Investment, Introduction of EVs and infrastructure projects under Vision 2030 are driving KSA Car Rental and Leasing Market

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1. KSA car rental and leasing market generated revenue of SAR ~15 Bn in 2022 and grew at a CAGR of only ~3% over 2017-2022 due to Covid-19 and sluggish economy.

Slow growth in the market during 2016-2017 can be attributed to sluggish economic growth owing to cheap oil which led to fiscal consolidation, weakening investor and consumer sentiment. Also, shortage of liquidity and capital crunch forced companies to cut costs, with even leasing companies were reducing their lease price to be competitive and to stay in business. With introduction of COVID-19 restrictions caused a huge dip in the market demand. On the supply side this led to a large sell off of fleet by major companies.

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2. The market players were also faced with difficulties due to the increase in fuel prices, booking and pricing management, rising marketing costs, and fierce competition.

KSA experienced the largest increase in gasoline/fuel prices, with prices for octane 91 and 95 standing at SAR 2.2 and SAR 2.3 per litre, respectively. As a result, maintaining and monitoring booking data can be difficult, especially when there are price changes or special offers. In the meantime, the introduction of ride-hailing programs and the increasing popularity of online reservations may further split the industry, increasing competition. As the need for digitization has grown over time, so have the marketing expenses associated with creating and maintaining websites and mobile applications. Because of their low consumer conversion rates, new players struggle. For market players, the risk of stealing data, user, and payment information, as well as other things, is a significant concern, particularly for those without an internet presence.

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3. The market will be driven in the future by the growth of tourism, infrastructure developments under Vision 2030, and economic diversification in non-oil sectors.

Growing tourism in the kingdom's western region, supported by new hospitality and tourism initiatives like red sea development and the introduction of e-visas for visitors from 49 countries for reasons other than religious and medical tourism will give a boost to KSA Car Rental and Leasing Market. Apart from this Vision 2030 is also encouraging new commercial entities to set up in the country which has increased demand for fleet management, leasing and last mile delivery during the recent period.

Technology isn’t just evolving the way people rent cars, it is completely transforming the experience, with rental vehicle’s operation, performance, and maintenance being made available in real time. Such features are tremendous assets for drivers and fleet managers, enabling them to more efficiently identify risks and implement timely improvements of their rental services. Car Rental and Leasing Companies are increasingly moving towards digitization to improve operational profits as well as customer experience. Online car rental booking services in the form of mobile applications and websites has been gaining popularity in KSA, which has enhanced user experience by making the process quicker and more convenient by showing the customer the range of cars at a one stop shop.

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

KSA Car Rental and Leasing Market Outlook to 2027F: Ken Research

Thailand Used Smartphone Market is in the Growing Stage, Driven by Increasing Smartphone Penetration Along with Digital Transformation and Reduction in Electronic Waste: Ken Research

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Growing popularity of online marketplaces for the sale of used smartphones has substantially increased in Thailand. Easy EMI options, cash on a delivery, a wide variety of options, free home delivery, and other features offered have elevated the penetration of e-commerce platforms.

Covid Led Growth: There was a positive influence of Covid-19 in this market due to the shift from in-office work to work-from-home and online classes which influenced the purchase of used smartphones. During Covid-19, there was a fall in the income of consumers and therefore they were more inclined towards used smartphones.

Rising Government Support: Government policies including the promotion of the digital economy, the development of smart cities, and the allocation of 5G frequencies ensure that mobile telecoms infrastructure extends across Thailand, helping to stimulate stronger demand from consumers in new parts of the country.

Affordable Prices for Low to Mid-Income People: Used smartphones are cheaper than new smartphones and some people have a tendency of changing their smartphones frequently thus buying a used smartphone becomes feasible for them and this purchase pattern boosts the market. The high proportion of low to mid-income group, who cannot afford new smartphone, buy theses used phones.

Changing Technology for Smartphones and Gadgets: Scope for refurbished phones in Thailand has grown multifold. With the launch of new smartphone models, rapidly changing technology and gadgets becoming outdated than usual has given opportunity to this market.

Analysts at Ken Research in their latest publication- “Thailand Used Smartphone Market Outlook to 2027F- Driven by increasing smartphone penetration, reduction in electronic waste and adoption of 5G network” by Ken Research provides a comprehensive analysis of the potential of the used smartphones market in Thailand. Reduction in electronic waste and increasing prices of raw materials of a new smartphone are expected to contribute to the market growth over the forecast period. Thailand used smartphones market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F.

Key Segments Covered:-

Segmentation by Type of Distribution Channel

Organised

Unorganised

Segmentation by Type of Marketing Channel

Offline dealers

Online marketplace

Classifieds

Segmentation by Source of Lead Generation:

Dealership walk-in

Online

Segmentation by Type of Sales

B2C

C2C

Segmentation by Type Battery Capacity

<3000mAh

3000mAh-5000mAh

>5000mAh

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Segmentation by Age of Smartphone

