Key Insights on Competitive Landscape in Global Digital Twin Market: Ken Research

 Few Global Players Dominate the Market despite the Presence of about ~200 Competitors Comprising a Large Number of Regional Players and Some Specialist Players, finds a recent market study on the Global Digital Twin Market by Ken Research

A digital twin is a digital representation of a real-world entity or system. The implementation of the digital twin is an encapsulated software object or model that reflects a unique physical object, process, organization, person, or other abstraction. Data from multiple digital twins can be used for composite views across different real-world entities, such as power plants or cities and their associated processes. For instance, wind turbines are equipped with various sensors related to important functional areas. These sensors generate data on various aspects of physical object performance, such as energy output, temperature, and weather conditions.

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

Global Players Constitute ~20% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global digital twin market is competitive with ~200 players, including globally diversified players, regional players, and many country-niche players. The regional players comprise about ~45% in terms of the number of companies followed by country-niche players with ~35% of the total competitors. The players in the industry develop digital twin technologies for applications including product design, product development, inventory management, predictive maintenance, performance monitoring, business optimization, and others for industries including aerospace & defense, automotive & transportation, manufacturing, healthcare, retail, energy & utilities, home & commercial, it & telecom, and others.

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The Incorporation of Extended Reality Technology and Predictive Analysis Tools are expected to be the Primary Drivers of the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as Accenture, Autodesk Inc., General Electric, IBM Corporation, Microsoft,  and others are highly focused on developing digital twin products that can be used across multiple end-user industries, such as aerospace & defense, automotive & transportation, healthcare, energy & utilities, home & commercial, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players to invest in digital twin technology solutions.

• In April 2022, GE Research and GE Renewable Energy, both subsidiaries of General Electric collaborated for the development of cutting-edge artificial intelligence (AI), and machine learning (ML) tools. The AI and ML tools use digital twin technology to predict and streamline logistics costs in the worldwide wind industry.

• In March 2022, Microsoft announced a strategic partnership with innovative Australian-based resources company Newcrest. The collaboration is based on programs including the use of digital twins for the improvement of operational performance and a high-impact sustainability data models.

• In May 2022, Gradiant, a Boston-based water solutions provider company acquired cleantech startup Synauta to increase the usage of digital twins in the water treatment industry. The acquisition is a combination of digitizing and optimizing the water treatment expertise of Gradiant and the practical machine learning expertise of Synauta.

Increased Government Initiatives and New Strategical Investments in the IT Industry that Led to Major Industry-Wide Developments, Acquisitions, and Partnerships in the industry.

• In June 2022, the Digital Twin Consortium (DTC) collaborated with the Smart Cities Council (Council) to support its work with communities worldwide. The Council will keep spreading awareness of sustainability and resilience among cities. The partnership is intended to work together to inform local governments and towns about the capabilities of digital twins.

• In June 2022, Siemens partnered with an American multinational technology company, NVIDIA to bring the Digital Twin technology within suitable reach. The acquisition resulted in using twin technology in building and manufacturing with the power and visual sophistication of chips and the Omniverse metaverse platform.

In May 2021, the USA Army Aviation and Missile Command partnered with the Wichita State University team to integrate twin technology into its helicopter fleet, Black Hawk. With the use of this technology, 3D scanning technologies created a virtual model of UH-60LBlack Hawk.

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Key Topics Covered in the Report

• Snapshot of Global Digital Twin Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Digital Twin Market
• Historic Growth of Overall Global Digital Twin Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Digital Twin Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Digital Twin Market
• Future Market Forecast and Growth Rates of the Total Global Digital Twin Market and Segments
• Analysis of Global Digital Twin 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

Notable Key Players Mentioned in the Report

• Accenture
• Autodesk Inc.
• General Electric
• IBM Corporation
• Microsoft
• Bentley Systems, Incorporated
• Robert Bosch GmbH
• SAP SE
• Schneider Electric
• Siemens

Notable Emerging Companies Mentioned in the Report

• Digital Construction Works
• Allvision IO
• DigitalTwin Technology GmbH
• MEIK LABS SpA
• MetaTwin GmbH

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

• Digital Twin Solution Developers
• Digital Twin Solution Suppliers
• Digital Twin Solution Implementors
• Product Twin Developers
• Process Twin Developers
• System Twin Developers
• Digital Twin Distributors
• Emerging and Startups in Digital Twin Industry
• Simulation Solutions Companies
• Different Types of Digital Twin Manufacturing Hubs
• Government Departments of Electronics
• Government Ministries and Departments of Information Technology
• Financial Institutions focused on Information Technology Industry
• PE and VC Firms focused on Information Technology Industry
• Potential Entrants into Information Technology Industry
• Potential Entrants into Simulation Solutions

Period Captured in the Report

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

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

Global Digital Twin Market: Ken Research

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Rising Automobile Aggregators, Increasing Customer Expenditure with Growing Digital Advancement and Government Initiative had driven Indonesia Auto Finance Market: Ken Research

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Rising Automobile Aggregators: Innovative digital startups such as Cermati are reshaping the challenging automotive shopping and financing process into a quick and easy experience for customers by creating an auto finance ecosystem where specialized players occupy the various parts of the value chain. In the West Java Region, various big global car-makers invested in industrial estates as well as car and component manufacturing plants. Therefore, it has become the production base of Indonesia's automotive sector (including motorcycles) and can be labelled the "Detroit of Indonesia. Auto Finance Companies and Dealerships are also expected to an increase their financing and contracting options making them more flexible to support retail Sales.

