Wednesday, September 28, 2022

Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research

Market Overview

Logistics are very crucial to the economic performance of every economy. Like other African countries, Kenya has structural issues with its logistical infrastructure, but its development has been aided by the ease of doing business and a welcoming political climate. In 2018 Kenya ranked 68 in the Logistics Performance Index and 61 in the East of Doing Business Index. The Kenyan logistics market has expanded greatly during the last few years, which shows that it will rise in the future.

Report Analysis

According to the research report, “Kenya Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Pipeline, Air Freight Forwarding; International and Domestic Freight, Integrated and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” emphasizes that the Kenya Logistics and Warehousing Market is driven by the international trade agreements and advancement in technology which will boost the foreign trade during the forecast period of 2023. Government programs like the Standard Gauge Railway (SGR), Kenya's advantageous location as the entrance to East Africa, and the thriving retail and import industries were the main drivers of the boom.

Segmentation

By Freight Forwarding

The rise of the freight forwarding market in Kenya was significantly influenced by the F&B, FMCG, and industrial sectors in the nation, particularly for the global market. Road freight was discovered to be the most favoured mode of transportation, followed by air and sea freight, as a result of improvements in the road infrastructure. The Kenyan freight forwarding market's top revenue source was found to be the Asia flow corridor.

By Warehousing

One of the major areas of logistics development that calls for increased funding and technological innovation is warehousing. The growth of the warehouse sector is anticipated to be aided by the introduction of automation technology and more sophisticated inventory management systems.

By (CEP) Courier, Express, and Parcel Logistics Market

Online shoppers are now seeking more practical delivery options for their packages as well as more effective return procedures. In Kenya, the majority of clients choose standard delivery over express delivery since express service is regarded as a luxury service. Due to the desire for speedier delivery services and the emergence of e-commerce, the express delivery market will expand rapidly during the forecast period.

By Third Party Logistics Market

It makes much more sense for businesses whose primary line of business is not logistics to outsource logistics contracts. The logistical requirements for Kenya's thriving retail industry frequently depend on seasonal importation. Transportation costs make up about half of the price of goods in Kenya, making outsourcing an even more crucial function. Businesses that deal with perishable commodities and hazardous materials have complicated transportation and warehousing requirements. In order to free up resources for working capital and other immediate needs, SMEs choose to invest in physical capital.

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By E-Commerce Logistics Market

In comparison to other countries, the African continent's E-Commerce market grew relatively late and only accounts for 0.6% of total transactions. The market's logistical needs grow along with the industry, especially in the fast delivery sector.

Key Payers

Some of the major key players in the Kenya Logistics and Warehousing Market are:

Freight Forwarders Kenya

DHL

Agility

FedEx-TNT

CEVA Logistics

Siginon

Bollore

Others

Future Outlook

During the forecast period of 2023, the Kenya Logistics and Warehousing Market will grow fast due to the increase in industrial activities, e-commerce, and an influx of multinational enterprises in the country. Future significant growth is anticipated to be attributed to the warehousing segment's higher growth rate than the dominant freight forwarding segment. Logistics companies are expected to invest in cutting-edge technology solutions like real-time tracking, automation, and autonomous logistics in order to provide better customer service. The use of cutting-edge technology-based solutions will aid logistics companies in efficiently delivering goods in light of the expanding global trade.

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Kenya Logistics and Warehousing Market

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Global Sun Care Market Issues, Challenges, and Companies Revenue: Ken Research

The Global Sun Care Test Industry has reached significant growth in the past few years. The report emphasizes the latest market shares, revenues, and restraints of the industry. It signifies the data about the current trends and specifics of the market size of the industry. The report gives a bright light on the competitive strategies of the top key players in the industry. It gives an in-depth view of the regional and volumetric analysis of the different regions which include countries such as North America, South Korea, China, Japan, India, Germany, Australia, France, Italy, Argentina, and other regions of the world. The report discusses the current and future growth opportunities. Henceforth, the report studies the vital position of the industry in the market.

