Tuesday, November 29, 2022

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

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Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Green Chemicals Market by Ken Research.

Green chemicals or bio-based chemicals are renewable and eco-friendly substances primarily driven from bio-based raw materials related to plants or animals. Green chemicals are designed to maintain the ecological balance as it helps reduces the harmful impact on the environment regarding disposal, transportation, packaging, processing, fabrication, and others.

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

1. Country-Niche players constitute ~40% 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 green chemicals market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the green chemicals market. The regional players comprise ~35% in terms of the number of companies and hold about 40% of the market share. Key players in the market are focused on product launches and offering value-added services to gain significant market share.

Competitive Landscape of Global Green Chemicals Market

2. Leading Players Investing Heavily in the Production of Green Chemicals

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Cargill, Incorporated, Mitsubishi Chemical Group Corporation, and BASF SE among others are highly focused on offering green chemicals for various industries. Furthermore, market players are engaged in R&D activities and are investing heavily in the production of green chemicals to fulfill the demand of the end-users.

  • In October 2021, Sekab, a Sweden-based advanced biofuels and biochemical manufacturer invested EUR 9.95 million to expand its production facility of green chemicals.

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Comparison of Key Competitors and Revenue Share Global Green Chemicals Market

3. Increased Government Initiatives Promote Green Chemicals Market Growth and Development

  • Governmental bodies are taking initiatives such as the European Technology Platform for Sustainable Chemistry (SusChem) and International Sustainable Chemistry Collaborative Centre (ISC3) to promote the adoption of green chemicals.
  • In February 2017, the United Nations Industrial Development Organization (UNIDO) and its partners launched a new green chemistry initiative to deploy green chemistry technologies and approaches and to increase awareness regarding green chemicals.

Key Topics Covered in the Report:-

Snapshot of the Global Green Chemicals Market

Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market

Market size and Segmentation of the Global Green Chemicals Market

Historic Growth of the Overall Global Green Chemicals Market and Segments

Competition Scenario of the Green Chemicals Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Green Chemicals Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Green Chemicals Market

Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments

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

Analysis of the Green Chemicals 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 Green Chemicals Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report:-

Cargill, Incorporated

Mitsubishi Chemical Group Corporation.

BASF SE

DuPont

DSM

Evonik

 Plantic

Bayer Material Science AG

Verdant Law

Arkema

Notable Emerging Companies Mentioned in the Report

Bio-Kleen Products, Inc.

Palmer Industries, Inc.

Thermafiber, Inc.

Vertec BioSolvents Inc.

Total Corbion PLA

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

Green Chemicals Manufacturers

Chemical Manufacturers

Bio-Alcohol Manufacturers

Packaging Manufacturers

Research & Consulting Firms

Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Green Chemicals

Green Chemicals Providers

Green Chemicals Research Organizations

Green Chemicals Suppliers

Investors in Green Chemicals Start-ups

Green Chemicals Distributors

Government Ministries and Departments of Chemical Industry

Chemical Industry Regulatory Bodies

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 Green Chemicals Market

Monday, November 28, 2022

Rising End-Users awareness, Improving technology and Government’s strong initiatives regarding Infrastructure will boost Kuwait Facility Management Market after the Covid’s impact: Ken Research

 1. The Kuwait hotel and restaurant sector is suffering from a shortage in the number of specialized workers including delivery services, due to the continued closure and prevention of recruitment from abroad.

The hospitality industry is undergoing a pivotal digital transformation. In the hotel sector, the full customer journey has been digitized; from researching venues and destinations to making price comparisons and purchases. Kuwait’s hospitality market is smaller when compared to some of its GCC neighbors, but slow and steady seems to be the mantra of the country’s hoteliers. The number of hotel keys in Kuwait approached to 89,000 by the end of 2021. Also, Hilton Kuwait Resort and Jumeirah Messilah Beach Hotel & Spa have had notable arrivals in the recent months.

2. Lack of awareness amongst end users, Labor issues, return of migrants to home countries during COVID-19, are major challenges for Kuwait Facility Management Market

In Kuwait, FM is considered as an expense and not as something that helps support the core business and increase revenues over the lifecycle of the business. A decrease in employment rate of migrant population or reduction in wages is likely to have a direct impact on industry. Most of labors engaged in construction and related sectors are working on temporary work visas.

Kuwait Facility Management Market

3. Kuwait Vision 2035, Technological advancement, Increased Public Spending on infrastructure and Sustainability are major growth factors driving the Kuwait Facility Management Market

Restore the regional leadership role of Kuwait as a financial and commercial hub, and reviving the pivotal role of the Kuwaiti private sector in the leadership of development. Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.

Key Segments Covered in the report: –

Kuwait Facility Management Market

By Type of Service

  • Soft Service
  • Hard Service

By Hard Service

  • Electromechanical Services
  • Operations and Maintenance Services
  • Fire Safety and Security Systems

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By Soft Service

  • Housekeeping
  • Security
  • Landscaping
  • Others

By Integrated Facility Services, Bundled Services and Single Services

  • Bundled services
  • Single services
  • Integrated facility management (IFM)

By End User

  • Commercial
  • Industrial
  • Residential

By Personnel

  • In-House Personnel
  • Outsourced Personnel

Key Target Audience:-

  • Factories
  • Plants and Industries
  • Hotels
  • Hospitals
  • Malls
  • Companies and offices
  • Tourism Agencies
  • Government Bodies & Regulating Authorities
  • Facility Management companies
  • Real estate companies

