Upcoming Residential Projects to drive the Real Estate Market in Singapore with Increase in Listings on the Website: Ken Research

 1. The increased investment in the region, rapid population growth, and Increasing Smartphone Penetration are some of the major growth drivers in the market.

Demographic data affects the real estate market through property-type demand and supply, pricing, migration, and investment. People are moving away from private areas and opting for shared office spaces, hotel stays, co-living units, and others due to increasing rent. Additionally, over 50% of the current Singapore Property Classified market is influenced by the internet. This widespread digitization of the region alongside the deployment of 5G means Property Classified startups can seamlessly offer their real estate solutions to the public via mobile devices. Further, there is a massive demand for new properties, which is boosting the real estate sector. In Singapore, for example, the Urban Redevelopment Authority’s (URA) data showed that newly built private home sales went up by 82.2% in July 2020.

2. Singapore Property Classified market has evolved and has achieved high acceptance among customers, a few players dominate the market, but many new players are still entering with innovative products.

With a population of 5.4 Mn in 2020 and a major financial hub in the Asia Pacific region, Singapore has earned a reputation as one of the world’s most advanced economies. Also, Singapore is a leader in Southeast Asia with more than 80 PropTech companies, the majority of which are successfully creating a powerful and transparent digital integration. Most full-stack Property Classified players in Singapore have remained focused on the residential property segment considering the burgeoning housing shortage, rapid urbanization, and urban migration trends. Additionally, property classified companies in Singapore range from crowdfunding websites to smart building firms, property search engines, market research companies, asset management companies augmented reality service providers, and video analytics solution providers to track human traffic in retail malls.

3. Singapore Property Classified Market is expected to grow at a massive rate of 30.16% CAGR during 2020-2025 providing a lucrative opportunity for Property Classified investors.

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Singapore's Property Classifieds Market is predicted to rise at a staggering 30.16% CAGR between 2020 and 2025, creating a profitable potential for Property Classified investors. For landlords, potential real estate investors, and renters searching for an efficient and safe opportunity in the Commercial Real Estate market, technology has become an increasingly appealing asset (CRE). This gives a profitable chance for Property Classified investors to see substantial returns on their investments. Builders and brokers dominate the real estate digital classifieds industry, which is still in its early phases of growth. Furthermore, with emerging technology-based services such as 360-degree view, listing convenience, subscription management, and so on, the emphasis will most likely be on teaching individual consumers. Therefore, the advertisements are more likely to be to focus on the individuals on both the buying and selling side, which could help reduce the resistance of online real estate tractions by individual users.

4. As privacy and cyber security concerns arise for the Property Classified market, its growth is hindered by its dependence on the data.

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Property Classified technology uses and relies on information for optimal performance. As a result, it generally collects and uses data, including personal information, from users of the Property Classified.  As the data may need protection as confidential information/trade secrets. Due to this, property classified companies may become targets for cybercriminals because of the sheer amount of information they possess and the sensitive nature of that information. In the digital classifieds space, impulsive purchases by offering deals and discounts are yet to arise. Customers, mobilized through marketing and activation activities, have a high acquisition cost.  Additionally, most of these portals have a long lead time between two transactions from the same customer, limiting their unit economics. Responding to these challenges will require greater cooperation and collaboration among technology firms, property companies, and the industries they serve, as well as national and urban governments.

Future Outlook of Israel Fitness Services Market: Ken Research

 1. Israel Fitness Equipment Market generated a revenue of more than $130.0 Mn in 2020 majorly the driven by shift of focus to a healthier lifestyle and the promotion of the new offerings.

Sedentary lifestyles and hectic schedules along with COVID19 Outbreak has resulted a spike in the number of people working out from homes to avoid getting infected, thus fueling the adoption of in-home fitness equipment. Coupled with that, growth in home fitness equipment in the recent past is also the result of the inconvenience of commuting to a gym to use the machines, trainer fees, and membership fees primarily in Israel. In Israel elliptical and fitness machines along with treadmill and cardio training fitness equipment has dominated the overall fitness equipment market with Jerusalem region having majority of health clubs and gyms accounting for extensive revenues in Israel’s fitness equipment market.

2. Growth in the Fitness Industry will be triggered by a ~ % increase in the number of clubs across the country driving a total increase in members by nearly 15 % and contributing ~0.3% to GDP.

