India Social E-Commerce Market is anticipated to reach INR 15 Cr by FY’25- Which factors will help the industry attain the set targets?

 Innovations in the product mix with special focus towards sustainability will help in growing the market with a positive CAGR of >30%, says a report by Ken Research

1. Increased Number of Users and Time Spent on Social Media Accounts Amidst Lockdown Led

 to Demand For Social Ecommerce

                            

Recent Developments in Industry due to Growth Driver

 

In the first week of lockdown, Indians spent >4 hours every day on social media that is a 87% increase from a week before lockdown and on an avg 280 mins per day which was 150 mins before the lockdown period. The survey mentioned that 75% people were spending more time on Facebook, Twitter and WhatsApp compared to the week before lockdown and as a result were more proactive on whatsapp groups.

Example: Meesho joined the grocery delivery space to increase the reach of retailers selling essential products and ensure a continuous supply chain, considering it to be a long term growth segment.

2. Growth driving factors such as Internet Connectivity & Digital Adoption is driving demand in market.

                              

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• Being major growth drivers in the country, ~840 Mn people would have access to the internet & about 60% of the Indian population would own smart phones by 2022
• Shifting of preference from Facebook towards other platforms for short form video content, such as YouTube, TikTok & Instagram wherein 92% internet users of age 16-64 watch online videos each month.
• Shifting of preference from Facebook towards other platforms for short form video content, such as YouTube, TikTok & Instagram wherein 92% Internet Users of age 16-64 watch online videos each month.
• Increasing number of people through the most traditional form of advertising e., word of mouth, enabling rising social media interactions on Facebook & WhatsApp.

3. Funding Wave in Indian Social E-Commerce Start-Ups driving demand for market.

                         

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• Facebook made investment of ₹ 176 Cr. in Meesho, the only indian company that has secured no. 14 spot on fast company 2020 global mic list.
• Highest funding raised in August 2019, Meesho raised ₹ 880 Cr in a Series D round from Naspers.
• In Oct 2019, Deal Share raised ₹ 77.44 Cr. from Matrix Partners and Falcon Edge Capital, with participation from Omidyar Network, and DST Global.
• Glow Road in May 2019, the start-up raised USD 11.5 Mn in a Series B round. The investment is raised from Korea Investment Partners & Singapore-based Vertex Ventures wherein it plans to utilise the capital in expanding its seller network and crossing 100K transactions per day.

 

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In South Korea, 2 Mn Digital Locks Were Sold In 2022. Will South Korea Encourage The Market For Digital Locks To Ensure That This Number Keeps Rising In The Future? : Ken Research

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1. High Population Density and Urbanization in South Korea

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There is high demand for digital locks in South Korea due to the country's high population density (516.3) and urbanization (81.4%). Residential apartments in Songdo and Sejong whereas hotels in Seoul and Busan prefer digital locks for convenience and security.

Increasing Urbanization

The increasing urbanization in South Korea is driving the demand for digital locks in residential and commercial properties. The urban population in South Korea is expected to reach 92.0% by 2050, driving the demand for smart home technology and advanced security solutions.

Click to know: Trends and Developments in South Korean Smart Lock Market

2. Rapid Technological Advancement in Smart Lock Industry.

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With the rapid development of new technologies, digital lock manufacturers need to stay up-to-date with the latest trends and incorporate them into their products to remain relevant. Samsung SDS has been incorporating biometric authentication methods – fingerprint, facial and voice recognition, into their digital locks to improve security and convenience for their customers. They have developed mobile apps that allow users to control their locks remotely and receive alerts. Samsung SDS is continuously updating its software to ensure compatibility with the latest devices and operating systems.

Biometric Authentication

• Digital lock manufacturers in South Korea are incorporating biometric authentication methods like fingerprint scanning, and facial recognition into their products.
• Gateman, a South Korean company that specializes in biometric locks. Gateman V20 features fingerprint and password authentication, as well as a tamper alarm and automatic locking.