According to the research report, Global Sun Care Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery, says that the Sun care products market is generally segmented into three broad product types: Sun Protection Products, After Sun Products, and Self-Tanning Care Products. Sun care products are usually in Cream, Lotion, Gel, Powder, Wipes, Spray, or some other forms. rising awareness concerning the harmful effects of sun exposure on the skin among consumers is predicted to drive sales within the market. Additionally, the current, increasing incidence of skin-related disorders like star elastosis and skin cancer is underpinning the demand for effective sun care merchandise. Further, rising demand for organic care merchandise is anticipated to make opportunities for growth for market players. Brands are providing paraben-free care merchandise to cater to the growing demand, which is predicted to enhance the expansion within the market.

In 2021, the Global Sun Care Market was valued at USD million and is projected to reach a significant USD million in the worldwide markets by the end of 2028. It is expected to register a single-digit CAGR growth rate during the forecast period. In the competitive landscape in the urge to reach the heights of growth, the major grooming companies of the world which include Coty, Johnson & Johnson, Amway, Clarins Group, Unilever, Revlon, Beiersdorf, Avon Products, Estee Lauder, Shiseido, Proctor & Gamble, L'Oreal, And Lotus Herbals are imparting tremendous contributions to the market size of the sector are some of the prominent companies competing around the globe.

Asia Pacific region accounting for the highest market share is dominating the market and is expected to continue its dominance during the forecast period. The Sun Care market growth can be attributed to the increasing types of equipment spending, and the highly developed healthcare system in the US and Canada. Additionally, countries such as 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 increasing the healthcare spending from the region will further support the consumption of the Sun Care Test.

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COVID 19 has affected a slightly positive impact on the Global Sun Care Test. Due to many aspects, like flight cancellations, travel bans, and quarantines, restaurants closed all indoor or outdoor events were restricted. This led to a decrease in blood donations which declined the growth of the market.

The adoption of the Sun Care market in various products escorts the growth of the industry around the globe. The key company leaders make better decisions when currency exchange data is readily available. Besides providing information regarding key players in the Sun Care Market report recalibrates, the impact of macroeconomic and microeconomic factors has the potential to impact the growth of the sector.

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Challenges in Global Sun Care Products Market

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Important Role of Drip Irrigation System in Agriculture Industry: Ken Research

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The Drip Irrigation Systems Industry by Technology has grown significantly in the past few years as there is a huge demand over supply activities this report insights into the current market trends, revenues, shares, and Trend Outlook. 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 Europe, where it holds a dominating position in the Drip Irrigation Systems 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 Drip Irrigation Systems Market and some conclusions about the market at the end.

According to the research report, 2022-2027 Global and Regional Drip Irrigation Systems Industry Status and Prospects Professional Market Research Report Standard Version, says that the demand for Drip Irrigation Systems Industry significantly depends on the Agriculture sector where there is an increase in Drip Irrigation Systems Industry and a huge investment in workflow automation. Drip irrigation is also termed as tickle irrigation system which involves the dripping of the water to the crops on the soil at a very low rate of water. The system comprises small diameter pipes which have holes at a particular instance called drippers. Water is dripped very close to plants so that the water can reach their roots in the soil. Unlike the sprinkler water system which wet the soil surface at a faster rate. A drip irrigation system delivers water to the crop using a network of mainlines, sub-mains, and lateral lines with emission points spaced along their lengths. Unlike sprinklers, drip irrigation wets only the soil root zone. This may be very low as the volume of soil is wetted by other methods. The drip irrigation system is not a substitute for any other irrigation techniques but it’s only another way to apply water. Drip irrigation is suited to a place where land is steeply sloping and the water is available at a marginal quantity, also the crops need more continuous water like Orchard Crops, vegetables, Cash Crops, and many others. The advancement of automated technologies and many new upcoming initiatives taken by the government of various countries and the growth opportunities leads to comprehensive research of the entire Drip Irrigation System Market and gives an in-depth analysis of the segmented market. As there is high demand for Drip Irrigation System Market by Technology as they are capable to deliver the proper standard as per the norms.

In 2021, the Drip Irrigation System Market was valued at USD Billion and the total generated revenue is expected to grow from 2022-2027, and it is nearly growing at a significant height by the end of 2027 with a growth percentage of double-digit CAGR. Some key players operating in the market include Netafim, Jain Irrigation System, Lidsay, Toro, Euro drip, EPC, Driptech, Microjet, Rain Bird and Rivulus.