Time Period Captured in the Report:-

Historical Period: 2016-2021

Forecast Period: 2021-2026F

Companies Covered:-

  • Kharafi National
  • United Facility Management
  • EFS Facility Management Services
  • Fawaz Group
  • O&G Engineering W.L.L.
  • EcovertFM Kuwait
  • Al Mazaya Holding Company
  • Al-Awsat United Real Estate Co.
  • ONE FM
  • PIMCO
  • Gulf Engineering Company K.S.C.C

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Key Topics Covered in the Report:-

  • Executive Summary: Kuwait Facility Management Market, 2016-2026F
  • Kuwait Facility Management Market Size by Revenue, 2016-2026F
  • Kuwait Population Analysis, 2021
  • Kuwait Demographic Analysis, 2021
  • Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020
  • Business Cycle and Genesis of Kuwait Facility Management
  • Business Acquisition Process in Kuwait Facility Management Market
  • Supply Side Ecosystem
  • Kuwait Real Estate Market Overview, 2021
  • Kuwait Rental Market Overview, 2021
  • Kuwait Housing Loan Market, 2021
  • Kuwait Hospitality Market Overview, 2021
  • Kuwait Retail Market Overview, 2021
  • Supply Side Ecosystem – Maintenance (Hard FM)
  • Supply Side Ecosystem – Cleaning and Security
  • Supply Side Ecosystem – Waste Management
  • Supply Side Ecosystem – Integrated FM
  • Kuwait Facility Management Market Segmentation
  • SWOT Analysis of Kuwait Facility Management Market
  • Key Growth Drivers in Facility Management Market in Kuwait
  • Trends and Developments in Kuwait Facility Management Market
  • Kuwait Facility Management Market Major Technological Trends, 2021
  • Regulatory Landscape of Kuwait Facility Management Market
  • Types of Contracts in Kuwait Facility Management Market
  • Competition Scenario in Kuwait Facility Management Market
  • Cross Comparison of Major Projects in Kuwait Facility Management Market
  • Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
  • Best Practices for Improving Facility Services
  • Operational Strategies for Facility Management Market in Kuwait
  • Growth Strategies of Kuwait Facility Management Market

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

Kuwait Facility Management Market Analysis

Related Reports by Ken Research: –

Qatar Facility Management Market Outlook

Chile Facility Management Market Outlook

Vietnam Facility Management Market Outlook

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Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government’s Strong Initiatives in Healthcare System will boost the Dental Service Market in India: Ken Research

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1. The India Dental Market is expected to grow at a CAGR of 10% for FY’2022-FY’2027F due to increasing number of dental colleges and labs in the country

India Dental Services Market Revenue

The rising Dental consciousness among the Indian population, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period. Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies.

2. The expansion of coverage, services, and rising spending by both public and private entities are all contributing to the rapid growth of the Indian healthcare industry

Government Health Expenditure

The Healthcare Market in India is expected to reach USD 372 Bn by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance. Moreover, in Union Budget 2022-23, INR 86,200.65 Cr ($ 11.28 Bn) was allocated to MoHFW. In March 2021, the Parliament passed the National Commission for Allied & Healthcare Professions Bill 2021, which aims to create a body that will regulate and maintain educational and service standards for healthcare professionals. The Indian government is planning to o introduce a credit incentive programme worth INR 500 Bn ($ 6.8 Bn) to boost the country’s healthcare infrastructure.

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3. Number of dentists will increase in the future due to an increase in the number of colleges and government initiatives to revise the curriculum

Number of Dentists in India

Changes in lifestyle and diet have caused several health issues in India, including those related to dental health. The dental services market growth will be influenced by the rise in periodontitis and teeth decay. In addition, a rise in demand for aesthetic and cosmetic dentistry will also help the market grow. In recent years, dentistry has come up as a rewarding career. People have started recognizing dental disorders and with the advancement in science and technology, the treatment has become specialized. Therefore, the demand of dentists has been slowly and steadily increasing in the Indian market.

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

India Dental Services Market

Thailand Lubricants Market - Size, Share, Covid-19 Impact & Forecasts Up to 2026: Ken Research

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How Is Lubricant Market Positioned in Thailand

Thailand Lubricant market sales has grown over the period 2016-2021, supported by the increase in Average Price for Lubricants Per Liter in the country. Players in Thailand Lubricant Market are primarily engaged in marketing and distribution of petroleum products to end users’ customers, provide storage facilities, and other allied services. Many Market Players have Retail Station Dealerships to deliver long-term value to their retailers and other stakeholders. A wide network of OEM workshops, dealers and distributors, supermarkets and online stores used to sell the lubricants to the end users with varied margins.

Thailand-Lubricant-Market

The COVID-19 outbreak led to a notable dip in lubricants consumption, where motorcycle lubricant consumption recorded the highest dip. COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry.

The competition was observed to be concentrated in Lubricant with PTT Oil and Retail and The Shell company of Thailand contributing the maximum market share. Key competitive parameters include price, USP (Unique Selling Point), product portfolio, customer acquisition and promotional strategies, future plans and major clients.

Thailand lubricant Market Overview and Segmentation

Thailand Lubricant Market has been experienced growth with 2.1% CAGR (2016-2021) The boosting economy of Thailand has been supported by the growth of revenues generated by manufacturers offering lubricant oils to various customers across automotive and industrial sectors.

Market Segmentation of Thailand Lubricant Market

By Type: The boost in the sales of automobiles in the country has significantly led to an increase in the consumption of automotive lubricants over industrial lubricants. The increased sales were also supported by the continuous improvement in the refining.

By Grade: The Thailand Lubricant Market is dominated by Mineral as people in Thailand prefer using Mineral over other grade of lubricants.