0-12 months

12-24 months

24-36 months

36+ months

Segmentation by Sourcing Medium

Retail Customers

Business

OEM’s

Telephone Operators

Segmentation by Type of Network

2G

3G

4G

5G

Segmentation by Screen Size

<4.5 inch

4.5-5.5 inch

>5.5 inch

Segmentation by Operating System

<4.5 inch

Android

IOS

Others

Segmentation by Price of Used Smartphone

Upper-end smartphones

Low-end smartphones

Mid-range smartphones

Low-end smartphones

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Key Target Audience

Smartphones companies

Government Bodies and Regulatory Authority

Investors and Financiers

Smartphones Service Providers

Thailand Cell Phones Industries

Venture Capitalist

Smartphones Manufacturers

Existing Cell Phone Companies

New Market Entrants

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2022P–2027F

Companies Covered:-

Online Players -

Compasia

Swopmart

Ebay

TG fone

Shopee

Lazada

Allo allo

Omni Channel Players -

Oppo

Istore

Samsung

Classified Platforms -

Locanto

Big go

Tarad.com

Baht sold

Payment Gateways/Partners -

Paypal

Ipay88

Siampay

omise

E-Commerce platforms –

Kaidee

Alibaba.com

Key Topics Covered in the Report                         

Executive Summary

Ecosystem of Used Smartphones Industry

Business Lifecycle and Value Chain Analysis of Used Smartphones Industry

Business Models of Major Entities in the Used Smartphones Industry

Ratio of Used and New Smartphones in Thailand

Customer Preferences and Buying Decision Behaviour in Used Smartphone Industry

Market Size of New Smartphones Industry by Transaction Value and Sales Volume

Introduction on Thailand Used Smartphones Market

Market Size of Used Smartphones Industry by Transaction Value and Sales Volume

Market Segmentation of Used Smartphone Industry by distribution channel, type of marketing channels, source of lead generation, sourcing medium, sales, brand of smartphones, prices of used smartphones, age of used smartphones, across geographies, type of network, battery capacity, operating system, screen size

Process of Quality Checks and Documentation Requirements Undertaken by Used Smartphone Entities in Thailand

Competitive Scenario of the Online Used Smartphone Industry

Issues and Challenges in Online Used Smartphone Market

Trends and Developments in the Used Smartphone Industry

SWOT Analysis of the Used Smartphone Industry

Porter’s Five Forces analysis of the Used Smartphone Industry

Growth Drivers of Used Smartphone Industry

Challenges and Restraints in the Used Smartphone Industry

Government Rules and Regulations in the Used Smartphone Industry

Impact of Covid-19 and Government Regulations on Used Smartphone Industry

Future Market Size of Used Smartphones Industry by Transaction Value and Sales

Future Market Size of Online Used Smartphones Industry by Transaction Value

Future Market Segmentation of Used Smartphone Industry by distribution channel, type of marketing channels, source of lead generation, sourcing medium, sales, brand of smartphones, prices of used smartphones, age of used smartphones, across geographies, type of network, battery capacity, operating system, screen size

Industry Speaks

Analyst Recommendations

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

Thailand Used Smartphone Market

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Indonesia Used Smartphone Market Outlook to 2026

Malaysia Used Smartphone Market Outlook to 2026F

Rising Investments in Healthcare Infrastructure and Technological Advancements will drive India’s POCT market growth in the coming years

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1. India ranks at number 7 amongst the 20 wellness tourism markets with millions of trips made to India, medical value tourism generated multi-billion in revenue in 2022.

One of the nations where pricey medical procedures can be afforded is India. The cost of treatment in India is thought to be only 10% to 20% of what comparable procedures would cost in the West and other nations. India has a sizable number of hospitals with Joint Commission International (JCI) accreditation. There are 35+ hospitals in India that have received JCI certification overall. The Indian government has established a re-visa scheme for tourists from specific nations, enabling guests to stay for up to 60 days, where the process of applying for an e-visa is as simple as doing it online.

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2. There is an increased demand for POCT devices due to the increasing demand for rapid and accurate diagnosis

Since 2000, the POCT market in India has grown consistently. Due to the price, there was only restricted access to these products up until 2018. Additionally, there was no legislative structure in place to encourage the adoption of POCTs in India. The Indian POCT market expanded as a result of expanding demand for quick and accurate diagnoses, increased government initiatives, and greater public awareness. The need for remote patient monitoring and home healthcare equipment also contributed to the market's expansion.

3. Telemedicine, rising incidences of infectious and chronic diseases, and expanding healthcare infrastructure are the main factors affecting the India POCT Market

The POCT market in India is expanding as more people are becoming aware of its benefits, such as its affordability, accuracy, and simplicity, as well as the rising incidence of infectious diseases. 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. Smartphones are utilized for diagnostics as well as data collection and analysis. Due to this, POCT mobile applications have been created, which is further boosting the industry. Telemedicine will make it possible for doctors to diagnose patients remotely, reducing the need for in-person visits to the hospital.

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4. Major factors that have a direct impact on the Indian POCT Market include a lack of infrastructure, regulatory obstacles, issues with quality control, and data privacy

In order for POCT technology to be used in India, a number of regulatory concerns must be resolved. These include the Clinical Establishments Act, other state legislation, and the requirement for registration and approval from the Indian Drug Regulatory Authority. India lacks the infrastructure necessary for POCT because there aren't enough diagnostic facilities, pieces of equipment, or skilled workers there. In India, a significant problem with POCT technology is quality control. The absence of standardization is to blame for this. As a result of the inadequate data protection legislation in India, data privacy is a significant concern. Because POCT devices frequently exploit their generated data for commercial objectives, issues about patient data privacy are raised.

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

India POCT Market Outlook to 2027F: Ken Research

USA Logistics Industry Analysis, Trends, Challenge and Outlook to 2026: Ken Research

 Overview of USA Logistics industry

The Logistics Industry in USA recorded a positive CAGR of ~% during CY'16 and CY'21. The industry is a highly integrated supply chain network that links producers and consumers through multiple transportation modes.  Despite the fact that the ports in the first half of 2021 experienced growing container volumes, while rail cargo experienced a slow down due to intense competition from trucking. All in all, it was a mixed year for the United States freight and logistics industry. However, as a response to rising environmental concerns, green logistics solutions have been adopted in recent years. At present, the United States represents one of the key markets for logistics in the region with a highly integrated supply chain network that links producers and consumers through multiple transportation modes, such as air and express delivery services, freight rail, maritime transport, and truck transport.