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

Digital Locks Market South Korea

KSA E-Learning Market is anticipated to grow with a CAGR of 20% by 2025- Which factors will help the industry reach its targeted growth? Ken Research

 The content services segment in Saudi Arabia E-learning market was observed to capture about 60% market share in terms of revenue in the year 2020, says a report by Ken Research

1. Issues and Challenges in Saudi Arabia E-Learning Market

                        

Challenges faced in E-Learning Market

The Expertise in learning tools and the smooth functioning of technologies are the major technical side of the e-learning process. Any disconnection during lectures, browsing, sending and receiving material, caused by technical problems, is a big challenge to e-learning institutions. This disruption forces the user to go back to ‘previous page’, and that may cause data loss.

Creating a course on a digital platform is costly and time-consuming. A typical, well-designed, self-paced course can take up to 160 hours of development time for a one-hour discussion session. The average cost per hour can reach up to USD 160.0 which brings the price of creating one self-paced course to almost USD 26,000. The LMS service also includes the SLA, License cost and other cost which makes it quite expensive.

2. Trends and developments in Saudi Arabia E-Learning Industry- Benefits of LMS.

                       

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There has been a significant growth in the adoption of learning management systems (LMS) in both education and commercial sector of the Kingdom. With the development of e-learning systems, LMS has become a reliable means of teaching and training. Entities offering e-learning services in the country have focused on software application for administration, documentation, tracking, reporting and delivery of educational courses or training programs. LMS is mostly adopted by the higher education universities & multi-national companies operating in Saudi Arabia.

3. Decision making criteria before buying content services in Saudi Arabia.

                                     

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The end users pay high importance while selecting an e-learning company looking at the costing of the courses and the content to be delivered in the courses.

The greater extent of customization leads to the expansion of customer base along with enhancing the experience of the users.

Clientele is another parameter considered by the corporate sector, universities and schools while selecting the content company to build trust on the company and check their credibility.

The preference of the domestic population to read books in Arabic languages makes it crucial for the service provider to offer e-learning services in regional language as well.

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Global Electric Motor Market Size is worth over USD 120 Bn in 2022. Will Global Electric Motor Market follow up on this growth trajectory? : Ken Research

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1. Most Dominant Region for Electric Motors

Trends and Developments in Global Electric Motor Market

Asia-Pacific is the most excellent location for the electric motors industry and is likely to continue its dominance in the next years on account of significant expansion in the industrial sector. The region is experiencing steady growth in sectors like the automotive, chemical, fertiliser, and petrochemical industries, which is anticipated to present enormous growth opportunities for the global electric motor players.

China has played a significant role in advancing the global manufacturing industry. The nation leads the world in the production of steel, chemicals, electricity, and cement. It is also a major participant in the petrochemical and refining sectors. There are a lot of new industrial projects waiting to be added to the nation's portfolio of industries.

Recent mergers and Acquisitions

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In May 2021, MAHLE, the German automotive components maker, released a new magnet-free electric motor for commercial vehicles. The product is very efficient and has numerous other benefits in terms of cost, resource security, and environmental friendliness by eliminating the usage of rare earth elements.

Volkswagen unveiled a fresh plan in March 2022 to build an EV manufacturing facility in Wolfsburg, Germany. The company has taken the investment decision for the plant with the earmarked amount of EUR 2 billion for the project. The building of the facility will commence in 2023, and the estimated completion year is 2026.

Checkout: Major Players in Global Electric Motor Market

3. Soaring oil prices may fuel EV sale

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The oil and gas industry uses electric motors extensively. The demand for electric motors will also increase when the price of crude oil and natural gas rises. For example, the price of a barrel of crude oil increased from USD 66 in December 2021 to about USD 107.5 in May 2021.

The invasion of Ukraine by Russia has also altered Europe's energy future because the EU wants to lessen its reliance on Russian energy, which will result in new oil and gas projects around the world that will directly support the demand for electric motors.

Major Players Mentioned in the Report:

• ABB Ltd.
• AMETEK, Inc.
• Siemens AG
• Toshiba Corp
• Johnson Electric Holdings Ltd.

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

• IT Companies
• Tech Giants
• Government Bodies
• Home Décor Brands
• Retail Chains
• Smart Device Wholesalers
• Investors

Time Period Captured in the Report:

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

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

Global Electric Motor Market

Related Reports by Ken Research: –

Global Used Vehicle Market Outlook to 2027

UK EV Charging Equipment Market Outlook to 2027

Cooperatives as well as Start-ups are Contributing Significantly towards Indonesia’s Dairy Market targeting to cross over 80 Rp Tn by 2025 – Will the market sustain as predicted?

