Thursday, November 10, 2022

KSA Facility Management Market Size, Forecast, Revenue & Outlook to 2026F: Ken Research

 The report KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the countryprovides a comprehensive analysis of the Facility management market in KSA. The report covers overview and genesis of the industry, service wise market size; market segmentations; analysis on facility management market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in KSA. The report concludes with future market projections of each service segmentation and Analyst recommendations to win the Facility Management Market in KSA.

KSA Facility Management Market

Facility Management Overview:

Although, the pandemic has affected almost all sectors, yet the facility sector was able to withstand the strike in this period. Rise in real estate market with $155 Bn in market share in 2021, also under Vision 2030, the government has introduced several mega projects like NEOM, The Red Sea etc. comprising of many luxury hotels, thus creating a positive impact in terms of boosting tourism and increasing demand in the hospitality sector. Saudi Arabia aspires to become a significant tourist destination by 2030, with tourism capital expenditure estimated to exceed SAR 200 Bn ($54Bn) in the next ten years. All of these different sectors and projects are directly affecting the facility management sector in KSA.

KSA Facility Management Market Overview:

Demand for facility management services was driven by commercial and real estate expansion, rising awareness among the clients regarding importance of maintenance services for sustainable buildings. The market continues to be attractive because higher competition, leading to greater scrutiny of contracts, contract renewals and customized contracts. Market growth rate was slowed down during covid-19 due to closure of various commercial buildings and restriction but in 2021 industry bounced back with increased demand for cleanliness sanitisation and other services.

KSA Facility Management Segmentations

By Types of Service:

The Facility Management Companies are adopting new technology to automate the various hard and soft services for faster and high-quality service delivery and less reliance of manual labor.

By Types of Soft Service:

Growth in the residential sector as a 23.3% gain in the total value of agreements in 2021, a rise in the hospitality and construction sectors have surged the demand for housekeeping services in the Kingdom.

By Types of Hard Service:

Due to the hot climatic conditions and global warming, the HVAC repair and maintenance segment has expanded at a higher rate in the country.

By Service Type:

An increase in the outsourcing of services has spiked the demand for Integrated services, small scale companies usually opt for single and bundled services, while large scale companies opt for Integrated services.

By End User Sector:

The commercial sector generates the highest demand both for soft and hard services.

In recent years, the Government has started outsourcing the facility management services for airports, hospitals and other infrastructure projects. There was a boom in the residential sector as a result of increased immigration, government effort for affordable housing and cascading effects from an increase in business activities. The industrial sector mostly prefers to employ in-house repair and maintenance services.

By Personnel Type:

Facility management companies are more dependent on hiring outsourced personnel as per project requirement.

To avail the benefits of economy of scale and flexility in permanent workforce, service providers have higher dependence on outsource personnel. Other benefits of outsourcing services are cost effectiveness, easy availability of on demand workers.

Competition Scenario in KSA Facility Management Market

The competition in Facility Management market was observed to be moderately fragmented in KSA. Al Yamama is the market leader owing to most market share and clients. The KSA Facility Management Market also includes other major players like Zahran Operations & Maintenance, Zamil Operations and Maintenance, Almaja G4sl Facility Management and more. Manufacturers are more focused on restoring to cost reduction techniques, mergers and acquisitions and adopting newer technologies to provide greater services.

Ksa Facility Management Market Future Outlook and Projections

KSA Facility Management Market is expected to grow CAGR ~ in 2016-2026F with robust revenue hike during 2022F-2026F. Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion will be supporting factor for commercial facility management services revenue. Residential units would be a major booming segment to focus on due to the rising younger population, ex-pats, government-sponsored affordable housing programs to the poor population.

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Time Period Captured in the Report:

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

Companies Covered:

  • Al Yamama
  • Aljahrary Overseas
  • Zahran Operations & Maintenance
  • Zamil Operations and Maintenance
  • Almaja G4sl Facility Management
  • Initial Saudi
  • Safari
  • ENOVA
  • Nesma United
  • Alborj Facility Managment
  • Khidmaah
  • Saudi Emcor (EFS)
  • Musanadah Facilities Management (MFM) 
  • El Seif (ESOM)

Key Topics Covered in the Report

  • Saudi Arabia Real Estate Market Overview, 2021
  • Major Real Estate Giga Projects in Saudi Arabia
  • Saudi Arabia Facility Management Market Ecosystem
  • Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
  • Value Chain & Vendor Selection Process of KSA Facility Management Market
  • Business Acquisition Process in Saudi Arabia Facility Management Market
  • Saudi Arabia Facility Management Market Size, 2021
  • Saudi Arabia Facility Management Market Segmentation, 2021
  • SWOT Analysis of Saudi Arabia Facility Management Market
  • Key Growth Drivers in Facility Management Market in Saudi Arabia
  • Trends and Developments in Saudi Arabia Facility Management Market
  • Major Challenges Faced by the Saudi Arabia Facility Management Market
  • Competition Framework for Saudi Arabia Facility Management Market
  • Future Outlook and Projections of the Industry, 2021-2026F
  • Market Opportunities and Analyst Recommendations

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

KSA Facility Management Market Outlook to 2026F: Ken Research

Related Reports:

Qatar Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure

Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)

Vietnam Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)

Vietnam Auto Finance Market Analysis, Size, Challenges and Outlook to 2026: Ken Research

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Market Insight

The report Vietnam Auto Finance Market Outlook to 2026F- Driven by digital penetration and dominance of banks along with a shift in consumer preference from 2W to 4W. “Provides a comprehensive analysis of the Auto Finance market in Vietnam. The report covers an overview and genesis of the industry, auto finance market size; market segmentations; analysis of the auto finance market; trends and developments, issues and challenges, and comparative landscape including market shares of major companies, competition scenario, cross-comparison and cost sheet of major market players in Vietnam. The report concludes with future market projections of each segmentation and Analyst recommendations to win the Auto Finance Market in Vietnam.

Vietnam Automotive Overview

Although the pandemic has affected almost all sectors, the automotive sector was one of the worst hits among all the other sectors. The impact of COVID-19 dampened the demand for new vehicles, with a serious decrease in new vehicle sales, with 33% lower sales than in 2019. The lack of capital investment and requisite experience and technology to manufacture components considerably hamper Vietnam’s automotive industry. Vietnam imported $1.4 Mn and exported $0.1 Mn vehicles, making it a heavy importing country for vehicles in 2021.How Is Auto Finance Market Positioned In Vietnam?