During 2020, with the pandemic and the lockdown, global production slowed down. At the same time, the US government started to stimulate the economy and money flowed in the hands of consumers and businesses that spent it. This caused the US to go through trillions of dollars of inventory while domestic and global production was shut down. As demand grew faster than supply, retailers went through their inventory in an attempt to keep up. Now, U.S. ecommerce growth, at least, has returned to pre-pandemic levels – but delivery volumes are high as ever. To boost efficiency across supply chain operations, reduce logistics costs, and keep customers satisfied with on time delivery, businesses are reevaluating their operations and embrace growing trends in supply chain and logistics.

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Freight forwarding market in USA

The Freight Forwarding Market in USA recorded a positive single digit CAGR of ~% during CY'16 and CY'21. Rail/road transport is the dominant mode of transportation of freight forwarding in USA. The market is highly fragmented with multiple players operating in the country. Majority of the market in covered in the report along with the comprehensive cross comparison of major players.

USA Freight Market Segmentations, CY’21 and CY’26

Freight Market in USA can be segmented on the basis of Domestic/International; by Type of Mode (Sea, Road, Air, Rail).

Warehousing Market in USA

The Warehousing Market in USA recorded a CAGR of ~% during CY’16 and CY’21. The Market is dominated by Industrial Freight/Retail followed by Container Freight, both together acquiring major market share. Warehouses are mostly located in the trade hubs, essential border towns and the regional and state capitals. The location of warehouses helps to aid the storage solution for USA between the entry port and the last terminal in all local distribution, supply chain or every Export/Import processes. Most of the warehouses in USA are mainly operated by private companies. There are also few warehouses managed by the government. Majority of the revenue (based on end users) from warehousing came from Retail/Consumer Goods.

USA Warehousing Market Segmentations, CY’21 and CY’26

Warehousing Market in USA can be segmented on the basis of End Users, Business Model, and 3PL/ Integrated.

Express and e-commerce market in USA

E-Commerce Scenario in USA:

E-Commerce market is a booming sector in USA with a market size of USD ~ million in CY’21. It expanded at a CAGR of ~% during CY’16 and CY’21. The e-commerce penetration in the United States is increasing, signifying a good occupancy of the e-commerce share in the total retail industry. The growth of e-commerce is expected to drive the last mile, and the courier expresses parcel segments of the logistics sector.

The number of E-Commerce orders stood at ~ in CY’21. The shipments have doubled over the past 5 years, and it is pretty evident that E-Commerce is a growth driver for Logistics market in USA.

The E-Commerce Logistics market in USA reached to USD ~ million in CY'21 from USD ~ million in CY'16 growing at a CAGR of ~% during CY’16 and CY’21

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Key Segments Covered in USA Logistics Industry

• USA Logistics Market
• Market Size by Revenue, 2016-2026F
• Market Segmentation by Transportation, CEP, Warehousing, VAS by Revenue, 2016-2026F

• Market Segmentation on the basis of Type of Mode by revenue, 2021 and 2026F (Sea, Road, Air, and Rail)
• Market Segmentation on the basis of Domestic/ International by revenue, 2021 and 2026F
• Market Segmentation on the basis of Type of End Users by revenue, 2016-2026F (Food and Beverage, Industrial & Construction, Retail, Automotive and Engineering, and Others)
• Market Size by Revenue generated, 2016-2026F
• USA Freight Forwarding Market (Volume by Mode of Freight, Revenue, Price per ton per km, Average Distance Travelled)
• USA Warehousing Market (Total Area, Revenue, Average Occupancy Rate, Price per sqm per month)
• Market Size by Revenue generated, 2016-2026F
• Market Segmentation on the basis of Type of Warehousing Space, 2021 (Tech/ Non-Tech, Organized/ Unorganized, and Racked/ Unracked)
• Market Segmentation on the basis of Business Model by warehousing space, 2021 and 2026F (Industrial/ Retail Warehouses, Container Freight/ ICDs, and Cold Storage)
• Market Segmentation on the basis of Type of Area by warehousing space, 2021 and 2026F (open/ closed)
• Market Segmentation on the basis of 3PL/ Integrated by revenue, 2021 and 2026F
• Market Segmentation on the basis of Type of End Users by revenue, 2021 and 2026F (Food and Beverage, Industrial & Construction, Retail, Automotive & Engineering, Pharma, and Others)
• Market Segmentation on the basis of Type by regions by warehousing space, 2021 and 2026F

• USA CEP Market (number of shipments, Revenue, Average E-Commerce Logistics cost)
• Market Size by Revenue generated, 2016-2026F
• Market Segmentation on the basis of Type of Domestic/ International Shipments, 2021 and 2026F
• Market Segmentation on the basis of Business Model by revenue, 2021-2026F (B2B, B2C, C2C)
• Market Segmentation by Type of Shipments, 2021-2026F (Same Day, Next Day, 2 Days, More than 2 Days)

Key Target Audience

• Freight Forwarding Companies
• Warehousing Companies
• Express Delivery Companies
• Investors/ Real Estate Developers

Time Period Captured in the Report:

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

Logistics Companies in USA:

• Freight and Warehousing Players
• Hub Group
• Cosco Shipping Inc.
• Aeronet Worldwide Inc.
• H. Robinson Worldwide Inc.
• UPS Supply Chain
• Expeditors International
• Penske Logistics
• XPO Logistics
• Total Quality Logistics
• FedEx Freight
• B. Hunt Transport Services
• Knight-Swift Transportation
• Forward Air Corporation
• Landstar System
• Schneider National
• Werner Enterprises
• S. Xpress Enterprises
• Saia
• Averitt Express
• DHL Supply Chain
• Ryder Supply chain Solutions
• Dayton Freight Lines Inc.
• Kuehne + Nagel
• Daseke, Inc.
• Ceva Logistics
• Crane Wordlwide Logistics
• FedEx Logistics
• Trinity Logistics USA
• BDP International
• Apex Logistics
• Nippon Express
• The Port Authority of New York & New Jersey
• American Commercial Lines Inc
• Evergreen Line
• Kirby Corporation
• Mallory Alexander International Logistics
• Odyssey Logistics
• SSA Marine Inc
• Maersk
• CSX Freight Logistics
• Norfolk Southern Corporation
• Union Pacific Corporation
• Kansas City Southern
• BNSF Railway
• Ryder Supply Chain Solutions
• Geodis (North America)
• NFI
• Americold Logistics
• Kenco Logistics Services
• Neovia Logistics

• CEP Players
• XPO Logistics
• Amazon
• United Postal Services (UPS)
• DHL Express
• B. Hunt Transport Services
• FedEx Express
• TFI International
• LaserShip Inc
• Pace
• United States Postal Services

Key Topics Covered in the Report

• Country Overview
• Import and Export Scenario in USA
• Overview of USA’s Logistics Infrastructure
• Logistics Infrastructure in USA: Airports, Seaports, Rail Network and Road Network,
• Trends and Developments in Logistics Industry in USA
• SWOT Analysis in Logistics Industry in USA
• Government Initiatives in the USA Logistics Industry
• Issues & Challenges in USA Logistics Market
• Ecosystem of Major Entities in USA Logistics market
• Freight Aggregator Market Along with Business Models
• Technological Innovations in Warehousing Industry
• USA Logistics Current and Future Market Size on the basis of Revenue
• USA Logistics Current and Future Market Segmentations
• Scenario of E-Commerce in USA
• Competition Landscape in Freight Warehousing & CEP Market in USA

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

USA Logistics Industry: Ken Research

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UAE E-Commerce Logistics Market

Australia Logistics Market

Brazil Crop Protection Market is primarily driven by the adoption of contemporary agricultural technologies and the growth of organic food on the market: Ken Research

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Driven by the various initiatives by the government for increasing the crop protection industry and increasing focus on food security, the crop protection market in Brazil has ample growth potential in the coming years.

Expansion of the industry: Brazil is one of the top-producing countries in the world for agriculture. According to the World Bank, Brazilian agriculture generated 261.6 million tons in 2022, ranking it fifth internationally in terms of value. Following the global trend, Brazil is experiencing a decline in arable land, which is further exacerbated by an expanding population. These two aspects help the market and spur demand for higher yields, which fuels market expansion. The industry is expanding as a result of the financial advantages that crop protection usage provides.

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 Changing climate and the Acceleration of global warming: The country's agricultural modernization has also spurred the market for crop protection to expand. The Brazilian market has recently been driven by consumers as a result of crop diseases and pest cases rising due to the changing environmental climate and the acceleration of global warming. On the other hand, the strict and constantly evolving regulations regarding the use of chemicals are having both a good and bad effect on the market. The market is negatively impacted by these new policies since they make it difficult for new firms to enter, but on the other side, they encourage the existing players to invest in R&D, which leads to a better product for the consumer.

Bio pesticides in place of traditional chemicals: The growing public awareness of the use of chemicals on food products is a hindrance to industry expansion. Additionally, incorrect use of these goods has led to a rise in illnesses among end users. This is one of the major factors obstructing the growth of the market. To address this issue, the government organizes an awareness campaign among agricultural farmers to inform them of the proper application and quantity of the product. The shift in consumer behaviour toward health consciousness also affects the increase in demand for organically cultivated produce such as fruits and vegetables, for which farmers use bio-pesticides rather than traditional chemicals. As a result, Brazil is using fewer crop protection chemicals.

Analysts at Ken Research in their latest publication “Brazil Crop Protection Market Outlook to 2027F - Segmented by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal, Vegetable and Forage Crops)” observed the potential of the Crop Protection Market in Brazil. The growing population, increasing focus on food security, increased investment in research and development along with government incentives are expected to contribute to the market growth over the forecast period. The Brazil Crop Protection Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered: -

Brazil Crop Protection Market:

Type of Pesticides:

• Herbicides
• Insecticides
• Fungicides
• Biopesticides
• Rodenticides, Plant Growth Regulators, Adjuvants

Nature of Pesticides:

• Generic
• Patented
• Form of Pesticides
• Liquid
• Granules and Powder

Market Structure:

• Organized
• Unorganized

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By Source

• Domestic
• Import

Type of Crops:

• Pulses and Oilseed
• Grains and Cereals
• Fruits and Vegetables
• Commercial Crops
• Turfs and Ornamental

Key Target Audience

• Crop Protection Companies
• Crop Protection Associations
• International Investors
• Chemical Companies
• International Crop Protection Companies
• Venture Capitalist Firms
• Agrochemical Manufacturers
• Raw Material Suppliers
• Research & Development Institutes
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

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

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 Companies Covered:

Crop Protection Company

• Bayer SA
• Syngenta Protecao de Cultivos Ltda.
• BASF S.A.
• Corteva Agriscience
• FMC Corporation
• Sipcam Nichino Brasil
• Rotam Brasil
• Arysta Lifescience of Brazil Ind. Qum.
• Ltda.
• Nufarm do Brasil Ltda.
• UPL Limited