Thailand Industrial Lubricant Market Overview and Segmentation

Market Overview:

The harsh condition of handling equipment in both industries has triggered the demand for lubricants by the operators.  Thailand’s manufacturing output for 2021 has seen a significant growth from 2020. Lubricants have important application in manufacturing sector as it ensures durability and efficiency of machines.

Market Segmentation of Industrial Lubricant Market

By Type: Hydraulic Fluid dominated the industrial lubricants market share followed by Grease, with second largest share. Hydraulic oils differ from conventional lubricants for their characteristics which include rust and corrosion inhibition, filterability, oxidation and hydrolytic stability and anti-wear performance.

By End Use: Construction accounted for majority of share in this segment as major end user for industrial lubricants followed by General Manufacturing. The harsh condition of handling equipment in both industries has triggered the demand for lubricants by the operators.

By Distribution: Dealer network dominated the market share in comparison to Direct Sales. Most of the lubricants consumed by the Thailand industrial sector have been supplied by a widespread network of authorized and local distributors across various regions of the country.

Thailand Automotive Lubricant Market Overview and Segmentation

Market Overview:

An increase in the sales of commercial vehicles in the country has largely contributed to the growth in overall lubricant consumption. The increasing number of ships and boats being visiting the country has thus led to the growth in consumption of automotive lubricant recently.

Market Segmentation of Automotive Lubricant Market

By Type: Heavy Duty Engine Oil dominated the industrial lubricants market in this segment as the major type of lubricants followed by Passenger Vehicle Motor Oil. Heavy Duty lubricants are largely needed by commercial vehicles and light trucks which need to generate enough power as they are largely used in transport and logistics.

By End Use: Commercial Vehicles accounted majority of share in this segment as major end user for automotive lubricants followed by Passenger cars. An increase in the sales of commercial vehicles in the country from 2019 to 2021 has largely contributed to the growth in overall lubricant consumption.

By Distribution: Service Stations/Local Workshops dominated the market share followed by OEMs with second largest share. Service Stations/Local Workshops dominated the market share followed by OEMs with second largest share.

Comparative Landscape in Thailand Lubricant Market

The competition in lubricant market was observed to be Concentrated. Top players in the market are PTT Oil and Retail & The Shell Company of Thailand Limited. PTT and Shell are leaders because of their high distribution network, presence of local blending plant and high brand value. All other players such as Chevron, Idemitsu, BP-Castrol, Eneos, Siam-Pan Group and more are niche players focusing on small segment in the market. Bangchak and BP-Castrol are visionaries in the market as they have potential to become challengers in future. There are no challengers in the market as market players except PTT and Shell Thailand have comparatively low share.

Thailand Lubricant Market Outlook and Projections

The health Tech market is projected to grow at single digit CAGR (2021-2026F). Factors such Growing population, developing infrastructure, rising disposable incomes, growing middle class, and growing prevalence of chronic diseases are major factors for growth in the region. The Eastern Economic Corridor development plan for the oleochemical industry is also prominent growth driver and will drive the Thailand Lubricant Market in the near future.

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Time Period Captured in the Report:

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

Companies Covered:

  • PTT Oil and Retail
  • The Shell Company of Thailand
  • Bangchak Corporation
  • BP-Castrol (Thailand)
  • Esso (Thailand)
  • Idemitsu Lubricants (Thailand)
  • Siam Pan Group
  • Chevron Thailand
  • Thai Petroleum &Trading
  • Valvoline

Key Topics Covered in the Report

  • Thailand Lubricants Market Overview
  • Ecosystem of Lubricants Market
  • Business Cycle and Genesis of Thailand Lubricants Market Overview
  • Value Chain Analysis for Thailand Lubricants Market
  • SWOT Analysis for Thailand Lubricants Market
  • Porter’s Five Forces Analysis Thailand Lubricants Market
  • Growth Drivers in Thailand Lubricants Market
  • Bottlenecks and Challenges in Thailand Lubricants Market
  • Trends and Developments in Thailand Lubricants Market
  • Government Regulations
  • End User Analysis of Thailand Lubricants Market
  • Covid-19 Impact on Thailand Lubricants Market
  • Competitive Landscape in Thailand Lubricants Market
  • Strengths and Weaknesses of the Major Players in Thailand Industrial Lubricant market
  • Strengths and Weaknesses of the Major Players in Thailand Automotive Lubricant market
  • Cross Comparison of Major Players in Thailand Industrial Lubricant Market
  • Cross Comparison of Major Players in Thailand Automotive Lubricants Market
  • Product Portfolio of Major Players in Thailand Industrial Lubricants Market
  • Product Portfolio of Major Players Thailand Automotive Lubricants Market
  • Detailed Analysis on Thailand Lubricants Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2022-2026F)
  • Detailed Analysis on Thailand Industrial Lubricants Market (Market Segmentation, 2016-2022; Future Market Segmentation, 2022-2026F)
  • Detailed Analysis on Thailand Automotive Lubricants Market (Market Segmentation,2016- 2022; Future Market Segmentation, 2022-2026F)
  • Market Opportunity and Analyst Recommendations

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

Thailand Lubricant Market Outlook to 2026: Ken Research

Related Reports:

Malaysia Automotive Lubricant Market Outlook To 2025

Brazil Lubricants Market Outlook To 2025

Malaysia Automotive Lubricant Market Outlook To 2025

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

 Despite Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players and Regional Players, Few Global Players Dominate the Market, finds a recent market study on Global Biophotonics Market by Ken Research

The study of optical processes in biological systems, both naturally occurring and in bioengineered materials, is known as biophotonics. Imaging and sensing cells and tissue are particularly important aspects of this field. Injecting fluorescent markers into a biological system to track cell dynamics and drug delivery is one example.