Steady increase in demand of certified personal trainers along with advancement of technologies adopted by majority of the fitness center and rising awareness among people about their health will intensify the number of subscribers. Israel Health and Fitness market is expected to witness massive growth in offline centers contributing majority of the revenue share with online fitness market growing at ~25% CAGR in the forecasted year.

3. Commercial Fitness Centres are expected to grow more than 15% CAGR by contributing majority of the revenue in the market generating nearly ~$1800 Mn in the forecasted year.

It is anticipated that the introduction of low-cost multinational fitness chains and the alluring promotions provided by such brands would increase the offline membership participation rate in fitness clubs. Fitness centres would see an increase in income if clients in the organised and unorganised fitness centre markets demanded more REPs certified personal trainers. Coupled with that, consumers would interact with fitness and wellness businesses more frequently than ever before in an effort to embrace better lives and create supportive communities.

4. Israel Fitness Services Markethas more than 9% penetration rate with majority of the population participating in some sort of physical activity daily.

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Members are utilising the resources of numerous facilities to accomplish their fitness and health objectives rather than being loyal to a single institution. In addition to this the fitness and health clubs are creating cutting-edge strategies and activity models to maintain and expand their client bases in order to stay ahead of the competition. In a similar vein, "workout from home" built gyms and studios are becoming more prevalent, offering customers a safer fitness regimen in the convenience of their own homes.

5. Variety of Service Offerings, Growth of Ladies Fitness Center and Increase in Demand for Virtual Sessions are expected to enhance the demand for Fitness Services Market in Israel.

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Major fitness chains such as Lunge Studio and Sky Gym offers a variety of services such as measuring the percentage of fat, muscle mass, abdominal fat, weekly weighing and more and accordingly composes the training and menu for an individual. In addition to this, the benefits of HIIT has been attributed to attract most of the customers resulting into growing popularity in organized fitness centers in Israel as workouts are time efficient and very effective for burning fat. Moreover, Opening up of ladies dedicated gyms such as Fitwell Ladies Fitness Centers with female professional trainers to guide woman's pursuing exercises has created new segment and increased the female memberships in the country. Simultaneously, higher demand has been observed among people for digital training session for strength building, yoga and pilates at their homes from certified professional trainers rather than joining an offline fitness centre.

Belgium Agriculture Machinery Market Outlook to 2027F: Ken Research

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What is the Size of Belgium Agriculture Machinery Industry?

Belgium Agriculture Machinery market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The Belgium Agriculture Machinery Market is largely driven by rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support.

The Government of Flanders (Belgium) has signed new agreement with the Food and Agriculture Organization of the United Nations (FAO) to bolster the implementation of the new phase (2022P-2025) of FAO’s Flexible Voluntary Contribution (FVC), which is expected to boost the Belgium Agriculture Machinery market.

Agricultural equipment rental service is being driven mostly by the need to ease farmers' financial burdens rises due to pandemic and to provide better equipment to the farmer for better yield and productivity to meet the market demand and provide a quality product. Also, Larger farming tools like tillage equipment, mower conditioners, and forage harvesters are not only more expensive but also take longer to produce the required outcomes. As a result, renting farm equipment is offering a better alternative to farmers, thus fueling the Belgium agriculture equipment market.

Belgium Agriculture Machinery Market by Product

The Belgium Agriculture Machinery market is segmented by Product into Tractors, Combine Harvesters, Agriculture Implements and Rice Transplanters. Combine harvesters held the largest market share in the Belgium agriculture machinery market in 2022.

Belgium Agriculture Machinery Market by Tractor

The Belgium Agriculture Machinery market is segmented by Tractors into 8HP – 15HP, 20HP – 35 HP, 36HP – 47HP, 48HP – 75HP, 75HP – 100HP, 100HP – 120HP and Above 120 HP.  75Hp – 100Hp were the most preferred tractors in the Belgium agriculture machinery market in 2022.

Belgium Agriculture Machinery Market by Combine Harvesters

The Belgium Agriculture Machinery market is segmented by Combine Harvesters into 70HP and below, 75HP – 105HP and Above 105 HP. 75 Hp – 105HP combine harvesters were the most preferred one according to their crops in 2022.

Belgium Agriculture Machinery Market by rice transplanters

The Belgium Agriculture Machinery market is segmented by Rice Transplanters into 4 Row RT, 6 Row RT and 8Row RT. 6 Row RT was the dominant rice transplanters followed by 8 Row RT in Belgium agriculture machinery market in 2022.

