Future Outlook of Global Fitness Services Market: Ken Research

 Global Fitness Services Market By Subscription

The Global Fitness services market is segmented by Subscription into, 3 months, 6 months, 1 year and others. Majority of customer prefer to purchase yearly membership under organized fitness centers as majority of the market has been covered by the yearly subscription.

Global Fitness Services MARKET By Market Structure

The Global Fitness services market is segmented by market structure into organized and unorganized market.

Unorganized fitness centers dominate the global fitness services market. Number of unorganized fitness centers has been accounted more than, whereas organized fitness centers. Unorganized fitness centers contribute more than half of revenue as of 2021. Whereas, organized fitness services centers hold a small share in terms of number of fitness outlets as compared to unorganized outlets. Organized fitness centers have their major presence in urban areas only, whereas unorganized fitness centers have their presence in overall market which helps in dominating the sector.

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Competition Scenario In Global Fitness Services Market

Global Fitness Services Market is at a growing stage, being driven by growing awareness about health among people, the rising availability of Fitness centers and clubs and rising technological developments in sports and fitness related equipment. The Global Fitness Services Industry in is fragmented with key players such as LA Fitness, Life Time Fitness, 24 Hour Fitness, and Anytime Fitness.

What is the Expected Future Outlook for the Overall Fitness services Market Across the globe?

The Global Fitness Services Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. 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 Global Fitness Services Market is driven by The Global Fitness Services Market is largely driven by increased popularity of exercising throughout the globe and the internet, particularly among the younger generation. However, the market is also constantly being influenced by rapid development in tech enabled equipment, and product innovation.

Global Fitness Services Market is expected to extend significant development during the upcoming years attributable to the rising disposable income. The Global Fitness services market is expanding as a result of the increasing urbanization and rising standard of living. Additionally, Global share of the Fitness services Market will increase as a result rising Fitness awareness across the globe.

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

• Fitness Equipment Manufacturers
• Fitness Equipment Distributors
• Fitness Centres
• Government Organizations
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

Major Players

• Impulse
• LA Fitness
• Life Time Fitness
• 24 Hour Fitness
• Anytime Fitness
• Tera Wellness
• Town Sports International Holdings, Inc
• Planet fitness
• The Bay Club Company
• Equinox Holdings Inc.
• Self Esteem Brand

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

Global Fitness Service Market

Automotive Lubricants in Malaysia is expected to Generate around MYR 12 Bn by 2025- Major growth drivers which will help the industry boom? Ken Research

 The Government of Malaysia through its National Automotive Policy is focusing on strengthening the capabilities of the domestic automotive industry and creating a mechanism to promote investments to ramp up the domestic production, says a report by Ken Research

 Passenger Car Motor Oil is the leading type of Automotive Lubricant in the Malaysian Market due to the presence of more than 15 Mn Motor Cars.

                     

Online Presence of Lubricant’s Companies in Malaysia

• Passenger car motor oil has the highest demand in Malaysia and contributed 5% of the total sales volume in 2020 because of the rising number of passenger vehicles on road on account of factors such as increasing population, rising income levels, improving road infrastructure and more.
• A focus of the government to decongest the roads of Malaysia and improving the public transport system has led to a rise in the commercial vehicles on road, resulting in the surging demand for Heavy Duty Diesel Engine Oil, making it the second largest category in automotive lubricants.

2. Online Presence in the Lubricants Market will provide for a huge opportunity for companies looking to grow by enhancing reach among consumers.

                          

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Companies in the Automotive Lubricant Market in Malaysia are making an official presence on e-commerce platforms such as Lazada and Shopee Mall.

Companies are also introducing home automotive maintenance services in partnership with workshops and garages increasing their sales of Automotive Lubricants in the country.

3. Demand for High Performing Lubricants will drive future of Malaysia’s Automotive Lubricant Industry.

                       

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Synthetic formulations are gaining popularity in Malaysia, largely due to performance benefits, including enhanced fuel economy and improved engine protection.

Consumers in Malaysia are increasingly shifting towards synthetics, despite their premium price, in order to better protect their vehicle what is considered a significant household investment.

 

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The Global Hair Serum Market valued at USD 900 Bn in 2020. Will the market achieve a decent size during the forecasted period? Ken Research

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The market will be growing at the rate of 7% owing to active advertising campaigns, demand for organic hair care products & rising disposable income, says a report by Ken Research

1. Increasing demand for market innovation in Hair Serum market is driving companies to seek innovation in their new launches.