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

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Global Players that Constitute ~20% of Total Number of Competitors Hold the Largest Market Revenue Share, While Regional Companies Represent 30% Share in Terms of the Competitors

A comprehensive competitive analysis conducted during the Research Study found that the Global Biophotonics market is highly competitive with ~200 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in medical technology for multiple end-user industries. The majority of the top 20 global biopharmaceutical companies, including Affymetrix Inc., Andor Technology, BD (Becton, Dickinson and Company), Carl Zeiss AG, maintained their leading positions in the forecasted period. The majority of the country’s players offer end-to-end solutions that assist clinicians and scientists in better diagnosing diseases, discovering new and more personalized drugs, and performing disease assessments. Some of these who successfully evolve to create pharma and diagnostics solutions often get acquired by large global players seeking to grow and diversify quickly.

Country-Niche Players' and Organization’s Ongoing Efforts to Provide Life Sciences Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that numerous biotechnology, and pharmaceuticals companies such as Oxford Instruments Plc, Carl Zeiss AG, Andor Technology, and more are highly focused on providing a significant number of healthcare solutions and advanced techniques that can be used across end-user industries. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.

  • In March 2021, Zeiss expanded its presence in North America by launching new research and development, production, sales, and customer service center in the United States with an investment of US$ 180 million. The new site will incorporate the X-ray Microscopy business, along with the ZEISS Microscopy Customer Center, to provide support for opportunities in materials research, life sciences, and industrial applications.
  • In November 2021, Oxford Instruments launched BC43, a compact microscopy device. This device can provide real-time 3D imaging to users. 

Competitors in Biophotonics Market

Increasing Government Initiatives, Strategies in the Healthcare Sector contributing to the development of the biophotonics market.

During the acute phase of the ongoing covid-19 pandemic, clinicians faced several challenges, including timely diagnosis and hospitalization, effective utilization of intensive care facilities, selection of appropriate therapies, monitoring, and timely discharge. A prompt and precise diagnosis has several implications for the patient, the healthcare institution, and public health and administrative personnel. Amid the ongoing pandemic, healthcare systems are evolving to meet the growing infection rate worldwide. Manufacturers of optical systems and optoelectronics saw an increase in market growth during this destructive phase of the Covid-19 pandemic as they provided additional, objective information that significantly improved these aspects of patient care.

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Key Topics Covered in the Report

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

  • Affymetrix Inc.
  • Andor Technology
  • BD (Becton, Dickinson and Company)
  • Carl Zeiss AG
  • Olympus Corporation
  • Hamamatsu Photonics K.K
  • Zecotek Photonic Inc.
  • Idex Corporation
  • IPG Photonics
  • Oxford Instruments Plc

Notable Emerging Companies Mentioned in the Report

  • Lumicks
  • Creoptix
  • ThnikCyte
  • PhotoPharmics
  • Impedimed
  • Norlase
  • Vivosight
  • Speclipse

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

  • Biotechnology - Therapeutics and Diagnostics Companies
  • Pharmaceutical Companies
  • Manufacturers of Diagnostic Kits and Instruments
  • International Agency for Research on Cancer (IARC)
  • Neural Regeneration Research Organizations
  • Research Drug Monitoring Authorities
  • AI Solution Providers for Drug Discovery
  • Medical Devices manufacturers
  • Government Ministries and Departments of Healthcare

Period Captured in the Report

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

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

Global Biophotonics Market: Ken Research

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Key Insights on Competitive Landscape in Global Disposable Gloves Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding ~40% of Revenue Share Despite Presence of about 200 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Disposable Gloves Market by Ken Research.

Gloves are pieces of clothing that cover a part of our hands. These are use-and-throw products, which can reduce the spread of infection. Natural rubber latex, nitrile, and vinyl are the widely used varieties of disposable gloves. Although Disposable gloves are majorly used in the healthcare industry, including hospitals, clinics, Dental, EMS, and others, since the outbreak of the Covid19 pandemic, awareness of disposable gloves has spread across other industries as well. Many such industries have started using gloves as a mandatory precaution, including the food processing industry, restaurant chains, chemical industry, automobile aftermarket, and more.

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

Global Players Who Comprise 10% in Terms of Number of Competitors Hold Dominant Revenue Share

Competitive Analysis by the research study found that the Global Disposable Gloves 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 niche in disposable gloves manufacturing and distributing for specific segments. The large global players, even though comprise just about 10% in terms of the number of companies, hold ~40% of the market revenue share followed by regional players which account for ~35% of the market revenue. Most of the country-niche players are having their headquarters in Malaysia, Asia Pacific region.

Global Disposable Gloves Market

Specialist Players within Global Disposable Gloves Market Earn a Major Chunk of their Overall Revenues from this Segment

Detailed Comparative Analysis of Key Competitors done within the research study revealed that for specialist players such as Kossan Rubber, and Rubberex, the companies’ gloves businesses generate ~88% and ~95% of their global revenues. While for diverse players these can be anywhere in the range of 50% to 60% as per the analysis done in the study on the Global Disposable Gloves Market. All leading global competitors are having a strong presence in the Global Disposable Gloves market and offer comprehensive Disposable Gloves solutions to all major industries including healthcare, clinics, dispensaries, food processing, chemical factor, and any other industrial site.