Customers Buying Behaviour: Expenditure-Income ratio of people of Indonesia is quite high in comparison to other ASEAN countries like Brunei Darussalam, the Philippines and Singapore. This increases the buying tendency, purchasing power as well as the consumption rates.

Public Transportation: As Indonesia has a large population, the government has a target to increase the share of trips on public transport to be the largest in the auto segment by 2030. Public transportation has been really helpful and popular, and nowadays use of online transportation like Uber and Grab is rising.

Growing Digital Advancement: Dealers can ensure they’re reaching online-first car shoppers by investing in an all-encompassing digital marketing solution that leverages mobile, location, and social media. Also, by 2023, the BSP hopes to have digitalized most of the payments and encouraged Majority of the population to open bank accounts. Automotive Financing Companies are increasingly moving towards higher technological advancements to improve operational profits as well as customer experience. For example- the use of AI is increasing to make important loan decisions in real time.

Change in Regulatory Framework: The government of Indonesia and financial regulatory authority has lowered the down payment rates and the interest rates to make financing a viable. “Healthy” multi-finance companies with non-performing financing (NPF) ratio <1% are allowed to offer 0% down payment for vehicles purchases with credit by OJK which has increased demand for Autocredit in Philippines.

Analysts at Ken Research in their latest publication “Indonesia Auto Finance Industry Outlook to 2026 - Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities” by Ken Research observed that Auto Finance Market is an emergent market in Indonesia, which is at a growing stage even during the pandemic as well. The rising demand for automobiles, Rising Automotive Aggregators, high Spending capacity of the population, government initiatives and growing digital advancement like Artificial Intelligence and Machine Learning, are expected to contribute to the market growth over the forecast period. The Indonesia Auto Finance Market is expected to see high growth rate over the forecasted period 2021-2026F.

Key Segments Covered:-

Indonesia Auto Finance Market

By Category of Lenders (by Credit Dispersed), 2021 & 2026F: 

Captive Financing Companies

Banks

NBFCs

By Type Of Vehicles (by Credit Dispersed), 2021 & 2026F:

Two Wheelers

Three Wheelers

Four Wheelers

By Type of Ownership (by Credit Dispersed), 2021 & 2026F:

Used Cars

New Cars

By Category of Vehicles (by Credit Dispersed), 2021 & 2026F:

Passenger Vehicles

Commercial Vehicles

By Duration of Loan (by Credit Dispersed), 2021 & 2026F:

1 Year

2 Year

3 Year

3+ Years

By Geographical Location (by Credit Dispersed), 2021 & 2026F:

Rural & Semi Urban

Urban

Metropolitan

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Key Target Audience:-

Banks and its Subsidiaries

NBFCs

Captive Finance Companies

Government and Institutions

Automobile Companies

Car Dealers

Government and Institutions

Existing Auto Finance Companies

OEM Dealerships

New Market Entrants

Investors

Auto mobile Associations

Time Period Captured in the Report:-

Historical Period: 2016-2020

Base Year: 2021

Forecast Period: 2022– 2026F

Companies Covered:-

Bank CIMB Niaga

Bank Rakyat Indonesia

Danamon Bank (Adira Dinamika Finance)

Mandiri Bank (Mandiri Tunas Finance)

Megabank (WOM)

Bank Negara Indonesia

BCA Bank

Bank Jasa Jakarta

Cekaja

ACC Finance

Oto Multiartha

Radana Bhaskara

Adira Finance

Indomobil Multi Jasa

Mitsui Auto Finance

Mandiri Tunas Finance

Rabana Investindo

Maybank Finance

Mobil88

OLX Indonesia

Mobil123

Carmudi

Oto.com

Diamond Smart Auto

Carro

Key Topics Covered in the Report:

Demographic overview and major industries of Indonesia

Economic Overview of Indonesia

Trade Scenario of Indonesia

Indonesia Automotive Market – Vehicle sales

Indonesia Automotive Market - Major OEM brands basis passenger cars sales

Indonesia Auto Finance Ecosystem

Indonesia Auto Finance Market Value Chain Analysis

Major Types of auto loans available in the Indonesia Auto Finance Market

Growth Drivers of Indonesia Auto Finance Industry

Decision making Parameters for selecting Auto loan Vendor

SWOT Analysis of the industry

Trends and Developments in the Industry

Issues and challenges in the industry

Government initiatives in the industry

COVID-19 Impact on the Indonesia Auto Finance Industry

Customer Journey

Indonesia Auto Finance Market Sizing

Indonesia Auto Finance Market Segmentation

Indonesia Automotive Finance Aggregator

Indonesia Auto Finance Market - Future Sizing

Indonesia Auto Finance Market - Future Segmentation

Digital Disruptions in the Indonesia Auto Finance Industry

Analyst Recommendations

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

Indonesia Auto Finance Industry

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Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low-Interest Rate In The Country

KSA Auto Finance Market Outlook to 2026F– Driven by Women Entering the Market, Growing Private Entities and Initiatives by the Government

Global Food Grade Lubricants Market | Food Grade Lubricants Demand – Ken Research

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Driven by the growing usage among the food and beverages industry. The Global Food-Grade Lubricants Market is forecasted at approximately US$ 500 Mn by 2028 says Ken Research Study.

Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation.

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

1. Rising Consumer Awareness and Unhygienic Food Manufacturing Plant, are Driving Factors for This Market.

According to Ken Research Analysis, the Global Food Grade Lubricants Market was valued at US$ 200 million in 2017, it is estimated to be ~US$ 300 million in 2022 and is forecasted to reach a market size of ~US$ 500 million opportunities by 2028.

Food safety concerns are likely to benefit the food-grade lubricants. Foodborne diseases are occurring due to the contamination of food by non-food lubricants, foodborne illness is caused by consuming polluted food and beverages. Consumer awareness is rising since the outbreak of COVID-19, people are more active and know what to consume. Various manufacturing plants are now continuously adopting measures and adhering to government regulations regarding the adoption of food-grade lubricants, which is likely to fuel the demand of this market.

2. Surging Production and Consumption of Dairy Food, Meat, and other Related Products, is Likely to Fuel the Market Growth.

According to Invest India, India ranks 8^th in meat production in the world. Meat production in the country has increased from 6.69 MT in 2014-15 to 8.80 MT in 2020-21. Furthermore, fish production has reached an all-time high of 16.19 MMT during 2021-22.

As per the Organization for Economic Co-operation and Development (OECD), world milk production increased by 1.3% in 2019 to about 852 MT. The share of fresh dairy products in world consumption is expected to increase over the coming decade due to strong demand growth in India, Pakistan, and Africa, driven by income and population growth. The rise in the production and consumption of food and beverages is likely to fuel the market growth of food-grade lubricants.

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3.   Strict Rules for over Production of Chemicals in Plants, is Likely to Hamper the Growth of the Food Grade Lubricants Market.

The USA has various regulatory bodies that supervise chemical reporting, wastewater discharge from facilities, oil spills, hazardous substance releases, and various other regulations. Section 313 of the Emergency Planning and Community Rights-to-know-Act (EPCRA) created the Toxic Release Inventory (TRI) program. Under the requirement of EPCRA, all USA facilities that meet TRI reporting criteria must submit TRI data to the Environmental Protection Agency (EPA) and the relevant state government by 1^st July of each year. EPA investigates the cases of EPCRA non-compliances leading to civil penalties, including monetary fines.

 

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

Bio-based Food Grade Lubricants Market

Read Also –

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

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

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Country-Niche Players and Regional Players constitute ~60% and ~35% of market presence respectively Despite the Presence of about ~600 Competitors, find a Recent Market Study on the Global Composites Market.

Composites are materials that are created by mixing two or more natural or synthetic elements (with various physical or chemical qualities) and are more powerful when used collectively than when used alone. The constituent parts merge and contribute their most advantageous features to enhance the result or finished product, but they do not blend or lose their own identities.

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

Large Global Players Hold Around 45% of the Market Share Followed by Regional Players Holding ~30% of the Market Share

A comprehensive competitive analysis conducted during the Research Study found that the Global Composites Market is competitive with ~500 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

According to the research, the Large Global Players held the dominant position in the market in 2021, in terms of the market share with about ~45% followed by regional players which account for ~30% of the market share.

 

Players are Increasingly Investing in the Composites Industry which is Promoting the Market Growth.

To increase their position in the market, competitors have implemented a variety of organic and inorganic growth techniques. To expand their regional footprint and improve their product offering, these top players used mergers and acquisitions, new product development, and expansion to address the rising demand for composites in emerging economies.

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Not just key players but also emerging players are expanding in the Composites industry and are also investing in strategies like collaborations and technological development to compete in the industry.

• In June 2021, Solvay partnered with Novotech, an Italian UAM company. Solvay has granted the company access to its selection of thermoset, thermoplastic composites, and adhesive materials as well as dedicated technical support.

The MTM® 45-1 and CYCOM® 5320-1 resin systems from Solvay, which are NCAMP-registered and aerospace-qualified, were chosen by Novotech. These two products have a strong aerospace pedigree system, a sizable publicly accessible dataset, flexible production processes, and the product forms necessary to support quick market acceptance.

