Exoskeleton Robot Market Outlook: Ken Research

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Exoskeleton Robot also called power armor, powered armor, powered suit, cybernetic suit, cybernetic armor, exosuit, hardsuit, exoframe, or augmented mobility, is a unique form of wearable electromechanical device developed to synchronize with the intentional movements of the user.  It is equipped with a system of electric motors, pneumatics, levers, hydraulics, and a combination of several other technologies that evenly distributes the energy exerted on muscles and joints thus reducing stress and strain on the limbs. This helps in enhancing the overall physical performance of the wearer.

According to the research report, ‘Global Exoskeleton Robot Market 2022-2028’, states that Cyberdyne Inc., Ekso Bionics Holdings Inc., Hocoma AG, Honda Motor Co., Ltd., Lockheed Martin Corporation, Myomo, Inc., Parker Hannifin Corporation, ReWalk Robotics Ltd., Sarcos Technology and Robotics Corporation, Skelex B.V., and Technaid S.L. are some key players holding a dominant position in the Exoskeleton Robot market globally.  This report has consolidated different criteria through which the aforementioned companies exist and compete against each other. Some of them are – the performance of the company, sales, risk analysis, collaborative business strategy, recent development, regional presence, acquisitions, product and services offered by these companies, SWOT analysis, and many more. The report further includes company profiling of each player aforementioned and also reviews how far along the player stands in the competition.

The Global Exoskeleton Robot industry has been globally further segmented by Product (full body exoskeletons, lower extremities exoskeletons, and upper extremities exoskeletons), By Mobility (Mobile and Stationary), By Power (powered exoskeletons and passive exoskeletons), By End-user (Consumer, Healthcare, Industrial, and military and defense). The report also includes a detailed analysis of the market type by region focusing on its sales, sales volume & revenue forecast. The regions covered under this report are - Asia Pacific, Europe, North America, and the Rest of the world (Row).

In addition to that, an elaborate study of the market is made taking into consideration a variety of factors, such as demographic conditions, business cycles in a particular country, market-specific microeconomic impacts, market dynamics, market synopsis, market trends (historic and current), and many more. It also analyses the research methodology and assumptions through various functional and analytical methods. The report also has dedicated sections focused on the covid-19 outbreak in the global exoskeleton robot market. These sections include market dynamics, historical and current market trends, impact on the product industry chain based on the upstream and downstream markets, and region-based synopsis. It examines the market quantitatively and qualitatively by outlining all the important segments influencing the market. The report also discusses several growth drivers, challenges, and restraints of the market.

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In the forthcoming years, the global exoskeleton robot industry will continue to grow and is anticipated to increase at a considerable value in terms of revenue in USD million by the end of the year 2028 at a double-digit CAGR during the evaluation period (2022-2028). The growing use of exoskeleton robots in the medical industry such as helping the elderly in regaining their gait, or as a tool for rehabilitation of people suffering from spinal cord injury (SCI), and lower limb dysfunctionality are some of the critical factors determining the growth trajectory of exoskeleton robot industry globally.

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Global Exoskeleton Robot Market: Ken Research

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Global Robotic Exoskeletons Market 2016-2023 by Industrial Vertical, Mobility Type, Product Function, Power Technology and Region

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Othmane Meziane, Founder of BFITGROUP Revealed 6 Trends in Morocco Fitness Market in 2022: Ken Research

 “Smaller and local Gyms can try to adapt Pay for Use Technique which is quite different from Yearly Memberships as the People are quite apprehensive about joining Gyms with Annual Memberships after Closure for more than 12 Months. Providing people with Shorter Membership Options can help smaller gyms to gain traction and sustain in the market even after COVID”- Othmane Meziane.

In conversation with Othmane Meziane, Entrepreneur, Tech enthusiast, Founder of BFITGROUP, we have attempted to identify the key trends in the Morocco Fitness Market and the Future Techniques that will revolutionize the Fitness space.

What is the scenario of Commercial Fitness Centers in Morocco? Which type of Gyms are quite popular in the Moroccon Fitness Market?

Morocco has numerous small and local Gyms which are basically in operation by Sports Person and attended by People by Neighborhood areas only. In total, there are approximately 300-400 Commercial Gyms in Morocco inclusive of Local Gyms, Popular Fitness Centers and Luxury Boutique Fitness Centers. Most Popular Techniques used by Fitness Enthusiasts are quite similar to Europe such as Weight Training, Yoga and Strength Training in Popular Fitness Clubs such as Anytime Fitness and Gold Gym. New Concepts such as Fitness Studios of Boxing, Yoga, EMS (Electro Simulation) is increasingly being popular in Morocco.

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Are the Commercial Gyms in Morocco Gender Specific? Is there any specifications or Rules followed by Commercial Gyms in this regard?