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Competition Scenario in Belgium Agriculture Machinery Market

Belgium Agriculture Machinery Market is a moderately consolidated market which is still in the growing phase. With Increasing innovation in agriculture sector, integration of Agriculture 4.0 and use of smart farming are some of the factors that will drive the Belgium Agriculture Machinery Market. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.

What is the Expected Future Outlook for the Overall Belgium Agriculture Machinery Market Across the globe?

The Belgium Agriculture Machinery market was valued at EUR ~billion in 2022 and is anticipated to reach EUR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Belgium Agriculture Machinery market is driven by rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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The development of cutting-edge technologies is leading to a wide range of notable applications, including crop health monitoring, crop productivity analysis, soil nutrition management, rainfall monitoring, and pest infestation monitoring, which is opening up numerous opportunities for farmers, consumers, and other stakeholder to increase crop yield and quality. The development of decision support tools, remote monitoring and fertilizing systems, and automated irrigation systems as a result of increased research and development efforts is assisting businesses in reducing costs and maximizing employee productivity. Further drawing significant attention and investment, these cutting-edge technologies have the potential to increase food production while reducing environmental harm.

Furthermore, with the use of Agriculture 4.0 in Belgium agriculture market which includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others which will enables farmers and companies to Integrate digital technology into farming practices which will increase their yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is also expected to reduce cost and provide high-quality food which will fuel the growth in the agriculture machinery market in Belgium in the upcoming years.

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Belgium Agriculture Machinery Market

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France Used Cars Market Outlook to 2027: Ken Research

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What is the Size of France Used Cars Industry?

France Used Cars market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The France Used Cars Market is largely driven by factors such as rising income levels, increased demand for luxury vehicles, shorter car ownership periods, brisk import-export activity, and a growing consumer preference for small and compact vehicles.

Some of the other reason for this rapid growth is the entry of organized players into the market, which has addressed the trust deficit that has plagued the used car market for many years. France used car market is at a late growth stage along with single-digit CAGR in terms of sales volume during the year 2018.

Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021. In 2021, more than six million cars have changed hands in a single year. The prolonged waiting period for new vehicles encouraging a large number of customers across the country to opt for used vehicles, which is likely to drive the market growth during the forecast period.

France Used Cars Market by Type of Used Car

The France Used Cars market is segmented by Type of Used Car into Sedan, Hatchback, SUV, Van, Crossover and Others. Sedans have the highest market share followed by SUV and Hatchback in the year 2018. This is due to Sedans offer better space, practicality and in some cars, a better resale value.

France Used Cars Market by Market Structure

The France Used Cars market is segmented by Market Structure into Organized and Unorganized Market.  The unorganized used car market is leading in France owing to the ease of buying and selling processes involved in the used car market. It has been observed that the major transactions happen between private sellers or individuals in the country.

France Used Cars Market By Age Of Vehicle

The France Used Cars market is segmented by age of vehicle into 0 years of age to more than 10 years of aged vehicles. A 5-year-old car is still better than a 10-year-old car of the same model. However, parts, like engines and suspensions, are not designed to last forever. Eventually, they will wear out at some time. The age of the best-used cars to buy is a debatable factor. Some people argue that the age of the car does not matter. If the vehicle is maintained correctly, age is not a problem. But that is not true in some cases.

France Used Cars Market by Kms Driven and Type of Fuel Engine

The France Used Cars market is segmented by Kms Driven and Type of Fuel Engine into ranging from less than 5000km to above 120,000 km. Used car KM check is another important feature. It decides the health of the engine.

The most important component that any consumer must inspect while purchasing a secondhand automobile seems to be the engine. It is crucial to a vehicle's operation and efficient operation. The health of the engine affects overall performance, speed, and fuel economy. Furthermore, being able to afford a used automobile might help you get fantastic offers.

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Competition Scenario in France Used Cars Market

France used car market was observed to be highly fragmented along with the presence of multiple outlets of the dealerships in the used car space. Gueudet, BYmyCAR, Bernard Automobiles, Car Avenue and many others are few major companies in the online and offline used car market. These market players compete on the basis of a number of networks, marketing initiatives, certification, margins, price, after-sales, lead generation, warranty types, brand partnerships and a number of dealers associated with the dealer group.