Increased Adoption of Composites in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

• In September 2021, Hexcel announced the expansion to double the capacity of the current core-engineered production in Morocco.

The company stated in a news statement that it plans to address the rising demand in Morocco from aerospace customers for lightweight advanced composites and that the expansion is anticipated to be finished in early 2023.

• In May 2021, Toray Industries, Inc. revealed that it has created a high thermal conductivity technology that raises the carbon fiber reinforced plastic's (CFRP) heat-dissipating capabilities to those of metals. By utilizing this technology, CFRP effectively dissipates heat from its sources through internal thermal conduction pathways. This enhances performance in electronic device applications while reducing battery deterioration in mobility applications.

Key Topics Covered in the Report

• Snapshot of the Global Composites Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Composites Market
• Historic Growth of the Overall Global Composites Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Composites Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• COVID-19 Impact on the Overall Global Composites Market
• Future Market Forecast and Growth Rates of the Total Global Composites Market and by Segments
• Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Composites Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

• Huntsman Corporation LLC
• SGL Group
• Teijin Ltd
• CooperVision
• DuPont
• Owens Corning
• Toray Industries, Inc.
• Mitsubishi Chemical Holdings Corporation
• Solvay
• Exel Group
• DOW

Notable Emerging Companies Mentioned in the Report

• Capricorn Composite GmbH
• Aircraft Composites Sachsen GmbH
• Fibrolux GmbH
• Hexcel Corporation
• INEOS Enterprises
• Bally Ribbon Mills

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

• Composites Manufacturers
• Glass Fiber Composites Manufacturers
• Insulation Manufacturers
• Raw Material Suppliers for Composites
• Composites Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers
• Hardware Electronics Suppliers
• Auto Component Manufacturers
• Government & Regulatory Authorities
• Chemical Research Institutes
• Specialty Chemicals Material Suppliers
• Investors in Chemicals Industry
• Start-ups & Incumbents in Chemical Industry
• Chemical Testing & Inspection Companies
• Government Ministries and Departments of Chemicals Industry
• PE and VC Firms focused on Chemicals Industry
• Potential Entrants into Composites Industry

Time Period Captured in the Report

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

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

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

The Vietnam cold chain market is currently in the growing phase owing to rising collaboration with Korean logistics providers and geographic advantage: Ken Research

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Growth in Demand of Quick Services Restaurants & E-commerce: Vietnam’s food services industry is thriving and expected to grow with a robust CAGR between 2022-2027 owing to high millennial population and changing lifestyle, thus increasing the demand for chilled and frozen pallets to cater to the increasing needs by giants such as Wendy’s, McDonald’s and more. Whereas E-commerce is a major factor in the growth of the logistics industry and especially international shipping sector due to the entries of large global firms.

Expansion of Existing Cold Storages: Logistics players are taking note and expanding current cold storage infrastructure to accommodate the boom in demand for fresh produce and meat, which is driving the market growth. Many cold chain operators are expected to expand their operations and establish many new cold storage warehouses to cater to the large and rising demand for refrigerated storage, providing a significant boost to the Vietnam cold storage industry.  In the medium to long term, infrastructure development remains key to improving the cold storage supply.

Adopting Automation and Modern Technologies: Use of robots that can be programmed to perform manual processes in the warehouse, whereas automation is a set of operations that can be performed autonomously with minimal or no human assistance. Also Automated Guided Vehicles (AGVs) are portable machines that navigate themselves through floor stickers, radio waves, vision cameras, wires, magnets, or lasers. This technology is most often used to transport raw materials, work-in-progress, and finished goods around the warehouse.

Occupancy Rate: The occupancy rate in the cold storage market has been increasing owing to undersupply of cold storage warehouses, especially in the major cities and ports where demand for cold storage is exceeding the supply. The occupancy rate is high due to need for preserving seafood, agricultural products, and fresh food. Although highest share of cold storage is in southern Vietnam, it is still overloaded with the increasing demand for food and essential goods for nearly 9.0 million people in Ho Chi Minh City. The growing middle-class population and increasing demand of frozen products will also add the occupancy in cold storage, promoting investment trends in cold supply chains and new development opportunities.