There are 100% Ladies Fitness Clubs in Morocco such as City Club or have dedicated space for Women to Exercise in the Health Clubs. In Few Cities, It is advisable to have Different Entry gates, Separate Areas and Different Timings for males and Females.

What makes B-Fit different from Other Commercial Gym Centers in the Country? Are there any Additional Services being offered to the clients in the Gym?

B-Fit Club is a Luxury Boutique Fitness Club in Morocco, alligned with Health, Wellness and Fitness and aimed at providing dedicated personal Trainings, Group Training to people. Unlike Popular Fitness Centers, the company doesn’t allow people to exercise on their own and doesn’t have a common area to freely access the Equipment in absence of the trainer. Additional Services includes Nutritionist Consulting, Healing Therapies, and Cupping but doesn’t include Spa, Sauna facilities inside the Gym Premises.

What is the typical Area requirement for opening a Boutique Fitness Centers such as B-Fit in Morocco? Which are the major Areas of Concentration of Luxury Gyms in the Country?

The Biggest B-fit Facility is around 1000 Sqm with smaller Facilities around 300 sqms or more. The Company employ 10-20 Fitness trainers in B-Fit Luxury Gyms. Pre-Scheduled classes and Group Classes are provided in the Gym on Hourly basis on all days of the Week. 50% of all the Fitness Centers are located in Casablanca with all Flagship Branded Gyms stores as the city is highly lit with Malls, Supermarkets and Elite population earning Handsome Income to afford the expenses of Luxury Commercial Clubs in the Country.

How has the demand been impacted due to the COVID situation? What steps have been taken by the company to mitigate the losses during this period?

The COVID Situation has been quite bad for the Fitness Industry due to certain Government Decisions not in favor of the Gym Centers. Morocco was the only Country where Gyms were closed for 12 months out of 18 Months of COVID Period and have just re opened 5 days back. Due to Business Model of Personal Fitness Training, the Company kept working by providing personal training to their Clients in parks, Beaches, Home Coaching and Virtual Classes. B-Fit was also awarded as the most Technology Innovated Company in the Fitness Industry in Early 2021.

What was the reason of Survival of B-Fit Group during COVID? Are there any plans to revive back in the Fitness Industry after COVID?

B-Fit doesn’t work with Annual Memberships, instead work with Wallets which can be recharged and Services can be availed depending upon the Client’s convenience. Hence, Returning Membership Amounts or Extending the Service Period was not an issue faced by the Company during COVID times. Also, Outline Classes and Virtual Classes started by B-Fit also reduced the COVID Impact which could have otherwise dropped the Revenues and Members in the Gym.

Marketing Techniques through Social Media and Discounts to the Existing Members will definitely increase the member’s penetration considering the changed Consumer Preference and Health conscious Attitude after COVID-19.

What was smaller and Local Fitness Centers do in order to sustain in the Market after COVID?

Gyms can try to adapt Pay for Use which is quite different from Yearly Memberships as the People are quite apprehensive about joining Gyms after lockdown for more than 12 Months in the Country. Providing people with Shorter Membership Options can help smaller gyms to gain traction and sustain in the market even after COVID.

Are all the Sports equipment imported from Other Countries or Locally Manufactured? How many Distributors are there in the Fitness Market?

90%-95% of all Equipment are imported and less than 10% is locally manufactured in Morocco. Morocco has just 5-6 Distributors such as Bellaforme. The market for Second hand equipments is quite huge which is highly purchased by Local gyms, Home Gyms and is generally traded in Black market and is not regulated by the Government.

As people in Morocco have larger space in their homes than most parts of Europe, People tend to buy equipments for their self-Consumption. With such change in the consumer demand and Preferences, Sports equipment’s market is definitely expected to grow in Future.

For any queries or feedback, reach out to the author at Namit@kenresearch.com

To Find More on Morocco Fitness Services Market Research Report, refer to this link:-

Morocco Fitness Services Market Outlook to 2025F

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India Interior Design Market Growth is driven by the Thriving Real-Estate Sector: Ken Research

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Market Overview

Creating an aesthetically pleasing environment inside a building is the aim of an interior designer. It has an impact on people's daily life, including how they work and relax. Interior designers create comfortable homes, effective offices, and spectacular public spaces. In India, the interior design business is made up of trade members, architects, and interior designers who are in charge of planning, creating, and decorating interior spaces. Increased population, affluence, urbanization, and the country's booming real estate industry are driving the country's interior design sector. Smart houses, the impact of social media, and changes in the living standards and lifestyle of the populace are other elements that contribute to an increase in demand for interior design services. The Indian interior design market is also growing as a result of the increase in interior designers and interior design firms in the country.

