Rising online presence of used car players, lack of original manufacturing facilities and expensive importation of automobiles is driving Used Car Market in KSA: Ken Research

Saudi Arabia News

KSA Used Commercial Vehicles Market Overview

New sales and Service Channels: The increasing adoption of mobile servicing, workforce hygiene, shared mobility, contactless services, e-commerce and vehicle pick-up has boosted demand for disinfection, cleaning and car wash services. Customer preference for auto servicing is shifting towards mobile platforms, which has resulted in the emergence of mobile app aggregators that connect users with service providers of roadside assistance, car wash and parts replacement.

Trends and Recent Development's: The online platforms as well as dealerships are expanding their presence online and planning to implement latest technologies such as 360 degrees 3D view of the interiors & exteriors, artificial intelligence to leverage consumer behavioural insights and more in order to create a better user browsing experience. The Saudi Traffic Department introduced the facility for online transfer of ownership for sale of vehicles amidst the Covid-19 lockdown to enable transfer without requiring a periodic technical inspection which pushed the market.

Localized production: Most vehicles and parts sold in Saudi Arabia are majorly imported, and local manufacturing is limited to small auto parts and truck assembly. The government is keen on creating a domestic automotive industry and has encouraged global vehicle manufacturers to establish local operations. This would both lead to local job creation, transfer of technologies and skills and enhance the auto parts manufacturing supply chain in the country.

Lack of Regulations & Mismatched Pricing: The industry lacks a regulatory body & stringent regulation concerning the buying & selling of used cars, engine requirements or verification. The lack of standards and regulations governing the industry results in lower consumer confidence while buying pre-owned cars.

Analysts at Ken Research in their latest publication “Saudi Arabia Used Car Market Outlook to 2026F- Driven by Boom in Online Platforms and Increase in Internet and Smartphone Penetration” observed that post pandemic, Saudi Arabia will be in a growth phase in the used car market in Middle East region. Moreover, the rise in the online platforms and increasing penetration of internet has resulted in higher demand of used cars through online platforms in the country. Therefore, industry is expected to demonstrate strong growth in the future led by growth of online used car platforms that provide convenience to both buyers and sellers and makes the entire process smoother. The Saudi Arabia Used Car Market is expected to grow at a CAGR of 10.2% on the basis of GTV over the forecast period 2021-2026F. 

KSA Used Car Market

By Market Structure

• Organized Sector
• OEM Certified Dealers
• Multi-Brand Non-Franchise Dealerships
• Auction Companies

• Unorganized Sector
• C2C
• Local Dealers

• By Type of Car
• Sedan and Hatchback
• Suv
• Pickup trucks
• Luxury

• By Manufacturer
• Toyota
• Hyundai
• Ford
• Chevrolet
• GMC
• Nissan
• Kia

• By Kms Driven
• <50,000
• 50,000-80,000
• 80,000-150,000
• >150,000
• By Age of Vehicle
• <1 year
• 1-2 years
• 3-5 years
• >5 years
• By City
• Northern
• Southern
• Central
• Western
• Eastern

• By Age of the Consumer:
• 18-34
• 35-54
• 55+

• By Age of the Consumer:
• Female
• Male

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODYy

Key Target Audience

• Used Car Companies
• OEMs
• Multi-Brands
• Online Used Car Portals
• Used Car Financing Companies
• Government Bodies
• Investors & Venture Capital Firms
• Used Car Dealerships
• Used Car Industry
• Used Car Manufacturing Companies
• Used Car Distributors
• Used Car Auction Houses
• Used Car Associations

Time Period Captured in the Report:

• Historical Year: 2017–2021
• Base Year: 2021
• Forecast Period: 2021–2026F

Companies Covered:

Online Auto-Classified

• Expatriates
• Expat
• Haraj
• Opensooq
• Mourjan
• YallaMotors
• Motory
• SellAnyCar
• Syarah
• CarsSwitch
• Carnab
• OLX
• Saudisale
• Halta2ee

Second Hand Car Distributors Saudi Arabia

Major Auction Companies

• Abdulla Fouad Company of Public Auctions Car Sales
• Sultan Nasser Auctioneers Est
• AutoWorld (AKA Al Jazira Equipment Co.Ltd)
• Saud Qahtani Auction Company
• Motory
• Syarah
• Mozayada
• budgetsaudi
• Mazadhala

