Global Market Research Reports : Ken Research

Monday, January 9, 2023

Strong government initiatives as well as high consumer demand are some of the key factors in the Philippines’ logistics sector. Ken Research

The growth of e-commerce in the country along with infrastructural improvements in the logistics sector are some of the major factors contributing to the development of the logistics market in the Philippines.

Expansion of logistics in the country: The Philippines’ logistics industry is expanding and it contributes 4-6% to the country’s overall GDP. Food and Beverage, manufacturing, electronics, automotive, pharma, and other sectors contribute significantly to the Philippines' logistics market's revenue. The demand for cold storage facilities from the pharmaceutical and healthcare sectors, QSRs, meat and poultry business, dairy products, and other perishable goods have led to the growth of the cold chain market.

philippines-logistic-market

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Technological advancement at a faster pace: The e-commerce boom, and increased use of cutting-edge technologies in supply chain automation and digital platforms to promote efficiency, are all contributing to the Philippines' logistics sector's rapid growth (CAGR - 6.3%). The increase in logistics activities at the start of COVID-19 was a major factor in the growth of the Philippines warehousing business.

The development plans by the Philippines government: After years of neglect, the Philippines railway network is again seeing a revival. The national budget for 2021 contained plans for the region's infrastructure upgrade. The Department of Transportation was allotted $1.3 billion to focus on the construction of rail, land, public, and maritime infrastructure, which has resulted in the growth of the logistics and shipping industry in the Philippines. A 163-route kilometer suburban railway network called the NSCR is planned to link the regional growth hubs of Clark and New Clark City.

Low connectivity and high logistical costs: Due to its terrain, the Philippines has different logistical needs. Low connectivity and high logistical costs are problems on the islands that are far from the economic hubs. In the Philippines, many firms still use manually operated procedures and dependence on human resources increases the potential for mistakes that leave customers dissatisfied.

Analysts at Ken Research in their latest publication “Philippines Logistics Industry Outlook to FY’27F- Driven by Infrastructural Developments, Technological Advancements, and Government Support” observed that the Philippines Logistics Market is in a growing phase. Increased budget allocation for infrastructural development in the region by the government and technological development are some of the factors that will contribute to the Philippines’ Logistics market growth over the period of 2022P-2027F. It is expected that the Philippines Logistics Market will grow at a CAGR of 8.2% for the above-forecasted period.

Key Segments Covered in the report: -

Philippines Logistic Market

Market Segmentation by Services

Freight Forwarding
Warehousing
CEP
Value Added Services

Philippines Freight Forwarding Market

By Mode of Freight

Sea freight
Road Freight
Air Freight

By Type of Freight

International Freight
Domestic Freight

Philippines Warehousing Market

By Type of Warehouses

Industrial Freight/Retail
Container Freight/ICD
Cold storage
Agriculture and Others

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Philippines Cold Chain Market

By Type

Cold Storage
Cold Transport

Cold Storage Market

By Temperature Range

Frozen
Chillers
Ambient

By Automation

Automated Pallets
Non-Automated Pallets

By Major Cities

Metro Manila
Cebu
Mindanao
Other

Cold Transport Market

By Truck Type

Reefer Vans/Trucks (1 to 10 Tons)
20-foot reefers (10 - 20 Tons)
40-foot reefers and others (more than 20 tons)

By Mode of Transportation

Land
Sea
Air

By Location

Domestic
International

By Vicinity

Inter-city
Intra-city

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Philippines Express Logistics Market

By Location

Domestic
International

By Vicinity

Inter-city
Intra-city

By End Users

Food and Beverage
Textile and Footwear
Pharmaceuticals
Electronics
Chemicals
Others

Key Target Audience

Total Logistics Companies
Contract Logistics Providers
E-commerce Companies
Third-Party Logistic Providers
Potential Market Entrants
Freight Forwarding Companies
Warehousing Companies
Cold Storage Companies
Industry Associations
Consulting Agencies
Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F

Companies Covered:

Philippines Logistics Market Companies:

Royal Cargo
W Express (DHL)
2Go Logistics
Yusen Logistics
AAI Logistics
FSTA Trucking
Inland Logistics
Chelsea Logistics
RLH Trucking
Airspeed
Agility
LF Logistics
Rhenus Logistics
Fastcargo Logistics

Philippines Warehousing Market Companies:

Fastcargo Logistics
LF Logistics
Royal Cargo
2Go Logistics
Nippon Express
Mets Logistics
Expeditors
Kintetsu World Express
Agility
AAI Logistics
Orient Freight International Inc
AGX Logistics
KB1 Logistics

Key Topics Covered in the Report

Infrastructure Overview of the Philippines
Philippines Logistics Market, 2017 – 2027F
Ecosystem- Philippines Logistics Market
Philippines Logistics Market Size, 2017-2022P
Philippines Logistics Market Size, 2017-2022P
Regulatory Landscape for Philippines Logistics Market
SWOT Analysis of Philippines Logistics Market
Growth Drivers for Philippines Logistics Market
Challenges in Philippines Logistics Industry
Impact of Covid-19 on Philippines Logistics Market
Philippines Logistics Future Market Size, 2022P-2027F
Philippines Freight Market Executive Summary
Industry Ecosystem and Value Chain Analysis of Philippines Freight Market
Philippines Freight Market Size, 2017-2022P
Philippines Warehousing Market Executive Summary
Business cycle and Genesis of Philippines Warehousing Market
Philippines Warehousing Market Overview, 2017-2022P
Philippines Cold Chain Market Executive Summary
Business Cycle of Philippines Cold Chain Market
Philippines Cold Chain Market Size, 2017-2022P
Philippines Cold Chain Market by Cold Storage and Cold Transport, 2017-2022P
Market Sizing Analysis of Philippines CEP Market, 2017-2022P
Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
Philippines E-commerce Market Overview, 2017-2022P
Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
Philippines Logistics Industry Segmentation by End Users
Competitive Scenario of Logistics Players in Philippines
Analyst Recommendation

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Future Outlook of Philippines’ logistics sector

Related Reports by Ken Research: -

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

Government initiatives to promote digital infrastructure have resulted in increased sales of used smartphones in Malaysia: Ken Research

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Focused Government initiatives, increase in the upgrade cost and delayed availability of new handsets owing to supply chain constraints during the COVID-19 pandemic boosted the growth of the Used Smartphone Market in Malaysia.