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  • In April 2022, Ontario London Government invested in constructing 120,000 square foot facility that would manufacture medical-grade nitrile gloves. Manikheir Canadar Inc., under this contract, would manufacture approximately 500 million medical-grade nitrile gloves annually for up to 10 years.
  • The Department of Defense in collaboration with the Department of Health and Services awarded various contracts that amounted to US$226.3 million to companies for manufacturing nitrile and medical gloves.

Global Disposable Gloves Market Size

During and Post-COVID Pandemic, Gloves Gained a Huge Market due to the Rapidly Spreading Covid19 virus and Increasing Awareness among Peoples

The pandemic helped the disposable gloves market to grow. Analysis of the latest available industrial data shows that sales volume growth for nitrile disposable gloves saw an improvement of 23.6% from 2020 to 2021, with approximately 1.2 billion pieces sold in 2021 versus 970.5 million pieces in 2020. Also, the average glove selling price increased from US$53/1000 pieces to US$73/1000 pieces from 2020 to 2021. Gloves are an important component of the PPE (Personal Protective Equipment) kit. As per the UNICEF reports, since the start of the pandemic, UNICEF has shipped more than 653.4 million items of PPE to 140 countries as part of its Covid19 response programs.

Increased adoption of Disposable Glove Globally Leading to Major Industry-Wide Developments, Acquisitions, Collaborations, and Deal-Wins

  • In March 2022, American Nitrile, LLC, announced a strategic partnership with Orion Infrastructure Capital (OIC) to construct its manufacturing facility in Grove City. Under this agreement, OIC will provide US$105 million to support the completion of 12 production lines with an aggregate capacity of 3.6 billion nitrile gloves per year.
  • In March 2021, Hartalega Holdings Bhd planned to invest US$1.7 billion to build 16 new manufacturing plants over the next 20 years. Hartalega currently operates with 12 manufacturing units and aims to increase the annual production of gloves by 95 billion by 2027.

Key Topics Covered in the Report: -

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

Major Companies Profiled in the Report: -

  • Ansell Ltd
  • Hartalega
  • Top Glove Bhd
  • Rubberex
  • Kossan Rubber Industries
  • Cardinal Health Inc
  • Sempermed
  • Sri Trang Gloves
  • Care Plus
  • Supermax Corporation Berhad
  • Synthomer Plc
  • Comfort Rubber Gloves Industries

Notable Emerging Companies Mentioned in the Report: -

  • Cullinan Gloves
  • Sara Health Care Pvt Ltd.
  • Amkay Products Pvt Ltd.
  • Medlis Healthcare Pvt Ltd
  • Anhui Tianyuan Latex Technology Co.
  • Dentopia Sdn Bhd.
  • American Nitriles
  • LifeMedz

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

  • Disposable gloves manufacturer companies
  • Disposable gloves distributors
  • Disposable gloves material supplier companies
  • Potential investors in disposable gloves companies
  • Disposable gloves association
  • Utilities sector organizations
  • Healthcare sector companies
  • PPE manufacturing companies
  • Research & development institutes
  • PE and VC Firms in Healthcare
  • Consulting companies in the health and hygiene sector
  • Disposable gloves component providers
  • Nitrile and latex gloves manufacturers
  • Government and research organizations
  • Investment banks & funds
  • Investors and financial community professionals
  • Healthcare Regulatory Authorities

Time Period Captured in the Report: -

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

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

Global Disposable Gloves Market: Ken Research

3 Key Insights on US$ 130 Bn Opportunity in the Global Biophotonics Market: Ken Research

 Driven by the recent surge of nanotechnology, combined with increasing demand for home-based Point-of-Care (POC) devices, the Global Biophotonics Market is Forecasted to Cross US$ 100 Bn by 2028 says Ken Research Study.

Biophotonics is the exploration of light in conjunction with biology. It can aid surgeons in understanding how cells and tissues function. This light technique collects a sample of both diseased and healthy tissue for use in the diagnosis, treatment, and surgery. Furthermore, it has the potential to provide technical solutions for significant advances in medical diagnostics, therapeutics, and biotechnology by utilizing light absorption and reemission, as well as elastic and viscous photon scattering events in tissues or samples.

According to Ken Research estimates, the Global Biophotonics Market – which grew from around US$ 30 Bn in 2017 to nearly US$ 50 Bn in 2022 – is expected to grow further into a more than US$ 100 Bn opportunity by 2028 -

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

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1. Biophotonics has seen Accelerated Growth after Several Proactive Interventions and Rising Funding for the Diagnosis of Multiple Disorders and Diseases.

The Global Biophotonics Market is expected to witness strong growth during the forecast period, owing to increasing favorable government initiatives concerning drug development or research, along with soaring digital healthcare funding. Diagnostic biophotonics is concerned with technologies that detect disease states and monitor the efficacy of proposed treatments. Therapeutic biophotonics, on the other hand, involves altering biological processes and treating disease conditions. Furthermore, biophotonics has found widespread application in biological and clinical research with the development of advanced lasers, optics, spectroscopy, and microscopy tools.

Global Biophotonics Industry

2. The Rising Prevalence of Chronic and Neurodegenerative Diseases is Major Growth Driver for Global Biophotonics Market.

The increasing prevalence of chronic and neurodegenerative diseases, including Neurodegenerative disorders, Alzheimer’s disease (AD), and Parkinson’s disease (PD) due to an aging population, has led to increasing demand for improved drug development or research to effectively combat these diseases.