Report Analysis

According to the research report, “India Interior Design Market: Current Analysis and Forecast (2021-2027)” asserts that the thriving real estate sector is what is driving the Indian interior design market. The market for interior design in India is expanding as a result of urbanization, rising income levels, and population expansion. The smart home system, social media manipulation, and changes in lifestyles and living standards are some additional reasons influencing the rising need for interior design services. Furthermore, some other factors such as due to increasing real estate investments, owing to growth in the real estate industry, and theme-based office & home interiors are also boosting the India Interior Design Market.

Segmentation

By Application

On the basis of the applications, the India Interior Design Market is segmented into Commercial and Residential. The interior design market in India was dominated by commercial interior design in 2020. The main cause of this is the expansion of real estate investment. The traditional way of life is changing as a result of the fast urbanization occurring in important cities like Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Kolkata, Hyderabad, and Pune. The market is likely to continue to experience a wonderful window of opportunity to capitalize on the rising demand for commercial space over the forecast period.

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By Type of Decoration

In terms of types of decoration, the India Interior Design Market is categorized into Renovation and New. Among them, the new decorating sector held a significant part of the Indian interior design market and is predicted to rise steadily throughout the projection period. The change in work culture and India's growing preference for high-end lifestyles are to blame for the category's growth. As a result, new, well-designed business spaces and stunning houses are being built, contributing to the market's expansion.

Key Players

Some major key players in the India Interior Design Market are:

Aamir & Hameeda

De Panache

Acme Interiors

Design Qube

Livspace

Carafina

The Kari Ghars

Ace Interiors

Sobha Interiors

Morph Design Co. by Prestige Construction

Others

Regional Analysis

Based on the regions, the India Interior Design Market is primarily split into North, South, East, and West India. North India will have a significant CAGR in 2020 as a result of expanding urbanization, increased investments in the real estate sector, an increasing number of national and international corporate headquarters in the Delhi-National Capital Region (NCR), and an increasing number of housing projects presented in the region by public organizations and private builders.

Future Outlook

Over the impending years, the India Interior Design Market will grow rapidly due to the rising real estate market and the increasing number of interior designers across India during the forecasted period of 2027. Likewise, the benefits of interior design are fueling market expansion. One of the key benefits of interior design is that it can maximize the amount of available space. Furthermore, a modern interior design that equips spaces with the most recent technological breakthroughs for optimal comfort will increase the market.

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India Interior Design Market: Ken Research

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Global Interior Design Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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8 Ways Strength Training Improve Your Health and Fitness- In conversation with Roni Algamor, owner and CEO, Almagor Leisure: Ken Research

 In conversation with Roni Algamor, Business Development Director at Holmes Place and owner & CEO of “Almagor Leisure” Consulting, we have attempted to identify the key trends, challenges and Opportunities currently prevalent in Israel Fitness Market in Future.

What is the scenario of Commercial Fitness Gyms in Israel? Which type of Gyms are quite popular in the Israel Fitness Market? What are the major areas where the gyms are concentrated?

The Commercial Fitness Market was extremely affected in Israel with only 1800 gyms operational and approximately 1000 Gyms closed during COVID 19. 20-30% of all gyms are Boutique Clubs followed by Commercial Popular Fitness Centers (40-45%) and rest are local gyms in Israel. The Average annual membership is quite high for Boutique Gyms and can be more than USD 1500 per annum followed by Popular Fitness Centers.

Most of the Fitness Centers are big Gym Areas with machines, Studio for Group Classes, Spinning, Yoga and Pilates. Generally the Gyms are quite busy in the early morning from 6:30 to 10 am and 4:30 pm to 9 pm in the Evening. Most of the Gyms are located in Haifa, Jerusalem, Tel Aviv and more

Which Services are extremely popular in Commercial Fitness Centers? What are the Additional Services provided by Gym Centers in Israel?

Spinning, CrossFit, Balancing through Ninja Machines has been quite popular now-a-days. Most of the Gym Centers, Sports Clubs provide Swimming Pools, Spa, Massage Facilities, Nutritional Specialists and Therapists. Certain Gadgets which carefully monitor the Client Pulse rate, Heart beat and more are quite popular but is usually owned privately by the Individuals and not provided by the gym.

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What is the space of Commercial Fitness Centers in Israel? How many Members are generally employed in the Fitness Centers?

A popular Fitness Center has an area of around 1500-3000 sqm followed by Boutique Clubs with 500-1000 sqms and Local Gyms of 300-800 sqms area. A popular Fitness Centers generally employ 20-30 Employees including the Trainers, Management, Cleaners, Receptionists, Marketing Managers and more but varies depending upon the Type of facilities and additional services provided by the Gym.

What was the COVID Impact on Commercial Gyms and Fitness Space in Israel?