Malaysia Used Smartphone Market Overview: The Used Smartphone Market in Malaysia is currently in the growing phase and is a highly fragmented market. The market has been driven by increasing smartphone and internet penetration along with digital transformation due to the adoption of the 5G network, a high proportion of low- to mid-income consumers and rising prices of new smartphones. Malaysia Used Smartphone Market grew from nearly 13% in 2016 to about 15% in 2021 in terms of revenue generated, due to the growing demand for Used smartphones in the country.

malaysia-used-smartphone-market

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Challenges Faced by Malaysia Used Smartphone Market: Improper pricing strategy and vulnerability to malware and hacking issues are some of the major challenges of this industry. With no standardized approach and the industry being at a nascent stage, consumers have to pay for the fluctuating prices. Malaysia has frequent price-drop periods throughout the year which pose another challenge to the frequency of sales. Over the years, shoppers have been trained to wait for price drops. Thus, instead of buying used smartphones, they can get new ones during the same period.

Supportive Government Initiatives: The Malaysian government launched the MyDIGITAL initiative as a part of the Malaysia Digital Economy Blueprint. This initiative is a part of the government’s plan to transform Malaysia into a digitally driven, high-income nation and a regional digital economy leader by 2030. With this initiative, the Used Smartphone Industry in Malaysia is gaining traction as the majority of the services are expected to go digital, which will require devices that can access the internet.

Covid-19 Impact on Malaysia Used Smartphone Industry: The growing digitization, virtual classes, remote working, and virtual socialization during the Covid-19 pandemic led to smartphones being an indispensable part of life. Digital solutions required compatibility of devices with cutting-edge technology, and it became a driving factor for the rise in sales in the smartphone market. However, the pandemic has caused a hike in the average selling prices of new smartphones due to various factors such as disproportionate supply and demand, an inefficient supply chain, a decline in shipping due to travel restrictions, and fewer new launches. During this period, people were looking for more sustainable options which led to the acceleration of sales of Used Smartphones in Malaysia.

Analysts at Ken Research in their latest publication “Malaysia Used Smartphone Market Outlook to 2026F- Driven by increasing prices of new smartphones, greater environmental awareness and Government initiatives like the adoption of 5g network” by Ken Research observed that Malaysia Used Smartphones Market is in a growing phase. Increasing smartphone penetration, rising awareness to reduce electronic wastes, high proportion of low to mid-income consumers, increasing prices of new smartphones and adoption of 5G network are some of the factors that will contribute to the growth of Malaysia Used Smartphone Market over the period of 2022F-2026F. It is expected that Malaysia Used Smartphone Industry will grow at a CAGR of 14.9% for the above forecasted period.

Key Segments Covered: -

By Distribution Channel

Unorganized
Organized

By Marketing Channel

Offline Dealers
Classified
Online Marketplace

By Source of Lead Generation

Dealership Walk-ins
Online

By Sourcing Medium

Retail Customers
Businesses
Telephone Operators
OEM’s

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By Type of Sales

By Brand of Smartphones

Apple
Samsung
Xiaomi
Others

By Age of Smartphones

0-12 months
12-24 months
24-36 months
36-48 months
>48 months

By Price of Used Smartphones

Lower end phone
Mid-range phone
Upper end phone
Premium phone

By Purchase across Major Cities

Kuala Lampur
Seberang Perai
Petaling Jaya
Others

By Type of Network

By Battery Capacity

<3000 mAh
3000-5000 mAh
>5000 mAh

By Operating System

Android
iOS
Others

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By Screen Size

<4.5 inch
5-5.5 inch
>5.5 inch

Key Target Audience

Smartphones companies
Network Providers
Government Bodies and Regulatory Authority
Fintech Companies
Investors and Financiers
Smartphones Service Providers
Cell Phones Industries
Venture Capitalist
Smartphones Manufacturers
Existing Cell Phone Companies
New Market Entrants

Time Period Captured in the Report:

Historical Period: 2016-2021
Base Year: 2021
Forecast Period: 2022F– 2026F

Companies Covered:

Online Marketplaces

Lazada
Shopee
CompAsia
PG Mall
my
com
Facebook marketplaces
Halomobile
Takumiko
Alibaba
Harvey Norman
Allo Allo

Offline Players

Factory Mobile Dataran Austin
SG World & Finance
Mobile Wholesale City
Berry Nice Enterprise
SS Solution
Sam Digital Enterprise
Machines Suria KLCC Apple Premium Reseller Store
nextfone
APR Electronic Services Sdn. Bhd.

Classified Platforms

Kaskus
Carousell
OLX
Adpost
Adsglobe
Free Ads Time

Omnichannel Players

Apple
Xiomi
Huawei
Samsung
Oppo
Oneplus
Vivo
RealMe

Key Topics Covered in the Report

Malaysia’s Smartphone User Landscape
Malaysia Used Smartphone Market Analysis
Ecosystem of Malaysia Used Smartphone Market
Malaysia Used Smartphone Industry Market Size
Malaysia Used Smartphone Industry Market Segmentation
Value Chain Analysis of Malaysia Used Smartphone Market
Business Cycle and Genesis of Online Players in Malaysia Used Smartphone Market
Competition Scenario of Malaysia Used Smartphone Market
Malaysia Used Smartphones Market Size Future Outlook and Projections
Issues and Challenges in the Malaysia Used Smartphone Market
End User Analysis of Malaysia Used Smartphone Market
Industry Analysis of Malaysia Used Smartphone Market
Trends and Developments in Malaysia Used Smartphone Market
SWOT Analysis on Used Smartphones market in Malaysia
Growth Drivers of Malaysia Used Smartphone Market
Government Rules and Regulations in Malaysia Used Smartphone Market
Impact of Covid-19 on Malaysia Used Smartphone Market

For More Information On The Research Report, Refer To Below Link: -

Future Outlook of Used Smartphone Market in Malaysia

Related Reports by Ken Research: -

Indonesia Used Smartphone Market Outlook to 2026

India POCT Market is forecasted to grow further into ~11,000 Crore opportunity by 2027F: Ken Research

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The increasing prevalence of chronic diseases and the rising awareness about their early diagnosis are some of the major factors contributing to the development of Point of Care Testing in India.