  • For instance, according to Alzheimer's Disease Association, a U.S.-based non-profit organization, presently nearly 6.2 million individuals in the U.S. have Alzheimer's disease, a progressive neurologic disorder that leads the brain to shrink and brain cells to die.
  • According to Parkinson’s Foundation, a U.S.-based non-profit organization, nearly a million Americans have Parkinson's disease (PD), a brain disorder that leads to unrestrained movements such as wobbling, stiffness, and difficulty with balance and coordination, with the number expected to increase to 1.2 million by 2030. In addition, over 10 million people worldwide are currently affected by Parkinson's disease (PD).

Global Biophotonics Sector

3. The Complexity of Biophotonics Technology, Combined with the High Cost of Biophotonics-Based Instruments May Stifle the Market Growth.

The cost of biophotonics is higher than that of conventional instruments. They are regarded as more complex due to the integration of biological units as well as the generation, manipulation, and detection of light units, which raises their price. This will impede the growth of the biophotonics market. Furthermore, the semiconductor detector, which measures both the intensity and the energy of incident radiation, has the highest energy resolution and the clearest image tendency. Hence, biophotonics instruments with a semiconductor detector are likely to be more expensive.

Worldwide Biophotonics Market

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Key Topics Covered in the Report

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

  • Affymetrix Inc.
  • Andor Technology
  • BD (Becton, Dickinson and Company)
  • Carl Zeiss AG
  • Olympus Corporation
  • Hamamatsu Photonics K.K
  • Zecotek Photonic Inc.
  • Idex Corporation
  • IPG Photonics
  • Oxford Instruments Plc

Notable Emerging Companies Mentioned in the Report

  • Lumicks
  • Creoptix
  • ThnikCyte
  • PhotoPharmics
  • Impedimed
  • Norlase
  • Vivosight
  • Speclipse

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

  • Biotechnology - Therapeutics and Diagnostics Companies
  • Pharmaceutical Companies
  • Manufacturers of Diagnostic Kits and Instruments
  • International Agency for Research on Cancer (IARC)
  • Neural Regeneration Research Organizations
  • Research Drug Monitoring Authorities
  • AI Solution Providers for Drug Discovery
  • Medical Devices manufacturers
  • Government Ministries and Departments of Healthcare

Period Captured in the Report

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

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

Global Biophotonics Market: Ken Research

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Sunday, November 27, 2022

Malaysia Online Insurance Market Growth, Trends, Developments and Outlook to 2026F: Ken Research

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How Online insurance industry is positioned in Malaysia?

Malaysia Online Insurance Market display a stable growth since 2016 growing at single digit CAGR ~%. Online Insurance market revenue stood at RM ~ Mn at 2018 and witnessed massive growth at a CAGR of ~% due to the impact of Covid-19 pandemic. Out of total insurance market, online has very insignificant share standing at ~X%. The online insurance industry is still in the nascent stage and insurance market in Malaysia is also still in the growth stage, growing at a CAGR of ~XX%. The online market players have been segmented into three segments, online insurance and online aggregator’s insurance providers. The major regulatory bodies are PIHM, Bank Negara Malaysia, PIAM among others managing the insurance industry and also managing the online insurance market. The major segments in insurance industry are General Insurance, General Takaful, Life Insurance and Family Takaful.

The market for both online captive players and online aggregators is concentrated among very limited number of players. The top 4 players in the captive segment covers more than three fourth of the total market share in terms of gross direct premiums. While in case of online insurance aggregators, the top two players owing majority of the market. The government’s policy of insuring the uninsured has progressively pushed insurance penetration in Malaysia and led to a proliferation of insurance schemes.

Malaysia Online Insurance Industry Segmentation Basis Gross Premium

Insurance market segmentation Product Type (Life Insurance, Family Takaful, General Takaful, General Insurance)

Online Insurance Industry in Malaysia can be segmented based on Product Type: Life Insurance, Family Takaful, General Takaful, and General Insurance where General Insurance accounting for highest share at XX% as compared to Life Insurance, Family Takaful and General Takaful on the basis of revenue generated in the year 2022. General insurance increased acceptance for online registrations, and expected to dominate the online insurance market in Malaysia owing to increased focus of companies on sales of motor, travel, personal accident, etc.

General Insurance segmentation by product type (Personal accident, Employers’ liability, Motor Insurance, and Medical & Health)

General insurance industry in market can be segmented basis on product type: Personal accident, Employers’ liability, Motor Insurance, and Medical & Health where Motor Insurance has the highest share-acquiring majority of the market share at ~XX% as compared to Personal accident, Medical & Health and employer’s liability. Motor Insurance, constitutes majority of market due to increased registrations, awareness of online insurance, less dependency on agents system when compared to life insurance where an agent model is preferred.

By Gross direct premium (Aggregators, Company owned website, and financial advisors)

Online Insurance Industry in Malaysia can be segmented based on Premiums: Aggregators, Company owned website, and financial advisors where financial advisors accounting for majority share at XX% as compared to others on the basis of Gross direct premium in the year 2021.

Insurance market segmentation based regional split (Penang, Klang Valley & Selangor and Johor)

Online Insurance Industry in Malaysia can be segmented based on regions: Penang, Klang Valley & Selangor and Johor where Klang Valley & Selangor accounting for majority of the market share at XX% as compared to Penang and Johor on the basis of revenue generated in the year 2021. Klang Valley has the highest urban working population in Malaysia, which forms the majority of insurance buyers. Majority of the companies are headquartered in Kuala Lumpur leading to an increased accessibility.