Vietnam Auto Finance Market Overview:

The Pandemic has resulted in the slow growth of Auto Finance where Vietnamese preferred to own a private vehicle to avoid public transportation. The Vietnamese Government has also decided on a motorbike ban after 2030 to reduce traffic congestion and emissions. The market has also seen a shortage of semiconductor chips which has dropped the market growth rate from 2019 to 2021. Also, with the growing purchasing power of the middle class, the number of customers buying a passenger vehicle increased due to its status symbol. The economy is also flourishing with Foreign Direct Investments (FDI) as the driving force where the total registered FDI inflow was $ 38.8 Bn in 2021.

Vietnam Auto Finance Market Segmentations

By Type of Vehicle Financed:

Technology disruption in the economy has boosted the auto finance industry via mobile or web-based platforms that allow easy viewing, comparisons of price, time period offered and applying for different loan services available.

By Tenure of New and Used Vehicles: People in Vietnam switch their cars every 4-5 years and hence, majority of auto loans are taken for a duration of more than 3 years.

By Type of Motor Vehicle: Commercial Vehicles are used for service purposes, especially for migrants who do not own a car to commute. Vietnamese prefer commercial vehicles for long-distance travel as it offers a cheaper fare.

vietnam-auto-finance-market

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By Type of Passenger Vehicle: The Government of Vietnam has decided to ban 2w/ motorcycles by 2030. The decision is motivated by the fact that the middle class is growing and will be able to buy cars.

By Type of Commercial Vehicle: Vietnamese preferred owning a private vehicle, especially LCV’s due to personal choice along with long servicing life and fuel efficiency of the vehicle.

By Type of Lenders: Banks hold the majority of auto financing, however, there is a recent trend towards non-banking financial institutions in Vietnam.

By Type of Lending Bank: Vietnamese prefer lending from government banks/ institutions as the interest rate policies are more transparent in public sector banks than private banks.

Competition Scenario In Vietnam Auto Finance Market

The competition in the Auto Finance market was observed to be a moderately consolidated market in Vietnam. VIB is the market leader owing to the most market share and clients. The Vietnam Auto Finance Industry also includes other major players like Toyota Financial Services, TP Bank, VP Bank, Vietin Bank, and more. Companies are striving to adopt higher technological advancements to improve operational profits along with a rich customer experience.

Vietnam Auto Finance Market Future Outlook and Projections

Vietnam Auto Finance Market is expected to grow CAGR ~ in 2016-2026F with a robust revenue hike during 2022F-2026F. Digitalization in Vietnam is anticipated to rise in the future which will lead to an increase in the Auto Finance market with multiple offline and e-platform players entering the market. Also, the increase in the population and growing income levels leading to rising in sales of cars is expected to drive the rise in Auto Outstanding Loans in Vietnam. Used Vehicles are more likely to be purchased by the bourgeois as they are usually cheaper with less insurance coverage compared to the new vehicles. The Vietnam government has proposed a regulation wherein the import of used vehicles older than 5 years has been discontinued which is expected to boost the sales of domestically produced used vehicles in the future. A similar trend where post the pandemic, Vietnamese have been preferring to own a private vehicle to avoid public transportation is anticipated to occur. Banks and other financial institutions are putting their best effort into promoting their consumer finance products and increasing finance penetration in the future. The accessibility to finance is expected to grow with an increase in the number of multi-finance companies which will further increase the share of auto finance companies in the country.

Key Segments Covered: -

Vietnam Auto Finance:

By Type of Vehicle financed

New

Used

By Tenure:

1 year

2 years

3 years and more

By Type of Motor Vehicle:

Commercial

Passenger

By type of commercial motor Vehicle:

LMV

MCV

HCV

By Type of passenger motor vehicle

2W

3W

4W

By Type of Lender:

Banks

OEMs/Captives

NBFC

By Type of Lending Bank:

Government

Private

Key Target Audience

Vietnam Auto Industries

Government Bodies & Regulating Authorities

Financial Institutions

Manufacturing Companies

Automobile Distributors

Automobile Dealers and Associations

Investors & Venture Capital Firms

Time Period Captured in the Report:

Historical Year: 2016-2021

Base Year: 2021

Forecast Period: 2022F– 2026F

Major Banks:

Bank for Investment & Development

Vietcom Bank

Sacom Bank

Techcom Bank

Shinhan Bank

Vietnam International Commercial Joint Stock Bank

Vietin Bank

Tien Phong Bank

Woori Bank

Key Topics Covered in the Report

Vietnam Automotive Industry Overview

Vietnam’s Online Auto Finance Market Ecosystem

Business Cycle, Genesis, and Timeline of Vietnam Online Auto Finance Market

Vietnam Auto Finance Value Chain Analysis

Vietnam Auto Finance Market Size, 2021

Vietnam Auto Finance Market Segmentation (by Type of Vehicle Financed, by Type of Motor Vehicle, by Type of Passenger Vehicle, by Type of Commercial Vehicle, by Type of Lenders, by Type of Lending Banks, by Tenure of New and Old Vehicles), 2021

SWOT Analysis of Vietnam Auto Finance Market

Government Regulations of Vietnam Auto Finance Market

Trends and Developments of Vietnam Auto Finance Market

Decision Making Parameter for Selecting Car Loan Vendor

Issues and Challenges in Vietnam Auto Finance Market

Customer Analysis of Auto Finance Market in Vietnam

Competition Overview of Auto Finance Market in Vietnam

Future Outlook and Projections of Auto Finance Market in Vietnam, 2021-2026F

Impact of COVID-19 on Auto Finance Market in Vietnam

Analyst Recommendations for Online Auto- Finance Market in Vietnam

For more insights on the market intelligence, refer to the link below: -

Vietnam Auto Finance Market Analysis

Related Reports by Ken Research: -

Singapore Auto Finance Market

Thailand Auto Finance Market

Philippines Auto Finance Market

KSA Buy Now Pay Later Market Outlook to 2027: Ken Research

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How BNPL Market is positioned in KSA?

