Indonesia Sports Equipment industry has grown in the last five years owing to the rising consumer awareness about health and the rising sports popularity: Ken Research

 As a kind of active and passive entertainment, sports have gained popularity. Sportswear has seen an increase in consumer expenditure, with athleisure apparel and accessories accounting for a higher portion of the cost.

Rising Consumer Interests in Sports: The booming enthusiasm for country-level and international tournaments has been gaining tremendous followers worldwide and led to a large number of athlete admissions every year, which, therefore, propelled the demand of associated businesses, including sports equipment. The prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media, and celebrity endorsement has been encouraging consumers to buy various types of sports equipment.

Design flaws and Quality issues: The production of sports equipment in Indonesia is a complex process that requires meticulous planning, as well as technical know-how to reduce lead and order times. Many companies underestimate this effort, and as a result, the mass-produced sports equipment ends up with design flaws, quality issues, or unnecessary product development costs. Moreover, complications commonly arise if clients have no local presence in Indonesia because they can’t physically assess the suppliers and make sure they follow the project timeframe. Thus, disrupted supply chains. Furthermore, quality issues in sports equipment can lead to accidents and injuries, therefore strict quality control is crucial in this industry and proper product testing is required to assess potential hazards.

COVID-19 Impact on Indonesia Sports Equipment: The Indonesian sports equipment market's expansion was hampered by the coronavirus epidemic, which also constrained the sector's growth. Prior to the pandemic, the market for sports equipment in Indonesia was growing, but because of the lockdown, it faced several difficulties. The industry is now prospering. The market's expanding growth potential have increased the sector's chances of expansion. The industry has been developing more quickly, and it will continue to expand across the nation.

Analysts at Ken Research in their latest publication “Indonesia Sports Equipment Market Outlook to 2027F - by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered in the report

By Sports Type

• Bike
• Outdoor
• Tennis
• Other Racket Sports
• Running
• Fitness
• Football/Soccer
• Other Team Sports

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By Distribution Channels

• Online
• Offline

By Product

• Ball over net games
• Ball games
• Strength Equipment
• Athletic training equipment
• Others

Key Target Audience

• Existing Sport Equipment Manufacturers in Indonesia
• Sports Companies aiming to establish in Indonesia
• Sports Equipment Industries
• Government Bodies & Regulating Authorities
• Online Game Industry
• E-Sports industry
• E-Sports users
• Industry Associations

Time Period Captured in the Report:

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

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Companies Covered:

• Adidas
• Puma
• Amer soprts
• Under armour
• New Balance
• Nike,Inc
• Reebok International Ltd
• V.F. Corporation
• Everlast worldwide, Inc
• Wilson Sporting Goods
• Fila, Inc

Key Topics Covered in the Report

• Indonesia Sports Equipment Market Overview
• Indonesia Sports Equipment Market Segmentation
• Ecosystem and Business Cycle of Indonesia Sports Equipment Market
• Market Share of Major Players in Indonesia Sports Equipment Market
• Competition Scenario of Indonesia Sports Equipment Market
• Industry Analysis of Indonesia Sports Equipment Market
• Value Chain of Indonesia Sports Equipment Market

• Key Challenges of Indonesia Sports Equipment Market
• End User Analysis of Indonesia Sports Equipment Market
• Key Growth Drivers in Indonesia Sports Equipment Market
• SWOT Analysis of Indonesia Sports Equipment Industry
• Future Outlook of Indonesia Sports Equipment Market
• Trends and Development of Indonesia Sports Equipment Market
• Analyst Recommendations
• Research Methodology

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

Indonesia Sports Equipment Market Outlook to 2027F

Related Reports by Ken Research: –

The US Sports Equipment Industry Outlook to 2017

India Fantasy Sports Market Outlook to FY’2027F

Global Water Sports Equipment Market Outlook to 2022

The Vietnam lubricant market is expected to generate ~ 41 Trillion VND in 2026 | Ken Research

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• Vietnam’s population is anticipated to grow to 98.5 Mn with 49.9% male population and 50.7% female population. About 62.9% population is urban and the rest lives in rural area.
• Manufacturing sector contribute majority of 25% to the country’s GDP, with wholesale and retail at second spot (9.3%) and construction at third (5.9%).
• Electrical machinery & equipment, clothing & accessories are the major items exported and Electrical Machinery & Equipment, machinery including computers, and plastics are the items imported to Vietnam which stand at 400 Bn. VND and 300 Bn. VND respectively.