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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 Drip Irrigation System Market went for a steep curve of growth and create growth in the market.

However, the Drip Irrigation System Market impacts the overall market of upcoming technologies 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 Drip Irrigation System 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 going to create a huge impact on the market.

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Global Drip Irrigation Systems Market: Ken Research

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Global VPN Tools Market, Issues, Challenges, and Companies Revenue: Ken Research

VPN Tools Market has grown at a bit rate within the past few decades. The report insights into the market shares, revenues, and trends. It discusses the data assessments and specifics of the market size and also the business. The report signifies the trending branding assessments of the highest grooming firms around the globe. The report offers a bright lightweight to the regional and volumetrically analysis of various countries like China, Russia, Spain, France, Italy, the Republic of Korea, Australia, North America, and South America. It imparts the present and future potential opportunities for the business. The report delivers the intense scenes faced by the business throughout the COVID nineteen pandemic. Henceforth, the report examines the potential impact of the VPN Tools business on the world.

According to the research report, Global VPN Tools Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery, says that the VPN can be outlined as the simplest way to supply secure communication between members of a group through the employment of public telecommunication infrastructure, maintaining privacy through the employment of a tunneling protocol and security procedures. VPNs mask users’ web protocol (IP) addresses therefore their online actions are just about untraceable. VPN solutions & services establish secure and encrypted connections to supply larger privacy. VPNs provisioned using technologies, like Frame Relay and Asynchronous Transfer Mode (ATM) virtual circuits (VC), are on the market for an extended time. However, in the previous few years, scientific discipline and Multiprotocol Label shift (MPLS)-based VPNs became additional common. Additionally, an increase in knowledge security issues, a rise in advanced & advanced cyber threats, and an upsurge in usage of mobile & wireless devices among organizations are the main factors that fuel the expansion of the virtual personal network market.

In 2022, the VPN Tools business was valued at USD billion and was projected to succeed in a big USD billion within the worldwide markets by the tip of 2028. It is expected to grow by a single-digit CAGR throughout the forecast amount. Some of the major players operating in the market include CyberGhost, VyprVPN, OEM VPN Unlimited, NordVPN, Hide.me, Norton WiFi Privacy, ZenMate, Speedify, GooseVPN, Cisco AnyConnect, Perimeter 81, and ExpressVPN. Few other vendors have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

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North America accounted for the very best market share and is dominating the market and square measure expected to continue its dominance throughout the forecast amount. Additionally, countries like Europe (Germany, UK, France, Russia, and Spain); Asia-Pacific (China, Japan, Republic of Korea, and India); the center east and continent (UAE, Republic of South Africa, and Saudi Arabia); South America (Columbia, Brazil, and Argentina) and Australia square measure increasing the defrayal from the region can more support the consumption of the VPN Tools Sector.

The COVID 19the crisis has created a slightly negative impact on the Global VPN Tools Market Industry globally. Likewise, other industries, such as the VPN Tools Market have also gained losses during the pandemic. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations, travel bans and quarantines, restaurants closed all indoor or outdoor events restricted. This leads to making uncertainty in the market with the immense reduction of customers, and supply chains and hence causing unemployment.

However, the Global VPN Tools Industry impacts the overall market of advanced sensors 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 VPN Tools 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.

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OEM VPN Unlimited VPN Tools Market Revenue

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5 Key Insights on US$130 Bn Opportunity in Asia Pacific Commercial and Industrial Robots Market: Ken Research

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Driven By Skilled Labor Shortage, the Emergence of Smart Factories and an increase in Warehouse Automation the Commercial and Industrial Robots Market in the Asia Pacific is forecasted to cross US$130 Bn by 2027 says Ken Research Study

Undoubtedly, there is a growing prominence of robots in various commercial and industrial activities necessitated by multiple driving factors, apart from long-term objectives to enhance efficiency, quality, precision, and safety at workplaces. Further among all the regions, Asia Pacific is found to be the largest regional market for these robots. Ken Research shares 5 key insights on this high opportunity market from its latest research study.