 More than 25,000 dairy farmers across 400 milk cooperatives sell approximately 500,000 liters of fresh cow milk to Nestlé’s factory in Kejayan, East Java, says a report by Ken Research

1. Potential Opportunities in the Dairy Food Market of Indonesia.

Click to Read Full Article: Indonesia Dairy Food Market

Investment in Storage Infrastructure-  Road, Transport and Trade. This is will improve the constraints of the supply Chain. Investment in the cold chain equipments.

Rapid growth of retail sector by increasing restaurants chains; Japanese, Korean, and Western  bakeries, also growing HRI and tourism sectors. Increased numbers of young, urban and educated consumers with rising incomes, are rapidly changing the retail landscape.

Awareness of dairy product health benefits. Advising farmers or cooperatives to sell directly to processor companies. Improve and provoke farmer entrepreneurship. Tailor made practical training and educating on technology advances.

2. What are the few constraints faced by Indonesia’s dairy product market and suggested solutions to overcome them.

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Fragmented milk supply differs the quality of milk.  Lack of logistics infrastructure. Low breeding and genetics potential of animals. Unorganized Market. Seasonality of production and fluctuating supply.

More biotechnology aspects must be inculcated in the production process. The foreign players are investing and improving industry tie–ups for improved Logistic conditions.

Ethical issues regarding animal exploitation are slowly entering the Dairy Market.

Indonesian are switching to Vegan products. Increased awareness amongst Indonesians about Health benefits and substantial substitute.

Making healthy variants, switching to substantial practices and more investments in R&D to fight competitive scenario will solve the problem.

3. Who can be the target end users with need of dairy products in Indonesia.

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• Smaller packaging sizes of Drinking Milk products are popularly consumed within households.
• Demand for milk alternatives remain towards middle and upper middle-class population that are aware of their perceived benefits and can afford them.
• 95% of fresh milk is used by industrial dairy processors for a variety of products, including pasteurized/UHT liquid milk, powdered milk, yoghurt, butter and cheese.
• Majority of Ice Cream and Frozen Desserts consumers belong to the age group of 20 to 35 years of age. Recently launched products include Unilever’s popular Uni Cornetto to attract attention of younger tech-savvy consumers due to various marketing strategies adopted by ice cream brands.
• Restaurants, cafes and other food service joints have generated a higher demand for cheese products rather than retail level sale in supermarkets and hypermarkets
• Companies also target households / housewife’s’ as one of their major end users.

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

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Global Fortified Wine Market By Geography

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

Europe accounted for the largest share of the Global Fortified Wine Market in 2022 and will remain dominant in the forecast period (2022-2028).

The growth is primarily attributed to the fact that Europe is the world's leading producer of wine, with vermouth, the most prominent fortified wine, being produced primarily in Italy, followed by sherry wine in Spain and port wine in Portugal.

The increasing consumption of wine in countries like Germany, France, Italy, Spain, and Portugal is expected to drive the market in this region.

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Competition Scenario In Global Fortified Wine Market

The Global Fortified Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to improve the product taste, texture, and oenological potential of vineyards. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players control about ~55% of the market, while country-niche players hold a share of ~35%. Some of the major players in the market include E.&J. Gallo Winery, Constellation Brands, Inc., Treasury Wine Estates, Trinchero Family Estates, Deutsch Family Wine & Spirits, The Wine Group, Precept Wine, LLC, Backsberg, Grupo Sogevinus Fine Wines, Taylor's Port, and among others.

What is the Expected Future Outlook for the Overall Global Fortified Wine Market Across the globe?

The Global Fortified Wine 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 Fortified Wine market is driven by increasing alcohol socialization among consumers along with the increasing adoption of European culture. 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 Fortified Wine market is changing rapidly. For instance, In April 2021, Constellation Brands launched a dedicated business unit for fine wine and craft spirits which includes the following spirit brands: High West Whiskey, Casa Noble Tequila, Mi Combo, Copper & Kings, Nelson’s Green Brier Distillery, and the Real McCoy.

In January 2021, E&J Gallo announced that it had sold its two key fortified wine brands to Precept Wine, a US-based wine company.