The POCT market in India has grown consistently: The Indian POCT market was basically untapped in early 2000s. The medical community had very little knowledge of POCTs and did not fully comprehend the technology. Due to the price, access to these products was similarly restricted until 2018. Additionally, there was no legislative structure in place to encourage the adoption of POCTs in India. Since 2018, the POCT market in India has grown consistently. The need for remote patient monitoring and home healthcare equipment also contributed to the market's expansion.

Growing Awareness of the Benefits of POCT: Due to COVID-19, sales of point-of-care devices spiked in the fiscal years 2020–21. The POCT market in India is expanding as a result of rising knowledge of the benefits of POCT, including its affordability, accuracy, and convenience, as well as rising rates of infectious illnesses. There is a need for testing that is affordable, accessible, and efficient because of India's extremely dense rural population and the absence of high-end, automated, and expensive diagnostic technologies. The demand for POCT technologies has also expanded as a result of India's exp

anding healthcare infrastructure. As a result, POCT technologies are now more widely used in the healthcare industry.

Regulatory Bodies and Essential Principles: The National Regulatory Authority (NRA), an agency of the Indian government, is in charge of setting standards, approving the manufacture and import of medical equipment as well as the conduct of clinical studies. Taking into account their training and skills, users should be given the information necessary to locate the maker, use the item safely, and guarantee the desired performance. This has resulted in higher user knowledge and more targeted government regulation for the POCT market, which have enabled the development of the relevant market.

Regulatory Challenges and Lacks in Infrastructure Capability: Some of the constraints limiting the growth of the Indian POCT market are strict government regulations and the expensive cost of POCT devices. Another barrier impeding the market's expansion is a lack of staff with the necessary training to operate POCT devices. Additionally, the restricted availability of POCT in rural areas is a significant obstacle, but the market for POCT in India is anticipated to rise as a result of POCT's growing acceptance in underserved and distant areas and the rising need for home healthcare solutions.

India-Point-Care-Devices-Market

Analysts at Ken Research in their latest publication “India Point of Care Testing Devices Market Outlook to 2027F- Driven by the increasing incidence of chronic diseases, rising awareness of rapid diagnosis in India” observed that the India POCT Market is in a growing phase. Increasing awareness of the advantages of POCT, increasing use of smartphones and telemedicine, and growing healthcare infrastructure are some of the factors that will contribute to the India POCT Market over the period of 2022-2027F. It is expected that India’s POCT Market will grow at a CAGR of 17.3% for the above-forecasted period.

Key Segments Covered in the report

India POCT Market

Based on Devices
Blood Glucose Testing Kits
Cardio metabolic Monitoring
Infectious Disease Testing Kits
Blood Gas Electrolytes
Hormonal Testing Kits
Pregnancy Testing Kits
Coagulation Test
Others (Urinalysis Testing Kits, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Lipids, Tumor/Cancer Markers etc.)

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Based on end-user
Hospital
Consumers/individuals
Diagnostic labs
Clinics
Home Healthcare
Others
By Type of Device
Consumables (cartridges, test strips etc.)
Instruments (Main Device)
By Mode of production
Import
Domestic Production

By Region of Sales
Tier-1
Tier-2
Tier-3
By Distribution Channel
Through Distributors to end users
Through Distributors to retailers
Directly

Key Target Audience

Point of Care Companies
Hospitals & Clinics
Government organizations
Medical Devices and Equipment companies
Home Healthcare Companies

Time Period Captured in the Report:

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

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Companies Covered:

Abbott India Limited
Roche Diagnostics
Siemens Healthcare Private Limited
SD Biosensors
Beckman Coulter India Pvt. Ltd.
J Mitra & Co. Pvt. Ltd.
Trans Asia Biomedical
Bio Rad Laboratories
DiaSys India
EKF Diagnostic
Triviton Healthcare Private Limited
Becton Dickinson India Private Limited
India Medtronic Private Limited
Molbio

Key Topics Covered in the Report

Healthcare Industry Overview in India
Market Overview and Genesis of India POCT Market
The ecosystem of India POCT devices Market
Business Cycle and Value Chain Analysis of India POCT Market
Timeline of Major Players in India POCT Market
Market Sizing of India POCT Market, FY’2017-FY’2022
Market Segmentation of India POCT Market
Growth drivers of India POCT Market
Issues and Challenges in India POCT Market
Regulatory Framework of India POCT Market
Trends and Developments in India POCT Market
End User Analysis of India POCT Market
Competition Framework of India POCT Market
Future Outlook and Projections of India POCT Market, 2027F
Market Opportunity and Analyst Recommendations

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

India POCT Market Outlook to 2027F: Ken Research

Europe POCT Device market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024

India POCT Market Outlook to 2023 - By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region

Belgium Remittance Market Outlook 2027F: Ken Research

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Belgium Remittance Market Ecosystem

The Belgium Remittance Market is currently in the growth stage & has both formal & informal payment service providers including banks, money transfer operators, mobile wallets, postal networks etc. The market has been fueled by increased government support for new players, increased migration, improved banking & financial system knowledge & increased awareness towards digital remittance services in the ecosystem. The key players in the market are American Express Company, Visa Inc, Sofort UK Limited, Paypal Payments Private Limited, Bancontact Payconique Company.