Market size of Vietnam lubricants: More market players are expected to enter into lubricant industry independently or with collaboration to cater rising demand from end users. Also, the direct sales of lubricants in Vietnam are expected to grow at a faster rate as companies started focusing on increasing margins and overall profits by reducing middleman. The demand of lubricants in construction industry accounts nearly several million liters in 2021 which is further expected to increase in coming years. The construction industry projected to grow by over ~% CAGR in coming years.

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Segmentation in lubricant market: The lubricant market in Vietnam in basically divided into automotive & industrial lubricants. The market for synthetic grade lubricants is projected to increase faster at ~% CAGR as compared to other grades by 2026 owing to increasing lubricant quality standard awareness among consumers and high-performance machinery are driving the growth of synthetic oils. Increasing demand for raw material such as Process Oil, used in various industries which are expanding viz., polymer industry, agriculture etc., is further pushing the demand forward.

Future Trends in Vietnam lubricant Market: The automotive segment anticipated to maintain its dominance in the Vietnam Lubricants market during forecast period 2026 owing to increasing automobiles sales whereas the growth in Industrial lubricants market is expected to increase at a faster pace during 2021-2026. With fluctuations in prices of crude oil, the prices for Automotive as well as Industrial lubricants will increase in the forthcoming years. Increasing sales of vehicles in the country further expected to increase lubricants demand by 2026.

Analysts at Ken Research in their latest publication “Vietnam Lubricant Market Outlook to 2026F-Driven by Growth in Crude Oil Import and Rising Sales of Motorcycles in the Country” by Ken Research observed that lubricant market is at rise in Vietnam at a rebounding stage from the economic crisis after pandemic. The increase in the demand of bio lubricant and increasing awareness of lubricant quality standard will further drive the market in the coming years. The Vietnam Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2021-2026F.

Key Segments Covered:-

Vietnam Lubricant Market

By Type of Automotive Lubricant

• Heavy duty diesel engine oil
• Motorcycle oil
• Passenger vehicle motor oil
• Grease

By Type of Industrial Lubricant

• Process oil
• Hydraulic oil
• Gear oil
• Grease

By Type of end use of automotive lubricant

• Commercial vehicles
• Motor cycle
• Passenger cars
• Marine
• Aviation

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By Type of distribution channel in automotive lubricant

• Dealers and distributers network
• OEM workshops and service station
• Online retail

By Type of end use of industrial lubricant

• General manufacturing
• Metal & mining
• Construction
• Power generation

By Type of distribution channel in industrial lubricant

• Dealers and distributors
• Direct sales

Key Target Audience

• Lubricant companies aiming to establish into Vietnam
• Vietnam lubricant industries
• Government Bodies & Regulating Authorities
• Automotive Industry
• Industrial industry
• Motorcycle company
• Lubricant dealer and users

Time Period Captured in the Report:-

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

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Companies Covered:-

• Castrol BP Petco Co Ltd
• Shell Vietnam
• Petrolimex
• Total Vietnam Company Ltd
• Mekong Petrochemicals JSC
• Caltex Lubricants Vietnam Ltd
• JX Nippon Oil & Energy Vietnam Co Ltd
• AP Saigon Petro JSC
• ENSOS Vietnam Co Ltd
• Katsum Trading & Service JSC
• PTT Lubricants