The Global fortified Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of premium alcoholic drinks/beverages, including fortified wine is the rising living standards across countries, along with the increased social engagements, and adoption of western culture. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of the Global Fortified Wine Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Fortified Wine Market
• Historic Growth of the Overall Global Fortified Wine Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Fortified Wine Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Fortified Wine Market
• Future Market Forecast and Growth Rates of the Total Global Fortified Wine Market and by Segments
• Market Size of Product Type, Distribution Channel, and Body Type Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Fortified Wine 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

• E. & J. Gallo Winery
• Constellation Brands, Inc.
• Treasury Wine Estates
• Trinchero Family Estates
• Deutsch Family Wine & Spirits
• The Wine Group
• Precept Wine, LLC
• Backsberg
• Sogevinus Fine Wines
• Taylor's Port

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Notable Emerging Companies Mentioned in the Report

• Bacardi Limited
• McWilliam’s Wines
• Rhys & Rylee LLC
• Campari-Milano N.V.
• F.LLI Gancia & C. SpA Canelli
• Anchor Brewing
• Imbue Curls US.
• Emilio Lustau S.A.

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

• Feedstock Suppliers (Wine Grapes)
• Supplier of Chemical Additives
• Wine Branding and Marketing Companies
• Wine Producing Companies
• Vineyard Management Companies
• National Wine Trade Federation
• Wine International Association (WIA)
• World Wine Trade Group
• Specialty Wine Retailers Association (SWRA)
• National Association of Wine Retailers
• Wine Trade Association
• American Association of Wine Economists
• American Wine Society
• Suppliers of Packaging Materials (Suppliers of Bottles, Corks)
• Food Regulatory Authorities
• Alcoholic Beverages Regulatory Authorities
• Government Ministries and Departments of Alcoholic Beverages
• Investment Banks and PE Firms Focused on Alcoholic Beverages Industry
• Potential Entrants into Alcoholic Beverages Industry

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 Fortified Wine Market

Global Food Grade Lubricants Market is expected to reach ~USD 500 Mn by 2028F: Ken Research

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Global Food Grade Lubricants Market By Geography

The Global Food Grade Lubricants market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe accounted for the largest market share within the global food-grade lubricants market in 2022, owing to the presence of various renowned companies.

According to European Commission, the food and drink industry is the EU’s biggest manufacturing sector in terms of jobs and value-added.  The rising food and drink industry are likely to fuel the demand for food-grade lubricants.

Presence of leading companies operating in adult incontinence products, like Lanxess, Eni, SKF, FUCHS Petrolub SE, and others, will catalyze the expansion of this market.

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Competition Scenario In Global Food Grade Lubricants Market

The global food-grade lubricants market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in manufacturing food-grade lubricants products for various applications. Country-niche players comprise the largest share by competitor type, while large global players comprise about 15% of the competitors by type. Some of the major players in the market include CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66, and others.

What is the Expected Future Outlook for the Overall Global FOOD GRADE LUBRICANTS Market Across the globe?

The Global Food Grade Lubricants market was valued at USD ~million in 2022 and is anticipated to reach USD ~500 Million 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 Food Grade Lubricants market is driven by strict government rules and regulation on mandating the usage of food-grade lubricants. 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 Food Grade Lubricants market is changing rapidly. For instance, In September 2022, Piedmont Lithium announced an investment of US$582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Southeast Tennessee.

In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.

In June 2021, the FUSCH group acquired Gleitmo Technik AB, Sweden to strengthen the specialty lubricating business.

The global food-grade lubricants market witnessed significant growth during the period 2017-2021, owing to the increasing application of food-grade lubricants in the food and beverage industry. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Food Grade Lubricants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Food Grade Lubricants Market
• Historic Growth of the Overall Global Food Grade Lubricants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Food Grade Lubricants Industry
• Overview, Product Type Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Food Grade Lubricants Market
• Future Market Forecast and Growth Rates of the Total Global Food Grade Lubricants Market and by Segments
• Market Size of Type/End-Users Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Food Grade Lubricants Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

• CITGO
• Lanxess
• Exxon Mobil
• Eni
• SKF
• FUCHS PETROLUB SE
• Dow Chemical Company
• Total Energy
• ENEOS Corporation
• Phillips 66

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Notable Emerging Companies Mentioned in the Report