According to Ken Research estimates, the Commercial and Industrial Robots Market – which grew from around US$35 Bn in 2017 to nearly US$50 Bn in 2021 – is expected to grow further into a more than US$130 Bn opportunity by 2027.

Asia Pacific Commercial and Industrial Robots Market witnessed notable growth Driven by The Adoption of Robotics Solutions in Many New End-User Segments Such as Education and Healthcare.

The Asia Pacific Commercial and Industrial Robots Market witnessed substantial growth despite a decline during 2019. The decline was primarily due to global economic slowdown and growth challenges within key End User industries such as Automotive, Electrical and Electronics, Metals and Machinery during the initial period of the COVID-19 pandemic that created disruptions in the entire supply chain. However, the market rebounded in 2021 and is forecast to cross $130 Bn by 2027 from ~ $50 Bn in 2021, witnessing a CAGR of ~17% during this period.

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The Asia Pacific has the Highest Industrial Robot Density in the World Owing to the Growth of Smart Factories and Major Manufacturing Countries in the Region have a Multifold Density Than the Global and Regional Average

The growing trend of Smart factories, with advanced digital production technologies such as artificial intelligence, machine learning, big data analytics, and IoT (internet of things) for efficient and effective manufacturing is a primary driver for the increased adoption of robots. Smart factory machinery constantly collects and shares data which can be further used to design preventive measures to avoid manufacturing shutdown.

According to the 2021 World Robot Statistics, issued by the International Federation of Robotics (IFR), the global average robot density in the manufacturing industry doubled to about 126 robots per 10,000 employees by 2020 from just 66 in 2015. Further, Asia’s average robot density is reported to be the highest among all regions and it had been growing by 18% CAGR since 2015 to 134 units per 10,000 employees in 2020. In addition, the average robot density of major Asian manufacturing countries is far higher than the global average as stated by the IFR report.

Extremely High Cost of Robots Deters Most Potential End User Companies Limiting Market Prospects

Despite the several advantages offered by robots within manufacturing and commercial activities, most potential end-user companies are unable to afford them owing to the very high costs of purchasing and installing them. Many companies struggle to invest such huge capital as these robots also need expert training and regular maintenance afterward. This severe challenge limits the much higher growth potential of the commercial and industrial robots market.

Articulated Robots Dominate Market Contributing Over Half of Revenue Share and They are Likely to Retain Dominance Even During Forecast Period

Among the product segments, Articulated Robots remained the dominant segment during the 2017-2021 period contributing over half of the market revenue share. Further the Research Study found that this segment is likely to retain dominance even by 2027. Their dominance is owing to the versatility offered through the many applications they can fulfill, including arc welding, material handling, assembly, part transfer, pick and place, packaging, machine loading, and palletizing among others. Further, their accuracy and style of arm movements closely mimic those of the human hand.

However, Field and Service Robots segment is expected to witness the fastest growth during the forecast period at about 22%. These robots are non-factory application-oriented mobile robots that have some mobility and are adopted usually in retail, hospitality, healthcare, warehouse, or distribution centers.

Few Diverse Global Players Dominate the Market Holding More than Half of Market Revenue Share Despite Presence of over 250 Competitors

The Asia Pacific Commercial and Industrial Robots industry is highly fragmented in nature with over 250 participants comprising global players (having presence in 2 or more continents), regional players (having presence in multiple countries within the Asia Pacific), and Country-Niche Players (presence limited to just 1 country or very niche presence in the value chain). Most of Country-Niche players are components & assembling suppliers. Some of these who successfully create application-specific solutions often get acquired by large global players seeking to grow & diversify quickly.

However, the Research study found that few diversified global players control a dominant share of the market, and a significant number of these players are headquartered within the Asia Pacific region, enabling its strong production and consumption balance.