Key Topics Covered in the Report

• Country Overview of Vietnam
• Vietnam Trade Analysis
• Lubricants Supply and Demand Statistics, 2020
• Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
• Vietnam Automotive Industry, 2021
• Region wise Cars and motorcycles Registration in Vietnam, 2021
• Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country in 2021
• Ecosystem of major Entities in Vietnam Lubricants Market
• Business Cycle and Genesis of Vietnam Lubricants Market
• Timeline of major Players in Vietnam Lubricants Market
• Value Chain Analysis for Vietnam Lubricants Market
• Vietnam Automotive & Industrial Lubricants Market Segmentation, 2021
• SWOT Analysis for Vietnam Lubricants Market
• Porter’s Five Forces Analysis of Vietnam Lubricants Market
• Growth Enablers in Vietnam Lubricants Market
• Bottlenecks and Challenges in Vietnam Lubricants Market
• Trends and Developments in Vietnam Lubricants Market
• Vietnam Lubricants Market Regulations
• Tax Rates for Lubricants in Vietnam, 2018-2020
• End User Analysis of Vietnam Lubricants Market
• Pricing Analysis of Automotive and Industrial Lubricants, 2021
• Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
• Cross Comparison of Major Players in Vietnam Lubricants Market
• Covid-19 Impact on Vietnam Lubricant Market
• Future Outlook and market Size for Vietnam Lubricant Market, 2021-2026F
• Future Segmentation for Vietnam Industrial Lubricant Market, 2026F
• Future Segmentation for Vietnam Automotive Lubricant Market, 2026F
• Market Opportunities and Analyst Recommendations
• Analyst Recommendations
• Research Methodology

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

Business opportunities in Vietnam Lubricant Market

Related Reports by Ken Research:-

Nigeria Lubricants Market Outlook 2027F

Mexico Lubricants Market Outlook to 2027F

Oman Lubricants Market Outlook to 2027F 

Philippines Used Car Market is expected to Gain Momentum due to the emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research

 1. The Used Car Market of Philippines is growing at a impressive growth rate and expected to grow more in the coming years.

The Philippines used car market is one of the growing markets within Southeast Asia and huge volumes are being traded each year. The market has registered a positive CAGR of ~7% during 2015-2020. One of the reasons behind this growth is the recent imposition of TRAIN taxes which has increased the cost of purchasing a brand-new imported car, thus driving the potential buyers towards the used car market. In the coming years, the used cars market is expected to expand in the Philippines because of the resilience shown by this industry. Also, during the pandemic a lot of organized players planned to enter the market, and Filipinos are realizing the advantages of buying a pre-owned car, this will drive the growth of the market more in the coming years.

2. Unorganized segment dominates the Used Car Market in Philippines with the highest market share.

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Within the used cars market, there are two broad segmentations, namely- the organized segment and the unorganized segment. The unorganized market dominates the overall market with a whopping ~56% share. These freelancers and individual sellers sell very low volume of vehicles individually, however, the number of these freelancers and consumers is very high in the economy and therefore in totality, they sell more cars compared to organized market players.

The organized segment on the other hand consists of sales of used cars taking place from businesses to customers.  These used car dealers are well established with at least 2 outlets and more than 50 units in the inventory at a point of time. The banks selling repossessed cars and DDSA entities selling pre-owned (both certified and non-certified cars) belong to the organized segment. This segment only constitutes ~44% of the overall market share.

3. Online mediums lead in the organized segment of the used Car Market in Philippines with the highest market share.

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In Philippines, the Used Car market has carved a niche in the online space. Around 85% of the lead generation for used cars in the organized segment happened via the online platforms. The Direct Dealership Sales Agents (DDSAs) (OEMs) have their own websites, and pages on social media, whereas several multi-brand dealers prefer listing their inventory on the classified platforms as well. Facebook is gaining traction as an online space for buying and selling used cars in the Philippines. On the other hand, dealership walk-ins accounts only ~15% of the lead generation. Also, the lead generation by dealership walk-ins is consistently falling as the used cars market is expanding in the online space.

Indian Vernacular Industry is Expected to grow at a CAGR of 76% in the coming five years | Ken Research

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 1. Digital Advertising Industry grew at a CAGR OF 28.12% over the last few years.

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The Digital advertising industry saw a steady growth over the period of 2016-2022 is expected to grow steadily for the next five years. Established platforms have started monetizing, with majority of the platforms still in the pilot phase of earning revenue through advertisement. Vernacular will constitute a major segment in the online advertising spend in the coming year, with brand realizing the awareness of marketing in localized content to tap the local audience for their product.