• Cocoon Biotech
• ADBioplastics
• BioMed Element
• XAMPLA
• Cypris Materials

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

• Food-Grade Lubricants Manufacturing Companies
• Food-Grade Lubricants Suppliers
• Food-Grade Lubricants Material Producers
• Potential Investors in Food-Grade Lubricants Companies
• Lubricants Producers
• Edible Oil Manufacturers
• Consulting Companies in the Chemical Market
• Government And Research Organizations Working in the Chemical Industries
• Investment Banks Targeting the Edible Oils Industry
• PE and VC Firms focused on Food Industry
• Investment Banks Targeting Food Industry
• Government Ministries and Departments of Food Industry
• Food Research Institutes

Time Period Captured in the Report

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

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

Global Food Grade Lubricants market

The Plastic Pipes and Fittings Market in Indonesia is around USD 947 Mn in 2018. Will the market continue to grow in the future? : Ken Research

 1. Increasing focus on infrastructural and housing projects in Indonesia

Click to Read Full Article: Indonesia Plastic Pipes and Fittings Market

The growth in the plastic pipes and fittings market of Indonesia is primarily driven by rising investments of the Government, owing to increasing focus on infrastructural and housing projects in the country. Subsequently, the demand for plastic pipes and fittings has experienced an upsurge.

The government spending on infrastructure project in Indonesia increased from IDR 140 Tn in 2012 to IDR 390 Tn in 2017 at the CAGR growth of 22.7% during the period 2012-2017. This indicates the rise in spending by the Government on infrastructural activities in the economy. Whereas, overall government spending in Indonesia increased from IDR 733.2 Tn in 2012 to IDR 1,375.1 Tn in 2018.

2.  Most of the organizations in the Indonesia Plastic Pipes and Fittings Market are majorly dependent on imports for raw materials.

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Most of the organizations in the Indonesia Plastic Pipes and Fittings Market are involved in the central to the downstream stages of manufacturing. They are majorly dependent on imports for raw materials such as PVC resins.

The import value for plastic pipes and fittings stood at USD 135 Million in 2012. The import volume for plastic pipes and fittings increased from 26,326 Tonnes in 2012 to 53,509 Tonnes in 2017.

However, the strong macroeconomic performance of the country and steady foreign investment will help the organizations to improve the technology used in the manufacturing units, thus reducing imports.

Major import destinations for plastic pipes and fittings market include China, Japan and Singapore which contribute to 49.9% by value of the total imports during 2017. Indonesia mainly depends on imports for the raw materials used in manufacturing plastic pipes and fittings. China alone contributes around 21.0% of the imports.

3. Recent Developments in Indonesia Plastic Pipe and Fittings Market.

The company recently launched a new brand pipe Rucika Wavin by combining two product brands, namely Wavin and Rucika.

The company also collaborated with new partners: Ke Kelit from Europe and their products are used for hot water connection systems and Maezawa and Mitsubishi from Japan due to their accessories that are used for PVC fittings. Indonesia Plastic pipes and fittings market is moderately fragmented in nature as out of all the companies operating in the market, six major companies (PT Wahana Duta Jaya Rucika, Vinilon Group, Maspion Kencana, PT Langgeng Makmur Industri Tbk., Unilon and Pralon) constitute a market share of around 61.0% by revenue and 57.5% by production capacity in 2017. Companies in the Indonesia Plastic pipes and fitting market compete on the basis of price, quality, diversification in portfolio, production capacity, and relationship with stakeholders and certifications.

Majority of the companies in this sector are organized and they altogether contribute 70.0% share in the market, whereas remaining share in the market is catered by unorganized players.

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The Indian hospital furniture market is expected to reach $1 Bn by 2026. Will India Hospital Furniture market stand on this projected figure? : Ken Research

 The Indian hospital furniture market is expected to reach $1 Bn by 2026. Will India Hospital Furniture market stand on this projected figure? : Ken Research

1. The demand for electric beds, ICU beds, and pediatric beds is expected to drive the growth of the hospital bed segment

Click to Read Full Article: Trends and Developments in Indian Hospital Furniture Market

ICU Beds Electric is specialized hospital beds, which is designed for ICUs to take care of serious patients. The Head / Foot Boards are provided with safety switch and manually CPR Function. These ICU beds provide safety and comfort, both to the patients as well as medical professional. The operator can customize the height up to 95cm.