What is the Expected Future Outlook for the Overall France Used Cars Market Across the globe?

The France Used Cars market was valued at EUR ~billion in 2022 and is anticipated to reach EUR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The France Used Car market is forecasted to continue exponential growth after the outbreak of COVID-19 pandemic worldwide. One of the main trends driving market expansion is the need for a personal automobile by people, particularly in the aftermath of the covid-19 pandemic's spread across countries. Though the market is fragmented competitive with a few niche players control the dominant share.

The prolonged waiting period for new vehicles encouraging a large number of customers across the country to opt for used vehicles, which is likely to drive the market growth during the forecast period.

The surge in the adoption of car financing and insurance options at the used car dealerships in France will lead to significant growth in the used car market. The used car industry is anticipated to grow in the next few years owing to the fall in the new car sales due to the ban on diesel and petrol cars. The French people will take time to shift from fuel cars to electric cars, which will contribute to the growth of the used car market. The country would be witnessing a growth in the used car dealerships, leading to the increased availability of used cars for the customers.

The implementation of government policies for low emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute to the growth of the used car market in the next few years.

Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021.

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France Used Cars Market

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Indonesia Baby Food Market Analysis, Industry Future Outlook: Ken Research

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Competition Scenario In Indonesia’s Baby Food Market

Indonesia’s Baby Food Market is at a growing stage and has consolidated the market with about 10-12 baby food. Major players operating in Indonesia’s infant nutrition market include Nestlé S.A., Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP, Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia, and PT Frisian Flag Indonesia.

What is the Expected Future Outlook for the Overall Indonesia Baby Food Market Across the globe?

The Indonesia Baby Food market was valued at IDR ~billion in 2022 and is anticipated to reach IDR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Indonesia Baby Food market is driven by the awareness generation of infant nutrition, the increasing population, and rising urbanization.  Also, parents' lifestyles and their rising interest in food, particularly organics, have both contributed to the baby food market's recent changes. Product innovations also play an essential role in the growth of the baby food market. Intensive research and development activities have facilitated the launch of innovative products in the market. In addition, the safety of baby food is the prime concern among consumers and manufacturers. Tamper-proof packaging of baby food products ensures optimal safety of its contents.

Innovations in improving the safety of these products through process improvements and technological advancements will drive the growth of the baby food market. Powdered milk or formula is also recommended for infants with certain medical issues since it has fortified minerals like iron, calcium, and vitamins that have been added. Due to its longer shelf comparison to other baby food items, powdered infant nourishment products are anticipated to become more popular.

The increasing demand for organic food for babies is expected to fuel the Indonesian infant nutrition market growth. Marketing strategies adopted by infant nutrition product manufacturers in Indonesia are creating awareness about the importance of feeding specialty baby food and infant formulas. Also, Baby food items are anticipated to grow quickly as a result of marketing efforts and promotions. Along with this, it is anticipated that as the number of working women increases, traditional baby care methods would drop across the nation.

Key Segments Covered: –

By Food Category

Dried Baby Food

Prepared Baby Food

Milk Formula

Other Baby Food

By Type of Milk Formula

Standard Milk Powdered Formula

Follow-on Milk Powdered Formula

Growing-up Milk Formula

Special Baby Milk Formula

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Nature of Food

Inorganic Baby Food

Organic Baby Food

By Channels of Distribution

Hypermarkets

Discounters

Supermarkets

Independent Small Grocers

Health and Beauty Specialist Retailers

Other Foods Non-Grocery Specialists

Internet Retailing

By Age Group

0-6 Months

6-12 Month

12+ Months

Key Target Audience

Baby Food Manufacturers

Baby Product Manufacturers

Baby Product Distributors

Baby Food Distributors

Government Agencies

Baby Food Retailers

NGOs supporting Baby Health

Pharmaceutical Stores

Online Sales and Retailing Agencies

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Time Period Captured in the Report

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022 – 2027F

Companies Covered:

Danone Indonesia

Nestle Indonesia

Abbott Indonesia

PT INDOFOOD SUKSES MAKMUR Tbk

Saipro Biotech Private Limited

PT Kalbe Farma Tbk

Indofood CBP

Mirota KSM

Nutricia Indonesia Sejahtera

Sari Husada

Mead Johnson Indonesia

PT Frisian Flag Indonesia

Key Topics Covered in the Report

Executive Summary

Ecosystem of Indonesia Baby Food Market

Indonesia Baby Food Market Overview, Genesis, and Value Chain

Indonesia Baby Food Market Size and Segmentation, 2017-2022

Trends and Developments in Indonesia’s Baby Food Market

Issues and Challenges in the Indonesia Baby Food Market

Snapshot on Emerging Baby Foods in Indonesia Baby Food Market

Government Regulations in Indonesia’s Baby Food Market

SWOT Analysis and Competitive Landscape of the Indonesia Baby Food Market

Indonesia Baby Food Market Future Outlook and Projections and Analyst Recommendation, 2022-2027(F)

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Future Outlook of Indonesia Baby Food Market

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Philippines Data Center Market is expected to generate USD ~ 600 Mn by 2027F: Ken Research

Philippines Data Center Market is at growing stage and has moderately concentrated market. There are approximately 10 players in market with ePLDT having strong base in terms of both white space area and total number of racks. Players are competing on the basis of number of data centers, data center capacity, uptime SLA, data security, client base, network and connectivity.

Key Findings

• The emergence of 5G and 6G technology in the Philippines is likely to grow the adoption of IOT-enabled products in the market.

• Telecom and IT department are anticipated to acquire more data centers as these provide reliable and fast communications to customers and stay ahead of technology advancements.

• The rising demand for decreased latency in data transfers and improved connectivity amid the increasing adoption of smart devices is likely to boost the demand for retail colocation data centers. 

5G and 6G technology: The 5G and 6G technology will push the adoption of IoT-enabled products in the Philippines market. The market for big data and IOT is still in the nascent stage of growth. However, it has huge potential to be the strongest driver for Cloud Services Data Centre investments in the Philippines market.

Emergence of new business models: New Business models are likely to emerge including colocation services, pay-per-use utility model, built to suit, etc. Location and design, easy scalability, security, infrastructure, sustainable practices and reliable partner are the key determinants for Cloud Services and Data Centre demand.

Increasing Demand from End-Users: Telecom and IT department are anticipated to acquire more data centers as these provide reliable and fast communications to customers and stay ahead of technology advancements. Hence, they will require more data centers in near future. Also, Digital and instant payments and the demand for domestic data storages will drive the BFSI share.

Government’s push to digitize processes and emergence of green data centers: Executive Order (EO) 170 mandates the use of digital payment systems by government agencies. This will be critical in streamlining administration and attracting more foreign investment to the Philippines. In addition, firms looking for hubs with abundant renewable energy sources will find the Philippines appealing.  The government's National Renewable Energy Program (NREP), which aims to increase renewable energy's share of total power generation to more than 35% by 2030 and 50% by 2040 is expected to entice data center operators concerned with sustainability.

Analysts at Ken Research in their latest publication “Philippines Data Center Market Outlook to 2027F- Driven by investment from the global players and the transition from colocation to hyperscale with high internet penetration” observed that data center market in Philippines is at growing stage. The formulation of supportive government policies and increasing e-commerce, supportive cloud first policy along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 13.1% CAGR during 2022-2027F.

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Key Segments Covered in the Report: –

Philippines Data Center Market

By Vertical

• Co-Location
• Managed
• Hyperscale

By Co-Location

• Retail
• Wholesale

By Type of End User

• Telecom and IT
• BFSI
• Government
• E-Commerce
• Healthcare
• Others

By Major Cities

• Greater Metro Manila
• Luzon
• Visayas
• Other Regions

Key Target Audience:

• Data Center Companies
• Cloud Providers (Domestic and Global)
• Managed Data Center Companies
• Co-Location Data Center Companies
• Private Equity and Venture Capitalist
• Industry Associations
• Data Center Constructors
• Technology Providers

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Time Period Captured in the Report:

• Historical Period: 2018-2022
• Base Year: 2022
• Forecast Period: 2022-2027F

Companies Covered:

• E PLDT
• PH Colo INC
• Globe Telecom
• Total Information Management
• Digital Edge
• Bee Infotech PH
• Converge ICT
• Space Dc
• Eastern Data Center
• Data one Asia

Key Topics Covered in the Report:

• Market Overview and Genesis of Philippines Data Center Market
• Business Cycle, Ecosystem and Timeline of Philippines Data Center Market
• Market Size Analysis of Philippines Data Center Market, 2018-2022
• Philippines Data Center Market Segmentation
• Snapshot of Data Construction Companies in Philippines Data Center Market
• SWOT Analysis, Recent Trends and Growth Drivers of Philippines Data Center Market
• Competition Framework of Philippines Data Center Market
• Future Outlook of Philippines data Center Market
• Analyst Recommendation

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Business Opportunities in Philippines Data Centers Industry

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Future Outlook of Indian Used Agricultural Equipment Market: Ken Research

 1. Ambitious Government initiatives, increasing contract farming and demand for higher crop yield are some of the opportunities in the Used Agri-Equipment market

With government aiming to decrease imports for equipment such as power tillers, there is opportunity for local manufacturer to enter the domestic Agri-equipment market. Increased participation of corporates that are entering into farming through contract farming agreements will lead to increased use of implements and machinery on the fields creating need for more Agri-equipment.

With growing population and demand for higher yield, India is expected to overtake China and become the most populous nation in the world by 2027. This means an ever-increasing demand for higher yield of food-grains, which will drive up demand for mechanization. It has been observed that the ratio of agricultural labor to India’s overall workforce will continue to decline. This inherently will drive the need for mechanization.

2. Used Agricultural Equipment market in India has grown by CAGR 16.5% by volume in 2021

The used agricultural equipment market in India has seen a rise in the number of equipment sold in FY’16 to the equipment sold in FY’21, with a five year CAGR of 16.5%.

This growth can be attributed to recent government initiatives, rising adoption of mechanization in India, paired with economic feasibility of purchasing second hand equipment for Indian farmers, most of whom are small and marginal farmers, and thus, lack the capital to invest in a new equipment.

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3. Small land holding area makes the renting of equipment more practical for most farmers; farmers having access to higher machinery capacity are the suppliers

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India has a majority land holding size of area below 0.5 hectares, which is continuously decreasing. Rental market for agricultural equipment is a viable option for the marginal holding farmer to allow mechanization due to its lower capital requirement and being cheaper than individual ownership. Rental sector is almost entirely unorganized, with local players dominating the market with their established connections.

A majority of farmer co-operatives and association also pool their resources to rent equipment on need basis. This is because farmers in need of renting equipment also fall in the lower income group, with those renting out equipment being large farmers themselves, forming a symbiosis among farmers.

4. Fragmented landholding, lack of awareness and training, lack of financial schemes for small & marginal farmers are some of the major constraints in this market which can be addressed to reap benefits

Fragmented landholdings, diverse soil conditions and cropping pattern is present in India. Insufficient trainings and awareness along with adequate know-how of schemes, business models and applications processes has been missing amongst farmers. Poor access to finance with financing schemes depending on the applicant farmer’s profile for determining eligibility, creating an issue for small and marginal farmers acts as a major disadvantage.

Poor implementation of government support programs, with tiresome and complicated process availing of subsidy schemes under initiatives such as SMAM, leads to lower-than-expected adoption rates. Inefficiencies associated with lack of awareness and difficulty in filling online forms/applications by farmers is a disadvantage while availing schemes.

Operational constraints such as Continued focus on tractor sales development ignoring other equipment, Low Quality and serviceability due to heavily unorganized nature and Inefficiencies in farm equipment testing is hindering Agri-equipment adoption in India by farmers.

Future Outlook of Vietnam Online Grocery Market: Ken Research

 1. 1.85% Online Grocery Penetration Rate in 2021P Provides Enormous Opportunity for the Companies to Expand in Vietnam

The current penetration rate for grocery in Vietnam stands at 1.85%. The Ideal target audience for online grocery services is smartphone users aged 25-44. Companies must focus on developing strategies to attract customers and thereafter undertake strategies to retain those customers by regularly engaging with them. In terms of gender based penetration rate, Demand for online grocery has increased among the people living independently as they are increasingly outsourcing their chores through online grocery shopping. Employed Population at 15+ in Vietnam stood at 49 Mn as of 2021. Opportunity lies for the company to gain traction from female and male working population. Women are the major decision makers for grocery shopping in a household.

In order to attract more female customers, companies should focus on developing women centric strategies and providing cashback offers and promotional discounts. Demand for online grocery has also increased among the people living independently as they are increasingly outsourcinga their chores through online grocery shopping. Employed Population at 15+ in Vietnam stood at 49 Mn as of 2021. Opportunity lies for the company to gain traction from female and male working population.