Key Topics Covered in the Report: -

Snapshot of Asia Pacific Commercial and Industrial Robots Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of Asia Pacific Commercial and Industrial Robots Market
Historic Growth of Overall Asia Pacific Commercial and Industrial Robots Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Asia Pacific Commercial and Industrial Robots Market Industry
Overview, Product Offerings, and SWOT Analysis of Key Competitors
Covid 19 Impact on the Overall Asia Pacific Commercial and Industrial Robots Market
Future Market Forecast and Growth Rates of the Total Asia Pacific Commercial and Industrial Robots Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Commercial and Industrial Robots Market in Major Asia Pacific Countries
Major Production / Consumption Hubs in the Major Asia Pacific 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

Companies Mentioned in the Report: -

Major Competitors in Commercial and Industrial Robots Mentioned in the Report

- ABB
- Yaskawa Electric Corporation
- FANUC Corporation
- KUKA AG
- Kawasaki Heavy Industries Ltd
- Mitsubishi Electric Corporation
- Stäubli Robotics,
- Siasun
- Robostar
- OMRON
- iRobot
- Hyundai Robotics
- Daihen
- COMAU
- Seiko Epson
Notable Emerging Companies Mentioned in the Report

- Sugimoto robot (Shanghai) Automation Technology Co., Ltd.
- Jaka
- Xpeng Robotics
- TELEXISTENCE Inc
- Ascent Robotics
- PLEN Robotics
- LOUNGE'LAB Inc.
- Bitsensing
- Medipixel
- Accio Robotics
- Sastra Robotics Pvt Ltd
- Asimov Robotics
- Brain Navi Biotechnology
- Techman Robot

Time Period Captured in the Report: -

Historical Period: 2017-2021
Forecast Period: 2022-2027F

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

Robots Manufacturers
Commercial and Industrial Robots Manufacturers
Commercial and Industrial Robots Product Assemblers
Commercial and Industrial Robots Component suppliers
Raw Material Suppliers for Commercial and Industrial Robots
Potential Investors in Commercial and Industrial Robots Companies
Value Added Resellers of Robots
Industrial OEMs of Commercial and Industrial Robots
Industrial Automation Solutions Providers
Robotics Industry Associations
Robotics Research Groups
Government Ministries of Electronics
Government Ministries of Heavy Industries
Regulatory Organizations for Robots
Consulting Companies in Commercial and Industrial Robots

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

Asia Pacific Commercial Robots Market Analysis

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Top International Market Research Companies: Ken Research

As one of the leading Market Research Company India, we clearly know more than anybody the importance of knowing where you stand in relation to your market and competition. In order to be competitive when customers choose you over other companies, you need to understand what they desire and how to best offer them. By giving knowledge on the market, competitors, products, marketing, and customers, market research aids in business decision-making. Making informed judgments will help in the development of a successful marketing strategy. Although these aspects may assist a business's more important tasks, it is the only approach that provides owners with the focused, sector-specific knowledge they need to make really strategic business decisions.

We at Ken Research believe that a business' marketing plan needs a solid base derived from strategic analysis and investigation. The first step in the approach taken by the Best Market Research Consultants In India, like Ken Research, is to gain a clear grasp of who you are, what you provide, and why potential customers should choose you over your rivals. This information points us in the right direction and gives us a rationale for why campaigns and marketing materials need to be modified in order to successfully target audiences. For businesses to use the data to chart new courses, change tactics, and gain from customer-centric business decisions, cutting-edge and proactive research is crucial.

Benefits of Impacts of Services by The Market Research Agency in India

To create a successful marketing plan for your firm, our marketers will conduct a thorough analysis of your enterprise, your proposals, your competitors, and the market. The following are some advantages of using our market study and analysis services:

Ken Research analysts have a deeper understanding of your industry's opportunities.
We have a better grasp of your position in relation to your competitors and of business opportunities.
In order to approach your marketing with greater strategic intent, we optimize market research and analysis.
A better comprehension of your intended audience as well as how to connect with them meaningfully by highlighting your unique selling proposition.
With our help, you may outrank your competition in search engine results by analyzing your market and making necessary changes to your website's messaging to attract more leads.
Marketing choices that are better informed and based on useful information.

What Top International Market Research Companies Should Be Able to Help You with?

Simple integration of professional networks from all the major industries.
Significant cost savings while gaining business intelligence.
A thorough examination of the B2C and B2B sectors.
A significant internal consumer, executive, and decision-maker database as well as a sizable external B2B database.
The distribution of client surveys and several other efforts that gather information other than the obvious answers in order to construct rich scenarios.