The report titled KSA Buy Now Pay Later Market Outlook to 2027- Driven by digitalization, government support as a part of Saudi vision 2030 increasing Genz & millennials population due to influx of expatriates coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research provides a comprehensive analysis of the potential of KSA BNPL Industry. The report also covers overview and genesis of the industry, market size in terms of revenue generated, number of transactions and average order value; market segmentation by, by type of end users, By Age Group of Consumers; challenges and bottlenecks, growth enablers and drivers; regulatory framework; competitive landscape including competition scenario, market shares of major operators - Cross Comparison of BNPL players on major decision making parameters for brand preference. The report concludes with future market projections of each segmentation.

KSA BNPL market overview

BNPL services serve a huge need in Middle East and North Africa (MENA) region. This is iterated to the fact that there was an exponential inflection point in Ecommerce adoption that happened in the last 12 months in the region, where eCommerce penetration was previously lower than other parts of the world but is now slated to become one of the most penetrated regions globally.

Market Overview of Buy Now Pay Later Industry in KSA

Buy now, pay later (BNPL) arrangements are becoming increasingly popular in Saudi Arabia, a trend that has been fuelled by the e-commerce boom and embraced by the country’s youth, tech-savvy population eager to adopt what they feel is a more convenient and transparent way to finance purchases.

During the LEAP tech conference held recently in Riyadh, global payment solutions provider Checkout.com shared findings from a survey of Saudi consumers it conducted in partnership with YouGov, and shared key growth metrics, outlining the rapid expansion of Saudi Arabia’s e-commerce market, and rising eagerness from the public to use BNPL products.

Trends perceived by Checkout.com have also been witnessed by other payment services providers. Tamara, a Saudi BNPL platform, was launched just a little over a year ago and is already seeing massive traction.

Checkout.com, which provides merchants with online payment options, said every sector of the Saudi economy for business-to-consumer (B2C) goods and services saw increased digital spending in 2021. Nearly half (48%) of Saudi consumers plan to spend even more on e-commerce in the next 12 months, with 40% citing the opportunity for cross-border shopping as a key reason why they now shop online.

The company observed changing payment preferences, with 55% of Saudi Arabian consumers indicating having used BNPL payment methods such as Tamara in 2021. A further 27% said they have not yet used BNPL but intend to do so in 2022.

Booming BNPL adoption is part of the broader digital shift that’s been ongoing. At the LEAP conference, Checkout.com founder and CEO Guillaume Pousaz said the company has seen a 470% increase in its own transaction volumes in Saudi Arabia since 2019, “a testament to just how fast the Kingdom’s digital economy is expanding,” the company said in a statement.

ksa-buy-now-pay-later-market

Key Segments Covered in KSA BNPL Market:-

Market Size of Buy Now Pay Later in KSA

on the basis of Revenue, 2019-2022P

on the basis of Number of Transactions, 2019-2022P

on the basis of Average Order Value, 2019-2022P

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Market Segmentation By mode of payment

Online

Offline

Market Segmentation By end user

Ecommerce Giants

Physical Retailers

Travel and entertainment Merchants

Food Merchants

Market Segmentation By age group:

Below 24

24-36

36-50

Above 50

Key Target Audience:-

Bankers and associations

Government associations

Corporates

Investment firms

Government Bodies & Regulating Authorities

Fintech companies

Venture capitalists

Time Period Captured in the Report:-

Historical Year: 2019-2021

Base Year: 2022

Forecast Period: 2023– 2027F

Companies Covered:-

Tabby

Spotii

Tamara

Cashew

PostPay

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

KSA Buy Now Pay Later Industry

Related Reports:-

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

3 Key Insights on Competitive Landscape in the Global Hard Seltzer Market: Ken Research

Regional Players Dominate the Market Holding nearly 50% of Revenue Share despite the Presence of about 150 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Hard Seltzer Market by Ken Research.

Hard Seltzer, also known as spiked seltzer, hard sparkling water, and alcoholic seltzer, is a blend of carbonated water, fruit flavoring, and alcohol. The flavors differ from brand to brand and from basic flavors like lime, black cherry, ruby grapefruit, and others to more elevated flavors such as lemon agave hibiscus, cucumber peach, melon basil, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Regional players comprise ~55% of the Total Number of Competitors and hold ~50% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Hard Seltzer Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the Hard Seltzer Market. The global players comprise ~10% in terms of the number of companies and hold about 30% of the market share. Key players in the market are focused on introducing unique flavored hard seltzer drinks and are engaged in promoting their products on social media to gain significant market share.

Global Hard Seltzer Market

Leading Players are Engaged in Collaboration to Expand its Hard Seltzer Business

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Anheuser-Busch InBev, White Claw Seltzer, and BON V!V among others are highly focused on strategic developments such as product launch, expansion, collaboration, investments, and others. Furthermore, hard seltzer brands are partnering to expand their business and are also engaged in promotion activities of hard seltzer products by collaborating with big celebrities and other social media influencers, which is expected to boost the growth of the Global Hard Seltzer Market.

  • In May 2021, BON V!V and the brand’s creative advisor Priyanka Chopra Jonas launched Raspberry Dragonfruit Hard Seltzer. The new product is a premium and unique flavored combination that contains zero grams of sugar and has a refreshing taste. The product comes in new sleek metal packaging and with Priyanka Chopra Jonas’ signature. The company aimed to enhance its product portfolio.
  • In April 2021, Corona Seltzer partnered with FaZe Clan, a popular esports and entertainment organization, to help fans and gamers of all skill levels to unlock the new experience. The partnership aimed to introduce a national gaming tournament, create unique branded content, and introduce new experiences for fans and gamers aged above 21. Corona Seltzer aimed to educate fans and gamers about the legal drinking age.

Worldwide Hard Seltzer Market

Increased Manufacturers Initiatives Promote Hard Seltzer Market Growth and Development

  • In January 2022, Wild Drum, an Indian hard-seltzers brand introduced a low-calorie, vegan, and gluten-free hard seltzer beverage in four flavors namely Mango, Lemon-Mint, Pure, and Peach. The drink was prepared with clear carbonated water, alcohol, and natural fruit flavorings and has less than 99 calories per serving. The company aimed to fulfill the demand for health-conscious consumers, the vegan population, and others.
  • In February 2021, Anheuser-Busch InBev invested US$ 1 billion in its USA manufacturing facility of hard seltzer to increase production. The company aimed to increase production to fulfill the demand for hard seltzer among consumers as it is perceived to be a healthier drink in comparison to beer. The company is focusing on ramping up the production as well as the marketing of the drinks.