2. Price, Delivery Cost and Delivery Time Amongst Most Influencing Factors Affecting Purchase Decision

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Price, Delivery Cost and Delivery Time Amongst Most Influencing Factors Affecting Purchase Decision but in terms of domination, the most beneficial factor of shopping online was identified as a possibility to compare prices and buy at a lower price. Customer prefer the operator that would offer similar products at a lower price. Moreover, faster delivery increases the chances of regular and frequent orders. Delivery fees, convenience charges or any other surcharges reduces the chances of regular orders. It has been noticed that customer prefers their orders to be delivered within the promised time slot, preferably between 6 – 9PM.

Aside from lost sales, stock-outs also lead to reduced customer satisfaction and lowered loyalty levels. In case of stock-outs, companies must provide alternatives. Optimum product portfolio maintained by companies ranges between 8,000-20,000 products across multiple categories. Hassle free payment, return & refund experience is also an important factor in a purchasing decision. A clear return policy gives consumers a feeling of security. About 60% of online grocery shoppers prefers cash as mode of payment.

3. Online Grocery Market expected to be around USD 2,700+ Mn by 2026F (CAGR 20.4%)

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Online grocery penetration is expected to increase from 1.85% in 2021P to 3.35% by 2026F owing shift in customer preference from offline to online grocery shopping. Sudden peak in 2021P was noticed due to the emergence of Covid-19 Pandemic. As people went into quarantine, online grocery shopping became increasingly popular as a result of which masses became habitual of the convenience arising out of the same. Increasing percentage growth GMV is expected to decline post 2021, owing to certain percentage of customer shifting back to grocery shopping from Traditional Market, hypermarkets and supermarkets.

Indonesia Baby Food Market Outlook to 2027F: Ken Research

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What Is the Size of Indonesia’s Baby Food Industry?

Indonesia’s Baby Food Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach IDR ~ Bn by 2027F. The Indonesia Baby Food Market is largely driven by the increase in the population, rising awareness of infant health and a healthy diet, along with increasing economic affluence in the country, investment, and some government Initiatives.

One of the prime reasons supporting the growth in the Indonesia baby food market is the rising participation of women in the labor force, which has increased the dependency on packed baby food.

Several factors contribute to the growth of the Indonesian baby food market. One of the most important factors is population. With Indonesia being among the most densely populated countries, the market is likely to grow rapidly. And it is expected to continue to expand over the forecast period. The labor force, or working population, is growing in tandem with the growing population. Furthermore, in 2019, there was an approximately 39% increase in the working women's population in Indonesia. As a result, Indonesia's increasing fertility rate and population have increased the demand for infant diets.

Indonesia Baby Food Market by Food Category

The Indonesia Baby Food market is segmented by food category into dried baby food, prepared baby food, milk formula, and other baby food market. Among the food category segment, the powder sub-segment held the dominant position and accounted for ~% share of Indonesia’s infant nutrition market in 2022P. Powdered infant nutrition products are expected to gain popularity due to their higher shelf life as compared to other baby food products.

Indonesia Baby Food Market By Type of Milk Formula

The Indonesia Baby Food market is segmented by type of milk formula into standard milk powdered formula, follow-on milk powdered formula, growing-up milk formula, and special baby milk formula. Standard milk powdered formula has the highest market share as it is the base formula for milk powder for babies.

Indonesia Baby Food Market By Nature of Food

The Indonesia Baby Food market is segmented by nature of food into inorganic and organic baby food. Due to ongoing trend and awareness among parents organic based baby food is in huge demand for the babies as organic food has more nutrients and its healthy.

Indonesia Baby Food Market By Channel of Distribution

The Indonesia Baby Food market is segmented by channel of distribution into hypermarkets, discounters, supermarkets, independent small grocers, health and beauty specialist retailers, other foods non-grocery specialists and internet retailing. The key distribution channels in Indonesia’s baby food market are hypermarkets & supermarkets, convenience stores, drug stores & pharmacies, and e-retailers. Hypermarkets & supermarkets were the sector’s leading distribution channel in 2022P.

Indonesia Baby Food Market By Age Group

The Indonesia Baby Food market is segmented by age group into 0-6 months, 6-12 months and 12+ months. 6-12 months baby consume most of baby products in Indonesia because after 6 months the babies can have other food apart from mother’s milk.