COVID 19 has a huge impact on Fitness Centers in Israel as the country was closed for few months, approximately 1000 Gyms were shut down permanently. The Membership of the People was even freezed and extended by 8-10 months. People with Memberships are resuming their Fitness Routines but few are still hesitant due to the Virus. There were few restrictions imposed by the Government and regulations to be taken care of such as 2 meter distance between Machines, Plastic barriers and more. The Gyms are currently working with 60-70% of the Capacity.

The Virtual Fitness Market picked up pace during COVID time and Fitness Centers such as Holmes place introduced Personal training, Group Classes, One on One Interaction virtually which helped them to sustain during COVID times.

Are there any Revolutions that needs to be done by Gyms in order to sustain in the market after COVID in Israel? Are there any New Gyms expected to open In Israel in the Coming few years?

The Gyms are expected to remain the same and no such revolutions will be made after COVID. Usual Traditional Marketing techniques such as Social Media and Campaigns might be taken by the Gyms to return back to normal Penetration rate as Pre covid Levels.

Few Fitness Chains by Holmes Place, Profit, and Family Gyms by Country Clubs and Municipality clubs are expected to open in the Next few years. Freelancers and Virtual classes will gain more traction after COVID as people will be able to attend classes with Convinence.

For any queries or feedback, reach out at namit@kenresearch.com

To Find More on Israel Fitness Services Market Research Report, refer to this link:-

Israel Fitness Services Market Outlook to 2025

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Ex. MD, Gold Gym Releaved 5 Trends in Saudi Arabia Fitness Industry in 2022: Ken Research

KSA Fitness Services Market Outlook

In conversation with Raouf Hegazy, Ex Managing Director at Gold's Gym, Saudi Arabia, we attempt to identify the key trends in the Saudi Arabia Fitness Market and how the industry was impacted by COVID 19.

 “I believe that marketing campaigns which connect to the public on the ground and involve them in activities works better than broad and general marketing. The human interaction creates a personal connection with the public and social media provides the mass visibility. “-Raouf Hegazy 

How has your journey with Gold’s Gym been?

I worked with Gold’s Gym KSA for more than 6 Years. I left the organization last year. My team and I started our journey with a very strong challenge to double the number of branches in KSA. We started the project from scratch, which means we purchased the land, designed the gyms, pre-sales, and the opening the branch. Our efforts were appreciated by Gold’s Gym international. We won 4 awards and in 2018 were awarded the prize of the best new gym in the world, the best marketing campaign, and Visionary of fitness in Saudi Arabia.   

What was the impact of Covid 19 on the fitness industry in KSA?

The industry was tremendously impacted by Covid. The fitness industry involves the presence of the clients in the gym with the trainers and it involves them touching and using various equipment. But, these were the activities that were spreading the virus.

When the lockdown was imposed on the country a few smart and proactive leaders shifted to an online mode of training. This helped reduce the bleeding of the revenue. Few of the larger brands with multiple centres were amongst the first to start online training. Gold’s gym followed by developing videos that were provided to the clients. About 60% of the gyms remained closed during the lockdown. The rest shifted to an online mode. The gym which did not shift online froze the memberships of the clients. This means that during the lockdown they did not lose any cash flow but at the same time they did not generate any cash flow as well. Many clubs asked the trainers to take unpaid leaves. 

The government had supported the industry by exempting some bills and charges. On an industry level, we saw a decline in revenue of about 20-25%. The market size was around 702 million in 2020 and an 8% growth is expected in 2021. In the last 4 years, the government has been constantly creating awareness about physical fitness. In 2018, around 25% of the country was involved in physical fitness activity for 1-2 hours a week.

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What is the new technological advancement in terms of fitness equipment in the country? 

The leading players in the county such as Technogym, Life fitness, and Matrix try to bring new equipment in the market every year. For example state of art, technology is being used in the cycling rooms of the gyms. Pulse and pace monitors are being used to conduct the live competition in the gyms and the clients can save their progress and continue with the progress even when they move to other centers using the login credentials. The system has all the information about the workout such as calories burned, average pace, top speed, heart rate, etc. 

The equipment market of the country is import-driven. About 85-90% of the equipment is imported from countries such as the USA, Italy, Taiwan, etc.

What were the marketing techniques while you were working with Gold’s Gym?

While with Gold’s gym I used two major techniques. The first was social media presence and the other was activated on the ground to develop a connection with the public. Social media was to develop a presence and the ground activities were to develop a relationship. I did not go for magazine ads or published ads in the newspaper. Awareness campaigns were created which created a personal touch with the public and the customers. 

Brand recognition is extremely important in the fitness industry, even more now as the customers have to trust the sanitization and cleanliness within the gyms. I believe that marketing campaigns that connect to the public on the ground and involve them in activities work better than broad and general marketing. Human interaction creates a personal connection with the public and social media provides mass visibility. 

During Covid, the gym provided discounts of up to 50% of recharge the sales. 

Does any real-estate premiumization occur due to the opening of a gym? Which are the ideal locations for the opening of gyms in the country?