2. The Indian Vernacular Industry has grown rapidly over the last six years.

The Vernacular Market in India recorded a positive CAGR of 60.5% on the basis of revenue generated in between 2017 and 2022. Covid-19 bought a significant increase in the vernacular segment, with increase in digital penetration, high screen time and increase in content creators among others. Reducing internet charges, increasing digital literacy and high disposable income are driving the growth of Indian vernacular industry. The market is expected to grow further over the next 5 years owing to increase in monetization efforts, entry of new players and increasing rural digitalization and more.

3. The Southern Region is dominating the Indian Vernacular Market at 43%.

South Indians have higher sense of attachment towards their language and culture and Hindi being widely spoken in northern part explain the reason for highest share in South. Eastern region has the lowest share due to low population proportion and internet penetration. The southern market is expected to continue dominating the space. The west and east market is expected to be on the similar lines with a very slight increase over time.

Growing food processing industry, shift in cropping patterns to horticulture, and Proactive Govt. Policies and Financing Support will propel the growth of the Indian Agricultural Cold Storage Market: Ken Research

 1. Cold storage capacity has increased year on year, however, there is a lack of modern storage facilities that hold back the industry’s extreme growth.

The cold storage sector in India is driven by the increase in international trade because of liberalization in trade. Also, with the push by the government via various incentive-led schemes and recommendations of NCCD (2015), the number of cold storage units increased dynamically in August 2020. Although the highest number of units are concentrated in Uttar Pradesh, the top 5 states contribute >75% to total Indian capacity. This highlights the focus to ensure a well-distributed mechanism in India. Moreover, more than 80% of units are decades old in nature and lack modern techniques for storing more commodities, temperature control methods, etc. which inhibits the growth of the cold storage industry.

2. Inadequate capacity for multi-storage, high Opex, long gestation period & small unorganized players are some of the other pain points of this industry.

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While the cold storage capacity has increased at a CAGR of ~4.8% during 2010-20, it is still behind the capacity of New Zealand, the USA, and Great Britain in terms of availability per urban resident in cubic meters. There can be many reasons for it. One of them is the inadequate capacity for multi-storage. Around 68% of its capacity is suitable for potato storage only which makes it an economically not so-viable option in bumper years of production.

Also, only 20% of revenues of the cold chain sector are generated from Potato while the multi-purpose sector increases the capacity utilization rate and contributes 54% to total revenue. Moreover, the presence of small independent private players has restricted the growth of the industry as these players do not possess the required monetary backing for undertaking capacity expansion, technological advancements across cold chains, procuring reefer trucks, setting up mobile units, etc. Also, the low availability of skilled staff at economically viable rates increases the Opex.

3. Opening up of the sector and technological push is gearing up for unleashing the potential of the cold storage market in India.

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Despite having challenges, the industry is expected to grow in the future as multiple factors are working together to boost growth. One of them is the surge in the adoption of CA Technology. Cold storage operators with sound capacity & sizeable operations expressed willingness to upgrade their cold storage rooms with Controlled Atmosphere technology. Given the inherent benefits of technology, cold storage operators are looking to diversify clientele to export partners; fetching higher returns than normal market prices.

In addition to this, in 2020, Mumbai airport became the world’s largest airport-based temperature-controlled facility with a capacity of stock holding up to 700 tonnes at a time. Railways of India has been undertaking multiple steps via CONCOR & subsidiaries to establish/ operate cold storage units in various states. Entry of new players, increase in contract farming, and backward integration are some of the other trends and development in the industry.

KSA Last Mile LEVs Market is growing and have huge potential due to its high penetration: Ken Research

 1. The current Saudi framework for EVs is in its early stages and is yet to be developed into a comprehensive framework.

In Saudi Arabia, less than 0.5% of vehicles are used as PHEVs at the moment. However, commercial EV deployment is not taking place in the kingdom. Additionally, starting 2018, Saudi authorities have let their residents to import EVs for personal usage. The establishment of an incentive, such as cost-free charging stations, reduced vehicle registration, toll exemptions, and other benefits, has not yet occurred. Saudi Arabia's EV infrastructure is still lagging behind since the government has not yet set up charging stations in public places.

2. Cost-effective, rising gas price, reduced noise pollution and better driving experience to provide multiple benefits in adoption of LEVs.