Key Topics Covered in the Report

• Brazil Crop Protection Market Overview and Genesis (Overview and Genesis including Market Stage, Market Nature and Growth Drivers, Business Cycle Graph)
• Brazil Crop Protection Market Value Chain Analysis
• Overview of Brazil Agricultural Scenario (Agricultural Overview, Contribution to GDP, Planted Area and Production, Mechanization Rate, Major Crops, Climate, Challenges and Sources of Credit)
• Introduction to Brazil Crop Protection Market
• Brazil Crop Protection Market Segmentation
• Trade Scenario in Brazil Crop Protection Market (By Value, By Volume and By Countries)
• Decision Making Process Used by Farmers before Purchasing Crop Protection Products
• Trends and Developments in Brazil Crop Protection Market
• Issues and Challenges in Brazil Crop Protection Market
• Brazil Crop Protection Market Regulations
• SWOT Analysis Brazil Crop Protection Market
• Brazil Crop Protection Market Competition Scenario (Competition Scenario, Strength and Weakness, Market Share, Competition Scenario of Major Players)
• Brazil Crop Protection Market Future Projection, 2022-2027F
• Future Outlook of Brazil Crop Protection Market Segmentations, 2022-2027F
• Analyst Recommendations

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

Future Outlook of Brazil Crop Protection Market

Related Reports by Ken Research: -

Thailand Crop Protection Market Outlook to 2022

South Africa Crop Protection Market Outlook to 2022

The changing culture, preferences and rapid growth of the pet population are providing a healthy boost to the Spain Pet Insurance Market: Ken Research

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1. The Spain Pet Insurance Market is expanding as a result of changes in culture and laws, as well as the entry of new players into the market

In the years 2021 and 2022, the Spanish Pet Insurance market grew rapidly. This is primarily due to the unexpected increase in pet population in Spain in 2021 and 2022. The Spanish prefer to have a pet at home rather than a child. This results in a lower birth rate and an increase in pet population. With time, people in Spain are becoming more aware of their pets' health. As more companies enter the Spanish Pet Insurance market with Pet Veterinary Insurance and Pet Insurance products with full comprehensive coverage as their product offering, the supply of this service grows.

2. Major obstacles in the Spanish pet insurance market include limited awareness as well as expensive premium and product costs

The market players are nevertheless dealing with some difficulties despite the sector's steady growth. The biggest problem is that most people are not aware of pet insurance, which prevents them from using these services for their pets and prevents businesses from gaining new clients. Due to these difficulties, market penetration is also limited; when compared to other EU nations, Spain has poor penetration. Additionally, high prices are reducing the number of consumers in the market because some people cannot afford them. Pet care goods are more crucial than pet insurance, but they are also more expensive in Spain, which presents a significant barrier for the market players.

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3. The main growth factors for the Spain Pet Insurance Market include an increase in pet adoption, a preference for pets over children, and the entry of new competitors

According to statistics from the Spanish Network for the Identification of Companion Animals, the practice of acquiring pets is becoming more and more common in Spain, where there are over 13 million registered companion animals, 93% of which are dogs (REIAC). Additionally, the birth rate continues to decline year after year. In 2018, there were around 23,879 fewer births, a 6.1% decrease, and a 13.7% decrease over the previous five years, totaling 58,293 less births. However, the number of pets is growing every year; in fact, it has climbed by 40% over the last five years to reach 13 Mn pets, of which just over 12 Mn are dogs. Additionally, mixed solutions have emerged to support the industry, offering packages that combine civil liability insurance with veterinarian assistance services, guidance, free consultations, and other services. And organizations like Mapfre, AXA, Santa Lucia, or Liberty have particular solutions to cover veterinary costs. In addition, Pet Plan, the industry leader in canine health insurance has entered the market.

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

Spain Pet Insurance Market

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Sweden Pet Insurance Market Outlook 2027F

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Vietnam Construction Chemical Market is in the Growing Stage, Being Driven by Rapid Urbanization, Influx of FDI & Rising Government Investments: Ken Research

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1.  Rapid urbanization has been a major catalyst for Vietnam Construction Chemical market revenue which is expected to get doubled by 2027F

By 2027F, the Vietnam construction chemicals market is expected to grow at a robust rate. The market's expansion can be ascribed to rising urbanisation, increased expenditures in infrastructure and real estate construction projects, and the availability of cheap and abundant raw materials. Furthermore, the Vietnamese government aims to reduce greenhouse gas emissions by about ~8% by 2030 and is consistently focusing on eco-friendly and energy-efficient building development, thus the government has been promoting the use of green chemicals, which will further increase the demand for higher-quality building chemicals in the country in the coming years. The prominent companies in the Vietnam building chemicals market includes: Sika Limited (Vietnam), BASF Vietnam Co. Ltd., GCP Vietnam Company Limited, Mapei Vietnam Co. Ltd., and others.

2.  Tenders from commercial and industrial sector, Government initiatives and high FDI inflows are acting as the major growth drivers for the Vietnam Construction Chemical market

Vietnam Construction Chemicals industry revenue stood at USD ~ Bn in 2022E and recorded a CAGR of 5.6% during 2017-2022E. Growth in Urbanization and Development of Housing Projects and Government initiatives has led to the growth for construction chemicals in Vietnam.

For instance, the Government has approved infrastructure projects like the construction of four airport in Sa Pa, Quang Tri, Lai Chau and Phan Thiet which are expected to kick off in the early 2023. More projects like Bac Tan Uyen Vietnam-Singapore Industrial Park III and Rach Mieu II Bridge are also in the pipeline. The government has also allocated US ~ $35 billion to its economic recovery plan for the 2022-2023 period in order to revive the economy from the Covid-19 impact. Furthermore, demand for high quality and durable products such as Admixtures for cements and waterproofing products have also contributed to the growth of chemical industry in Vietnam.