Major Finance Institution

• Alinma Bank
• Riyad Bank
• ANB Leasing Bank
• Emirates NBD Auto Lease Bank
• Al Rajhi Bank
• National Commercial Bank
• Saudi Investment Bank
• Bank Albilad
• Al Yusr
• Taajeer Finance Company
• Abdul Latif Jameel
• Al-Tayseer Car Finance

Major Finance Institution

• Abdul Latif Jameel
• Aljomaih Automotive Company
• Al Jazirah Vehicle
• Mohamed Yousuf Naghi
• United Motors Company
• Universal Motors Agencies
• SAMACO Automotive
• Petromin Stellantis

Multi Brands Used Car Platforms in Saudi Arabia

Key Topics Covered in the Report

• KSA Automotive Market Overview
• KSA Used Car Market Overview
• KSA Online E-commerce Used Car Market
• Market Ecosystem
• Value chain Analysis
• Customer Buying Journey in KSA
• Decision Making Parameters for Customers
• Offline and Online Business Models
• Detailed Analysis on KSA Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
• Snapshot on Online Used Car Platforms in KSA
• Snapshot of Used Car Auction House in KSA
• Snapshot of Used Car Finance Market in KSA
• Business Opportunity (Customer Profile Analysis)
• Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

Related Reports

Egypt Used Car Market Outlook To 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options

Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions

Vietnam Used Car Market Outlook To 2026 (Second Edition): Driven By Growing Disposable Income And Shifting Consumer Preference From Two-Wheelers To Four-Wheelers

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

3 Key Insights on Competitive Landscape in Europe’s Floating Power Plant Market: Ken Research

 Buy Now

Diverse Global Players Dominate the Market Holding ~60% of Revenue Share Despite Presence of ~100 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Europe Floating Power Plant Market by Ken Research.

A Floating Power Plant (FPP) is a power generation unit that is located on a platform, floating on a water body. Mostly the remote power generator is located on an existing cargo ship. They are self-driven and can be connected to the grid, whenever required. There can be stationary floating platform power plants, which can be established in lakes or shallow waters near seashores and these floating power plants can be either solar energy or wind energy based. Floating Power Plants can be used as primary power sources as well as secondary power sources by public utilities, independent power producers, offshore oil/gas explorers and other industries. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

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

A comprehensive competitive analysis conducted during the Research Study found that the Europe Floating Power Plant market is highly competitive with ~100 players which include globally diversified players, regional players as well as country-niche players having their own niche in Floating Power Plants for specific segments. The large global players comprise about 40% in terms of the number of companies and hold ~60% of the market revenue share followed by regional players which account for ~30% of the market revenue. Most of the country-niche players are renewable energy and equipment suppliers. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

Leading Global Players' Ongoing Efforts To Provide Advanced Floating Power Plant Solution To End User Segments Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as General Electric, Siemens, Principle Power Inc., and Vestas are highly focused on providing a significant number of floating power plant components and technologies that can be used across multiple industries, public utilities, and independent power producers. Furthermore, several companies and organizations are aggressively investing in R&D to use off-grid technology more and to upgrade the Floating Power Plants’ power production capacity.

• In May 2021, GE researchers unveiled that it is partnering with Glosten to design and develop advanced controls to support a 12 MW floating offshore wind turbine. This will lead the floating offshore wind industry toward becoming a commercially viable solution.

Request for Sample Report@ https://bit.ly/3BKOv7t

The Ongoing COVID-19 Pandemic Led to A Significant Reduction in Floating Power Plant Projects Commissioning. However, with the Reducing Impact of Pandemic since early 2022, Major Players are trying to Gain Momentum by Developing New Products and Solutions

Ciel et Terre has unveiled a new rough-water floater and another rigid platform that maximizes the number of solar panels per square meter. This product will add value to the product portfolio of Ciel et Terre. General Electric researchers unveiled that it is partnering with Glosten to design and develop advanced controls to support a 12 MW floating offshore wind turbine. This will lead the floating offshore wind industry toward becoming a commercially viable solution.