Analysts at Ken Research in their latest publication “Vietnam Cold Chain Market Outlook to 2026F- Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that Cold Chain market is an emergent transport and storage market in Vietnam at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, demand among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 14.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report

Vietnam Cold Chain Market

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Ownership

3PL Cold Chain Facilities

Owned

Vietnam Cold Storage Market

By Temperature Range

Frozen

Chillers

Ambient

By Automation

Non-automated Pallets

Automated Pallets

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Major Cities

Ho Chi Minh

Hanoi Capital

Binh Duong

Long An

Other

Vietnam Cold Transport Market

By Truck Type

Reefer Vans/Trucks

20-foot reefers

40-foot reefers and others

By Mode of Transportation

Land

Sea

Air

In Land Water ways

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By Location

International

Domestic

By Vicinity

Inter-city

Intra-city

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Cold Transport Companies

Captive Cold Storage Companies

Captive Cold Chain Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:-

Historical Period: 2016-2021

Base Year: 2021

Forecast Period: 2021-2026F

Companies Covered:-

Lineage

Transimex

Hung Vuong Corporation

AJ Total Vietnam

Mekong Logistics

ARC Bing Duong

ABA Cooltrans

Emergent cold storage

SK Cold Storage

Lotte logistics

Konoike

Hong Lai Group

New Land Logistics

Thang Long Logistics

Crane Worldwide Logistics

ALS Avaition Logistics

Arctic Wolf

Vinafco

Key Topics Covered in the Report:-

Country Overview and Infrastructure Analysis of Vietnam

Vietnam Cold Chain Market Overview and Genesis

Vietnam Cold Chain Industry Supply Ecosystem

Business Cycle and Genesis of Vietnam Cold Chain Market

Vietnam Cold Chain Market, 2016-2021

Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)

Vietnam Cold Storage Market, 2016-2021

Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)

Vietnam Cold Transport Market Overview, 2016-2021

Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)

SWOT Analysis of Vietnam Cold Chain Market

Competition Scenario of Vietnam Cold Chain Market

Growth drivers of Vietnam Cold Chain Market

Technological Advancements in the Vietnam Cold Chain Market

Issues and Challenges in the Vietnam Cold Chain Market

Recent Trends in the Vietnam Cold Chain Market

End User Analysis of Vietnam Cold Chain Market

Future Outlook of Vietnam Cold Chain Market, 2021-2026F

Future Outlook of Vietnam Warehousing Market, 2021-2026F

Future Outlook of Vietnam Cold Storage Market, 2021-2026F

Future Outlook of Vietnam Cold Transport Market, 2021-2026F

Market Opportunities and Analyst Recommendation

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

Vietnam Cold Chain Market

Related Reports:-

Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Malaysia Cold Chain Market Outlook To 2026 - Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth

South Africa Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood & Fruits and Vegetables Consumption & Owing to Growing Population and Infrastructural Development

3 Key Insights on Competitive Landscape in the Global Carbon Fiber Composites Market: Ken Research

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Country-Niche Players Dominate the Carbon Fiber Composites Market, Despite the Presence of ~120 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Carbon Fiber Composites Market by Ken Research

Carbon Fiber is a long, thin strand of material, formed mostly of carbon items. The carbon items are combined together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. Carbon fiber is a polymer and is sometimes called graphite fiber. Carbon fiber is stronger and lighter than steel, which makes it ideal for manufacturing materials for multiple parts such as sports goods, automobile parts, airplane body structures, and others. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Constitute ~10% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors by Type

Competitive Analysis by the research study found that the global carbon fiber composites market is significantly competitive with ~120 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in the manufacturing and supplying of carbon fiber composites for raw material such as Polyacrylonitrile, Rayon, and others. The large global players even though comprise about 10% in terms of the number of companies, hold a majority portion of the market revenue share followed by country-niche players which account for the majority of market revenue share. Most of the players are having their headquarters in the Asia Pacific region.

2. The majority Number of Players are Specialists, Manufacturing a Wide Array of Products in the Global Carbon Fiber Composites Market

Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of carbon fiber composite products catering to multiple end-users such as automobile, wind energy, sports goods, aerospace, and defense. All leading competitors have a strong presence in the global carbon fiber composites market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to end-users demands.

• In November 2021, Hexcel Corporation and Fairmat, a deep technology startup based in France, announced an agreement to build the capability to recycle carbon fiber prepreg from Hexcel European operations for reuse in composites panel sold into the commercial market.
• In July 2021, Mitsubishi Chemical Corporation acquired two Germany-based carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG and CarbonNXT GmbH.

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3. Government Initiatives & Programs to Encourage the Expansion of the Global Carbon Fiber Composites Market

• According Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce, stated that, in September 2021, the Indian government issued a notification regarding a PLI (Production Linked Scheme) for automobile and auto components worth US$ 3.49 billion.
• In 2021, US$ 40.84 was invested for the construction of new wind farms in Europe, financing a record 24.6 GW of new capacity. 

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

Global Carbon Fiber Composites Industry

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

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Country-Niche Players and Regional Players constitute ~50% and ~40% of market presence respectively Despite the Presence of about ~250 Competitors, find a Recent Market Study on Global Oleochemicals Market.

Oleochemicals are chemical substances made from natural fats and oils that can be employed in a range of industries as either raw materials or supplementary ingredients. Petrochemicals, which are made from petroleum, can be replaced with oleochemicals.

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

Large Global Players Hold Around 40% of the Market Share Followed by Regional Players Holding ~35% of the Market Share

A comprehensive competitive analysis conducted during the Research Study found that the Global Oleochemicals Market is competitive with ~250 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

According to the research, the Large Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share.