Major Companies in Global Hair Serum Market

Hair serum companies have been strategizing to expand their product offerings to meet the needs of customers as a result of which various new market entrants are expected to be seen in the Global Hair Serum Market. Furthermore, companies are also recognizing the changing consumer needs, thus introducing organic alternatives. The natural ingredients in these items will improve outcomes and minimize the risk of problems associated with scalps such as inflammation and itching. Organic hair serum products can produce vibrant results like enhanced hair shine, enhanced hair power, and reduced hair loss, expected to deliver significant value sales growth during hair serum market forecast.

Rising Disposable income alongside Advertising campaigns are driving the market for Hair Serums all around the globe.

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Rising disposable income on part of consumers is driving the market for Hair Serums all around the globe. In 2022, global disposable incomes and expenditure per household are both expected to grow by 2.6%. Furthermore, as per industry reports, over half of American population alone uses hair care products every day indicating a dire need to present themselves in a trendy way.  Apart from this, active advertising campaigns by various hair care companies is attracting the younger population.

Companies Covered:

• L’Oreal Paris
• Revlon
• Elizabeth Arden
• Unilever Plc.
• Proctor & Gamble
• Pattern
• John Paul Mitchell Systems
• Henkel
• Veolia

Key Target Audience:

• Females
• Millennials
• Younger Generation
• Individuals with Sensitive Skin

Time Period Captured in the Report:

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

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

Global Hair Serum Market

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Global Oleoresins Market Outlook to 2025

India Untreated Mosquito Nets Market Outlook to 2024

Indonesia Online Loan & Insurance Aggregator market has been growing at a Y-o-Y growth rate of >15%. Will Indonesia Online Loan & Insurance Aggregator market continue this growth trajectory? : Ken Research

 1. Internet Availability and Financial Services in Indonesia

Click to Read Full Article: Indonesia Online Loan and Insurance

Internet user penetration of ~40%, highlighting small internet user base, however, connected ones are highly tech savvy.

With mobile data being extremely cheap (~50% of other ASEAN countries), ~70% of internet users access it via mobile.

Occupying one of world’s largest digital audience of ~150 Mn, spending ~ 3-4 hours on social media every day.

On basis of usage top Social Media Platforms include YouTube (88%), WhatsApp (83%), Facebook (81%), Instagram (80%) & Line (59%).

Majority of population being unbanked, as of 2019 ~40% of population had access to banking services.

Opportunity for e-money brands with major spending on online shopping (84%), buying data vouchers for smart phones (47%), and paying regular bills (28%).

6x growth in number of digital finance apps since 2010, reaching total of 140 apps as of 2019.

2. Growing with 106 Fintech Lending Platforms registered under OJK Indonesia as of April 2019.

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MSMEs have been main pillar behind country’s growth contributing ~60% to GDP (2019), however their development is often hampered with lack of credit opportunities provided by conventional sources

~70% of Indonesian population suffer from Credit Inaccessibility (2018) owing to limited physical outreach (outside Java region). Benefitting from high internet accessibility, fintech lending can be a perfect solution

Leading Banks like Mandiri, BRI, BNI are engaging in partnerships with fintech companies to acquire technological solutions (digital banking, AI & data analytics), e-payment services & reach larger audience.

3. Indonesia Insurance Industry attractive opportunity for investors with low penetration rate & high profitability.

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Insurance Penetration Rate: Indonesia’s insurance market consists of comparatively higher number of policy buyers given its high population.

Bancassurance Leading: According to Indonesia Life Insurance Association (AAJI) Bancassurance continues to be one of the most preferred choices growing at a rate of ~20% (January 2019) owing to the demand from financially literate banked population taking insurance for investment purposes.

Unicorn Partnerships: Leveraging on huge user bases of e commerce platforms & their established payment systems, banks collaborate with them to provide digital pathways to buying traditional solutions. In 2019, Allianz partnered with Bukalapak to provide “touch of a finger” insurance product.

Micro Insurance Products gaining Traction: Providing creative lifestyle focused microinsurance products with smaller premiums & limited coverage scope, these are sold at affordable prices of as low as IDR 10,000. According to OJK, ~22 Mn Micro Insurance policies were sold as of June 2019.

India’s Data Centre & Cloud services Market is expected to grow at a CAGR of 11% by 2024. Will the Projections justify the growth rate? Ken Research

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India’s Data Center & Cloud services Market is expected to grow at a CAGR of 11% by 2024. Will the Projections justify the growth rate? Ken Research

A massive market opportunity of $2000 Mn is present for the Data Center & Cloud service market in India owing to government initiatives, increasing investment & cloud adoption, says a report by Ken Research

1. Government Initiatives to Bridge Gaps in Data Center Industry via heavy investment for development of DC & Cloud Services in India

Click to Read Full Article: India Data Center and Cloud Services Market

The GOI is currently focused on improving the data center & cloud services infrastructure. Agencies such as NITI Aayog have been participating actively & drafting appropriate policies for market development. NITI Aayog has drawn up a plan for creating an institutional framework for artificial intelligence (AI) in the country in the year 2019. It has circulated a cabinet note to provide INR 7,500 Cr in funding for creation of cloud computing platform called AIRAWAT and research institutes. The INR 7,500 Cr investment is for a period of 3 years to boost the research & adoption. Other such initiatives include ‘National Digital Communication Policy’.