Increased Regulations of Governments to Become Carbon Neutral and Major Players’ Interest in Floating Power Plant Market Led to Industry-Wide Developments, Acquisitions, and Deal-Wins

• In December 2019, European Green Deal was launched. According to this deal, the European Commission adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
• In June 2021, Siemens Gamesa and Siemens Energy have signed a Memorandum of Agreement (MoU) with Odfjell Oceanwind to collaborate on the development of Mobile Offshore Wind Units. This will be highly beneficial for oil and gas installations in oceans as they will be provided power till they continue their production activities.
• In August 2021, Ciel et Terre has formed a joint venture with BlueWave Solar, through its subsidiary Laketricity to deliver floating solar projects outside Europe.
• In Nov 2021, Ocean Winds (a joint venture between ENGIE and EDP Renewables) and Principle Power have entered into a collaboration to work on the design of the floating platforms for France’s first commercial-scale floating wind tender.
• In June 2022, Wärtsilä released the news that it will partner with low carbon energy company SSE to deliver a 50 MW / 100 MWh energy storage system to help unlock the UK's path towards net zero.
• In December 2019, European Green Deal was launched. According to this deal the European Commission adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.

Key Topics Covered in the Report: -

• Snapshot of Europe Floating Power Plant Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Europe Floating Power Plant Market
• Historic Growth of Overall Europe Floating Power Plant Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Europe Floating Power Plant Industry
• Overview, Product Offerings of Key Competitors
• Covid 19 Impact on Overall Europe Floating Power Plant Market
• Future Market Forecast and Growth Rates of Total Europe Floating Power Plant Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Floating Power Plant Market in Major European Countries
• Major Production / Consumption Hubs in the Major European 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.

Major Companies Profiled in the Report

• General Electric
• Siemens
• Ciel et Terre International
• Principle Power Inc.
• Man Energy Solutions SE
• BW Ideol
• SeaTwirl
• Floating Power Plant A/S
• Wärtsilä
• Mitsubishi Heavy Industries
• Caterpillar
• Vestas

Notable Emerging Companies Mentioned in the Report

• EWE AG
• HOCHTIEF Solutions
• Hydrosolar
• SSE plc.
• Bretagne Ocean Power
• HelioRec
• Hexicon
• Flowocean AB
• Saitec Offshore
• Greenalia
• Floating Energy
• Floating Solar BV

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

• Floating Power Plant Manufacturers / Assemblers
• Companies Manufacturing Components and Modules for Floating Power Plants
• Renewable Energy Providers
• Ministries of Energy and Power Generation
• Ministries of Energy and Power Distribution
• Environment Control and Emission Regulatory Organizations
• Consulting companies in the energy and power sector
• Electrical infrastructure providers
• Electric utilities
• Environmental and regional solar power associations
• Gas turbine and IC engine manufacturers
• Government and research organizations
• Investment banks
• Investors and financial community professionals
• Public and private operators of power barges and power ships
• Solar floating solution manufacturers
• Solar panel manufacturers
• Wind farm owners, operators, and developers
• Wind sub-structure manufacturers
• Wind turbine manufacturers
• Renewable Energy Research Organizations
• Investment Funds
• Independent Power Producers (IPP)
• Time Period Captured in the Report
• Historical Period: 2017-2021
• Forecast Period: 2022-2027F

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

Europe Floating Power Plant Market Future Outlook

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Rising Demand of the Solar Generator Industry: Ken Research

 Buy Now

The Global Solar Generator Market has attained phenomenal growth in the past few years. The report accounts for the industry’s latest market shares, trends, revenues, and restraints. It evaluates the data assessments and specifics of the market size of the industry. The report signifies the competitive marketing strategies of the top grooming companies in the world. It helps to acknowledge the industry’s types, products s, and applications. The report gives an in-depth look at the volumetric and regional analysis of the different countries such as China, Japan, South America, Middle East Europe, Australia, India, France, and Italy. It examines the major challenges faced by the industry during the covid 19 pandemic. The report aims to deliver information about the current and future potential opportunities of the market. Hence, it aims to give a pre-requisite knowledge of the industry’s position in the worldwide market.

According to the research report, Solar Generator Market: Current Analysis and Forecast (2021-2027), says that the solar generator market demand is increasing at dynamical rate over the years and is anticipated to witness prestigious growth throughout the forecasted amount additionally. Additionally, factors that are attracting the market size of the star generator are rising consciousness regarding the usage of renewable suggests that like wind hydro and alternative energy attributable to the increasing worries concerning the alteration of the climatic conditions. Therefore, because of this, the governments of diverse nation-states are inspiring investments in renewable suggests that by means of giving the motivation and reductions in tax. Due to this, these steps, the costs of the solar generator have come back down. This, consecutive, has augmented the sales of solar generators in rising economies.