Additionally, business market research conducted by a Market Research Company in India would move your organization one step closer to your intended client. You'll have a better understanding of their personalities, demographics, and needs. As a result of this understanding, you will be working on the crucial components of creating actual solutions to the needs and wishes of your customers. Understanding these impacts will enable you to satisfy your customers. These types of questions can be answered practically through research. Therefore, it makes sense that companies that conduct consistent market research frequently have a real competitive advantage.

The market research consulting firms assist you in clearly understanding the target industry by analyzing data and gaining valuable insights into the market condition. It gives business owners a comprehensive understanding of the market by gathering information from the ground up. Understanding your market will help you create a successful promotional program to connect to potential clients. Understanding your market will enable you to develop and launch products that will be able to meet its needs. More importantly, conducting market research allows you to thoroughly understand the market segments of your clients.

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5 Key Insights on US$160 Billion Opportunity in Europe Electric Powertrain Market: Ken Research

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Driven by Incentivizing Government Policies, Rising Concerns over Environment, and Surging Fuel Prices the Electric Powertrain Market in Europe is forecasted to cross US$160 Bn by 2027 says Ken Research Study.

Electric Powertrain forms the structural core of an Electric Vehicle. In the European Union countries, the thrust towards a shift from traditional ICE vehicles to Electric Vehicles is very high and enjoys the direct sponsorship of national governments in the form of subsidies, thereby driving the Electric Powertrain market. Moreover, the reduced price of EV batteries is also expected to boost the market. However, the region requires a more robust charging station infrastructure that will be uniformly distributed throughout the region.

1. Electric Vehicles Share in Europe’s New Car Registrations Has Seen Phenomenal Growth of almost 10 times between 2017 and 2021

Analysis of the available new car registration numbers in the EU shows a significant shift towards EVs from ICEs. In 2017, more than 11.9 million new ICE cars were registered in the EU market. In comparison, the number of new Electric Vehicles registered was significantly low at about 0.53 million including HEVs, BEVs, and PHEVs. However, by 2021 the number of new ICE cars registered came down to around 6.1 million while the number of new Electric Vehicles registered went up to more than 3.7 million. This translated into a jump in the share of Electric Vehicles within total new car registrations from just ~4% in 2017 to ~38% in 2021.

2. Concerted Efforts by the European Union to Reduce Net Greenhouse Gas Emissions by ~ 50% between 2000 and 2030 have resulted in an Exponential Surge in EV Sales and the Demand for Electric Powertrains

The European Union wants to ensure that there is no net emission of Greenhouse gases by 2050. The European Green Deal is at the center of this mission, which has gained further traction since the COVID-19 pandemic broke out. The Green Deal has been earmarked with an allocation of one-third of the 1.8 trillion Euro investments from the NextGenerationEU Recovery Plan. Moreover, it will also be financed by a separate EU budget, spanning over seven years. The short-term mission of the EU in achieving its goal is to bring down net greenhouse gas emissions by almost 50% by 2030, compared to 2000 levels.

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3. Lack of Uniform Distribution of Charging Station Infrastructure across the European Union, 70% share concentrated in just 3 countries, May Restrict the Growth of the Electric Powertrain Market

One of the key challenges for the Electric Powertrain industry found in the research study is that the Electric Vehicle charging infrastructure within the region is still heavily concentrated within a select few countries. Unless other countries ramp up their charging infrastructure, there may be a stagnation in EV sales and the demand for Electric Powertrains. As of Mid-2021, nearly 70% of all charging stations within Europe were concentrated in just three countries - the Netherlands (66,665), France (45,751), and Germany (44,538).

4. The Electric Powertrain Cost is expected to Witness a Major Drop by 2030 from 2020 Levels, Owing to Declining Component Prices, Especially That of Batteries by ~ 46% and others by ~ 10%

A major factor favouring the growth of Electric Powertrain demand in Europe as found in the analysis of available number is the significant drop in the cost to build an Electric Vehicle, owing to a major decline in the most significant component of the set-up, the battery. Between 2020 and 2030, the cost of batteries in a European compact-class BEV is projected to come down by ~ 46% from around 8,000 Euros to 4,300 Euros.