2. “Investment scenario getting a boost:’ India Data Center & Cloud services Market is getting massive investment boost & emergence of new startups”

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Various companies operating in the India Data Center & Cloud Services market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Amazon has recently decided to invest $3 Bn to build its second data center region in India. Moreover, Alibaba Cloud is also building its first data center in India. All in all, the market is currently growing at a robust rate with startups & companies showing interest in entering the India market owing to vast opportunities.

3. India is expected to be the hub for data Center market growth in the upcoming years owing to massive investment flow.

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India is witnessing an increased investments from the co-location providers such as CtrlS, Netmagic, Siffy, STT GDC India, Nxtra and Others. The country is to witness a surge in the demand for the data center services owing to the rising data in the country with a higher adoption of digitalization by various industries in next few years. Moreover, the emergence of 5G technology in India is likely to grow the adoption of IoT-enabled products in the Indian market further contributing to the development of data center industry. All in all, a robust growth is expected in the upcoming years.

Netherlands EV Equipment Market generated over USD 500 Mn in 2022. Will Netherland support the EV Equipment Market growth trajectory? Ken Research

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1.  The Netherlands is among the leaders in electric mobility in Europe

Click to know: Trends and Developments in Netherlands Electric Vehicle Equipment Market

The Netherlands is among the leaders in electric mobility in Europe. After Norway, Iceland, and Sweden, the Netherlands has 4th highest electric vehicle share in its passenger car fleet. 8.2 percent of the country's car fleet was electric hybrid in 2021, and 2.8 percent was fully electric.

The Netherlands has one of the lowest numbers of EVs per public EV charge point in the world while having the highest number of public chargers installed per capita and per square Kilometer also the cheapest country to charge an EV in Europe the Netherlands, averaging only €2.74 a charge and just over €1 to drive 100kms.

2. Netherlands international electric transport partnerships

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A joint international research and knowledge exchange of 18 member countries. Its goal is to advance electric transport. Countries collaborate on shared projects to better understand and address EV deployment challenges and provide guidance to policy makers. A partnership between countries, cities/regions, and companies. Its goal is to speed up the shift towards a net-zero emission transport system before 2050. Currently it has 32 members and the Netherlands is an active member of the TDA.

3. Charge Point Operators are responsible for setting up, managing and operating a network of EV charging points for public or private use

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• CPO’s may own the EV chargers or may operate the chargers on behalf of the charge point owners.
• The tasks of a charge point operator can be broken down into two categories:-
  • Operational – purchasing charge stations, installing hardware and maintaining the network connection.
  • Commercial – setting prices for charging infrastructure use and managing the connection to e-mobility service providers.

Major Players Mentioned in the Report:-

Vattenfall

Total Energies

Alfen

Allego

Fastned

New Motion

Tritium

EVIT

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

Electricity Supplier

EV Manufacturers

EV Charging Equipment Manufacturers

EV Charging System Operator

Demand side Transport Operators

Government Bodies

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Period: 2022

Forecast Period: 2022-2027

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

Netherlands EV Charging Equipment Market

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UK EV Charging Equipment Market Outlook to 2027

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KSA EV Charging Equipment Market Outlook to 2027F

Global Fiber Glass Market is expected to reach ~USD 20 Bn by 2028F: Ken Research

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Global Fiber Glass Market By Application

The Global Fiber Glass market is segmented by Application into Composites and Insulation.

The composites segment held the largest market share in the global fiber glass market in 2022, due to the rising automotive and construction industries.

The fiber glass composite materials help make automotive structures lighter in weight and exhibit high strength. With the rising environmental concerns, there is an increasing demand for lightweight composite materials across numerous industries for reducing carbon footprints.

Growing focus on the production of lightweight vehicles is driving the usage of fiberglass composites in the automotive industry.

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Global Fiber Glass Market By Geography

The Global Fiber Glass market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific held the largest market share among all other regions within the global fiber glass market in 2022, due to the growing demand for eco-friendly products that have led to technological advancements to augment the growth of the region.