In 2021, the Global Solar Generator Market was valued at USD million and is projected to reach a significant USD million in the worldwide markets by the end of 2027. It is expected to grow by a single-digit CAGR during the forecast period. Furthermore, the new product launches and development in the Solar Generator Market by the key market players and their strategic collaborations, mergers, and acquisitions have driven the growth of the market. Some of the major players operating in the market include Goal Zero LLC, Hollandia Solar, Altern Limited, Sunvis Solar Co. Ltd., BioLite, Inc., Powerenz, Inc., Sol Solutions LLC (Sol Man), Sola Rover, Inc., Solar Line Group, Jackery Inc. are some of the prominent companies competing around the globe.

North America constitutes a major market for the Solar Generator Market and is dominating the market globally and is expected to continue its 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 Solar Generator Market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4NjQ3

The covid 19 impact has registered a slightly negative impact on the Global Solar Generator Market. Due to immediate shutdowns, travel bans, and restaurants closed all indoor or outdoor events were restricted. Even then there was a huge investment made in the research and development activities by private as well as government entities across the world. Thus the growth of the Global Solar Generator Market declined at a certain rate.

The growth of the market is attributed to the rapidly rising prevalence of products across the globe has given a major boost to the market. Numerous countries are actively participating in the installation of the Solar Generator Market. Besides providing information regarding key players in the Solar Generator Market the report recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Global Solar Generator Market.

For More Information, Click on the Link Below:-

Global Solar Generator Market: Ken Research

Related Report:-

(COVID Version) Global Solar Generators Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Rising Demand of the Automatic Devices in Linear Guide Industry: Ken Research

 Buy Now

The Global Linear Guide Market has attained phenomenal growth in the past few years. The report accounts for the industry’s latest market shares, trends, revenues, and restraints. It evaluates the data assessments and specifics of the market size of the industry. The report signifies the competitive marketing strategies of the top grooming companies in the world. It helps to acknowledge the industry’s types, products s, and applications. The report gives an in-depth look at the volumetric and regional analysis of the different countries such as China, Japan, South America, Middle East Europe, Australia, India, France, and Italy. It examines the major challenges faced by the industry during the covid 19 pandemic. The report aims to deliver information about the current and future potential opportunities of the market. Hence, it aims to give a pre-requisite knowledge of the industry’s position in the worldwide market.

According to the research report, 2022-2027 Global and Regional Linear Guide Industry Status and Prospects Professional Market Research Report Standard Version, says that linear motion systems see automatic devices that are used and designed to maneuver in one direction. they're unremarkably accessible in single-axis and multi-axis variants and may be non-motorized and motorized, looking at the mechanism. The increasing demand for automation in producing applications across the world is making a positive outlook for the market. Linear motion systems are widely used thanks to quality review requirements, higher exactness, flexibility, reliability, and larger potency. Moreover, the rising awareness concerning the eco-friendly properties of linear motion systems has intense their adoption across many industrial verticals, together with automotive, packaging, and manufacturing.

In 2019, the Global Linear Guide Market was valued at USD million and is projected to reach a significant USD million in the worldwide markets by the end of 2024. It is expected to grow by a single-digit CAGR during the forecast period. Furthermore, the new product launches and development in the Linear Guide Market by the key market players and their strategic collaborations, mergers, and acquisitions have driven the growth of the market. Some of the major players operating in the market include THK, PBC Linear, Bosch Rexroth, HIWIN, PMI, NSK, SBC, Schaeffler, IKO, Schneeberger, HTPM, HJMT, TBI MOTION, Shandong Sair, Best Precision, Danaher, Rollon, DMTG, Yigong China, and CPC are some of the prominent companies competing around the globe.

North America constitutes a major market for the Linear Guide Market and is dominating the market globally and is expected to continue its 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 Linear Guide Market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0Mjc0

The covid 19 impact has registered a slightly negative impact on the Global Linear Guide Market. Due to immediate shutdowns, travel bans, and restaurants closed all indoor or outdoor events were restricted. Even then there was a huge investment made in the research and development activities by private as well as government entities across the world. Thus the growth of the Global Linear Guide Market declined at a certain rate.

The growth of the market is attributed to the rapidly rising prevalence of dust electronic products across the globe has given a major boost to the market. Numerous countries are actively participating in the installation of the Linear Guide Market. Besides providing information regarding key players in the Linear Guide Market the report recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Global Linear Guide Market.