Key Market Findings

Remittances in Belgium increased from ~ EUR Million in the second quarter of 2022 from ~ EUR Million in the first quarter of the same year.
The market is expected to grow at a CAGR of ~%
The Belgium Remittance Market is moderately consolidated & is currently in its growth stage.
There is a presence of both formal & informal players in the market including banks, money transfer operators, mobile wallets, postal networks.

Belgium Remittance Market Analysis

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Market Size: The Belgium remittance market has displayed a steady growth when it comes to transaction value driven by an increment in both inbound & outbound remittances. The total value of transaction increased displaying a CAGR of close of 4%. This was driven basically by an increase in outbound remittance, which is led by a robust growth in employment prospects in Belgium & other European countries. Moreover, an appreciation in the currency during the period 2015-2019 is also a supporting factor.

Corona Effect: A lot of jobs were lost around the globe during the period 2020-2021 as a result of which the amount of inbound & outbound remittances declined enormously. The decline in remittance flows in 2020-21 affected Belgium & other European countries drastically with the region showcasing the steepest decline of almost ~%. The impact of COVID-19 is pervasive when viewed through a migration lens as it affects migrants and their families who rely on remittances,” said Mamta Murthi, Vice President for Human Development and Chair of the Migration Steering Group of the World Bank.

Deficit to Surplus: During the year 2020-21, personal remittances came to the rescue of Belgium. The region, thanks to its flow of personal remittances, recorded a current account deficit. Belgium showed a current account surplus of USD ~ Billion. Without personal remittances, this surplus could have easily turned into a current account deficit of USD ~ Billion in 2020.

Analysts at Ken research in their latest publication, “Belgium Remittance Market Outlook 2027F driven by flow type (Inbound & Outbound), by Channel (Bank & Non-Bank), by major flow corridors (America, ASEAN, Middle East, Africa, Australia & Oceania), by income level (lower, middle, high) observed that the Belgium remittance market is experiencing a steady growth while slowly recovering from the pandemic hit. Enhanced market size, personal remittance. It is expected that the Belgium Remittance Market will grow at a CAGR of ~% for the above mentioned tenure.

Key Segments Covered: -

International Remittance Market

By Flow Type

Inbound
Outbound

By Channel

Bank
Non-Bank

By Major Flow Corridors

ASEAN
Middle East
America
Europe
Australia & Oceania
Africa

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By Income Level

Lower Level Income Group
Middle Level Income Group
High Level Income Group

Domestic Remittance Market

By Remittance Channels

Banks
Non-Banks

By Major Flow Corridors

Urban to Rural Areas
Rural to Rural Areas
Urban to Urban Areas

By Income Level

Lower Level Income Group
Middle Level Income Group
High Level Income Group

Key Target Audience

Banks
Money Transfer Operators
M-Wallet Companies
Hawalas
Convenience and Retail Stores
Supermarket Chains
Bills and Payments Companies
Investors & Venture Capital Firms
Government Bodies

Time Period Captured in the Report:

Historical Period –2017-2021
Base Period- 2022P
Forecast Period –2023F-2027F

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Companies Covered:

Major Bank and Non- Bank Channels in Belgium:

Visa
PayPal
American Express
Sofort UK Limited
Bancontact Payconique Company
GoPay
Western Union
Climb Niaga

Key Topics Covered

Belgium Domestic Remittance Market Size (2017-2022P)
Belgium Bill Payments Market Size (2017-2022P)
Belgium International Remittance Market Size (2017-2022P)
Belgium Remittance and Bill Payments Market Overview
Belgium Remittance and Bill Payments Market Ecosystem
Belgium Remittance and Bill payments Market Segmentation (2017-2022P)
Trends and developments
Comparative Landscape including Strength and Weakness of the major Remittance and Bill Payments players
Company Profiles of Major Players
Future Outlook and Projections of Belgium Domestic Remittance Market (2022P-2027F)
Future Outlook and Projections of Belgium Bill Payments Markets (2022P-2027F)
Future Outlook and Projections of Belgium International Remittance Markets (2022P-2027F)
Analyst Recommendation

For More Information On The Research Reports, Refer To Below Link: -

Future Outlook of Belgium Remittance Market

Related Reports by Ken Research: -

Europe International Remittance Market Outlook to 2023

Indonesia Domestic and International Remittance Market Outlook to 2023

USA Military Drone Market Is Expected To Grow With a Positive CAGR of 12.60% between 2022 to 2027F: Ken Research

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Demand for Commercial Drones: Commercial drones have witnessed high demand from different end-user industries like Agriculture, Construction, Public Safety & Emergency Services, Mining, Surveying, etc. The commercial drone segment is expected to overtake the military drone segment in terms of revenue. Commercial drones contribute a revenue of 27% in the total drone market in 2022. Commercial drones will be adopted on a dynamic scale and will be one of the cornerstones for the future of logistics and will have the ability to access difficult hard-to-reach locations.

usa-drone-market

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Change in Prices of Drone Hardware, Software and Services: Prices of drone hardware, software, and services will continue to fall as drone companies compete for market share through penetration pricing. Improved drone autonomy and continued growth in the number of licensed, gig economy drone pilots will further lower the cost of drone adoption. This trend will improve the return on investment for enterprise drones and encourage more businesses to expand pilot programs over the next few years.

Increased Use by End Users: Range delivery by drones can serve medical purposes in hard-to-reach areas of the world. Zipline, a Silicon Valley startup, delivers blood and vaccine supplies to African countries lacking infrastructure. In these areas, flying is more efficient than driving and can be an effective substitute for more expensive solutions like helicopters.

Battery Range Issues: Battery power is causing an issue for users in terms of moving forward with the way in which drones can be used but progress is being made. This item is of particular interest when it comes to covering large areas in mapping applications, infrastructure monitoring or travelling long distances when delivering packages or medicines.

Analysts at Ken Research in their latest publication USA Drone Market Outlook to 2027F- by Ken Research observed that USA Drone Market is in a growing phase. Advanced technology, Intelligent mapping, low costs and unmanned aerial transport are some of the factors that will contribute to the USA Drone market growth over the period of 2021-2027F. It is expected that USA Drone Market will grow at a CAGR of 9.39% for the above-forecasted period.