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The demand for EVs is expected to rise in the near future due to rising fuel prices, such as the price of gasoline in 2021. Electric vehicles also accelerate and decelerate smoothly and quickly because an electric engine produces rapid torque, which allows them to take off from stops quickly. Additionally, the low center of gravity of EVs enhances handling, reactivity, and ride comfort. Additionally, because they are significantly quieter, electric automobiles help to reduce noise pollution. Additionally, EVs cost more to buy than ICEs do. However, the operating costs of an ICE vehicle (which require gasoline and maintenance) are higher than those of an EV.

3. Lack of transparency, large cod-based transactions, optimization and reverse logistics are pain points in current last mile delivery ecosystem.

With the exception of E-Commerce and Food Delivery, relatively few express companies in Saudi Arabia offer GPS real-time tracking as a service to customers that require complete access to real-time monitoring of their deliveries. Furthermore, in Saudi Arabia, more than 60% of customers choose COD services. The cost of COD deliveries is thought to be twice as high as that of prepaid orders due to greater rates of returns and failed delivery. In addition, last-mile delivery failures in Saudi Arabia result in low customer satisfaction and lost revenue when returns and retries of E-Commerce goods cause delays and protracted wait times. Last but not least, vehicle routing is a challenging computation of available drivers and vehicles utilizing the quickest routes to deliver customer orders within the desired time periods. Missed deliveries or slipping SLAs as a result of a routing delay or ineffective routing method can negatively impact the customer experience.

4. LEVs adoption is expected to reach 10% in the LMD Fleet by 2027F in KSA Last Mile LEV Market

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Currently, LEVs do not promise a higher adoption potential attributed to both a high-cost disparity and a lack of vehicle. Small format EVs may gain momentum in the near future, given their lower fuel and maintenance costs. They are also less dependent on charging infrastructure, since their power requirements are lower, and they are more likely to come in models that allow battery swapping. Also, electric vehicles in food and grocery delivery sectors are expected to penetrate faster due to availability of hybrid models.

China Logistics Industry grew and reached to ~ 10 Trillion in 2020 owing to the rising Investments and Improving Infrastructure: Ken Research

 1. The Logistics Industry is expected to witness a Rise in Digital Freight Brokers, Improvement in Infrastructure and Growth in Automation

The China Logistics Market is expected to grow at a CAGR of ~7.5% over the forecasted period (2023-2025F) with warehousing market expected to increase its market share marginally. Digital Freight Brokers are expected to expand in the market with an average CAGR of >20%, leading to the industry becoming more organized while Intermodal Freight Logistics Parks and other infrastructure projects are also expected to rise in future paving way for better logistic services in the country.

Moreover, initiatives like Infrastructure push by the government aimed at increasing efficiency of the supply chain, as the government plans to promote rail and road freight network will serve as a catalyst for the overall logistics market in China. It is also predicted that the warehousing industry will witness an increase in use of technology and automation as major players adopt robotics technology in order to gain return on investment in less time than it took before and remain competitive.

2. The 3PL Market of China is highly fragmented with large number of companies focused on Consumer Retail sector

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China’s has one of the largest 3PL Markets in the world. The Industry grew at a CAGR of 13.4% from RMB 1 Trillion in 2015 to RMB 2.0 Trillion in 2020.The 3PL Market in China is highly fragmented and consists of companies which are generally small in scale, with single service functions.  In this context, the industry is expected to usher in a new round of concentration & integration in future to provide full set of services to the clients.

In terms of competition, China Contract Logistics industry is dominated by logistics subsidiaries of large foreign & domestic companies, and the market for private third-party companies is relatively small ( 40 - 50% of top 50 Companies). 47% of 3PL Logistic services in China are focused on consumer retail sector followed by ~13% in Automobile Sector, ~12% in Pharmaceutical Sector, ~11% in Electronics sector and ~16% in other sectors such as Chemicals, etc.

3. China Warehousing Industry generated a Revenue of RMB 0.8 Trillion from 2,010 Mn Sqm Logistics Infrastructure Supply in 2020

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In recent years, China's logistics has grown steadily with huge investments, which has driven the increase in storage costs year by year. In 2020, China’s warehousing cost reached RMB 5.4 Tr, a year-on-year increase of 7.4%, accounting for 34% of the cost of the logistics industry. In 2020, China had 7000+ automated three-dimensional warehouses covering an area of more than 3.5 Mn sqm. These have grown at a CAGR of ~8.8% from 2015-2019 and are expected to show higher growth in the future owing to increasing demand.