Hospital beds have captured major proportion of this industry’s revenue; the primary reason being large number of newly added and replaced manual and motorized beds in both older and newer healthcare facilities (1,370,000 beds in country in 2020 and replacement rate with newly added beds is at a higher positive percentage).

2.Healthcare Professionals Play an Increasingly Important Role in the Selection of Hospital Furniture

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Comfort and Use of Technology

• Tailored Products, 360° Rotational Wheelchairs, Infection Control and Fall Prevention Beds, Floor Locking System for Tables are the latest trends This is highly important while Determining the Choice of Hospital Furniture.

Price: Quality

• While tight budget constraints are one of the major factors in deciding the furniture products.

Distributor Network

• Wide presence of distributors across the country help the big hospital chains to procure furniture products from a single vendor. Hospitals prefer buying from exclusive distributors of a company to save on margins.

Tie-Ups or Major Clients Served

• Weightage given to vendors who are either existing partners of the clients or have history of providing products to major hospitals in India.

Customer Support and After Sale Services

• Hospitals prefer prompt customer support and after sale services from the vendors.

3.Government Schemes & Initiatives for Healthcare Industry in India

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• Government of India announced the creation of 150,000 Health and Wellness Centres (HWCs) by transforming the existing Sub Centres and Primary Health Centers.
• Pradhan Mantri Jan Arogya Yojana (PM-JAY) aims at providing a health cover of ₹ 5 lakhs per family per year for secondary and tertiary care hospitalization to over 74 crores poor and vulnerable families (approximately 50 crore beneficiaries) that form the bottom 40% of the Indian population.
• 100% FDI allowed under automatic route for Greenfield and Brownfield healthcare projects.
• Increase in tax holiday under section 80- IB for private healthcare providers in non-metros for minimum of 50 bedded hospitals.
• Income tax exemption for 15 years for domestically manufactured medical technology products.
• Under the Union Budget 2019-20, the government has allocated ₹ 800 crore
• ($110.9 Mn) for the upgradation of state government medical colleges (PG seats) at the district hospitals and ₹ 1,361 Cr ($188.6 Mn) for government medical colleges (UG seats) and government health institutions.

India’s PVC Emulsion Market has been observed to witness a CAGR of 8% in 2020- Will the 3 factors act as a catalyst for the market in future?

 The increasing number of applications of PVC emulsion in surgical gloves, toys, automotive sealants, coir mats, adhesive tapes and more has given a boost to the PVC emulsion demand in the country, says a report by Ken Research

1. Growth of Real Estate Housing Sector- Trends in India PVC Emulsion Market.

                     

Rising Developments in Global PVC Emulsion Market

Construction activity in the residential and commercial sector has remained one of the largest consumers of PVC emulsion as it is widely used in PVC walls and wall coverings, silk wallpapers, floorings, carpet backings, adhesives & sealants and more. Housing construction projects such as Pradhan Mantri Awas Yojana are stimulating the residential construction activity within the country. Under the Pradhan Mantri Awas Yojana (Urban), the government sanctioned 1.12 Cr. houses in the urban regions in the country. The Smart Cities Program is also driving the demand for PVC emulsion.

2. Increasing usage of PVC in toy manufacturing reflecting huge variety of demand of PVC

                    

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Plasticized PVC emulsions are being increasingly used in the manufacturing of toys such as buckets and spades, rubber rings, building blocks, dolls, balls, squeeze toys, boots, miniatures, clothes and cars as they can be molded into many different shapes and colors. The Indian toy market reached INR 2,750 Cr. in 2017 and accounted for around 0.5% of the world toy market. PVC emulsions can be molded and the flexibility that they provide has been a major reason for their increasing usage in toy manufacturing industry. The rising disposable income of people in metro cities coupled with increasing number of nuclear families is driving the organized toy market in the country.

3. Rising consumption of PVC in artificial leather industry.         

                     

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In the recent years, there has been a rise in the use of PVC emulsion in the manufacturing of imitation leather by coating cotton or other synthetic fabrics. The imitation leathers made using PVC emulsion are also increasingly being used in the making of luggage bags as they provide excellent surface finish and resistance to stains. The synthetic leather market in India stood at INR 55.0 Bn in 2018. This indicates the potential for the increasing demand for artificial leather as well as PVC emulsion in the country.

 

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