Key Segments Covered in the report: -

USA Drone Market by Revenues and Number of drones, 2017-2027

By Type of Drones by Number of Drones, 2022 and 2027

Hybrid Drones
Fixed Wing Drones
Rotary Blade Drones

By Region by Revenue, 2022 and 2027

West
South East
South West
North East
Midwest

By Commercial End Users by Number of Drones, 2022 and 2027

Construction and Inspection
Media
Agriculture
Oil and Gas
Others
Logistics
Mining

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By Weight by Number of Drones, 2022

25 kgs-150 kgs and more
2 kgs-25 kgs
<2 kgs

By Mode of Operations by Number of Drones, 2022 and 2027

Remotely Operated
Fully Automated
Semi-Automated

Key Target Audience

Investors
Technology and IT Companies
Government and Institutions
Aeronautical Companies
Farming Associations
Existing Drone Companies
Venture Capitalist
New Market Entrants
Military Agencies

Time Period Captured in the Report:

Historical Period: 2017-2021
Base Period: 2022
Forecast Period: 2023-2027F

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Companies Covered:

Textron
General atomics
AeroVironment
Northop Grumman
Insitu
Skydio
Easy Aerial
Skydio
General Atomics
FLIR
DJI
Parrot
Easyariel

Key Topics Covered in the Report

USA Drone Market Overview

Ecosystem of USA Drone Market

USA Drone Market Evolution and Business Cycle

USA Drone Business Cycle Genisis

Islamic Banking and Car Finance in USA

USA Drone Market by Revenue growth

USA Drone Market Segmentation

SWOT Analysis of USA Drone Industry

Infrastructure Development Overview of USA

Trends and Developments in USA Drone industry

Growth Enablers in USA Drone Industry

Recent Mergers, Acquisitions, Partnerships and Investments in the USA Drone Market Operational Strategies for USA Drone Services Market

Issues and Challenges in USA Drone Industry

Government policies affecting the USA Drone Industry

Government Initiatives for Automotive Industry

Growth Drivers of USA Drone Market

USA Drone Market Competition Overview

Cross Comparison of Major Players in USA Drone Market

Strengths and Weakness of Major Players in USA Drone market

Future Outlook and Market Projections, 2027F

FAA Rules and Regulations for Recreational and Commercial Drone Users in USA

Growth strategies for USA Drone market

For More Information On The Research Reports, Refer To Below Link:-

Future Outlook of USA Drone Market

Related Report by Ken Research: -

Europe Agricultural Drones Market Outlook and Forecast to 2027

The France Baby Food Market Is Growing Owing to Rise in Women Participation, Demand for Personalized Baby Food: Ken Research

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Focus on safety of baby food, organic and milk power-based products are major factor contributing towards development of Baby Food Market in France.

Growing women participation in the labor force: One of the prime reasons supporting the growth in the France baby food market is the rising participation of women in the labor force, which has increased the dependency on packed baby food. Data from World Bank shows that 50.650% of the female population living in France work in 2020. Rising female participation coupled with the growing adoption of baby food is expected to support the market demand.

Reducing birth rates: A key restraint facing the market is reducing the birth rate, which has the potential to hamper market growth. Data from World Bank shows that France's birth rate fell to 11.2 per 1,000 people in 2019, from 12.4 per 1,000 people in 2014. Increasing preference for fewer children has led to lower birth. Furthermore, the rise in the geriatric population has also notably impacted the market. Data from World Bank shows that the proportion of the population aged 65 and above reached 20.753% of the total population in 2020, from 18.881% in 2015.

Increase in cost of the end product: The market is recently also suffering from increase in cost of the end product which is the result of using organic raw materials which come at a higher price than the ones they are replacing. To tackle this problem manufacturers in France are introducing green marketing to make the consumer know about the ingredients and justify the cost.

France Baby Food Market

Unawareness of the products: The growth of the baby food market is reliant on urbanization. Sales for baby packaged foods in remote regions are lesser than in regions including Beaune, Annecy, and many other cities due to a lack of acknowledgment about the product in addition to a choice for the traditional diet.

Analysts at Ken Research in their latest publication “France Baby Food Market Outlook to 2027F- Segmented by Infant Milk Formulae (Standard, Follow-On, Growing-Up, and Special Baby Milk Formula), Dried Baby Food, Prepared Baby Food, Milk Formula and Other Baby Food; Organic Baby Food” observed that France Baby Food Market is in a growing phase. The increase in the population, rising awareness of infant health and a healthy diet, along with increasing economic affluence in the country, investment, and some government initiatives, will lead to Baby Food market growth in France. It is expected that the France Baby Food Market will grow at a CAGR of ~% for the 2022-2027F forecasted period.

Key Segments Covered in the report:

France Baby Food Market

By Food Category:
Dried Baby Food
Prepared Baby Food
Milk Formula
Other Baby Food

By Type of Milk Formula:
Standard Milk Powdered Formula
Follow-on Milk Powdered Formula
Growing-up Milk Formula
Special Baby Milk Formula

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Nature of Food:
Inorganic Baby Food
Organic Baby Food

By Channels of Distribution:
Hypermarkets
Discounters
Supermarkets
Independent Small Grocers
Health and Beauty Specialist Retailers
Other Foods Non-Grocery Specialists
Internet Retailing

By Age Group:
0-6 Months
6-12 Month
12+ Months

Key Target Audience:

Baby Food Manufacturers
Baby Product Manufacturers
Baby Product Distributors
Baby Food Distributors
Government Agencies
Baby Food Retailers
NGOs supporting Baby Health
Pharmaceutical Stores
Online Sales and Retailing Agencies

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Time Period Captured in the Report:

Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027F

Companies Covered:

Bledina
Nestle
Reckitt Benckiser Group plc
Abbott
HiPP
Holle baby food AG
Materna
Baby bio
Danone Group
Groupe Lactalis SA
Sodiaal International
United Pharmaceuticals SA