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3. With high level of Competition, Fluctuating Foreign exchange rate and Decreasing purchasing power are posed as the major challenges faced by the Vietnam Construction Chemical Market

Covid-19 pandemic has drastically affected the purchasing power of the people real estate market. For instance, individual investors were offering lower prices to customers for land and houses in Ho Chi Minh City by about 30%, while companies gave discounts of 40-50% to boost stagnant sales. But Covid-19 is not the challenge, Fluctuating Foreign exchange rate are also a major problem as most of the raw material for construction chemical is usually imported in Vietnam and fluctuating exchange rate is affecting the market with its price points. The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate. Furthermore, growing competition and poor government policies are also affecting the market. Like, Joint venture with a local partner to manufacture product or Sell product through local distributor is a common trend to enter the market. The market has a margin upto 30% and with the recent developments in construction market let to reduction in the margin, thus a posing a threat to new entrants.

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Vietnam Construction Chemical Market

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Indonesian Construction Chemicals Market Outlook to 2025

India Construction Chemicals Market Outlook to 2025 ( Second Edition )

The Malaysia Quick Commerce Market is expected to deliver ~1.3 Mn orders within 30 mins by 2027F, driven by investment in last mile delivery solutions and B2C platforms expanding beyond concentration: Ken Research

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• Shift in consumer behaviour from value to convenience seeking, unplanned ordering behaviour, with an increase in Gen-Z customers’ affinity for indulgence purchases are some of the growth drivers.
• Investment in last-mile delivery solutions such as autonomous delivery, pick-up and drop networks, and crowdsourced delivery platforms is on a rise.
• Consumers will continue to adopt digital and contactless services quickly, with consumers ordering online versus shopping at brick-and-mortar stores, the competition for last-mile delivery will be fierce.

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Expanding realms of delivery by investing in drone technology: Received approval for China’s first batch of air routes for real-time delivery drones in Shanghai, this reduced labour costs and delivery time from 30 minutes to 20 minutes, taking example from China, Quick Commerce players in Malaysia can capitalize the opportunity.

Internet of Things: Intelligence Transport Solutions: In-vehicle telematics can collect data on movements and idle time to maximize fleet and asset utilization as well as dynamic route planning and optimization. IOT can be used to reduce vehicle downtime via prediction of asset failure and automated maintenance scheduling. Tagging of individual items, pallets and operational equipment can transmit information about their current condition and position.

Shift in Consumer Behavior from Value-seeking to Convenience-Seeking: Willingness to pay for premium products, growing market for easy-to-cook products at-home delivery, demand for healthy and nutritional products, rising consumption of newer products through global experiences. Shift in consumer behavior from value-seeking to convenience-seeking, resulting in weekly, small-sized purchases rather than larger, monthly purchases driving the demand for on-demand logistics market.

Analysts at Ken Research in their latest publication “Malaysia Quick Commerce Market Outlook to 2026F- Driven by growing technological adoption and infrastructure development” by Ken Research observed that Malaysia Quick Commerce Market is in the growing phase. The Adoption of New Technologies, emerging new players, high internet penetration, balancing lifestyle, Government Initiatives and with the convenience of last mile delivery, are some of the factors that will contributed to the Malaysia Quick Commerce market growth over the period of 2022P-2027F with a growth rate of CAGR 6.0%.

Key Segments Covered in the report: -

Malaysia Quick Commerce Market Segmentation on Demand Grocery

By Products Category

• Beauty & Personal care
• Packaged Food & Beverages
• Staples
• Fruits & Vegetables
• Others

By Region

• Metro & Tier I
• Tier II & below

By Business Model

• Dark Store Model
• Marketplace Model

By Customer's Gender

• Male
• Female

By Delivery Time

• 0-30 mins
• 30-45 mins
• 45- 1 hour
• 1-2 hours

By Order Value

• 0-50
• 50-100
• 100-200
• 200-1000

By Customer's Age

• 16-24
• 25-34
• 35-44
• 45-54
• 55+

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Malaysia Quick Commerce Market Segmentation on Demand Logistics

By B2B/B2C & C2C

• B2B
• B2C
• C2C

By B2C End User

• Grocery
• Flowers
• Shoes
• Fresh Fruits & Vegetables
• Others

By Regions

• Urban Areas
• Tier 2 and Rural Areas

By Average Delivery time taken

• 0-30 mins
• 30-45 mins
• 45 mins - 1 hr.
• 1 hr.- 2hr

Malaysia Quick Commerce Market Segmentation on Demand Food Delivery

By Region

• Urban Areas
• Tier 2, 3, Rural Areas

By Average Delivery Period

• Under 30 Minutes
• 30-45 Minutes
• 45-60 Minutes

By Gender

• Male
• Female

By Age Group

• 18-24
• 25-34
• 35-44
• 45 above

By Frequency of ordering

• Everyday
• 2-3 times a week
• once a week
• every 2 weeks
• once a month
• once every 6 months
• once a year
• less than once a year

By Cuisine type

• Fast Food
• Malay
• Beverages
• Chinese
• Others

Key Target Audience

• Quick Commerce Players
• Ecommerce Companies
• E-grocery Companies
• Logistics Companies
• Cold Chain Companies
• Investors & Venture Capitalists

Time Period Captured in the Report:

• Historical Period: 2017/22-2021
• Forecast Period: 2022-2027F

Companies Covered:

• Food Panda
• GrabFood
• Oddle
• Quicksent
• Airasia
• Pandamart
• GrabMart
• Happyfresh
• Lala Move
• Borzo
• GrabExpress
• Pickupp

Key Topics Covered in the Report

Country Overview Malaysia

Ecosystem of Major players in the Malaysian Quick Commerce Market, 2022

Business Cycle and Genesis of Malaysia Quick Commerce Market

The Rise of Rapid Delivery (Quick Commerce)