Malaysia Online Insurance Industry Covid Impact

Malaysia online insurance industry has seen double digit growth at the CAGR of XX% since 2019. The pandemic experience has increased consumer awareness of the need for risk protection, in particular for healthcare. Recent trends reveal that people prioritize insurance post COVID-19 and that they prefer moving their purchase journey online. ReMark’s survey showed that online sales have boomed in Malaysia with more than twice as many purchases via contactless channels in 2020 (26.9%) than in 2019 (12.5%), and it’s unsurprisingly the youth who are leading the charge, given their interest in life and medical products and comfort in using automated technology have both increased.

While sales of health insurance picked up, travel insurance suffered due to various countries’ imposition of travel bans and the public’s general reluctance to engage in non-essential travel.

URUS was a holistic assistance package to assist vulnerable borrowers impacted by COVID-19 who continued to experience cash flow difficulties. It offered repayment assistance and development support, including personalized financial plans, financial education programs and avenues to supplement incomes and obtain other development support via referrals to AKPK’s Social Synergy Network.

malaysia-online-insurance-market

Comparative Landscape In Malaysia Online Insurance Market

Competition is observed to be concentrated in the Malaysia Online Insurance Market with majority of market being acquired by two or three largest players. The comparison has been built on multiple factors which includes monthly and daily active users, financial parameters, company information, different models among others.

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Malaysia Online Insurance Market Future Outlook And Projections

Malaysia online insurance market is expected to expand with a double digit CAGR at XX% in between 2021 and 2026 on the basis of Gross Direct Premium. It is anticipated that Malaysia online insurance market will grow owing to factors such as increased government focus, technological developments, development of Aggregators and increased convenience. The market will pick up for both Motor and Non-Motor Insurance. After the pandemic, it is being forecasted that technology, in the form of automation and personalization, will dominate the insurance landscape, prompting Insurtech players to further diversify their products and services, and forcing incumbent Insurance Companies to adapt to technological advancements. General Insurance will dominate the Online Insurance Market in Malaysia owing to the increased focus of companies on sales of motor, travel, personal accident, etc. online. Companies are developing these categories at present.

Key Segments Covered in Malaysia Online Insurance Industry

Malaysia Online Insurance Market

By Product type of Insurance basis Gross Premium

Life Insurance

Family Takaful

General Takaful

General Insurance

By Product type of General Insurance basis Gross Premium

Motor Insuranc

Medical & Health

Employer’s liability

Personal accident

By Type of Entity basis Gross Premium

Captive Players

Aggregator Players

Financial Advisors

By Region basis Gross Premium

Penang

Johar

Klang Valley & Selangor

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Key Target Audience

Insurance players

Online Insurance Captive players

Online Insurance Aggregators players

Insurance Technology provider

Insurance users

New Entrant in Online Insurance space

Associated or affiliated Banks with Insurance entities

Regulatory Bodies for Insurance entities

Time Period Captured in the Report:

Historical Period: 2016-2021

Forecast Period: 2022-2026F

Companies Covered:

Online Insurane Aggregators

Policy Street

Bjak

Qoala

Online Insurance Captive Players

Liberty Insurance

Axa Affin Insurance

eTiQa Insurance

AIA Malaysia

Takaful Ikhlas

Tune Insurance

Zurich Insurance

Chubb Insurance

Allanz Malaysia Berhad

FWD Takaful

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

Malaysia Online Insurance Market

Related Reports By Ken Research:-

Singapore Online Insurance Market Outlook to 2026

Thailand Online Insurance Market Outlook to 2027F

UAE Online Insurance Industry Outlook to 2024

Friday, November 25, 2022

An increasing ageing population, changing lifestyles, and increased private and public health care expenditure are driving growth of India Dental Services Market: Ken Research

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“The Dental Services Market in India saw a dip in the growth rate in FY’2021 due to the Covid-19 pandemic and dental clinics being shut down, but with everything opening back up the growth rate has gone back up.”

India Dental Services Market Overview: The India Dental Services Market is currently at the growth stage owing to the rising independent dental clinics, demand for cost efficiency, personal attention and upgradation in technology. Highest share of revenue is generated from organized and unorganized dental chains, owing to the low cost of treatments offered and convenience (easily accessible as near to their residence). Due to government policies such as National Oral Health Program, increase in the number of dental colleges and labs are further driving the market.

Growing Dental Tourism: Due to low-cost treatments available in India, there is a sharp rise in dental tourism, putting India and its dentists on the world map. With proper planning, tourists can have immediate dental treatment with less waiting time. India offers a proper infrastructure for healthcare; dental clinics have experienced staff and work with the latest equipment and technology. With mandatory implementation of nursing home act for hospitals and clinics, registered dental hospitals and clinics have to follow strict sterilization standard and waste management protocols.

Challenges Faced by India Dental Services Market: There are no regulations on prices, and there is limited oversight on the quality of dental services in India. Standardization has the potential to drive dental insurance, which is missing from the Indian health insurance landscape thus adding a larger customer base.  In India, there is no provision to have dental health included in the medical insurance, unless it is an accidental case. Increasing privatization, lack of standardization and transparency, no proper government control and people’s perception and attitude towards oral health are the key challenges faced by India Dental Services Market.

Impact of Covid-19 on India Dental Services Market: COVID-19 has a double-impact on dental professionals; dental clinics had to be upgraded to practice safety measures and in spite of this, there was dearth in patients due to fear of infection – all resulting in greater economic strain. Above 93% of the dental clinics followed all the safety measures instructed by WHO and the government, although there was a section of dentists who faced difficulty in acquiring the necessary PPE kits for personal safety. The persistence of the pandemic has led to changes in the guidelines are now more focused on protective measures to limit the spread of infection rather than suspending the procedures. Dentists have adopted new routines like wearing PPE kit, eye shields etc., in addition to the economic burden they face in the current scenario.