Key Topics Covered in the Report:

Executive Summary
Ecosystem of France Baby Food Market
France Baby Food Market Overview, Genesis, and Value Chain
France Baby Food Market Size and Segmentation, 2017-2022
Trends and Developments in France’s Baby Food Market
Issues and Challenges in the France Baby Food Market
Snapshot on Emerging Baby Foods in France Baby Food Market
Government Regulations in France’s Baby Food Market
SWOT Analysis and Competitive Landscape of the France Baby Food Market
France Baby Food Market Future Outlook and Projections and Analyst Recommendation, 2022-2027F

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

France Baby Food Market Outlook to 2027F: Ken Research

Turkey Baby Food Market Outlook to 2023 - By Infant Milk Formulae (Standard, Follow-On, Growing-Up and Special Baby Milk Formula), Dried Baby Food, Prepared Baby Food, Milk Formula and Other Baby Food; Organic Baby Food

Inflow of Expatriates, large scale investments by the Government and increasing digitization and integration of E-Wallets has driven the Bahrain remittance Market: Ken Research

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Inflow of Expatriates: Bahrain has been an ex-pat hotspot for decades because of its multicultural environment and a progressive nation which is known to offer a good quality of life to its residents. With the recent economic and political reform, the country has seen tremendous growth in infrastructure development, thus creating more job opportunities and an attractive destination for expatriates. With the increasing inflow of expatriates also increases the inflow of remittance to other countries, thus fueling the Bahrain remittance market.

Bahrain Remittance Market Analysis

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Large-Scale Government Investments: The government has planned to invest billions of dollars to improve infrastructure, industry, housing and connectivity to call for a more diverse economic base. As part of Bahrain’s 2021 Economic Recovery Plan, Bahrain announced over 22 strategic infrastructure projects worth over $30 billion, including the construction of five man-made islands. This emphasis on construction is consistent with the Kingdom’s Vision 2030 economic development strategy. Other than that government has also planned USD 7 billion for the modernization and expansion project which is too executed by BAPCO. In October 2021, the government also launched its Economic Recovery Plan which outlines Bahrain’s post-pandemic economic recovery trajectory and includes key business initiatives across the infrastructure, tourism, financial services and logistics sectors, among others. The investment in these projects will led to more inflow of workers from different countries, thus fueling the Bahrain remittance market.

Increasing Digitization & E-Wallets: With the adoption of the ‘cloud-first’ policy in 2017 by the Bahrain Government, the Country has attracted some of the world’s leading tech players to set up operations in the Kingdom. Most notably, cloud computing giant Amazon Web Services (AWS) launched its hyper-scale Cloud Region in Bahrain in 2019, its first in MENA and a landmark investment. Alongside AWS’s new data centres powering the region’s cloud ecosystem which eventually helped in digitization and introduction of e-wallets which has led to the growth of the remittance market in Bahrain.

Analysts at Ken Research in their latest publication “Bahrain Remittance Market Outlook to 2027F - By International (Inbound & Outbound Remittance), By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors, by Domestic remittance flow corridor” provides a comprehensive analysis of Bahrain’s Remittance Market including market evolution, overview, genesis, market size and market segmentation. The Bahrain remittance market is in the growing phase having a CAGR of ~% from 2017-2021. The increasing inflow of expatriates, digitization, e-wallets and major government investments has led to rise in the growth of Bahrain remittance market. It is expected that Bahrain remittance market will grow at a CAGR of ~% in the forecasted period 2022-2027F.

Key Segments Covered in the report: -

Bahrain Remittance Market

By International Inbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

Banking channels
MTOs
M-Wallets
Others

On the Basis of Inflow Countries (By Value of Transactions)

India
Pakistan
Bangladesh
Sri Lanka
Egypt
Indonesia

By International Outbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

Banking channels
MTOs
M-Wallets
Others

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On the Basis of Outflow Countries (By Value of Transactions)

India
Pakistan
Bangladesh
Sri Lanka
Egypt
Indonesia

By Point of Contact (By Volume)

Branch Pick-up
Mobile Payment & Online Transactions
Prepaid Cards

By Domestic Remittance Flow Corridor (Value of Transactions)

Urban to Rural
Urban to Urban
Rural to Urban

By Channels used (Value of Transactions)

Banking Channel
ADLAs & MTOs
Retailers
Others

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Key Target Audience

Banks
Money Transfer Operators
M-Wallet Companies
Hawalas
Convenience and Retail Stores
Supermarket Chains
Bills and Payments Companies
Investors & Venture Capital Firms
Government Bodies

Time Period Captured in the Report:

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

Companies Covered:

Western Union
RIA Money Transfer
MoneyGram

Al Bakra Bank Group.
Gulf International Bank.
Bank of Bahrain and Kuwait.

Key Topics Covered in the Report

Market Ecosystem and Value Chain
Market Size on the Basis of Transaction Value, 2013–2018
Market Size on the Basis of Transaction Volume, 2013-2018
Market Size on the Basis of Average Transaction Size, 2013-2018
Market Trends, Growth Drivers & Challenges
Market Segmentation by Channels Used (Value of Transactions)
Market Segmentation by Corridors (Value of Transactions)
Market Segmentation by Inflow and outflow of countries (Value of Transactions)
Government Regulations
Migration Scenario
Strengths and Weaknesses of Major Players
Company Profiling
Snapshot on Bill Payment Market
Future Outlook and Projections
Growth Opportunities
Future Market Segmentation
SWOT Analysis
Analyst Recommendations

For More Information On The Research Reports, Refer To Below Link: -

Future Outlook of Bahrain Remittance Market

Related Reports by Ken Research: -

Egypt Remittance Market Outlook to 2023

Kuwait Remittance Market Outlook To 2022

The Belgium Remittance Market is moderately concentrated & in its growth phase driven by the flow of personal remittances: Ken Research

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Deficit to Surplus: During the year 2020-21, personal remittances came to the rescue of Belgium. The region, thanks to its flow of personal remittances, recorded a current account deficit. Belgium showed a current account surplus of ~ Billion. Without personal remittances, this surplus could have easily turned into a current account deficit of ~ Billion in 2020.