No, there are a few reasons for that. Firstly, gyms are usually opened in areas that have already gone through the process of premiumization. Rarely do we open gyms in anticipation of the development of the area. This is because we have a checklist while deciding on a location of a gym. One of the criteria is traffic and easy accessibility. This means that the prices have already increased to a stable level. 

The country is divided into regions such as north, west, south, etc. I would suggest opening gyms in the capitals of each region. This is because the major population lies in these cities.

For any queries or feedback, reach out to the author at Namit@kenresearch.com

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Organic Potato Starch Market Outlook: Ken Research

 Organic Potato Starch is a type of starch obtained from organic Danish potatoes in the form of white powder. The characteristics of potato starch are – superior in quality, gives a very transparent high viscosity paste after processing, and after cooling can transform into powder or gel, depending on its concentration.

According to the research report, ‘Global Organic Potato Starch Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery’, states that Avebe, PPZ Niechlow, Anthony's Goods, LyckebyCulinar, Ingredion Incorporated, Novidon Starch, Roquette, Finnamyl Ltd, Emsland Group, KMC, Shiloh Farms, Sudstarke, Aloja-Starkelsen, Pepees JSC Starchworks, and Vimal PPCE are some of the companies dominating the global market of Global Organic Potato Starch industry. The report puts forward a thorough assessment of the aforementioned companies done on the basis of certain predetermined criteria such as the performance of the company, sales, price and gross margins, risk analysis, collaborative business strategy, recent development, regional presence, acquisitions, product and services offered by these companies, SWOT analysis, and many more, through which the companies survive and compete against one another. The report further includes company profiling of each player and also reviews how far along the player stands in the competition.

The GlobalOrganic Potato Starch industry is fragmented into different segments which are described below:

Based on type, the industry is structurally divided into - Potato Starch, Corn Starch, Arrowroot Starch, Tapioca Starch, and Others

Based on application, the industry involves - Bulking Agent, Anti-Caking Agent, Sweetener, Stabilizer, Fat Replacer, and Others

Based on region, the report presents a comprehensive analysis of the market type particularly focusing on its sales, sales volume & revenue forecast. The regions acknowledged in this report are - North America (United States, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Others), Asia-Pacific (China, Japan, South Korea, Australia, and India), South America (Brazil, Argentina, and Columbia), The Middle East and Africa (UAE, Egypt, and South Africa).

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Furthermore, the report has sections focusing essentially on the overall market by taking several critical factors into consideration such as dynamics of the market both globally and region-wise, market synopsis, and market trends (historic and current). It mentions several growth-oriented incentives, challenges, and restraints of the market. It examines the market quantitatively and qualitatively (i.e., study of the market size in terms of value and volume) by outlining all the important segments responsible for regulating the global cabin air filter market. The research report is equipped with various dimensions such as technological advancements, strategies adopted by the aforementioned companies, application details, market features, regional and industry-wise investment opportunities, and much more.

In the forthcoming years, the Global Organic Potato Starch industry will continue to increase and is anticipated to reach a value in terms of revenue of USD million by the end of 2027 with a double-digit CAGR during the review period of 2022-2027.The growing demand for natural, plant-based food ingredients along with the increasing trend of organically processed food are some of the factors driving the industry of organic potato starch globally

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Global Organic Potato Starch Market

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Organic Potato Starch Market Research: Global Status & Forecast by Geography, Type & Application (2017-2027)

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Global Healthcare Robotics Market Outlook, Industry Forecast (2021-2027): Ken Research

 Healthcare robots are created perfectly with the combination of medicine and technology. These robots enable the surgeons to perform surgeries with almost perfect precision and are considered an alternative procedure to minimally invasive surgeries.

The research report, ‘Healthcare Robotics Market: Current Analysis And Forecast (2021-2027)’, aims to provide a detailed overview of the market along with the proper analysis of each section through various research methodologies like PESTEL analysis, SWOT analysis, and porter five force analysis. The research report states that some of the major players operating in the market are Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG, and others. The report has consolidated different parameters through which the above-stated companies exist and compete against each other. Some of these parameters are – the performance of the company, sales, risk analysis, collaborative business strategy, recent development, regional presence, acquisitions, and product and services offered by these companies. The report further includes company profiling of each player aforementioned and also reviews how far along the player stands in the competition.

In addition to that, the report also provides market trends for the healthcare robotics industry both in the present and future. The research report is equipped with various dimensions such as dynamics of the market both globally and region-wise, analysis of historical data, and technology development, strategies and collaborations made by the aforementioned companies, and study of the market size (in terms of value and volume) based on demand and supply, market growth drivers, sales and application details, market features, restraints, regional and industry wise investment opportunities and much more.