Key Topics Covered in the Report: -

Snapshot of the Global Hard Seltzer Market

Industry Value Chain and Ecosystem Analysis of the Hard Seltzer Market

Market size and Segmentation of the Global Hard Seltzer Market

Historic Growth of the Overall Global Hard Seltzer Market and Segments

Competition Scenario of the Hard Seltzer Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Hard Seltzer Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Hard Seltzer Market

Future Market Forecast and Growth Rates of the Global Hard Seltzer Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Hard Seltzer Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Hard Seltzer Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

To learn more about this report, request a free sample copy

Major Companies Mentioned in the Report

Anheuser-Busch InBev

White Claw Seltzer

The Boston Beer Company

San Juan Seltzer

Hard Seltzer Beverage Company, LLC

BON V!V

THE SMIRNOFF CO.

Blitz-Weinhard Brewing Company

Molson Coors Beverage Company

Corona Seltzer

Notable Emerging Companies Mentioned in the Report

Heineken

Pursue Hard Seltzer

Sonic Hard Beverages

The Coca-Cola Company

Mode

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

Hard Seltzer Producers

Spiked Seltzer Producers

Alcoholic Beverages Manufacturers

Hard Sparkling Water Manufacturers

Alcoholic Beverages Companies

Carbonated Drinks Companies

Suppliers of Packaging Materials (Suppliers of Bottles, Corks)

Food Regulatory Authorities

Alcoholic Beverages Regulatory Authorities

Government Ministries and Departments of Alcoholic Beverages

Investment Banks and PE Firms Focused on Alcoholic Beverages Industry

Potential Entrants into Alcoholic Beverages Industry

Beverages Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Alcoholic Beverages Sector

Investors in Hard Seltzer Start-ups

Investors in Alcoholic Beverages Start-ups

Environmental Regulatory Bodies

Packaging Equipment Manufacturers

Government & Food Safety Regulations

Caffeine Producers

Sweetener Producers

F&B Marketing Agencies

Government Departments for Food Standards

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

Global Hard Seltzer Market Analysis

Qatar Auto Finance Market Size, Growth Rate, Forecast, Revenue & Outlook to 2026F: Ken Research

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The report Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low Interest Rate in The Country by Ken Research provides a comprehensive analysis of the potential of Auto Finance industry in Qatar. The report also covers an overview and genesis of the industry, market size in terms of credit disbursed; market segmentation by types vehicle financed, by tenure for new and used vehicles, types of lenders, by types of commercial and passenger vehicles; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Qatar Auto Finance Market Outlook

Qatar Automotive Overview

Qatar does not manufacture and export motor vehicles itself, however they do re-export motor vehicles. Qatar majorly exports vehicles from Japan, Germany and USA.

In 2019, Qatar re-exported $ ~ Mn worth of Motor Vehicles. Electric vehicle (EV) adoption is still at an early stage, but Qatar is taking serious steps towards electrification. It aims to have ~% of Qatar’s public transit bus fleet from gasoline to electric by 2022. Qatar has automotive investments in several countries, including bus production in Oman and vehicle production in Turkey.  The Qatar Investment Authority also owns a stake in German carmaker, Volkswagen

How Is Auto Finance Market Positioned In Qatar?

The Qatar auto finance market experienced a downfall due to factors like Covid outbreak and reduction in population of expats in the country. Covid impacted the production in the market, car manufacturers couldn’t predict the vehicles demand in the future and hence miscalculated the production requirements. The rise in the sale of motorcycles for online food delivery business is contributing in recovery of auto finance sector in the country post COVID-19. Competition is increasing among banks, NBFCs and captives which forced banks to rethink their lending strategy in order to maintain their high market share. Banks are providing 100% and 80% finance for electric and hybrid car/vehicles to Qatari customers and expats to reward them for making an environmentally-friendly choice. This is expected to attract the consumers to opt for auto financing in the country.

Qatar Auto Finance Market Segmentations

By Type of Vehicle: Used vehicle would have a greater demand in the market post COVID-19 since there is shortage in manufacturing and supply of new vehicles. The market is regaining at a steady rate due to increasing demand for personal vehicle post Covid.

By Tenure of Loan for Old Vehicles: Sales of new cars is expected to decline as public transport infrastructure has been improving drastically with the investment of around $ 70 billion in transportation projects in the country.

By Tenure of Loan for New Vehicles: Usually, period of 3 to 4 years is the most common loan tenure for vehicle in the country.

By Type of Commercial and Passenger Motor Vehicle: The commercial vehicle segment is dominating the Qatar Auto Finance Market.

By Type of Passenger Motor Vehicle: In passenger vehicle, the share of 4W is largest because the price of car is comparatively higher than 2W and others.

By Type of Lending Bank: Qatar National Bank is the largest government bank in Qatar and it has subsidiaries and associate companies in more than 30 countries across three continents.

By Type of Commercial Motor Vehicle:

LCV is the majorly used commercial vehicle in Qatar because it is used in transportation of goods. Also, the country is growing its e-commerce which help LCV segment to grow in the country.

By Type of Lenders: Bank is dominant in the auto finance market in Qatar because banks are legally recognized and more reliable source of financing.

Industry Analysis of Qatar Auto Finance Market

  • National Vision 2030 and FIFA World Cup 2022: Increased Government spending on infrastructure and employment leading to an increase in per capita income and wages would lead to higher sales of automotive and boost auto finance market.

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  • Post-Covid Recovery: Covid-19 and Work from Home culture affected sales of Automotive industry. However, 2022 onwards it is expected that sales will recover as offices will re-open and commercial activities will increase.

Bottlenecks and Challenges in Qatar Auto Finance Market

  • Trade Embargo: Automotive continued to experience a slowdown due to the Trade Embargo imposed on Qatar by UAE, Bahrain and Egypt.
  • Time consuming process: Often high amount of paperwork is required for a salesperson and customer to complete an average car loan application.