The Asia Pacific is the largest consumer and producer of fiberglass owing to the presence of rapidly growing economies in the region such as China and India. Factors, such as the rising population, are likely to be the major drivers for the market in this region.

The rising disposable income coupled with the presence of key players in the Asia Pacific is likely to drive the regional market over the forecast period.

Competition Scenario in Global Fiber Glass Market

The Global Fiber Glass Market is highly competitive with ~150 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of Fiber Glass used in various end-user industries.

Country-niche players constitute ~35% of the total number of competitors, while regional players dominate representing ~50% of total competitors. Some of the major players in the market include ASAHI FIBER GLASS Co., Ltd., 3B - the fiberglass company, China Jushi Co., Ltd., Johns Manville, Knauf Insulation, Nippon Electric Glass Co. Ltd., Owens Corning, Saint-Gobain, xingtai jinniu fb glass, Taiwan Glass Industry Corporation, among others.

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What is the Expected Future Outlook for the Overall Global FIBER GLASS Market Across the globe?

The Global Fiber Glass market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. 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 Global Fiber Glass market is driven by the expansion of the construction sector. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Fiber Glass market is changing rapidly. For instance, In January 2022, Therma-Tru, a renowned name in the door industry, announced the launch of its new sustainability-driven social initiative. Therma-Tru is known for its fiberglass door offerings that are made from 95% recycled content, and these sustainable offerings account for nearly half of its total fiberglass product portfolio.

In November 2021, Taishan Fiberglass Inc. invested US$ 250 million in the establishment of a Greenfield fiber manufacturing plant in Gujarat, India. With this plant, the company served the markets of India and the Middle East.

In July 2021, Owens Corning acquired Vliepa GmbH to broaden its non-woven product catalogue aimed to serve the building and construction sector in the European region.

The Global Fiber Glass Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of processes and shut down all the major industries. E-Glass type is the most common type of fiber glass among other types such as S-glass, ECR-glass, H-glass, and AR-glass. Majorly, the fiber glass is used in composites that can further be utilized in various end-use industries such as automotive, building & construction, aerospace & defense, marine, sports & leisure, pipe & tank, and others. Though the market is competitive with over ~150 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of Global Fiber Glass Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Fiber Glass Market
• Historic Growth of Overall Global Fiber Glass Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Fiber Glass Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Fiber Glass Market
• Future Market Forecast and Growth Rates of the Total Global Fiber Glass Market and Segments
• Analysis of Global Fiber Glass Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Asahi Fiber Glass Co., Ltd.
• 3B - the fibreglass company
• China Jushi Co., Ltd.
• Johns Manville
• Knauf Insulation
• Nippon Electric Glass Co.,Ltd.
• Owens Corning
• Saint-Gobain
• xingtai jinniu fb glass
• Taiwan Glass Industry Corporation

Notable Emerging Companies Mentioned in the Report

• Fureho AB
• Spintex Engineering Ltd.
• Darshan Safety Zone
• Fibtex Products
• Smartshield Insulation

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

• Fiber Glass Manufacturers
• Fiber Glass Suppliers
• E-Glass Manufacturers
• ECR-Glass Manufacturers
• H-Glass Manufacturers
• AR-Glass Manufacturers
• S-Glass Manufacturers
• Fiber Glass Distributors
• Emerging and Startup Companies in Fiber Glass
• Government Departments of Polymers
• Ministries and Departments of Plastics
• Importers and Distributors of Fiber Glass

Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Fiber Glass Market

Singapore Logistics Market is currently valued at 25 Bn SGD in 2022. Will Singapore continue this growth trajectory in future? : Ken Research

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1. Growing Demand in Singapore's E-Commerce Sector

Click to know: Major Players in Singapore Logistics Market

The demand in e-commerce sector in Singapore was exponential and the e commerce GMV grew from $2.5 Bn in 2019 to $6.2 Bn in 2022 this paved path for the growth of logistics market. E-commerce companies invested in new technologies and explored new ways to fulfilling the demand in the market.

Shopee was the most frequently visited e-commerce site in the fourth quarter of 2021, according to the Price group, with 16.15 Mn monthly online visitors. Shopee is followed by the Singapore-based online retailers Lazada and Amazon with 9.2 and 5.2 million visitors, respectively.

Singapore, which has a population of 5.87 million people, is a digitally literate nation with an internet penetration rate of 88.9% and a financial inclusion rate of 97.9%. Additionally, according to the Ministry of Trade and Industry, as of 2021, about 52.3% of all Singaporeans had made an online purchase, indicating an increase in the adoption of e-commerce businesses. The business services sector, which made up about 3.6% of all e-commerce trade in 2019, had the smallest share of the market.