5. European Countries Offer Significantly High Subsidies on EV Purchase When Compared with Other Major EV Promoting Countries like China

Subsidies provided by the EU countries for BEV purchase were already substantially high. As per the insights found from International Energy Association statistics, as of 2020 major European countries like Germany and France reportedly offer more than double the subsidies offered by China which are leading EV production as well as aggressively promoting their adoption within the domestic market. Further, over and above the amount mentioned below, these countries decided to offer additional subsidies in 2020.

Key Segments Covered in Europe Electric Powertrain Market: -

Europe Electric Powertrain Market by Component

- Motor/Generator
- Battery
- Battery Management System (BMS)
- Thermal Management System
- DC/AC Converter
- DC/DC Converter
- Body Control Module
- On-Board Charger
Europe Electric Powertrain Market by EV Type

- HEV
- PHEV
- BEV
Europe Electric Powertrain Market by Powertrain Type

- BEV Powertrain
- Series Hybrid Powertrain
- Parallel Hybrid Powertrain
- Series-Parallel Hybrid Powertrain
Europe Electric Powertrain Market by Vehicle Type

- Passenger Cars
- Commercial Vehicles
Europe Electric Powertrain Market by Geography

- Germany
- France
- United Kingdom
- Netherlands
- Sweden
- Rest of Europe (Belgium, Italy, Denmark, Norway, Finland, Portugal, Spain, Austria, Romania and Others)

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Key Topics Covered in the Report: -

Snapshot of Europe Electric Powertrain Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Europe Electric Powertrain Market
Historic Growth of Overall Europe Electric Powertrain Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Europe Electric Powertrain Industry
Overview, Product Offerings, and SWOT Analysis of Key Competitors
Covid 19 Impact on the Overall Europe Electric Powertrain Market
Future Market Forecast and Growth Rates of the Total Europe Electric Powertrain Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Electric Powertrain 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

Companies Mentioned in the Report: -

Major Competitors in Electric Powertrain Mentioned in the Report

- Bosch
- Magna
- Denso
- BorgWarner
- AISIN
- MAHLE
- Continental AG
- Dana
- Cummins
- ZF
- Mitsubishi
- Eaton
- Tesla
- Siemens
- AVL
- Hitachi Astemo, Ltd.
- Infineon Technologies AG
- Hanon Systems
Notable Emerging Companies Mentioned in the Report

- BWS e-Mobility
- Vitesco Technology
- Voltabox AG
- EV Europe
- Smesh-E-Axle
- Energy Storage Solutions
- Advanced Electric Machines
- Faradion
- Britishvolt
- Northvolt AB
- Einride
- Voltatrucks
- Raydiall Automotive
- Verkor
- Nawa Technologies

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022-2027F

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

Electric Powertrain Manufacturer Companies
Electric Powertrain Distributors
Electric Powertrain Component Suppliers
Potential Investors in Electric Powertrain Companies
Electric Mobility Association
Electric Vehicle Charging Sector Organizations
Automobile Companies
Battery Equipment Companies
Automotive Research & Development Institutes
Government Departments of Transportation
Ministries of Clean Energy
Ministries of Automotive Industry
Environment Control and Emission Regulatory Organizations
Consulting Companies in the electric mobility sector
BEV and Hybrid Powertrain Manufacturers
Transportation Industry Regulatory Organizations
Renewable Energy Research Organizations
Electric Vehicle Industry Investment Funds/Banks

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

Europe Electric Powertrain Market Analysis

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

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Expansion of the Digital Scent Technology Market Outlook: Ken Research

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Digital scent technology also known as olfactory technology is a section of engineering that aims to represent different scents in digital format, thus enhancing the experiences of its users while consuming digital media like motion pictures, video games, virtual reality, extended reality, web pages, and music. Olfactometers and electronic noses are the devices used in the detection and measurement of smells.

According to the research report, ‘Digital Scent Technology Market: Current Analysis and Forecast (2021-2027)’, states that Electronics Sensor Technology Inc., ScentSational Technologies LLC, Smiths Detection Group Ltd., Odotech Inc., AIRSENSE Analytics GmbH, The eNose Company, Scentcom Ltd., AMS AG, Stratuscent Inc., and AerNos Inc. are some of the prominent players in the global Digital Scent Technology industry. The report puts forward a methodical analysis 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 Digital Scent Technology industry is fragmented into different segments which are discussed below:

On the basis of hardware, the market is split into – e-nose and scent synthesizers. The e-nose segment dominates the market and this trend is expected to be seen during the review period as it is the most favored hardware across several industries like military & defense, healthcare, and food & beverages.