For More Information, Click on the Link Below:-

Global Linear Guide Market: Ken Research

Related Report:-

(COVID Version) Global Linear Guide Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Trajectory And Analysis of The Global GSM Antenna Market Outlook: Ken Research

 Buy Now

The GSM (Global System for Mobile communications) antennas are a kind of antennas used for wireless transmission of data at a specific frequency ranging from 800 MHz to 2.2 GHz. These are often used in cell towers and mobile phones and are one of the most popular types of cellular networks globally.

According to the research report, ‘Global GSM Antenna Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery’, states that Laird, Ericsson, CommScope, Advanced RF Technologies (ADRF), Communication Components, Huawei Technologies, KATHREIN-Werke, Comba Telecom, Cobham Wireless, Bird Technologies, ZTE are some of the prominent players of the global GSM Antenna 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 involves company profiling of each player and also evaluates how far along the player stands in the competition.

The Global GSM Antenna Market industry is fragmented into different segments which are described below:

Based on type, the industry is structurally divided into - 2G, 2G/3G, 3G, LTE, and 5G. Based on application, the industry involves – smartphones and Dumbphones.

Based on region, the report presents a thorough 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).

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjMz

In addition to that, the report has sections focusing essentially on the overall market by taking several crucial 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 upcoming years, the Global GSM Antenna Market industry will continue to prosper and is anticipated to reach a value in terms of revenue of USD million by the end of 2025 with a double-digit CAGR during the review period of 2020-2025. Growing requirements for continuous connectivity and network coverage, more connection of devices due to the emergence of IoT, and constant improvements in GSM technologies are some of the major growth driving factors for the GSM antenna market globally.

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

Global GSM Antenna Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Founder and Co-Founder of Getmeds Talks about Growth factors of Health Tech Market in Philippines: Ken Research

 Philippines faced a major doctor shortage in the previous years and the growing population made the situation worst. The increasing concerns led to the advancements in the technology which may provide easy access across the country. E-Pharmacy is one such sector of Philippines health tech market that is targeting to overrule nearly all the barriers in the healthcare access. Covid-19 has been a positive driver of this sector. Most Filipinos are making a slow shift in their purchase pattern and buying medicines online. The sector fears that the consumers may go back to their traditional buying behavior but the question arises that what if the Filipinos are spoiled by the ease and comfort of E-Pharmacies.

In conversation with Mr. Naresh and Mr. Mohit Kumar, Founder and Co-Founder respectively-Getmeds– A Healthcare E- Pharmacy, we attempted to seek their opinions and understand their side of story to ‘Health Tech in Philippines’. Here are some excerpts of the interview:

Q. What are the Growth factors of Health IT Sector/ E-Pharmacy in Philippines?

Biggest reason for Health IT to boom currently is the occurrence of the Covid pandemic. If you want to understand the market in Philippines, then it can be compared to the Indian Health IT/E-Pharmacy Market situation for year 2011-12. During the lockdown many people visited our website, looked for products, posted queries and placed orders. However, majority of the consumers still want the look and feel of the product before they go for an actual purchase.

Q. During Pre-Covid scenario, most Filipinos preferred buying drugs from the near-by stores, is there a difference in the buying nature of the consumers Post-Covid?

Yes, now we are seeing more people coming on mobile apps to buy essentials and non-essential goods. Young consumers are adopting digital channels for their purchase and are one of the promising customer segments to look for in the coming years.

Q. Is there a change in the order size Post-Covid?

It was a roller coaster ride during Covid as searches were very high online, more and more number of people were looking to procure supplies online. Post lift of movement restrictions in the country, a lot of them has moved back to traditional ways but people are moving onto efficient ways to procure needed products. We are growing by 60-70% Month-On-Month in terms of revenue and traffic.

Request For Sample Report- https://www.kenresearch.com/sample-report.php?Frmdetails=NDE0NDUw

Q. What are the challenges in Health Tech Market/ E-Pharmacy in Philippines?

Companies like MedGrocer (E-Pharmacy) started in year 2014 but still it has not been able to make a huge mark on the market, reason being the basic buying behaviour of the Filipinos.

Filipino love to spend on shopping, they also show high preference to go to the stores or shopping malls and purchase articles directly and the similar trend is seen in the Pharmacy Sector.

Another challenge is the archipelago geography. The whole country is divided into ~7,100islands. It takes an hour to reach a nearest pharmacy at some places. Therefore, few Philippine Drug stores have sitting areas outside or within the pharmacies as well.