Leading Global Players Focus on Acquisition and Increase in Production to Cater to the Wider End-user Audience

Global players are highly focused on advancing their products and processes to improve in their product quality that can be used in multiple application segments like healthcare & pharmaceuticals, household care, Industrial, food & beverages, personal care & cosmetics, etc. Several companies are involved in strategic developments such as acquisitions, partnerships, and joint ventures.

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• In November 2019, Emery Oleochemicals expanded its distribution partnership with Omya Inc. Emery Oleochemicals is leveraging the capabilities of Omya to provide technical support to its USA-based customers for Green Polymer Additives (GPA) products, such as release agents, antifogging, lubricants, and specialty plasticizers.
• In August 2021, Edenor Technology Sdn Bhd, a joint venture of MEGA First Corp Bhd and 9M Technologies Sdn Bhd, undertook the acquisition of Emery Oleochemicals’ Asia Pacific unit. This has helped Edenor Technology Sdn Bhd to strengthen its presence in the oleochemical market of the Asia Pacific region.

Increased Initiatives of Governments Propelling the Growth of the Oleochemicals Market

• In Indonesia, the oleochemicals sector received a total of Rp. 14 trillion (US$1.4 billion) in investment from 12 companies since 2011. To lure more investors, the government of Indonesia grants tax holidays and tax allowances to companies willing to invest in the oleochemicals sector.
• European Union has brought a draft in 2021, to set out detailed rules to encourage the development of voluntary schemes that set standards for the production of sustainable biofuels, bioliquids, and biomass fuels and to certify them if they meet the standard.

Key Topics Covered in the Report

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

Major Players Mentioned in the report

• Emery Oleochemicals
• BASF SE
• Wilmar International
• Godrej Industries
• Cargill Inc.
• Kao Corporation
• Edenor Technology Sdn Bhd
• Oleon NV.
• IOI Group Berhad
• P&G Chemicals
• Twin River Technologies Inc.
• Croda International plc.

Notable Emerging Companies Mentioned in the Report

• Matrix Life Science
• VVF L.L.C.
• 3F Industries Limited.
• Vance Bioenergy Sdn. Bhd.
• EGC Reliant, Inc.

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

• Preservatives Manufacturers
• Thickening Agents Manufacturers
• Fatty Acids Manufacturers
• Biofuel Dealers
• Industrial Lubricants Manufacturers
• Healthcare Products Manufacturers
• Palm Oil Manufacturers
• Major Chemical Manufacturing Firms
• Cosmetic Emollient Manufacturers
• Adhesives Manufacturers

Time Period Captured in the Report

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

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

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

3 Key Insights on Competitive Landscape in the Global Automotive Infotainment Systems Market: Ken Research

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Country-Niche Players Dominate the Industry Comprising ~50% Share of Total Competitors Despite the Presence of about ~200 Competitors Comprising a Significant Number of Regional Players and Global Players, finds a recent market study on the Global Automotive Infotainment Systems Market

The infotainment system can be described as a combination of automotive systems that are used to deliver information and entertainment to the driver and passenger using video or audio interfaces and control elements such as a button panel, touchscreen displays, voice commands, and many more. One of the fastest-growing technologies in the industry is automotive infotainment. Infotainment systems are now standard in the majority of cars. Smartphones and personal navigation systems can be connected to this entertainment system. The smartphone connectivity system fills the gap in the product life cycle between smartphones and vehicle infotainment.

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

1. Global Players Constitute ~15% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors

Competitive Analysis by the Ken Research Study found that the Global Automotive Infotainment Systems Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in utilizing IoT technologies to boost vehicle end-to-end connectivity. The country-niche players comprise about ~50% in terms of the number of companies, followed by regional players accounting for ~35% in terms of the number of companies.

The incorporation of IoT technologies by automakers leads to enhance the end-to-end connection of automobiles. Technology has evolved as a result of automakers introducing digital monitoring systems (DMS) and advanced driver assistance systems (ADAS) into vehicles. As these systems are installed in the driver's infotainment system for monitoring and regulating purposes, their parking assistance and traffic update features of ADAS and DMS aid the driver during travel. The market for automotive infotainment systems is witnessing new growth opportunities as a result of these technical developments in driver safety.

2. Leading Global Specialists' Ongoing Efforts To Provide Automotive Infotainment Systems To A Variety Of Vehicle Types Like Passenger Cars, Commercial Vehicles and Electric Vehicle Is Likely To Boost The Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players like Marelli Holdings Co., Ltd is strongly focused on providing Connected systems, Autonomous Driving, and On Board Experience.

The market is highly competitive, thus in order to get a competitive edge the companies provide a wide range of products, including display units, communication units, navigation units, head-up displays, and many more. To expand the company's presence in the market worldwide, strategic initiatives like mergers, acquisitions, alliances, and product launches are adopted.