The Indonesian Chemical Construction Company is expected to grow at a CAGR of ~9% in the upcoming years: Ken Research

 1. Oligopolistic Market is with a few players dominating the market, with high fragmentation among smaller players occupying minute portions of the pie.

Indonesian construction sector is expected to grow at YoY rate of 5.4%, i.e., at CAGR 11% over the period of 2022-2025, thus impacting the growth rate of construction chemical market as well. The extremely humid climate of Indonesia, with increasing awareness of construction chemicals is driving up demand for waterproofing products.

The market has significant presence in terms of numbers of small sized players operating in different product categories. Industry is growing at a faster rate compared to the Global Industry. Only few major companies such as Aquaproof, SIKA, Fosroc, MBS have strong retail chains in the industry. Unorganized market share is ~20% of the overall Construction Chemicals Market as of FY20. Moreover, the overall market is highly oligopolistic, with major players such as SIKA, Fosroc, MBS, Mapei and ESTOP capturing nearly 75% of the market.

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2. Indonesian Construction Chemicals Market Size Market Size in FY’20 was ~12 Mn USD and it has grown at a CAGR of 7.3% from FY’15 to FY’20.

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Growth in urbanization and development of housing projects led to the growth for construction chemicals. Demand for high quality and durable products such as construction admixture for cements, waterproofing chemicals increased the adoption of construction chemicals. The drought and water scarcity in Indonesia has led to the demand for water reducer additives and newer technologies that allow construction processes to consume lesser water.

Global companies increased their presence by opening new manufacturing plants, for instance SIKA opened a third manufacturing plant in Indonesia, Deka Group has acquired PT Estop Indonesia to enhance their concrete admixture sales. Sika, Fosroc, MBS are few of the pure construction chemicals companies having strong presence in market. Whereas companies such as Bostik, DOW, Bossil, that majorly offer other allied products are also present in market. Construction sector had to bear the worst impact of Covid-19 as there was major financial crunch in the market. Construction activities were completely halted and projects shut down, which indirectly affected the construction chemicals market adversely.

Malaysia’s Construction Chemical market is expected to contribute a revenue of USD 744 Mn in 2027F expanding at a CAGR of ~ 5% in between 2022E and 2027F: Ken Research

Strong Growth & Government Support: The global pandemic disrupted the global markets including the construction Industry but several initiatives have been taken by the Malaysian Government to induce a steady recovery. In December 2021, The Malaysian government pass budget of MYR332.1 billion ($81.8 billion) for 2022 including an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, and support businesses^. The government also introduced the 12^th Malaysian plan. Ongoing developments under the 12th Malaysia Plan include eight highway projects (four of which are in the Klang Valley), five railway projects and a hydroelectric dam project in Baleh, Sarawak. More than 67000 units of affordable houses were approved for construction under the Federal Territories Ministry’s Residensi Wilayah Keluarga Malaysia housing project as of May 2022^.

Slightly Fragmented: Malaysia Chemical Construction Market is slightly concentrated and has a fragmented tail as it is flooded with multiple small domestic and international players. The major competitive parameters are geographies covered, brand awareness, payment terms, quality vs quantity, domestic sales vs exports, type of product & total SKUs. SIKA is the leader because they are dominating a large segment of market with highest revenue and huge capital investment. After acquiring BASF (MBCC Group), both the companies with dominate the market. Bostik and Pentens operates in limited construction chemicals but makes good revenue. MAPEI are visionaries as they have average market share. They understand where the market is going but do not yet execute very well because lack of partnership.

Analysts at Ken Research in their latest publication, “Malaysia Construction Chemicals – driven by strong growth of construction Industry & Government support” by Ken Research observed that Malaysia Construction Chemical Market is in a growth phase & is  expected to grow at a CAGR of ~5%  in the forecasted period 2023-2027F. It is to be noted that the Malaysia Construction Chemicals market is is slightly concentrated and has a fragmented tail as it is flooded with multiple small domestic and international players competing not only on the basis of price and quality, domestic sales & product quality.