Key Segments Covered

Qatar Auto Finance:

  • By Type of Vehicle financed
  • New
  • Used
  • By Tenure (for New and Old Vehicles):
  • 1 year
  • 2 years
  • 3 years and more
  • By Type of Lender:
  • Banks
  • OEMs/Captives
  • NBFC
  • By Type of Lending Bank:
  • Government
  • Private
  • By Type of Commercial and Passenger Motor Vehicle:
  • Commercial
  • Passenger
  • By type of commercial motor Vehicle:
  • LMV
  • MCV
  • HCV
  • By Type of passenger motor vehicle
  • 4W
  • 2W and others

Key Target Audience

  • Qatar Auto Industries
  • Government Bodies & Regulating Authorities
  • Finance Industry
  • Car company
  • Automobile dealers and users

Time Period Captured in the Report:

  • Historical Year: 2016-2021
  • Base Year: 2021
  • Forecast Period: 2021– 2026F

Companies Covered:

  • Qatar National Bank
  • Doha Bank
  • Commercial Bank
  • Al khaliji commercial bank
  • Ahli bank
  • Qatar Islamic International Bank
  • Qatar Islamic Bank
  • Dukhan bank
  • Masraf Al Rayan
  • HSBC
  • Standard Chartered Check
  • International Bank of Qatar
  • First Finance Company
  • Al Jazeera Finance

Key Topics Covered in the Report

  • Qatar Automotive Market Overview
  • Ecosystem of Qatar Auto Finance Market
  • Qatar Auto Finance Value Chain Analysis
  • Business Cycle and Timeline of Major Banks in Qatar Auto Finance Market
  • Market Sizing Analysis of Qatar Auto Finance Market, 2016-2021
  • Qatar Auto Finance Market Segmentation
  • SWOT Analysis of Qatar Auto Finance Industry
  • Trends and Developments in Qatar Auto Finance Industry
  • Decision Making Parameter for Selecting Car Loan Vendor
  • Issues and Challenges in Qatar Auto Finance Industry
  • Growth Drivers of the Qatar Auto Finance Market
  • Government Policies and Initiatives for Qatar Auto Finance Industry
  • COVID-19 Impact on Qatar Auto Finance Market
  • Competition Framework for Qatar Auto Finance
  • Future Outlook and Projections of the Qatar Auto Finance Market
  • Market Opportunities and Analyst Recommendations

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

Qatar Auto Finance Market Outlook to 2026F: Ken Research

Related Reports

Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government

Singapore Auto Finance Market Outlook to 2025 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators

Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans

Wednesday, November 9, 2022

5 Key Insights on US$ 15 Bn Opportunity in Global Epoxy Resin Market: Ken Research

 Driven by the Expansion of Construction and Aviation Industries and the increasing manufacture of lightweight and commercial vehicles, Global Epoxy Resin Market is forecasted to Cross US$15 Bn by 2028 says Ken Research Study.

Epoxy resin refers to a type of reactive prepolymer and polymer containing epoxide groups. These resins react either with themselves in the presence of catalysts, or with many co-reactants like amines, phenols, and thiols. Epoxy resin is a type of resin with tough mechanical properties, good chemical resistance, and high adhesive strength, making it highly useful for various applications. Due to more thermal and chemical resistance than other types of resin, it has exclusive usage in making aircraft components.

According to Ken Research estimates, the Global Epoxy Resin Market – which grew from around US$ 5 Bn in 2017 to nearly US$ 10 Bn in 2022 – is expected to grow further into a more than US$ 15 Bn opportunity by 2028. Ken Research shares 5 key insights on this high opportunity market from its latest research study.

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1. Increasing Demand for Paints & Coatings from the Construction and Automotive Industries Is One of the Primary Reasons Driving the Market of Epoxy Resins

As demand for epoxy resins from the paints and coatings industry continues to rise, the developing worldwide construction industry serves as a driving force for the global epoxy resins market. In the near future, epoxy resins will be in great demand due to their ability to provide stability to paint and coating formulas. Metal coating applications have seen a spike in sales due to the rising demand for complex and detailed powder coatings. High construction investment is generating a highly favorable climate for epoxy floors, epoxy adhesives, and epoxy composite use in structures.

The developing global construction industry is driving the market as the demand for epoxy resins from the paints and coatings industry continues to increase. In the near future, epoxy resins will be sought after for their ability to enhance paint and coating formulations. Sales for metal coating applications are skyrocketing due to the increasing demand for complex and detailed powder coatings. Large construction investments create a highly favorable environment for the use of epoxy floors, epoxy adhesives, and epoxy composites in the structures.

The making of next-generation automobiles, as well as the corresponding research efforts, is also fueling the expansion of the epoxy resin sector. Rapid industrialization is promoting the growth of Polyoxide demand which is expanding across all epoxy end-use industries. Technological advances in epoxy synthesis are paving the way for further market development in industrialized countries.

According to the information depicted in the above bar graph, majority of the epoxy resin is used in the paint & coatings industry, followed by composites.

Global Epoxy Resin Market

2. The Growing Demand for Epoxy Resins from the Aerospace Industry Is Fuelling the Market Globally

The demand for epoxy resins in aerospace sectors has expanded rapidly for the construction of rotor blades and panels in aircraft due to their great creep resistance and tensile strength. The lightweight and durable nature of epoxy resins make it suitable to be used in the aircraft sector. Due to properties such as high heat and pressure tolerance, epoxy resins are also used to shield solar panels from rapid temperature fluctuations.

Aircraft are highly exposed to harsh weather and climatic stress which result in wear and tear of the outer parts of aircraft. Multiple properties such as heat resistance, corrosion resistance, and UV protection offered by these resins help in the reduction of carbon emissions.

The increasing popularity of lightweight aerospace coatings among the major aircraft manufacturers will positively influence the market demand. Manufacturers are focusing on diversifying their product lines to take advantage of new value-adding applications, such as metal protection, plastic tooling, and automotive lightweight composites. They're spending a lot of money on R&D to develop highly adaptable epoxy resins that can be used in a variety of industries.

Global Epoxy Resin Industry

3. Fluctuation in the Prices of Raw Materials Is The Most Significant Barrier to the growth of the Epoxy Resin Market

Significant numbers of epoxy resin raw materials used in coatings formulations are either derived directly from oil for their chemical composition or indirectly as a result of energy derived from oil for their mining processing. The prices of oil are highly volatile and several factors impact the prices to either drive up or down. As a result, oil prices have a significant impact on the price of raw materials for coatings.

Epoxies are often produced with the use of raw ingredients derived from petroleum. As a consequence of this, shifts in the cost of crude oil have a sizeable effect not only on the pricing of these raw materials but also on the prices of epoxy hardeners. The profit margin is affected by changing prices, which have a severe effect on small-scale firms.

The increase in demand and scarcity in supply drives up the prices of epoxy resins. For instance, in 2021, due to multiple fires and explosions at Asian resin manufacturing plants, followed by cold snap hit in Texas and the Gulf states, led to global epoxy resin production shortages.