Competitive Scenario: The Belgium Remittance market is moderately concentrated with formal & informal players operating in the market at the same time. The market has been fueled by increased migration, increasing government support for new competitors, improved banking knowledge and increased awareness towards digitalized remittance services in the space. The key players operating in the market are HSBC Bank, Lloyds Bank, Visa, American Express, Barclays, Deutsche Bank, Ria Money Transfer. As of 2018, banks dominate the inbound remittance market in terms of volume of transactions followed by MTOs, m-wallets and other channels including postal networks, credit unions and informal channels. MTOs dominate the outbound remittance market of the region in terms of the transaction volume as of 2018.

Belgium Remittance Market Analysis

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Market Restraints: While personal remittances saved the Belgium remittance market to a large extent, Covid still had an impact on the overall growth, hindering the robust growth & causing fluctuations when it came to profit generation. Moreover, Europe’s resistance to the inflow of migrants can also affect the market to a large extent. If this one factor is taken care of effectively, the market is predicted to grow at a CAGR of ~%, generating a total revenue of ~ Billion.

Market Size: The Belgium remittance market has displayed steady growth when it comes to transaction value driven by an increment in both inbound & outbound remittances. The total value of the transaction increased displaying a CAGR of close of 4%. This was driven basically by an increase in outbound remittance, which is led by robust growth in employment prospects in Belgium & other European countries. Moreover, an appreciation in the currency during the period 2015-2019 is also a supporting factor.

Analysts at Ken research in their latest publication, “Belgium Remittance Market Outlook 2027F- driven by flow type (Inbound & Outbound), by Channel (Bank & Non-Bank), by major flow corridors (America, ASEAN, Middle East, Africa, Australia & Oceania), by income level (lower, middle, high) observed that the Belgium remittance market is experiencing a steady growth while slowly recovering from the pandemic hit. Enhanced market size, and personal remittance. It is expected that the Belgium Remittance Market will grow at a CAGR of ~% for the above-mentioned tenure.

Key Segments Covered: -

International Remittance Market

By Flow Type

Inbound
Outbound

By Channel

Bank
Non-Bank

By Major Flow Corridors

ASEAN
Middle East
America
Europe
Australia & Oceania
Africa

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By Income Level

Lower Level Income Group
Middle-Level Income Group
High-Level Income Group

Domestic Remittance Market

By Remittance Channels

Banks
Non-Banks

By Major Flow Corridors

Urban to Rural Areas
Rural to Rural Areas
Urban-to-Urban Areas

By Income Level

Lower Level Income Group
Middle-Level Income Group
High-Level Income Group

Key Target Audience

Banks
Money Transfer Operators
M-Wallet Companies
Hawalas
Convenience and Retail Stores
Supermarket Chains
Bills and Payments Companies
Investors & Venture Capital Firms
Government Bodies

Time Period Captured in the Report:

Historical Period –2017-2021
Base Period- 2022P
Forecast Period –2023F-2027F

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Companies Covered:

Major Bank and Non-Bank Channels in Belgium:

Visa
PayPal
American Express
Sofort UK Limited
Bancontact Payconique Company
GoPay
Western Union
Climb Niaga

Key Topics Covered

Belgium Domestic Remittance Market Size (2017-2022P)
Belgium Bill Payments Market Size (2017-2022P)
Belgium International Remittance Market Size (2017-2022P)
Belgium Remittance and Bill Payments Market Overview
Belgium Remittance and Bill Payments Market Ecosystem
Belgium Remittance and Bill payments Market Segmentation (2017-2022P)
Trends and developments
Comparative Landscape including Strengths and Weakness of the major Remittance and Bill Payments players
Company Profiles of Major Players
Future Outlook and Projections of Belgium Domestic Remittance Market (2022P-2027F)
Future Outlook and Projections of Belgium Bill Payments Markets (2022P-2027F)
Future Outlook and Projections of Belgium International Remittance Markets (2022P-2027F)
Analyst Recommendation

For More Information On The Research Reports, Refer To Below Link: -

Future Outlook of Belgium Remittance Market

Related Reports by Ken Research: -

Europe International Remittance Market Outlook to 2023

Indonesia Domestic and International Remittance Market Outlook to 2023

Development of logistic corridors and multimodal hubs will drive the logistics market in Myanmar; expanding at a CAGR of 12.6% by revenue (USD Mn) during FY'22 and FY'27F: Ken Research

1. Myanmar has benefitted as an economy from the exports that have increased during FY’17 and FY’19

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The exports in Myanmar have increased and manufactured products make up ~40% of total Myanmar exports and continue to rise, followed by agriculture crops, mineral products and marine products. Myanmar’s exports to the United States significantly increased in FY’17 because of large amounts of garments that were exported.

The exports through Sea dominated in Myanmar out of the total export value. The sea was followed by Pipeline which captured around 23% of total exports. Nearly 30% of the exports was to China followed by Thailand and Japan. Garments made up of most of the total exports in Myanmar followed by minerals, Timber, Animal Products, etc.

2. Poor Infrastructure, Political Instability, Rising Fuel Prices are the major challenges in the growth of the Logistics Market in Myanmar

The logistics infrastructure in Myanmar is not up to the mark with ASEAN standards and is the major reason for slow growth of the logistics sector in the past. In the World Bank Logistics Performance Index, Myanmar ranks 137 out of 160 countries.

Its infrastructure score is less than 2 and logistics competence score is merely 2.28. There is a lack of diversified links in the logistics flow corridors and shortcomings of facilities such as transport hubs, truck terminals, dry ports, off-dock facilities and warehouses.

The military takeover of Myanmar on 1 February FY'22 has adversely affected the logistics companies due rising fuel prices, border closures, and a shortage of shipping containers. Declaration of martial law in some Yangon townships has particularly affected the safety of garment sector employees and they considered to leave. About 90% of the drivers in Yangon halted work.