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The report mentions that the healthcare robotics market is categorized into various segments. These segments are - Based on product (systems and instruments & accessories), Based on end-users (hospitals and pharmacies, rehabilitation centers, and home care settings), Based on the region (North America, Europe, Asia-Pacific, and Rest of World). The study discusses the forecast of each segment and sub-segments in detail. For instance- under the category of end-user, the hospital and pharmacies captured a big share in the market and is expected to sustain a considerable presence in the forecast period. Likewise, the report gives forecasts about various other segments. For a better understanding of the market, the report covers the market details for all the countries present in the above-stated regions as well. Some of these countries are - the United States, Canada, Germany, the UK, China, India, and many others.

In the upcoming years, the healthcare robotics market is anticipated to grow and reach a substantial value in terms of revenue in USD million by the end of the year 2027 at a double-digit CAGR during the forecast period (2021-2027). The requirement of healthcare robotics is increasing on account of the increasing penetration of advanced and novel technologies and growing adoption of robotic surgeries due to the improved efficiency and success rate given by these surgeries, along with the minimally invasive nature of the surgeries.

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

Global Healthcare Robotics Market

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VP, Lamudi Revealed how Technology and Disruptive Business Model will grow Filipino Online Property Classified Space: Ken Research

Technology and innovative business models paving the way for growth of online Property Classified Platforms in Philippines

The Property Classifieds Platform market of Philippines has a potential to grow exponentially in the country supported by newer technology and innovative business models. Owing to the COVID-19 pandemic, there is an expected increase in demand for these classified platforms due to their user-friendly interfaces.

In conversation with Mr. Ramjit Lahiri, Vice President of Lamudi, we attempted to seek his opinion and understand his side of story to the changing fortunes of the Property Classified Platforms Industry and how are companies gearing up for it.

Q1: What have been the trends governing the classified property platform market of Philippines in the past few years and how has it grown?

Irrespective of the global dips in the economy and recessions, this particular industry has always recovered. Property in general, is bought for two purposes- investment and living. The classified market, in particular, has been catering not to the investment need but to the living need of the consumers. However, this does not mean that there aren’t any consumers who are not looking for investments. Just that the proportion of these consumers is very small as compared to the end users of the property. For Philippines, the real estate market has been a very traditional market. There are 4-5 major conglomerate players who own the real estate industry (SMBC, Robinson’s Land, Ayala Land etc). However, in the past 5 years, the need to adopt newer technology, to operate the market, has been felt and this is where the classified platforms have come into play and have gained popularity. With the onset of COVID, this process of adoption was accelerated. Instead of putting up ads on billboards, all major developers were now heavily relying on digital channels to market their properties. The classifieds industry, overall, benefitted from the pandemic. Developers were desperate to move their inventory, and an easy solution was these classified platforms. Classified companies are trying to build their technological capabilities in-house and are also investing in technology provided by third parties to grow their business.

Q2: As mentioned, the classifieds market mostly caters to the end-users of properties and not the investment market. What would you say is the reason behind this and what would be the distribution of the consumers?

Most of the consumers are end-users, however, there are a few investors as well. About 90% of the consumers are end users. The reason being, that if you’re looking out to invest, as a consumer, you would already have certain connections with developers. People looking for properties online are mostly looking for their first homes, second homes so on so forth.

Q3: With the increase usage of technology, one would expect that such online platforms are popular only with a particular age group. What would be your opinion on that? Also, would you say there exists a gender gap amongst the consumers?

The majority of the people using these online platforms lie in the age group 20 to 35. About 65% of the users of platforms come from this age group. They are the most comfortable using them. Also, this is the age group where people start looking for their first homes. While speaking about the gender gap, one could note that the economy overall is driven by women in the Philippines. In mostly all fields, women dominate the industries and the same goes for the consumers of classified platforms. The gender ratio is of about 60-40 with 60% being women.

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Q4: What are the most popular geographical regions where these classified platforms have experienced maximum growth?

Philippines is skewed towards Metro Manila and the areas surrounding it (NCR). 75% of the traffic of these classified platforms comes from Metro Manila and the areas surrounding it and the rest of the country accounts for about 25%. The demand for housing is the maximum in these areas as well.

Q5: There has been an influx of technology into the space of the property classified platform industry. In your opinion, what could be some other forthcoming changes in the business models of these platforms to accelerate growth?