Global Epoxy Resin Sector

4. Building & Construction Segment by End-User Dominates the Market with the Largest Revenue Share and will Maintain Dominance during the Forecast Period

The building & construction industry is the largest consumer of epoxy resins. The dominance of the market is attributed to the increasing investment in this sector. Infrastructural investment is growing in this industry, offering high growth prospects for the epoxy resin market. In construction applications, epoxy resins are used as sealers, hardeners, grouts, mortars, and laminates for walls, roofs, and decks.

Properties, such as low water permeability, excellent cleaning material, and chemical resistance, good mechanical properties, low cure shrinkage, and excellent adhesion, and others are projected to fuel the demand for epoxy resins in construction applications. Increasing spending on infrastructure development and rising urban population coupled with favorable government initiatives for providing affordable houses to the masses are expected to contribute to the growth of the construction industry globally, thereby creating demand for epoxy resins.

5. Asia Pacific region dominates the Market with the Majority of the Market Share in 2021

Asia pacific dominates the epoxy resin market and is expected to continue its dominance during the forecasted period. The largest share of the region can be attributed to the rapid industrialization and rise in demand from various end-use industries such as building & construction, marine, aerospace, consumer goods, and others. The rising number of infrastructure development projects and the rapidly growing manufacturing industry in the region contributes to its growth. For instance,

  • The electronics manufacturing industry is constantly expanding in China, as a result of low cost and increasing demand for electronics products. With the increase in the disposable income of the middle-class population, the demand for electronic products is projected to grow in the near future, thereby, driving the epoxy resins market.
  • China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately 50% of the GDP. This growth in the construction industry is expected to drive the market for paints and coatings in its applications through the upcoming years.

The Government of Japan largely focused on developing the country’s infrastructure, in a bid to provide momentum to its construction industry. In August 2021, Japan hosted the Olympic Games and invested USD 8.4 billion in the development of games-related infrastructure in the country. This led to the rise in the demand for epoxy resins to be used in construction as well as paints and coatings.

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Key Topics Covered in the Report

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

Major Companies Mentioned in the Report

  • 3M
  • BASF SE
  • Huntsman International LLC
  • Hexion
  • The Dow Chemical Company
  • Kukdo Chemical Co., Ltd
  • Solvay
  • Olin Corporation
  • China Petrochemical Corporation
  • Aditya Birla Management Corporation Pvt. Ltd.
  • Kolon Industries, Inc

Notable Emerging Companies Mentioned in the Report

  • Jubail Chemical Industries LLC
  • Macro Polymers
  • NAMA Chemicals
  • Techstorm
  • Spolchemie
  • Jiangsu Sanmu Group Co., Ltd.
  • DIC Corporation
  • Atul Ltd
  • NAGASE & Co., Ltd.

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

  • Epoxy Resin Manufacturers
  • DGBEA Raw Materials Suppliers
  • DGBEF Raw Materials Suppliers
  • Novolac Raw Materials Suppliers
  • Aliphatic Raw Materials Suppliers
  • Glycidylamine Raw Materials Suppliers
  • Solvent Cut Epoxy Technology Manufacturers
  • Liquid Epoxy Technology Manufacturers
  • Waterborne Epoxy Technology Manufacturers
  • Epoxy Resin Distributors
  • Emerging and Startup Epoxy Resin Companies in the Market
  • Government Departments of Polymers and Other Chemicals
  • Ministries and Departments of Paint & Coating
  • Ministries and Departments of Construction Materials
  • Importers and Distributors of Epoxy Resin
  • Chemicals Testing and Regulatory Authorities
  • Chemicals Research Institutes

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2028F

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

Global Epoxy Resin Market: Ken Research

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3 Key Insights on US$ 18 Bn Opportunity in the Global Hard Seltzer Market: Ken Research

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Driven by the rising demand for flavored alcoholic beverages as well as the adoption of western culture and the growing trend of low-alcohol beverages among millennials, the Global Hard Seltzer Market is forecasted to reach nearly US$ 18 Bn by 2028 says Ken Research Study.

Hard Seltzer, also known as spiked seltzer, hard sparkling water, and alcoholic seltzer, is a blend of carbonated water, fruit flavoring, and alcohol. The flavors differ from brand to brand and from basic flavors like lime, black cherry, ruby grapefruit, and others to more elevated flavors such as lemon agave hibiscus, cucumber peach, melon basil, and others.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1. Growing Demand for Healthier Alternatives to Beer, Wine, and Other Beverages Encourage Market Growth

The surging demand for low-calorie, natural ingredients, less-sugar, or carbohydrate-content beverages like hard seltzer among health-conscious consumers is expected to create immense opportunity for the growth of the Global Hard Seltzer Market. The growing trend for less-alcohol content beverages with enhanced taste and wider options among young and aged consumers is likely to boost the demand for hard seltzer in the market. Furthermore, the hard seltzer is considered a status symbol among millennial consumers due to which the product is gaining popularity. However, high customs charges and tax policies on the import and export of hard seltzer products may impede the growth of the market.

Global Hard Seltzer Market

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According to Ken Research estimates, the Global Hard Seltzer Industry – valued at around US$ 5 Bn in 2017 and estimated to reach nearly US$ 9 Bn by 2022 – is expected to grow to around US$ 18 Bn opportunity by 2028.

2. Increasing Preference for Strong Carbonated Alcoholic Beverages is driving the Market Growth

The increasing trend of alcoholic consumption with low-alcohol content among millennials and gen Z coupled with rising health consciousness among consumers is boosting the demand for comparatively healthier alternatives to beer, wine, and others, which is likely to aid the growth of the market. Moreover, hard seltzer contains comparatively fewer calories and low sugar and carbohydrate content which is gaining popularity among consumers. In addition, hard seltzer is popular as a status symbol among consumers, which is anticipated to boost the product demand and augment the growth of the Global Hard Seltzer Market.

Global Hard Seltzer Industry

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3.  Stringent Regulations on Hard Seltzer Products Are the Most Significant Barrier to the Growth of the Market.

The governmental bodies have laid strict tax policies on the import and export of hard seltzer products and manufacturer of hard seltzer has to pay high custom duties for their products which may restrict the growth of the market. Furthermore, hard seltzer manufacturers also have to undergo Environmental Impact Assessment (EIA) as the government applied regulations on waste management and the use of water resources companies which also may hinder the growth of the market. The below table depicts the import costs for both 1 x 70cl bottle and 6 x 70cl bottles at 40% ABV retailing for £45 in Australia.