Logistics companies in Myanmar have been affected by rising fuel prices, border closures, and a shortage of shipping containers after the Covid-19 outbreak.

Higher fuel prices and currency liquidity shortages significantly increased the cost of inland transport services. Limited internet and telecommunications capacity in the country further exacerbate the risks facing businesses in Myanmar.

3. To overcome the shortcomings, the government is aiming to establish Myanmar as a Logistics Hub by developing SEZs, Logistics Corridor Development Strategy and National Transport Master Plan

Myanmar has developed special economic zones in three areas – Dawei, Thilawa and Kyaukphyu – for international investors and multinational companies as developers and partners. In the long run, Myanmar is embarking on two poles – Yangon and Mandalay – with growth centers in most regional capitals. Establishment and upgrading the existing industries and the Special Economic Zones (SEZ) are important for Myanmar’s industrial development.

The strategic development of transport nodes is essential to upgrade or to transform a transport corridor into a logistics development corridor. The corridors include the North-South Logistics Corridor between Yangon and Southern China, South-East Logistics Corridor to Thailand, Trans-Myanmar Logistics Corridor connecting Kyaukphyu in Rakhine State with Tachileik in Shan State, Myanmar-India Logistics Corridor, Main River Logistics Corridor, and Coastal Marine Logistics Corridor.

The vision of the NTMP is to develop an efficient, modern, safe, and environmentally-friendly transport system in a coordinated and sustainable manner that embraces all transport modes for the benefit of the country and people of Myanmar.

Sunday, January 8, 2023

Consumer preference to use private vehicle over public vehicle due to cases of Coronavirus has given impetus to Car Rental Market in Bahrain: Ken Research

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Focus on Embracing Digitization, Growing Tourism, New Government Initiatives and Entry of Online portals in the market are major factors contributing towards development of Car Rental Market in Bahrain.

COVID Affected Market Growth: Due to the impact of COVID-19, there has been a substantial decrease in new car sales. In 2020, the market became very distorted that car renting prices became comparable with the cost of brand-new vehicles. Supply and stock problems coupled with high prices are pushing the customers towards the car rental in Bahrain.

Public health concern faced by Bahrain Car Rental Market: Road traffic accidents are becoming a major public health concern, with citizens urging people to pay more attention when driving. As the Kingdom of Bahrain has seen a massive growth in population, there has been a remarkable increase in the number of vehicles and expansion of road networks, according to the World Health Organization (WHO). Additionally, the influx of people on the roads has increased the number of road accidents, injuries, and fatalities. Many of these accidents, injuries, and fatalities could be avoided by people not using their phones whilst driving, paying more attention, and not speeding.

Stringent Government Regulations: Bahrain is affected by a number of short-term restrictions and measures being implemented by the government. As a result of these measures, there has been a decrease in rental volume, but still well positioned relative to most Arabic countries when compared to other countries. Laws such as heavy fines (from BHD50 to BHD500) and prison terms of up to six months for using a mobile phone whilst driving have been enacted in Bahrain, yet people continuously do not stop. No phone call or text is worth causing a major accident which can lead to a fatality or serious injury.

Analysts at Ken Research in their latest publication “Bahrain Car Rental Market Outlook to 2027F- Driven by Type of Market Structure (Organized and Unorganized), by Type of Car (Sedan, Hatchback, SUV, Van, Crossover, Others), By Booking Type (Online booking, Offline booking), By End User Type (Self-driven, Chauffeur) and By Vehicle Type (Economy cars, Luxury cars)”by Ken Research observed that Car rental market is an emerging automotive market in Bahrain at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for car rental industry, with rising tourism in Bahrain is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to the factors mentioned above.

Bahrain Car Rental Market

Key Segments Covered in the report:-

Bahrain Car Rental Market

By Type of Market Structure

Organized Channel

Unorganized Channel

By Type Of Car

Sedan

Hatchback

SUV

Van

Crossover

Others

By Booking type

Online booking

Offline booking

By End User Type

Self-driven

Chauffeur

By Vehicle Type

Economy cars

Luxury cars

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Key Target Audience

Car Rental Dealers

Car Rental Equipment Manufacturers and Distributors

Auto Portals

Online Dealers

Car Booking offices

Unauthorized Dealers

Market Research and Consulting Firms

Automotive Companies

Car Renting Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

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Companies Covered:-

Leading companies

Montreal Motors Co.

SPC

National Car Rental Bahrain

Kanoo Daily Rental

Hanco

Avis Corporation Regency

Rent- A- Car

Fast Rent A Car

City Car

Budget Bahrain

Sixt SE

Al Sayer

Europcar

Key Topics Covered in the Report:-

Executive Summary

Overview for Vehicle Renting Industry in Bahrain

Ecosystem for Bahrain Vehicle Renting Market

Value Chain Analysis for Bahrain Vehicle Renting Market

Market Size of Bahrain Vehicle Renting Industry

Market size for Bahrain Vehicle Renting Industry on the basis of Value and Number of Fleet, 2017-2022

Bahrain Vehicle Renting Industry Segmentation, 2022

Porter’s Five Forces Analysis of Bahrain Vehicle Renting Market

Growth Enablers in Bahrain Vehicle Renting Market

Trends and Developments in Bahrain Vehicle Renting Market

Issues and Challenges in Bahrain Vehicle Renting Market

Government Regulations and Initiatives

End-User Analysis in Bahrain Vehicle Renting Industry, 2022

Cross Comparison between different End Users

Competitive Landscape in Bahrain Vehicle Renting Industry

Marketing Strategies by some Vehicle Renting Companies

Future Outlook and Projections of the Bahrain Vehicle Renting Industry, 2022-2027F

Analyst Recommendations

Industry Speaks

Research Methodology

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

Bahrain Car Rental Market

Related Reports by Ken Research:-

Netherlands Car Rental market Outlook to 2027F

Italy Car Rental Market Outlook to 2027F

Japan Car Rental Market Outlook to 2027F

Monday, January 9, 2023

Sunday, January 8, 2023

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