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Key Segments Covered in the report:

By Market Type:

• Organized
• Unorganized

By Product Type:

• Concrete Admixtures
• Waterproofing
• Repair & Rehabilitation Chemicals
• Grouting Chemicals
• Coatings
• Sealants & Adhesives
• Industrial Flooring

By Region

• North Peninsula
• South Peninsula
• Central Peninsula
• East Malaysia

By Type of End users

• Residential
• Commercial
• Industrial

By Major Players

• Sika
• BASF
• Fosroc
• Pentens
• Bostik
• Mapie
• Others

Key Target Audience

• Construction Chemical companies
• Concrete Additive companies
• Waterproofing companies
• Adhesive and Sealant Companies
• Repair and Rehabilitation Chemical companies

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Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2023-2027F

Companies Covered:

• Sika
• BASF
• Fosroc
• Pentens
• Bostik
• Mapie

Key Topics Covered:

• Executive Summary
• Country Overview
• Malaysia Construction Market Overview
• Malaysia Construction Chemical Market Overview
• Malaysia Construction Chemical Market Size
• Malaysia Construction Chemical Market Segmentation
• Industry Analysis of Malaysia Construction Chemical Market
• Competition Framework of Malaysia Construction Chemical Market
• Future Outlook of Malaysia Construction Chemical Market
• Analyst Recommendation
• Research Methodology

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

Malaysia Construction Chemical Market

Related Reports by Ken Research: –

Indonesian Construction Chemicals Market Outlook to 2025

Vietnam Construction Chemical Market

India Construction Chemicals Market Outlook to 2025

Kuwait Warehousing Market Space to increase at a CAGR of 10.7% from 2021-2026F and is expected to reach at ~7 Mn sqm in 2026F: Ken Research

 1. The Kuwait warehousing industry is in the growing stage and is undergoing radical changes as warehouses are becoming increasingly sophisticated

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The warehousing segment in Kuwait is becoming increasingly sophisticated & advanced with time & is expected to witness innovation in upcoming years. Kuwait is majorly focusing on improving its trade relations which led to the growth in import and export in terms of value and volume. Companies manufacturing or importing products in Kuwait usually outsource all or part of their supply chain to logistics specialists when it’s not a core. Along with warehousing services (picking up, packing and labeling), logistics suppliers have extended their traditional core into extra value-added services, such as postponed manufacturing (light assembly, kitting, manufacturing and quality control), and even payment and customer management. Moreover, government initiatives are also expected to boost the overall market growth. Kuwait government’s plans to invest across strategic sectors under Kuwait Development Plan (KDP) 2015-2020 has positively impacted the market.

2. Advanced sortation systems, Drones, IoT and Automated guided vehicles are some of the emerging technologies in the Kuwait warehousing ecosystem

Kuwait Warehousing Market is expected to witness innovation in terms of technology in upcoming years. Advanced sortation systems, Drones, IoT and Automated guided vehicles are some of the emerging technologies in the market. Automated guided vehicles or AGV’s can be used to transport raw materials, work-in-progress, and finished goods around the warehouse whereas technologies such as the IoT can help warehouses to reduce risk and avoid mistakes or accidents that can create losses in the supply chain by early detection. It is also expected that in future many warehouses will be able to use drones to track their inventory. This will give warehouses of all sizes the ability to conduct comprehensive inventory counts and audits at the drop of a hat. Safety concern is holding back drones from becoming part of the warehouses.

3. The growth of local companies within the logistics sector points to widening industry potential in the country with total warehousing space growing @10.7% CAGR (2021-2026F)

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Kuwait is developing its transportation infrastructure across ports, airport and rail with a view to position the country as a hub for regional trade. This, combined with Kuwait’s reliance on imports, logistics and warehousing presents considerable opportunities for international players. Technological Advancements are expected to improve and enhance supply chain transparency and security leading to improved cost efficiency while SMEs are expected to increase in the FMCG, Pharma & manufacturing sector which will induce freight handling of these goods. Moreover, expansion of logistics infrastructure such as intermodal connectivity, logistics parks and ports to create business opportunities.