Digital infrastructure is a big challenge as well. Payment ecosystem is very poor and transaction charges are very high. You can have an idea how poor the payment ecosystem is as you cannot do cross banking transactions by online banking.

Another major problem is that Filipinos are reluctant to use card payments, they prefer Cash on Delivery (COD), and the online transaction charge range is around 6-15% with a lot of banking limitations.

Q. Most Tele-consultancy firms are connecting to E-Pharmacies or Local Drug stores. Are you looking forward to any partnership?

Teleconsultation - A lot of big players are eyeing to this opportunity but prior integration and smooth sync up does not exist within pharmacies. We are partnering with global players and exploring more seamless integration and improved customer experience.

Q. Is the market concentrated by the Hybrid players?

As of now, Mercury leads 65% market followed by Watsons and other players. 10-15% is standalone pharmacies (Fragmented market). E-pharmacies are just picking up.

Q. Which region contributes the majority of the revenue and why?

Since 50% of the population is concentrated in Metro Manila so the majority of the orders are from this region. Approximately, 80% of revenue is generated from Metro Manila and Cebu and remaining would be from far flung areas.

Q. What is the order split depending on the product type?

Since, our model is targeting prescribed drugs more, so we have witnessed 80% of orders for the prescribed drugs, 10% for OTC and 10% for medical devices/equipment. In case of overall market, we foresee it to be,50% for Prescription drugs and 50% for the OTC & Medical devices/equipment.

Q. Getmeds operates via mobile application or web browser? What is the user preference?

Yes, we have an Android app and we are working on the iOS version as well. Very soon we will have a 360 degree solution for our users.

In terms of user preference, it definitely requires an extra effort to make them download an app and to influence them to make purchases from the app, which can be done by providing them certain offers. Once the application is downloaded, the consumers generally stick to it for a longer time.

Q. The idea of promoting e-health in Philippines was to support access to health facility in remote areas and elderly people, is E-Pharmacy fulfilling the needs of target audience?

To some extent yes, but the delivery for the far-flung areas sometimes takes 25-26 days (When standalone retailers procure medicines from distributors in Manila) that is not very beneficial and the pharmacies that are already in these locations charge more than usual and distributors do not offer deliveries to them.

Yes, we have 40% senior citizen customer base. I would say it is easy to convey benefits to Millennial but our consumer base is growing within all age groups. Currently, entire industry is screaming about digital because transition is clearly visible.

A medicine similar to Paracetamol is Bioflu in Philippines. If Getmeds charges ‘X’ amount, then the pharmacies in the remote areas charges ‘2X’. For Getmeds, if the order size is bigger than 200 PHP then no delivery charges are applied on the order, making it more affordable to the users.

Q. What is the future of E-Pharmacy market?

The future for the Philippines market seems very bright. We assume that a big chunk of the total market will digitalise in next 2-3 years. Digital commerce is the future for sure. The emergence of bigger offline retailers in this segment will further infuse growth in this segment and various innovative business model could be witnessed in the near future.

*Note: We have defined hybrid pharmacies as the pharmacies that have both offline and online presence.

Verbatim: “Healthcare Market in Philippines is moving towards digital commerce with consistency and the Pandemic became a catalyst in current scenario. In next few years, consumer behaviour will change to an extent, where most Doctor Consultations, Diagnostics and Pharmacy needs will be acquired through an app and a radical decrease in traditional way of opting in healthcare services would be witnessed.”

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

To Find More on Philippines Health Tech Market Research Reports, refer to this link:-

https://www.kenresearch.com/healthcare/general-healthcare/philippines-health-tech-market-outlook-to-2025/414450-91.html

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

Global eHealth Devices Market, Revenue and Analysis, Forecast (2021-2027): Ken Research

 Buy Now

The EHealth Devices Market has grown significantly in the past few years as there is a huge demand over supply activities these report insights into the current market trends, revenues, and shares. It encloses the current scenarios of the market size in the industries. This report signifies the current practices done by some of the top grooming countries in the world. This report is analyzed based on its worldwide presence in the countries of North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific held the dominating position in the global EHealth Devices Market. It also imparts the current and future predictions along with the upcoming opportunities in the market and some of the consequences of COVID-19 on the food and beverages market and some conclusions of the market at the end.