2. Government Assistance to the Logistics Sector

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• Singapore’s announced the launch of an S$ 18 Mn Supply Chain 4.0 Initiative in 2021.
• Aims to integrate more technology to assist SMEs.
• Singapore launched the Singapore Trade Data Exchange (SGTraDex) in mid-2021 and facilitates the secure sharing of data between supply chain ecosystem partners through a common data highway.
• The ITM is a government-led initiative aimed at driving the transformation and growth of the logistics and supply chain industry in Singapore.
• The ITM aims to accelerate the adoption of digital technologies, such as automation and artificial intelligence, and to enhance the productivity and competitiveness of the sector.
• The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
• PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries.

Major Players Mentioned in the Report:

• Poh Tiong Choon Logistics Limited
• CWT Pte Ltd.
• CEVA Logistics Singapore Pte Ltd
• Geodis Singapore Pte Ltd1
• DHL Express (Singapore) Pte Ltd
• DSV
• Yusen Logistics (Singapore) Pte Ltd.
• YCH Group Pte Ltd
• Yamato Transport (S) Pte Ltd
• Federal Express (Singapore) Pte Ltd
• ACW Logistics Pte Ltd
• Singapore Post Limited
• Richland Logistics Services Pte Ltd
• Storbest SSHK Cold Logistics
• Global Cold Chain Solutions1
• ST Logistics

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

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

Time Period Captured in the Report:

• Historical Period: 2019-2022
• Base Year: 2022
• Forecast Period: 2022-2028

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

Singapore Logistics Industry

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

India’s water Purifier Market has shown a robust growth rate of 12% since 2017 owing to schemes like JJJ. Will the growth sustain? Ken Research

 Rising urbanization levels & favorable infrastructure is expected to drive the market in the upcoming years growing at a CAGR of 15%, says a report by Ken Research

1. India Water Purifier Market is witnessing government regulations with the aim of increasing clean drinking water accessibility to every household.

Click to Read Full Article: India Water Purifier Market

The GOI, after seeing the need for clean drinking water in every Indian Household has implemented certain schemes to overlook the market growth. For instance, schemes such as The Ministry of Jal Shakti, Govt. of India has implemented National Rural Water Development Program (NRWDP) in order to improve the supply of quality drinking water in different parts of Rural India. Other such schemes include, Jal Jeevan Mission (JJJ) & The government’s rural e-governance initiative — Common Service Centers (CSCs) which will now launch a pilot project to provide clean and safe drinking water in 50 villages, following which it will rope in village-level entrepreneurs (VLEs) to set up water filtration plants in 1 lakh villages in the country.

2. “Investment scenario getting a boost:’ India’s Water Purifier Market is getting massive investment boost & emergence of new startups.

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Various companies operating in the India Water purifier market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Second nature $16 Mn for healthy home subscription products like air & water filter. All in all, the market is currently growing at a robust rate with startups & companies updating their operating policies & services being offered to customers.

3. UAE Car Rental Market to witness a robust growth owing to favorable government policies, rising health consciousness amongst people & rising investment scenario.

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India’s Water Purifier Market is expected to grow at a Robust rate owing to rising health consciousness amongst people, rising urbanization levels & rising investment. As the penetration is increasing the market is becoming attractive for new consumer durable companies for entering the market. Companies such as Blue Star, Havells and others entered the market during the review period. We can see more players entering the market and established players acquiring the small players.

 

Growing Green: Indonesia Government initiatives give an edge to the Agriculture Equipment Market to grow in Indonesia: Ken Research

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Agriculture has been the backbone of Indonesia’s economy and agriculture equipment is one of the important aspects of the farming industry. The agriculture equipment sector is growing at a CAGR of ~9 between 2014 and 2020, as per the Ken Research report. However, the market was impacted by the global pandemic.

Here is a glimpse of the Indonesian agriculture industry and a deep insight into the country’s government schemes to promote the growth of the sector.

1) With ~57 Mn Ha of Agricultural Lands, farming has long been the backbone of Indonesia’s economy

2) Among APEC member economies, Indonesia has relatively high Contribution of Agriculture to its GDP

3) The digital disruption in the agriculture equipment market is opening new opportunities in the country

4) However, the pandemic Impacted the growth of the Indonesia Agriculture Equipment industry; Supply Chain and Farm Operations Disruption were the major impacts of Covid-19

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5) The market soon picked up pace owing to the Rising Population and Government push for Mechanization in the country

6) Government Initiatives, Support Schemes, and After-Sales Support Policies to Drive Market Value and Volume of the Indonesia Agriculture Equipment Market in the Future

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Indonesia Agriculture Equipment Market