Platforms nowadays, want to be a one-stop-shop for their users. The change with respect to business models will come in by trying to increase the consumer reach by tapping into the transaction space. Currently, most of the platforms are just a space to connect the buyers and sellers. They don’t influence the buying or influence the selling. They just play the role of connecting the buyers and sellers. Most of the developers now, are looking for a platform that not only market their product but also move their product. Meaning, for example, developers would now not only be concerned with the sale of units that the platform was able to carry forward but also with the advertising of the properties which would increase awareness amongst users. This is what would now matter. Classified platforms are now trying to come up with solutions and models to this, to move towards the transaction space. That within a classified set-up, how can one become a brokerage as well to sell properties- either through an in-house team or through an affiliated network. Platforms cannot sell subscriptions beyond a limit, but tapping into the transaction space will give them the opportunity to grow exponentially. Platforms would also move from just subscription models to commission models for higher growth as the earnings from this model would depend upon the number of units sold through the platform and this is where all of the innovation will come. Another aspect of growth in the industry would be the introduction of virtual reality. The aim is to bring the homes to the screen of your devices for a user-friendly comfortable experience. Virtual reality would enable 3D tours of properties which would help consumers buy properties with ease.

Q6: How do you see the market growing in the near future, say 5 years?

It is difficult to predict the growth of the market for the coming years due to COVID-19. As the market is extremely fragmented, no one entity will be able to give a precise growth trend, owing to the uncertainty that the pandemic has brought in with it. However, before the pandemic, a 7-8% year-on-year growth was predicted.

For any queries or feedback, reach out to the author at Namit@kenresearch.com

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Green Power Market Growth is propelled by Surge in Favorable Policies: Ken Research

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Green energy is any energy type that is created from natural resources, such as sunlight, wind, or water. According to the United States Environmental Protection Agency (EPA), green power is a subdivision of renewable energy and embodies those renewable energy resources and technologies that deliver the greatest environmental benefit. EPA well-defines green power as electricity introduced from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources. Consumers often buy green power for its zero-emissions profile and carbon footprint deduction benefits.

According to the report analysis, ‘Green Power Market: Current Analysis and Forecast (2021-2027)’ states that with the volatile growth of Green Power installations in China, Asia Pacific endures to take the lead in global wind power advancement with its share of the global market growing during 2020. In addition, governments around numerous countries such as the U.S, India, Japan, Germany, etc., launched countless initiatives to eradicate the dependency on electricity generation from the fossil fuels.

The effect of Covid-19 on renewable electricity technologies with long lead times, such as hydropower, offshore wind, CSP, and geothermal, remains restricted. Hydropower capacity additions are review to increase both during 2020 and 2021, propelled by the commissioning of two mega hydropower projects around China and assisting the rebound of renewables next year. The review for offshore wind remains unchanged as most projects are already financed and under the construction.

Presently, Asia Pacific controls a lucrative market share due to the increasing focus on renewable energy. The Asia Pacific attained an extensive market share in the market and is projected to grow at an extensive rate majorly owing to the increasing industrialization, urbanization, and population coupled with growing investments in renewable power and infrastructure, which is further underwriting to the growth of the green power market in the region. Furthermore, the increment in research and development activities for green power sources, increasing energy requirement in developing countries like China and India coupled with favorable government policies and an augmenting focus on growing the share of renewable energy in the power generation mix are some of the prominent factors propelling the region's market. Thus, as the world aims to decrease its reliance on fossil fuels amid the energy transition, several foremost economies in the region are now looking to ramp up their share of the renewable power. For instance, Bhadla Solar Park (India) was commissioned during March 2020 with an installed volume of 2.25GW and it spans 14,000 acres.

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There are several aspects underwriting to the growth of the green energy market likewise increment in the industries in underdeveloped regions, augment in stringent government regulations toward greenhouse gas emissions around the world, increment in favorable policies in developed and underdeveloped regions for the green power sector. Regions, involving India posses proficient growth potential, however, owing to inconsistent policy and business surroundings, the market is increasing at the moderate rate. Therefore, it is predicted that during the near future the market of green power will augment more proficiently around the globe over the review period.

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Global Green Power Market: Ken Research

Related Reports:-

Global Green Energy Computing Market by Type (solar photovoltaic (PV), hydroelectric power, wind energy, geothermal energy and biofuels); By end-user (residential, industrial and commercial) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030

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3 Key Insights on Competitive Landscape in North America 5G Equipment and Device Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding 60% of Revenue Share despite Presence of over 100 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on North America 5G equipment and Device Market by Ken Research

Global Players that Constitute 20% of the Total Number of Competitors Hold the Largest Revenue Share of 60% While Regional Companies Also Have a Strong Presence and Hold 25%

A comprehensive competitive analysis conducted during the Research Study found that the North America 5G Equipment and Device market is highly competitive with ~100 players operating in the market which includes globally diversified players as well as a large number of players having their niche in 5G equipment and device for specific segments. Regional players are about 25% in terms of the total number of competitors. Global players account for 60% of the market in terms of total revenues followed by regional players which account for approximately 25% of the market in terms of revenues.

