanket market.

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Global Fire Blanket Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

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