On the basis of application, the industry is divided into - medical, entertainment, food & beverage, and others. The medical segment holds the highest share globally and is anticipated to prosper at the same rate during the forecast period. This segment offers diverse areas of applications such as medical diagnosis, patient treatment selection, metabolic disorders nutritional status, and other applications.

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Further, the report contains an assessment of the market type by region concentrating on its sales, sales volume & revenue forecast. The regions covered during the research are - North America (US, Canada, and the Rest of North America), Europe (Germany, France, Spain, the UK, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea Rest of APAC), Rest of the World. Based on this, the report identifies North America as the leading player in the global digital scent technology market due to the presence of several chief players in the region, along with the rising interest of consumers in adopting the services.

In addition to that, a comprehensive 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, and many more. It also analyses the research methodology and assumptions through various functional and analytical methods. The report also discusses several growth drivers, challenges, and restraints of the market.

In the upcoming years, the Global Digital Scent Technology industry will continue to thrive 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 2021-2027. Growing awareness of odor pollution and increasing applications of e-noses are some of the key factors driving the industry.

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Global Digital Scent Technology Market: Ken Research

Related Report:-

Digital Scent Technology Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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Tuesday, September 27, 2022

Ken’s Report on Data Monetization Market- Forecasts, Trends and Much More!

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Data monetization is the process of exploiting data for economic benefit and revenue generation. There are generally two methods of using data - Internal and External.

According to the research report, ‘Data Monetization Market: Current Analysis and Forecast (2021-2027)’, states that SAP SE, Microsoft Corporation, Qlik Tech International AB, TIBCO Software Inc., Oracle Corporation, Sisense Inc., Salesforce Inc., Accenture PLC, Virtusa Corp., and Infosys Limited are some of the significant players prevailing in this highly competitive industry. The consolidated report identifies different criteria through which the companies mentioned above exist and compete against each other. Some of the parameters are - a company overview, Production Capacity, Revenue, Key business offerings, financial performance, Risk analysis, recent developments, regional presence, and SWOT analysis.

Based on a careful examination of several aspects, the report is bifurcated into various segments and discussed below: -

On the basis of components, the market includes - software and service among which the software segment occupies the highest share in the industry and is anticipated to witness the same trend in the near future as software is the core component needed for any business.

On the basis of data type, the market covers - customer data, financial data, and others. The customer data segment dominates the global market as consumer information is of strategic importance for the development of businesses around the world.

On the basis of deployment, the industry covers – cloud and on-premises. The on-premises segment is the most preferable and holds a major share in the global market since privacy and security of confidential data are of prime concern for any business.

Based on organization size, the industry is divided into - large enterprises and SMEs in which large enterprises account for a considerable share globally due to the rising interest of enterprises to invest in emerging technologies.

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Based on industry, the sectors are – banking and financial services, information and communication technology, education, healthcare, retail and e-commerce, and others. The evolution and expansion of communication technologies is a prime factor responsible for the emergence of the information and communication technology segment as the market leader.

Adding on, the report contains an assessment of the market type by region concentrating on its sales, sales volume & revenue forecast. The regions mentioned are - North America (US, Canada, and Rest of North America), Europe (Germany, France, Spain, the UK, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea Rest of APAC), Rest of the World. The growth potential of the APAC region is the highest and is thus expected to generate maximum revenue during the review period.

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, application details, market features, restraints, regional and industry wise investment opportunities and much more.

In the forthcoming years, the Data Monetization Market will prosper and is anticipated to increase at a substantial rate in terms of revenue in USD million by the end of the year 2027 at a double-digit CAGR during the evaluation period (2021-2027). This is because of factors like industries resorting to data-based solutions for critical decision-making, application of AI and many more.

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Global Data Monetization Market: Ken Research

Related Report:-

Global Data Monetization Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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Ankur Gupta, Head Marketing & Communications

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