• In October 2022, DENSO CORPORATION (DENSO) and NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT group, announced its collaboration to develop the Security Operation Center for Vehicles (VSOC1) to counter the threat of increasingly sophisticated cyber-attacks against vehicles.
• In January 2021, Continental, HERE, and Leia Inc. announced a partnership to integrate three-dimensional navigation into vehicle cockpit display solutions. Through this, the businesses are partnering to provide a crucial element for a seamless, safe, and in-vehicle user experience.

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3. Governmental Initiatives to Encourage the Expansion of the Global Automotive Infotainment Systems Market

• In August 2022, the Government of India implemented the Automotive Mission Plan 2026, scrappage policy, and production-linked incentive scheme in the Indian market which is aiming to position India as a global leader in the two-wheeler and four-wheeler markets by the end of 2022.
• The Government of China in December 2021, released the five-year smart manufacturing development plan that will witness China upgrading manufacturing processes and machinery as well as producing autonomous equipment.

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

Global Automotive Infotainment Systems Industry

Leading Players in Vegan Cosmetics Market | Vegan Skin Care Cosmetics Market – Ken Research

 Vegan cosmetics are those that are free of animal-derived ingredients such as honey, beeswax, lanolin, collagen, and others. They are primarily composed of botanical ingredients such as plant extracts and oils derived from flowers, herbs, nuts, seeds, and leaves, among others. The majority of such ingredients have healing and rejuvenating properties that help with everything from hyperpigmentation and acne to ageing concerns.

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

1.   Vegan Cosmetics Market Continues to Grow Owing to The Increasing Adoption of Veganism.

 

The Global Vegan Cosmetics Market is expected to witness stable growth during the forecast period, owing to the rise of vegan culture, and the rising government implementation of prohibiting animal testing for cosmetics across countries. The global vegan cosmetics market was valued at ~US$ 10 billion in 2017, it is estimated to be ~US$ 13 billion in 2022 and is expected to reach a market size of ~US$ 20 billion by 2028 growing with a CAGR of ~6%.

Europe is the dominating region in the Global Vegan Cosmetics Market due to the presence of the world’s prominent players for cruelty-free cosmetics in Europe, notably in Italy, France, the UK, Germany, and Spain. Furthermore, the European government’s move to prohibit animal testing for cosmetics is also helping the growing vegan cosmetics market.

2.   The Growing Popularity of Plant-Based Products, combined with the Emerging Veganism Trend across Countries is driving the Market Growth of Vegan Cosmetics.

The number of individuals nowadays becoming more aware of the ethical and environmental impact of animal-derived products, leading to an increase in the number of individuals reducing their use of such products. Furthermore, rising incidences of animal cruelty during testing, combined with the adverse environmental effects, are influencing the government to prohibit animal testing for cosmetics and manufacturers to start producing vegan products, resulting in increased adoption of vegan cosmetics. During the COVID-19 pandemic, there was a significant increase in demand for skin care products as people became more aware of the importance of self-care, particularly among those who were infected with the virus, creating a market for plant-based beauty and skincare products. In addition, rising consumer awareness regarding the benefits associated with vegan cosmetics is persuading manufacturers to develop innovative plant-based skincare products using safe and organic ingredients.

3.   Increasing Dissemination of Counterfeit Cosmetic Products across Countries May Impede the Market Growth of Vegan Cosmetics.

Fake cosmetics products are on the rise, particularly since the COVID-19 pandemic, as counterfeiters target less savvy and older shoppers who seem to be new to e-commerce. For instance, according to Daniel Shapiro, vice president of Red Points, a software company based in Spain, reports a 56% increase in counterfeit products sold online across its 700 brand clients in the first six months of 2020. In addition, counterfeit sales increased by 37% among its beauty clients, including skincare device company Foreo and haircare brand Tyme, over the same time period.

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Counterfeiting presently heavily relies on the digital domain to source components and distribute products to customers through online platforms, social media, and instant messaging services. According to European Union Intellectual Property Office (EUIPO), a European government agency, the distribution of counterfeit goods has thrived during the COVID-19 pandemic.

The pandemic has created new opportunities for counterfeit and pirated product trade, and criminals have adapted their business models to meet the increased global demand. According to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization with 38 member countries, and European Union Intellectual Property Office (EUIPO), counterfeit and pirated goods imports totaled US$ 133 billion (EUR 119 billion) in 2019, accounting for 5.8% of all goods entering the EU.

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

Leading Players in Vegan Cosmetics Market | Global Vegan Makeup Brands Market

Read Also –

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

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3 Key Insights on the US$ 70 Bn Opportunity in Global Digital Twin Market: Ken Research

 Driven by the Increasing Usage of Digital Twins in the Manufacturing Sectors, The Global Digital Twin Market is forecasted to Cross US$ 40 Bn By 2028 says Ken Research Study.