According to the research report, EHealth Devices Market: Current Analysis And Forecast (2021-2027), says that with the fast advancement in technology and rising awareness among the target population relating to the at-home monitoring solutions, several business players ar specializing in increasing their portfolio by launching new services and merchandise within the market because of that the eHealth Devices market is witnessing an dealing everywhere the world. Moreover, the demand for eHealth Devices is increasing on account of the expansion within the aging population as well as the rising prevalence of various chronic diseases across the world.

In 2021, the Global EHealth Devices Industry was valued at USD Billion and the total generated revenue is expected to grow from 2021 to 2027, and it is nearly growing at a significant height by the end of 2027. Some of the major players operating in the market include Omron Corp., Apple Inc., Medtronic Plc., DexCom, Inc., Nokia Corp., PHC Holdings Corporation, Abbott Laboratories, F. Hoffmann-La Roche AG, Doro AB, and Honeywell, among others are constantly contributing to increase the market share of the sector.

The EHealth Devices Industry was trading at high USD as compared to the previous, the difference creates price volatility, and the market is analyzed based on its worldwide presence in the countries such as North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America which is constantly contributing to the worldwide markets.

The spread of the COVID-19 pandemic helps the big market players implement some new approaches to their business evaluation. The factors that are responsible for the growth of the market are the health reasons which are the major concerns to the industries and the people as well from this spread there was a dip in the market after COVID-19 still after that the beverages and food industries gone for a steep curve of growth and create growth in the market.

However, the Global EHealth Devices Industry impacts the overall market which creates the demand as well as the emerging trends, market drivers, growth opportunities, and restraints. There is a clear competitive analysis of the big market players who are taking the edge over the new technological advancements, Price, and their demanding portfolio this shows how the dynamic in the Global EHealth Devices Industry market. Moreover, the government policies are also attracting the key players to set up their new investments worldwide as per the government-issued policies, and this will go to create a huge impact on the market.

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

Global E-Health Devices Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Growth Prospects of CNC Roll Grinding Machine Industry Outlook: Ken Research

 Buy Now

The CNC (Computer Numerical Control) Roll Grinding Machine is primarily a machine used in the process of grinding workpieces. The main component of this machine is the roll grinder that performs the function of cutting and is available in different types such as belt grinders, bench grinders, jig grinders, gear grinders, die grinder, angle grinder, roll grinder and many more.

According to the research report, ‘2022-2027 Global and Regional CNC Roll Grinding Machine Industry Status and Prospects Professional Market Research Report Standard Version’ states that Tenova, ANDRITZ, Shibaura Machine, Herkules, Hiecise, GEORG, SBA, GRINDIX Industries, PRAISE Machinery, Guiyang Xianfeng Machine Tool, PROMA Machinery, and Shanghai Machine Tool Works are some of the leading competitors functioning in the industry. The report discusses how far along the player stands in the competition referring to some of the players acquiring a major share in the global market with the products they offer. The report also does company profiling of each company mentioned above based on parameters like a company overview, its performance, production capacity, key business offerings, revenue, key business strategy, financial performance, risk analysis, recent developments, regional presence, and SWOT analysis.

The Global CNC Roll Grinding Machine industry is fragmented into different segments which are specified below:

Based on type, the industry is basically divided into - Heavy Roll Grinders, Medium Roll Grinders, and Light Duty Roll Grinders.

Based on application, the industry involves – Steel Industry, Aluminum Industry, Non-Ferrous Industry, and Papermaking and Textile Industry. Based on region, the report presents a thorough 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).

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0Mjgx

Additionally, 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 adopted by the above-named companies, and study of the market size (in terms of value and volume) based on demand and supply, market growth drivers, market features and challenges, regional and industry wise investment opportunities and much more. It examines the market quantitatively and qualitatively by outlining all the important segments influencing the market. Furthermore, the report contains a separate section for the covid-19 impact by discussing application details, forecast predictions, data on sales and demand, recent technologies, and much more.

In the forecast period, the Global CNC Roll Grinding Machine industry will continue to grow and is predicted to increase at a significant value in terms of revenue in USD million by the end of the year 2027 at a double-digit CAGR during the evaluation period (2022-2027). Rising computerization of industrial activities due to high demand for accuracy and quality, advances in the technology of grinding machines, and growing usage across several sectors involving general machinery, automotive, and aerospace sectors are factors fueling the demand globally.

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

Global CNC Roll Grinding Machine Industry

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249