Key Segments Covered: –

By Food Category

Dried Baby Food

Prepared Baby Food

Milk Formula

Other Baby Food

By Type of Milk Formula

Standard Milk Powdered Formula

Follow-on Milk Powdered Formula

Growing-up Milk Formula

Special Baby Milk Formula

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Nature of Food

Inorganic Baby Food

Organic Baby Food

By Channels of Distribution

Hypermarkets

Discounters

Supermarkets

Independent Small Grocers

Health and Beauty Specialist Retailers

Other Foods Non-Grocery Specialists

Internet Retailing

By Age Group

0-6 Months

6-12 Month

12+ Months

Key Target Audience

Baby Food Manufacturers

Baby Product Manufacturers

Baby Product Distributors

Baby Food Distributors

Government Agencies

Baby Food Retailers

NGOs supporting Baby Health

Pharmaceutical Stores

Online Sales and Retailing Agencies

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Time Period Captured in the Report

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022 – 2027F

Companies Covered:

Danone Indonesia

Nestle Indonesia

Abbott Indonesia

PT INDOFOOD SUKSES MAKMUR Tbk

Saipro Biotech Private Limited

PT Kalbe Farma Tbk

Indofood CBP

Mirota KSM

Nutricia Indonesia Sejahtera

Sari Husada

Mead Johnson Indonesia

PT Frisian Flag Indonesia

Key Topics Covered in the Report

Executive Summary

Ecosystem of Indonesia Baby Food Market

Indonesia Baby Food Market Overview, Genesis, and Value Chain

Indonesia Baby Food Market Size and Segmentation, 2017-2022

Trends and Developments in Indonesia’s Baby Food Market

Issues and Challenges in the Indonesia Baby Food Market

Snapshot on Emerging Baby Foods in Indonesia Baby Food Market

Government Regulations in Indonesia’s Baby Food Market

SWOT Analysis and Competitive Landscape of the Indonesia Baby Food Market

Indonesia Baby Food Market Future Outlook and Projections and Analyst Recommendation, 2022-2027(F)

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

Future Outlook of Indonesia Baby Food Market

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Philippines Baby Food Market Outlook to 2023

Turkey Baby Food Market Outlook to 2023

Australia Baby Food Market Outlook to 2023

Indonesia Car Rental Market, Industry Growth, Analysis and Future Outlook: Ken Research

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Competition Scenario in Indonesia Car Rental Market

Indonesia’s Car Rental Market is at a growing stage and has a highly fragmented market, with the top 8 players accounting for a little over one-fourth of the market. Major players operating in the market are TRAC, Indorent, Bluebird, Adi Sarana Armada Tbk, and others. The companies rely on considerable research and development operations to stay competitive.

What is the Expected Future Outlook for the Overall Indonesia Car Rental Market Across the globe?

The Indonesia Car Rental market was valued at $ ~billion in 2022 and is anticipated to reach $ ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Indonesia Car Rental market is driven by new car rental companies along with increasing tourism in the country and more internet penetration in rural areas of the country. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. Also, online tourist vehicle bookings are increasing in the country due to the rising usage of smartphones, and the growth in the number of users preferring online channels. In the impending years, the Indonesia Car Rental Market will grow because of the increased focus of car rental firms on corporate clients, the increase in foreign travelers, etc.

The current car rental market participants in Indonesia are in the process of introducing new services and improving entertainment alternatives, such as adding an LED screen for clients to avoid exhausting them in their city’s traffic jams and GPS tracking of the journey. Since there are more businesses offering car rental services every year, the kind and caliber of these services are advancing in the market to compete. All of these elements would increase demand for car rental services in Indonesia.

There has been a paradigm shift away from products and toward experiences in recent years. Consumer durables and clothing spending have slowed, while experiential spending on recreation, travel and eating has skyrocketed. As a result, the demand for commodities outnumbers the demand for travel. Now, the growth has coincided with an increase in both domestic and international outbound tourists. The aforementioned factors are key drivers for the Indonesian leisure activity market, which will further boost the growth of the Indonesian car rental service market. Furthermore, because Jakarta is a popular convention destination, the leisure activity segment has significant market potential throughout the forecast period.

Key Segments Covered: –

Indonesia Car Rental Market:

By Market Structure

Organized market

Unorganized market

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By Type of Vehicles

Small Cars/ Hatchbacks

Sedans

SUVs

Others

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

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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

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