A digital twin is a digital representation of a real-world entity or system. The implementation of the digital twin is an encapsulated software object or model that reflects a unique physical object, process, organization, person, or other abstraction. Data from multiple digital twins can be used for composite views across different real-world entities, such as power plants or cities and their associated processes. For instance, wind turbines are equipped with various sensors related to important functional areas. These sensors generate data on various aspects of physical object performance, such as energy output, temperature, and weather conditions.

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

1. Increasing Focus on Cutting-edge Real-Time Data Analytics Provides an Opportunity for the Market Growth

According to Ken Research Analysis, the Global Digital Twin Market was valued at ~US$ 2 billion in 2017. It is estimated to be ~US$ 8 billion in 2022 and is forecasted to reach a market size of ~US$ 40 billion by 2028, growing at a CAGR of ~30% from 2022 to 2028.

The digital twin technology can represent a complete manufacturing plant, an assembly line, a specific component, or a group of employees. There are many ways to generate solutions using digital twin technology, depending on the sources and different data. The foundation of a complete digital twin technology is data analytics that provides the ability to model and monitor real-world objects. Digital twin capabilities reflect real-time data analysis to improve the capabilities of a company or organization's digital twin technology. Established digital twins and analytics enable more accurate diagnostics, optimal and predictive operations.

In 2022, the European Commission announced its ambition to work with the European Space Agency and other organizations to create a digital twin of the earth called Destination Earth. The primary goal of this project is to develop digital twins focused on floods, heatwaves, and droughts, in addition to natural disasters, by the end of 2024.

After realizing the advantages of data analytics & AI, governments and organizations have started understanding the potential importance of digital twins.

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2. Increasing Usage of Digital Twins in Manufacturing Sectors to Cut Costs and Enhance Supply Chain Efficiency is Fuelling the Market Worldwide

Unplanned downtime and wasted production are issues that greatly affect manufacturers. Manufacturers are looking for systems that can predict potential errors and malfunctions so that losses can be effectively prevented. The advantage of using a digital twin is the reduction of additional costs and time associated with manufacturing. Digital twins help engineers improve product performance by analyzing and modifying the physical design of prototypes that change at each stage of the design process. Engineers can use the digital twin to simulate a digital prototype designed and modify the prototype's design with little effort and cost.

Operational digital twins blend and correlate real-time streaming IoT data with other inputs. Machine learning, AI, and advanced modeling techniques are then applied to create a dynamic virtual representation of the entire facility. Machine learning technology is the foundation on which digital twins work.

The manufacturing sector is slowly taking its steps toward using digital twin technology, but the 2D designing process is still predominantly used in the construction sector. As a result of digital twin technology, off-site building and construction professionals now have clear on-site visualization of a specific project.

The graph below represents the top areas for Machine Learning Technology adoption:

3. High Costs Associated with the Implementation of Digital Twin Technology is the Major Challenge Faced by the Market

Digital twins & its related technologies such as manufacturing operations management (MOM), product lifecycle management (PLM), manufacturing process management (MPM), computer-aided design (CAD), model-based system engineering (MBSE), enterprise resource planning (ERP), and augmented reality (AR)/virtual reality (VR)/extended reality requires very high capital for Implementation. The cost of production and implementation of a digital twin technology rises considerably and becomes more expensive if the organization or the firm lacks the necessary support infrastructure and technological foundation. Therefore, the high cost of implementation is a barrier for organizations in implementing digital twin technology.

The table below represents the cost models for implementing digital twin technology in various different types of infrastructures:

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Key Topics Covered in the Report

• Snapshot of Global Digital Twin Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Digital Twin Market
• Historic Growth of Overall Global Digital Twin Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Digital Twin Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Digital Twin Market
• Future Market Forecast and Growth Rates of the Total Global Digital Twin Market and Segments
• Analysis of Global Digital Twin 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

Notable Key Players Mentioned in the Report

• Accenture
• Autodesk Inc.
• General Electric
• IBM Corporation
• Microsoft
• Bentley Systems, Incorporated
• Robert Bosch GmbH
• SAP SE
• Schneider Electric
• Siemens

Notable Emerging Companies Mentioned in the Report

• Digital Construction Works
• Allvision IO
• DigitalTwin Technology GmbH
• MEIK LABS SpA
• MetaTwin GmbH

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

• Digital Twin Solution Developers
• Digital Twin Solution Suppliers
• Digital Twin Solution Implementors
• Product Twin Developers
• Process Twin Developers
• System Twin Developers
• Digital Twin Distributors
• Emerging and Startups in Digital Twin Industry
• Simulation Solutions Companies
• Different Types of Digital Twin Manufacturing Hubs
• Government Departments of Electronics
• Government Ministries and Departments of Information Technology
• Financial Institutions focused on Information Technology Industry
• PE and VC Firms focused on Information Technology Industry
• Potential Entrants into Information Technology Industry
• Potential Entrants into Simulation Solutions

Period Captured in the Report

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

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

Global Digital Twin Market: Ken Research

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