Leading Diverse Global Players' Ongoing Efforts To Provide Advanced 5G Equipment and Devices Suitable for a Wide Range of Industries Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that diverse players such as Samsung, Huawei, Nokia, and Keysight are highly focused on providing a significant number of equipment and device, and 5G technology that can be used across multiple industries, including automation with Machine Learning, Artificial intelligence and more. Furthermore, several companies and organizations are aggressively investing in R&D to reduce the significant loss that occurs during the conversion of 4G technology into 5G.

• Keysight intends to invest approx US$ 811.00 Million per year in R&D, with a focus on the equipment to help in the innovation of the 5G network. In addition to the 5G network, Keysight provides electronic design and test solutions that are used in the simulation, design, validation, manufacture, installation, optimization, and secure operation of electronic systems in the communications, networking, and electronics industries.

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Covid-19 had a Positive Impact on North America’s 5G Equipment and Device Market Owing to People Relying on Mobile Networks to Access Life-Enhancing Services.

As covid-19 pandemic has caused major disruption in the world but the mobile industry focused during the pandemic on networks as people relied on mobile networks to stay connected and access life-enhancing services which are providing an opportunity within the 5G equipment and device market.

Sanjole's hardware and software solutions will improve Keysight's solutions for modem, chipset, and radio access network (RAN) clients and are complementary to its 5G portfolio. NEC becomes the first IT service provider to offer a connection point to Microsoft Azure ExpressRoute from its own data center.  Anritsu announced that the first Non-Public Network (NPN) Protocol Conformance Tests for 5G New Radio (NR) Standalone (SA) have been verified on the 5G NR Mobile Device Test Platform powered by the Snapdragon X70 5G Modem-RF System, from Qualcomm Technologies, Inc.

Increased Government Initiatives in the 5G Equipment and Device, As Well As New Stringent Regulations and Strategies to Promote 5G Led to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

1. In March 2021, Cisco acquired Acacia Communication, Inc. a Massachusetts-based company and existing Cisco supplier. This acquisition is likely to enhance Cisco’s ‘Internet for the Future strategy.
2. In June 2022, Anritsu and Tech Mahindra Collaborated to create a cost-effective environment for 5G IoT device manufacturers.
3. On July 21, 2022, Ericsson acquires Vonage, with this acquisition Ericsson will create a market for easy-to-adopt global network application Program Interfaces which will drive the next wave of digitization.
4. In Nov 2021, Verizon announced its acquisition with TracFone Wireless, Inc. and TracFone, a family of brands, bringing the leading premium and value wireless brands together on the leading wireless network.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Mobile Phone Handset and Tablet Devices Manufacturers
• Mobile Connectivity Device Manufacturers
• Mobile Communications Software Companies
• Mobile Communications Equipment Providers
• GPS Internet Service Provider Companies
• Wireless Internet Service Provider Companies
• Broadband Internet Service Provider Companies
• Fixed Wireless/Wireless Local Loop (FW/WLL) Telecom Network Operators
• M2M Telecom Operators
• Virtual Mobile Network Operators (MVNO)
• Wholesale Telecommunications Network Operators
• Satellite Communications Operators
• Ministries of Telecommunication and Broadcasting
• Departments of Telecommunication and Broadcasting
• Telecommunication Administrative/Regulatory Bodies
• Environmental Regulatory Authorities and Associations
• Telecommunications Technology Research Organizations and Associations
• Mobile Communications Technology Research Organizations and Associations
• Potential Investors in 5G Mobile Connectivity Industry Value Chain
• Potential Investors in 5G Mobile Communications Industry Value Chain
• Potential Investors in 5G Mobile Communications Equipment Industry Value Chain

Companies Mentioned in the Report: -

Key Competitors Profiled in the Report

• Samsung
• Huawei Technologies Co., Ltd
• Nokia
• ZTE Corporation
• Cisco System, Inc.
• AT&T Intellectual Property
• Anritsu
• Ericsson
• NEC Corporation
• Verizon
• BEC Technology
• Keysight

Notable Emerging Companies Mentioned in the Report

• Celona
• Revokind
• Haas Alert
• Cellwize
• Whirlscape Inc.
• The coolest hotspot
• Cheetah Networks Inc
• IoTALTE

Time Period Captured in the Report

• Historical Period: 2019-2021
• Forecast Period: 2022-2030F

Key Topics Covered in the Report: -

• Snapshot of North America 5G Equipment and Device Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of North America 5G Equipment and Device Market
• Historic Growth of Overall North America 5G Equipment and Device Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of North America 5G Equipment and Device Industry
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall North America 5G Equipment and Device Market
• Future Market Forecast and Growth Rates of the Total North America 5G Equipment and Device Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of North America 5G Equipment and Device Market in Major North American Countries
• Major Production / Consumption Hubs in the Major North American Countries
• Major Production/Supply and Consumption/Demand Hubs in Each Major Country
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

For More Information on the Research Report, refer to below links: –

North America 5G Equipment and Device Market Analysis

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249