According to the research report India Dental Services Market Outlook to FY’2027F – Driven By Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government’s Strong Initiatives in Healthcare System states that the Dental Services Market in India is expected to grow at a positive CAGR of 9.6% during FY’2022-FY’2027F, owing to the rising adoption of teeth appearance improvement procedures, orthodontics segment is expected to witness a fast growth. Prevalence of dental disorders and increasing number of small and private dental clinics will lead to an increase in the number of dental chains in the country.

india-dental-service-market

Key Segments Covered:-

India Dental Services Market:

By Types of Services: 

Endodontics

Cosmetic Dentistry

Prosthodontics

Orthodontics

Periodontics

Implantology

Others (wisdom teeth removal, facial trauma, corrective jaw surgery and other minor surgeries)

By Revenue Division

Domestic

International Tourist

By End Users

Dental Clinics (Organized + Unorganized)

Hospitals

By Dental Clinics

Unorganized Dental Clinics

Organized Dental Clinics

By Cities

Tier-1

Tier-2

Tier-3

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Key Target Audience:-

Dental Service Providers

Dental Equipment Distributors

Dental Equipment Manufacturers

Dental Clinics

Hospitals

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: FY’2017-FY’2021

Base Year: FY’2022

Forecast Period: FY’2022– 2027F

Companies Covered:-

Dental Services Providers

Clove Dental

Partha Dental Skin & Hair

Orthosquare Dental Clinic

Sabka Dentist

Apollo White Dental

Key Topics Covered in the Report:-

India Dental Services Market Overview

India Healthcare Overview

Ecosystem of India Dental Services Market

Business Cycle and Genesis of India Dental Services Market

End User Analysis of India Dental Services Market

Consumer Journey in India Dental Services Market

Industry Analysis of India Dental Services Market

Key Growth Drivers in Dental Service Market in India

Major Challenges and Bottlenecks in India Dental Services Market

Regulatory Framework in India Dental Services Market

Competitive Landscape in in India Dental Services Market

Market Share of Major Dental Services Providers in India Dental Services Market

Detailed Analysis on India Dental Services Market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2022-2027F)

Market Opportunity and Analyst Recommendations

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

India Dental Services Market

Related Reports By Ken Research:-

Malaysia Dental Services Market Outlook to 2026F

Vietnam Dental Services Market Outlook To 2023

Singapore Dental Services Market Outlook to 2026F

Indonesia Dental Services Market Outlook to 2026F

Qatar Auto Finance Market is expected to reach QR 18.9 Bn in 2026F: Ken Research

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  • Qatar will host the FIFA World Cup 2022 which is expected to increase the tourist flow (more than 1 mn tourists are expected to arrive in Qatar by the end of 2022) which will directly benefit the local business and automobile sector of the country.
  • Electric vehicles are eco-friendly and help Qatar in sustainable development and maintaining green environment. To maintain the environment, the banks are proving attractive offers of up to 100% loan to Qatari population on electric vehicle purchasing. It motivates the people to opt for electric vehicle.
  • The Qatar Financial Center provides an opportunity for local and international companies to establish a wide range of banking, asset management, and insurance businesses under a legal and regulatory system based on global best practices.

Qatar Auto Finance Market Outlook

Embracing Digitalization: Automotive Financing Companies are increasingly moving towards higher technological advancements to improve operational profits as well as customer experience. Car buyers are becoming increasingly willing to buy their next car online and to value “one-stop-shop” solutions offering guidance and personalization.

Change in Population Demographics: Permanent Population Committee (PPC) launched population policy in 2017 in order to promote growth of Qatari population.

This aims to reduce recruitment of foreign nationals and therefore will reduce expat population by increasing labor regulations. Various measures will be implemented to eliminate surplus laborers in the country, including conducting studies on illegal and domestic workers.  As expats demand the majority of auto loans, these policies are affecting the market negatively.

Government Policies: National Vision 2030 by the Qatar government has massive plans for the economy targeting to improve employment figures that might be fruitful for the auto finance market as well. Qatar National FinTech Taskforce was set up in 2017 to create a strong and sustainable FinTech ecosystem. As part of the FinTech Strategy, QCB has launched “sandbox” technology for computer security. As part of Covid-19 measures, QCB also infused capital into MSMEs of systemically important sectors to neutralize impact of Covid-19.

Analysts at Ken Research in their latest publication Qatar Auto Finance Market Outlook to 2026F- Driven by Increasing Vehicle Prices and Low-Interest Rate in The Country” By Ken Research observed that Qatar auto finance market has witnessed a decline in growth rate over the historical period. The shortage of semi-conductor chips, reduction of expatriate population and impact of COVID 19 has caused reduction in demand for auto loans in the country. However, the rising Auto Finance consciousness among the population, along with increasing loan facilities, customer taste, and preference, and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecasted period. The Qatar Auto Finance Market is expected to grow @2.8% CAGR over the forecasted period 2021-2026F.

Key Segments Covered

Qatar Auto Finance:

  • By Type of Vehicle financed
  • New
  • Used
  • By Tenure (for New and OldVehicles):
  • 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

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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 insights on the market intelligence, refer to the link below: –

Qatar Auto Finance Market Outlook to 2026F: Ken Research

Related Reports

Singapore Auto Finance Market Outlook to 2025 (Edition II)

Singapore Auto Finance Market Outlook to 2025

Philippines Auto Finance Market Outlook to 2024