Customer Journey: Traditional E-Commerce VS On-Demand Logistics

E-commerce statistics in Malaysia as compared to other regions

E-commerce penetration in Malaysia

E-commerce trends in Malaysian states

E-commerce vs Quick Commerce

Business Model Canvas of Quick Commerce businesses

On Demand Food Delivery Market in Malaysia

Market Segmentation for On Demand Food Delivery Market in Malaysia

Competition Analysis for On Demand Food Delivery Market in Malaysia

Future Forecast for On Demand Food Delivery Market in Malaysia

On Demand Grocery Delivery Market in Malaysia

Market Segmentation for On Demand Grocery Delivery Market in Malaysia

Competition Analysis for On Demand Grocery Delivery Market in Malaysia

Future Forecast for On Demand Grocery Delivery Market in Malaysia

On Demand Last Mile Logistics Market in Malaysia

Market Segmentation for On Demand Last Mile Logistics Market in Malaysia

Competition Analysis for On Demand Last Mile Logistics Market in Malaysia

Future Forecast for On Demand Last Mile Logistics Market in Malaysia

Industry Analysis

Regulations: Product Registration and Certification

Challenges in Market

Growth Drivers of the Malaysian Quick Commerce Market

Growth driven by Covid-19 pandemic

Malaysian Government’s National E-commerce Strategic Roadmap

Sub-segments of the Malaysian Government’s Digital Free Zone

Diversification Opportunity to Other Categories

Technologies to Leverage in the Malaysian Quick Commerce Market

Strategies followed by Food Delivery Player in SEA’s

New Technologies

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

Malaysia Quick Commerce Market Analysis

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India Quick Commerce Market Outlook to FY’27F

KSA Online B2B Grocery Market Outlook to 2026F

Vietnam Online Grocery Market Outlook to 2026

Indonesia Car Rental Market Analysis, Trends, Revenue Outlook to 2027: Ken Research

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Indonesia Car Rental Market Ecosystem

Indonesia’s Car Rental Market is in the growing stage, being driven by new car rental companies along with increasing tourism in the country and more internet penetration in rural areas of the country. Major players in the car rental market of Indonesia include The Hertz Corporation, Blue Bird Group, TRAC.

Key Market Findings: -

• Growth rate of total car rental is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country.
• With rising internet penetration and ownership of smartphones, it is expected that customers will make bookings online as it is more convenient for bookings with additional discounts and saving time.
• The tourism sectors in cities like Jakarta and Bali are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth.

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Introducing New Services and Improving Entertainment Options: The Indonesia Car Rental Market will expand in the coming years as a result of the increased focus of car rental companies on corporate clients, an increase in foreign travellers, and so on. The current participants in the Indonesian car rental market are in the process of introducing new services and improving entertainment options, such as adding an LED screen for clients to avoid exhausting them in their city's traffic jams and GPS tracking of the journey. As more businesses offer car rental services each year, the type and caliber of these services advance in the market to compete.

Investment in the car rental service market: The government's initiative to attract tourism to the country is expected to contribute to overall market growth. The Indonesian Tourism and Creative Economy Ministry, for example, is investing in its national tourism sector with the goal of developing sustainable and community-based tourism. The investments are expected to boost the development of five super-priority tourism destinations, eight special economic zones, and twelve sustainable tourism projects, which will increase demand for car rental services in the coming years, resulting in tremendous growth in the market during the forecast period.

Increase in Electric vehicle manufacture: The share of EVs is expected to increase many folds as Indonesia plans to shift to electric mobility and plans to begin subsidizing electric vehicle purchases next year as the country aspires to have 2.5 million EV users by 2025 to boost demand and reduce air pollution. Other key drivers that are expected to boost this market in the short to medium term include growing mobility needs, an increase in the number of SMEs, an overall positive attitude among corporates, an increase in middle-management customers, high vehicle acquisition costs, favorable regulations, and the growth of ridesharing and car sharing.

Analysts at Ken Research in their latest publication “Indonesia Car Rental Market Outlook to 2027F - Segmented by Market Structure (Organized Market and Unorganized Market), By Type of Vehicles (Small Cars/Hatchbacks, Sedans, SUV and Others, By Ice/EV (Ice (Internal Combustion Engine) And Electric Vehicles, By Cities (Jakarta, Surabaya, Bali, Yogyakarta), By Mode of Booking (Online and Offline), By Client (Business and Leisure and By Pick-Up (On-Airport and Off-Airport)” observed the potential of the Car Rental Market in Indonesia. The expansion of the tourism industry with rising foreign tourists in Indonesia and On- Demand for transportation, the rising internet population in the country, and increasing demand from customers along with government incentives on electric vehicles are expected to contribute to the market growth over the forecast period. The Indonesian Car Rental Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered: -

Indonesia Car Rental Market:

By Market Structure:

• Organized market
• Unorganized market

By Type of Vehicles:

• Small Cars/ Hatchbacks
• Sedans
• SUVs
• Others

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By ICE/EV:

• ICE (Internal Combustion Engine
• Electric Vehicles

By Cities:

• Jakarta
• Surabaya
• Bali
• Yogyakarta
• Others

By Mode of Booking:

• Online
• Offline

By Client:

• Business
• Leisure

By Pick-up:

• Off-Airport
• On-Airport

Key Target Audience

• Car Rental Service Providers
• Car Rental Companies aiming to establish in Indonesia
• Indonesia’s automotive industries
• Government Bodies & Regulating Authorities
• Venture Capitalist targeting the car rental market
• Automotive industry association
• Car Manufacturers
• Existing Car Rental Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Car Rental Associations

Time Period Captured in the Report:

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

Companies Covered:

Car Rental Company

The Hertz Corporation

Blue Bird Group

TRAC

Mitra Pinasthika Mustika Rent

Adi Sarana Armada Tbk

Avis

Europcar Indonesia

Globe Rent a Car

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Key Topics Covered in the Report