Global Hard Seltzer Market Analysis

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Key Topics Covered in the Report: -

Snapshot of the Global Hard Seltzer Market

Industry Value Chain and Ecosystem Analysis of the Hard Seltzer Market

Market size and Segmentation of the Global Hard Seltzer Market

Historic Growth of the Overall Global Hard Seltzer Market and Segments

Competition Scenario of the Hard Seltzer Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Hard Seltzer Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Hard Seltzer Market

Future Market Forecast and Growth Rates of the Global Hard Seltzer Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Hard Seltzer Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Hard Seltzer Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

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Major Companies Mentioned in the Report

Anheuser-Busch InBev

White Claw Seltzer

The Boston Beer Company

San Juan Seltzer

Hard Seltzer Beverage Company, LLC

BON V!V

THE SMIRNOFF CO.

Blitz-Weinhard Brewing Company

Molson Coors Beverage Company

Corona Seltzer

Notable Emerging Companies Mentioned in the Report

Heineken

Pursue Hard Seltzer

Sonic Hard Beverages

The Coca-Cola Company

Mode

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

Hard Seltzer Producers

Spiked Seltzer Producers

Alcoholic Beverages Manufacturers

Hard Sparkling Water Manufacturers

Alcoholic Beverages Companies

Carbonated Drinks Companies

Suppliers of Packaging Materials (Suppliers of Bottles, Corks)

Food Regulatory Authorities

Alcoholic Beverages Regulatory Authorities

Government Ministries and Departments of Alcoholic Beverages

Investment Banks and PE Firms Focused on Alcoholic Beverages Industry

Potential Entrants into Alcoholic Beverages Industry

Beverages Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Alcoholic Beverages Sector

Investors in Hard Seltzer Start-ups

Investors in Alcoholic Beverages Start-ups

Environmental Regulatory Bodies

Packaging Equipment Manufacturers

Government & Food Safety Regulations

Caffeine Producers

Sweetener Producers

F&B Marketing Agencies

Government Departments for Food Standards

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

Global Hard Seltzer Market Analysis

3 Key Insights on Competitive Landscape in the Global Prosthetics and Orthotics Market

 Regional Players Dominate the Market Holding nearly 45% of Revenue Share Despite the Presence of about 150 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Prosthetics and Orthotics Market by Ken Research.

Prosthetics is the branch of surgery that deals with the fitting of prosthetic devices, especially artificial limbs in individuals who have lost their limbs. Orthotics is a medical field that deals with the design, manufacture, and fabrication of artificial devices like braces, splints, and others to support damaged or weak joints, bones, muscles, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Country-Niche players constitute ~50% of the Total Number of Competitors and hold ~25% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Prosthetics and Orthotics Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Prosthetics and Orthotics Market. The global players comprise ~15% in terms of the number of companies and hold about 30% of the market share. Key players in the market are focused on launching new products and are engaged in extensive research and development for developing advanced prosthetics and orthotics to gain significant market share.

Leading Players Focused on Extensive R&D and Product Development of  Prosthetics and Orthotics Products

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Bauerfeind, Össur, Fillauer LLC, and Ottobock are highly focused on providing advanced products with new features to cater to the demand of the end users. Furthermore, several companies are aggressively involved in extensive R&D for the development of new products, which is expected to fuel the growth of the market.

  • In April 2022, Warsaw, an orthopediatrics corp. acquired MD Orthopaedics for US$19.6 million. The company aimed to expand its product portfolio by acquiring MD Orthopaedics’ patented system for the treatment of clubfoot and custom fit bracing system that has supported the dissemination of the Ponseti Technique – the gold standard treatment for clubfoot.
  • In July 2021, Össur launched the ReboundPost-Op Elbow Brace, an anon-invasive, featherlight adjustable brace with intuitive design features. The company aimed to optimize the befitting experience for clinicians as well as ease of use for cases who are retrieving from a severe elbow injury or surgical operations.


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Increased Government Initiatives to Promote the Adoption of Prosthetics and Orthotics Devices

  • In July 2021, the American Orthotics and Prosthetic Association (AOPA), introduced the Medicare orthotics and prosthetics patient-centered care act in the Senate. Analogous progressions are contributing to the adding demand for prosthetics and orthotics in the United States.
  • In March 2022, the National Defense Industrial Association (NDIA) reported an increase in the upper limit of mid-cost assistive technology (AT) from US$ 5,000 to US$ 15,000. This will refine access to AT under the National Disability Insurance Scheme (NDIS).

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

Top Manufactures of Prosthetics and Orthotics

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3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market

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3 Key Insights on ~US$ 15 Bn Opportunity in the Global Dietary Fibers Market: Ken Research

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Increased Geriatric Population, Worldwide Consumer Demand for Fiber-Rich Food Products, and Rising Emphasis on Health and Wellness are Some of The Key Factors Expected to Propel the Market Growth Of the Global Dietary Fibers Market, which is forecasted to Cross ~US$ 15 Bn by 2028 says Ken Research Study.

The edible plant parts or analogous carbohydrates that are resistant to digestion and absorption in the small intestine of humans with either complete or partial fermentation in the large intestine is known as dietary fiber. Polysaccharides, oligosaccharides, lignin, and plant substances are all components of dietary fiber. Dietary fibers have beneficial physiological effects such as laxation, blood cholesterol reduction, and blood glucose reduction.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

  1. Customers' Rising Health Consciousness and Awareness of the Benefits of Excellent Health Are Some Major Trends Driving the Expansion of the Dietary Fibers Market.

The growing health consciousness among consumers, rising awareness about the health benefits of soluble dietary fibers, the rise in chronic disease incidences, increasing demand from pharma, food, and feed manufacturers to incorporate soluble dietary fibers into their products is likely to propel the growth of the market.

According to the World Health Organization (WHO), in September 2022 stated that Noncommunicable diseases (NCDs) killed 41 million people per year, accounting for 74% of all deaths worldwide. Annually, 17 million people die from an NCD before the age of 70, with low- and middle-income countries accounting for 86% of these premature deaths.

According to Ken Research estimates, the Global Dietary Fibers Market – valued at around ~US$ 5 billion in 2017 and estimated to reach nearly ~US$ 8 billion in 2022 – is further expected to grow to around ~US$ 15 billion opportunity by 2028.

Global Dietary Fibers Market  

  1. Demand For Dietary Fibers Is Expanding as A Result Of Enhanced Nutrition Awareness And A Trend Toward A Healthier Lifestyle.

The global market for dietary fibers is anticipated to be driven by rising nutrition knowledge that extends beyond the standard diet and a trend toward a healthier lifestyle. Dietary fiber consumption decreases the chance of developing a variety of diseases including diabetes, heart disease, diverticular disease, and constipation. Foods high in calories and sugar are considered to be the cause of a rising prevalence of obese adults and children. Additionally, dietary fibers are employed as prebiotics, sugar & low-fat substitutes, and bulking & hydrocolloid agents.

For Instance, according to the Centers for Disease Control and Prevention in 2021 reported that within the population of USA, adults aged 20 to 39 years had an obesity prevalence of 39.8%, adults aged 40 to 59 years had an obesity prevalence of 44.3%, and adults aged 60 and older had an obesity prevalence of 41.5%.

Global Dietary Fibers Market

  1. Stringent Government Regulations On Dietary Fibers Restrict Market Expansion.

Stringent government regulations regarding dietary fibers are expected to pose a major challenge to market growth during the forecast period. The FDA's stringent rules, which include the recent declaration that the definition of dietary fibers would alter in the near future, are also expected to hinder the market's growth. It demonstrates that market restraints include recalling products already on the market for reassessment and inspection. Additionally, the lack of knowledge regarding the health benefits of dietary fiber in rural areas is impeding market expansion. The cost-intensiveness of the market and the time and money required for regulatory approval are additional restraints on it over the forecast period.

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For instance, according to Harvard Health Publishing, Harvard Medical School in 2019 reported that American adults consume 10 to 15 grams of total fiber per day on average, while the United States Department of Agriculture (USDA) recommended daily amount for adults up to the age of 50 is 25 grams for women and 38 grams for men. Women over 50 should consume 21 and men over 50 should consume 30 grams per day, respectively.

Key Topics Covered in the Report

  • Snapshot of Dietary Fibers Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Dietary Fibers Market
  • Historic Growth of the Overall Dietary Fibers Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Dietary Fibers Market Industry
  • Overview, Source Offerings, and Strengths & Weaknesses of Key Competitors
  • COVID-19 Impact on the Overall Dietary Fibers Market
  • Future Market Forecast and Growth Rates of the Total Dietary Fibers Market and by Segments
  • Market Size of Application with Historical CAGR and Future Forecasts
  • Analysis of the Dietary Fibers Market in Global Regions
  • Major Dietary Fibers Type/Supply and Consumption/Demand Hubs in the Region
  • Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

  • Cargill, Incorporated.
  •  
  • Tate & Lyle
  • Roquette Frères
  • Archer Daniels Midland Company (ADM)
  •  
  • Rettenmaier & Söhne GmbH + Co KG
  • Kerry Group plc.
  • Nexira
  • BENEO

Notable Emerging Companies Mentioned in the Report

  • Fibervar
  • Upliftfood
  • Bonumose, Inc.
  • Unikherb
  • Meati Inc.

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

  • Raw Material Suppliers for Dietary Fiber
  • Manufacturers of Dietary Fiber
  • Distributors, Suppliers, and Sales Channels
  • Market Research and Consultancy Firms
  • Associations, Alliances, And Organizations Specialized in Dietary Fiber
  • Market Players in Dietary Fiber
  • Investors for Dietary Fiber
  • Government Departments of Dietary Supplements
  • Ministries and Departments of Pharmaceuticals
  • Ministries and Departments of Healthcare
  • Emerging and Startup Companies in Dietary Fibers

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

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

Global Dietary Fibers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on Competitive Landscape in Global Automotive Electronic Control Unit (ECU) Market: Ken Research

Global Players Dominate the Market Holding nearly Half of Revenue Share Despite the Presence of about 100 Competitors Comprising Global Players, Regional Players, and Country-Niche Players finds a recent market study on the Global Automotive Electronic Control Unit (ECU) Market by Ken Research

An automotive electronic control unit (ECU) is an essential component that helps and controls in the operation of multiple features and parameters. It is an embedded system that houses multiple control units for the proper functioning of a vehicle. A typical ECU comprises a microcontroller, memory chips, a power supply unit, a communication bus unit, and embedded software.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

 1. Regional Players comprise ~55% of the Total Number of Competitors while Global Players constitute 25%

A comprehensive competitive analysis conducted during the Research Study found that the Global Automotive Electronic Control Unit (ECU) Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Automotive Electronic Control Unit (ECU). The global players comprise ~25% in terms of the number of companies and hold about half of the market share. Major players in the market are adopting growth strategies like collaboration, launches, expansion, investments, and others to gain significant market share.

Competitive Landscape Global Automotive Electronic Control Unit (ECU) Market

2. Leading Global Players are Actively Launching ECUs for Autonomous Vehicles

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Denso Corporation, Mitsubishi Electric, and Veoneer Inc among others are highly focused on strategic developments including product launch, technical product development, and others to fulfill the growing demand for end-users. Furthermore, several companies are involved in initiating new projects related to ECU and launching new products in the market, which is expected to fulfill the demand of end-users.

  • In December 2021, TTControl launched a high-performance TTC 2000 series of electronic control units (ECU). The new series consists of compatible ECU with varying processing power, scalable according to advanced and automated off-highway applications. The company aimed to meet the needs of intelligent vehicles.

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Comparison of key Competitors and Revenue of Global Automotive Electronic Control Unit (ECU) Market

3. Increased Manufacturers Initiatives Promote Automotive Electronic Control Unit (ECU) Growth and Development 

  • In April 2022, Renesas Electronics Corp. launched an integrated platform for automotive ECU Virtualization solutions. The new platform combines Renesas’ RH850/U2x MCUs together with ETAS’ RTA-HVR software. The integrated platform enables designers to integrate multiple applications into a single ECU.
  • In August 2021, Intron a new platform named OPEN-ECU, a technological sharing platform that initiates a new ecosystem for the Automotive Industry. The new platform serves the ecosystem partners to focus on core technologies and product solutions for the intelligent vehicle. The platform provides the development and design of software and hardware, and resources of technology that include software source codes and hardware source files, to offer technology related to intelligent vehicles and connectivity to automotive developers. The company aimed to empower the development of the automotive industry.

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

Global Automotive Electronic Control Unit (ECU) Industry