• Overview, Operating Models and Company Profile of the Automotive Industry in the Indonesia, 2022
• Overview and Genesis of Car Rental Market in Indonesia, 2022
• Ecosystem of Indonesia Car Rental Market
• Business Cycle, Timeline, and Value Chain Analysis of Car Rental Market in Indonesia
• Indonesia Car Rental Market Sizing, 2017- 2022P
• Market Segmentations of Car Rental Market in Indonesia (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by cities), 2022
• Indonesia E-Commerce Warehousing Overview, 2021
• SWOT Analysis of Indonesia Car Rental Market
• Growth Drivers of Indonesia Car Rental Market
• Government regulations of Indonesia Car Rental Market
• Government Incentives and Policies on Electrification in Indonesia
• Trends and Developments of Indonesia Car Rental Market
• Challenges of Indonesia Car Rental Market
• Competitive Analysis of Car Rental Market in Indonesia
• End User Analysis of Car Rental Market in Indonesia
• Future Outlook and Projections of Car Rental Market in Indonesia, 2022-2027F
• Market Opportunities and Analyst Recommendations

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

Future Outlook of Indonesia Car Rental Market

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Netherlands Car Rental Market Outlook to 2027F

Saudi Arabia Car Rental and Leasing Market Outlook to 2023

South Africa Car Rental and Leasing Market Projections to 2023

Global Cloud Computing market revenue to reach US$ 1200 Bn by 2028: Ken Research

 What is the Size of Global Cloud Computing Industry?

Global Cloud Computing market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Cloud Computing Market is largely driven by the growth in big data and higher adoption of artificial intelligence and machine learning. Moreover, the adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa is expected to drive market growth in the near future.

The widespread adoption of AI and ML technologies in businesses has increased data usage, which has further boosted big data services. This increased consumption of data and the requirement of efficient computational solutions for AI and ML is expected to create a larger opportunity space for Cloud Computing service providers.

Cyber-attacks pose a major threat to cloud operations. Additionally, the lack of resources and technical skills required to operate cloud platforms and infrastructure pose challenges to the market growth

The Covid-19 pandemic accelerated the demand for collaboration solutions, remote-working models, and remote IT services, which in turn created a greater demand to utilize and adopt cloud computing solutions across different industry verticals.

With the substantial increase in the demand for streaming platforms, such as Amazon Prime, Disney+, Twitch, Netflix, Hulu, YouTube, and Apple TV and the surge in Video-on-Demand (VoD) has augmented the demand for Infrastructure as a service (IaaS) to tackle consumer demands.

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Global Cloud Computing market by service

The Global Cloud Computing market is segmented by Service into IaaS, PaaS & SaaS.

The SaaS segment dominated the market among services of the Global Cloud Computing Market in 2022.

SaaS products are expected to witness strong growth in the forthcoming years as their total cost of ownership (TCO) will be equal to that of the on-premise deployment models. The increasing number of businesses offering cloud-based services and increasing preferences for SaaS delivery models are expected to accelerate SaaS segment growth throughout the forecast period.

SaaS offers a pay-as-you-go model that gives organizations greater flexibility and web-based subscriptions to access the program remotely. The SaaS delivery model focuses on delivering software solutions that have the potential to reach a wider audience.

Global Cloud Computing market by deployment

The Global Cloud Computing Market is segmented by Deployment on the basis of private, public and hybrid.

The Hybrid segment accounted for the majority share among deployment modes of the Global Cloud Computing Market in 2022 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

Hybrid cloud is a cloud computing environment that practices a mix of on-premises, private cloud, and third-party, public cloud services with instrumentation between the two platforms.

A hybrid model allows businesses to significantly switch between their on-premise infrastructure and public cloud services depending on the need for sensitive data and computation.

Global Cloud Computing market by End-User

The Global Cloud Computing market is segmented by End-User into Banking, Financial, Services, and Insurance, IT and Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Media & Entertainment, Government & Public Sector and Others.

The healthcare segment accounted for the largest market share among end-users of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

Growing adoption of artificial intelligence and machine learning solutions by various retail and healthcare service providers is expected to boost the Cloud Computing Market during the forecast period

Global Cloud Computing market by Enterprises

The Global Cloud Computing market is segmented by enterprises into SMEs and Large enterprises.

Large enterprises segment captured the largest market share among enterprise segments of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

The adoption of cost-efficient cloud solutions in the large enterprises segment is growing due to lesser downtime, and fewer expenditures than internal servers.

 Cloud computing solutions prevent conflicts and complications arising due to large sets of data gathered from large enterprises by enabling better data and document control.

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Key Topics Covered in the Report

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

Leading Companies Mentioned in the Report

• Microsoft Corporation
• Amazon Web Services
• Salesforce. Com, Inc.
• Oracle Corporation
• Systems, Application & Products in Data Processing
• Google LLC
• Workday Inc.
• Adobe System Incorporation
• International Business Machines
• Alibaba Group Holding Limited
• Virtual Machine Software
• Hewlett Packard Enterprise

Notable Emerging Companies Mentioned in the Report

• OutSystems
• Onecloud
• IntelePeer
• Nodejitsu Inc.
• Activestate
• The cloud Connectors
• Gogiro
• Hexagon data
• Power Host
• IDESK
• MCM Telecom

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

• Cloud Computing Solution Companies
• Cloud Computing Platform Companies
• Potential Investors in Cloud Computing Companies
• ML Solutions and Service Providers
• Government Ministries and Departments of Information Technology
• AI Solution Providers
• Potential Investors for AI
• Cloud-based Developers
• Institutional Investors
• Investors and Financial Community Professionals
• Investment Funds
• Cloud Computing Research Organizations
• Research & Development Institutes
• Cloud Computing Association 

Time 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 Cloud Computing market