Australia Car Finance Market Analysis, Revenue, Outlook to 2028F- Ken Research

 What Is The Size Of Australia Auto Finance Industry?

Australia Auto Finance Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Auto Finance Market is largely driven by with changing consumer preferences and preferred car models offered by companies, consumers are shifting towards car financing models to maintain their financial stability and own a car that can be easily financed over longer- and shorter-term EMI.

Influx of investments in autonomous Autos, as well as prompt financing from dealers, banks, and credit unions, has contributed to the automotive financing market's growth.

Low and competitive interest rates offered by financial institutions incentivize consumers to opt for auto financing.

Affordable interest rates make vehicle ownership more accessible and attractive to a broader customer base, which as led to growth in the market.

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Internet penetration has played the most crucial role in elevating the overall demand for used cars across Europe, which has ultimately elevated the demand for used car financing as well.

Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of new and used cars in Australia. Technological advancement, need of owning a personal Auto and the need to upgrade to newer models are major growth drivers for Australia's Car Finance Market

Australia Auto Finance Market By New And Used Car

The Australia Auto Finance market is segmented By New and Used Vehicles.

The Auto Finance Market in Australia is segmented into New and Used Auto finance with New Auto finance holding a majority share of the total Credit Disbursed in the market in 2022.

The major drivers behind the growth include the rising sales of new and used vehicles as well as the rising prices of retail models in the market.

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Australia Auto Finance Market By Type Of Auto

The Australia Auto Finance Market is segmented By Type of Auto into Passenger Cars and Commercial Auto.

The Passenger segment dominate the market in 2022. With changing passenger Auto landscape in Australia.

In August 2022 Bank Australia shall stop giving the loans for IC engine model cars from 2025. The banks in Australia will only finance the hybrid and electric Autos in order to take the country towards green economy.

Considering these factors and developments, demand for passenger sales financing is expected to witness high growth rate during the forecast period.

Australia Auto Finance Market By Lender Category

The Australia Auto Finance market is segmented By Lender Category into Universal and Commercial Banks, Captives and BHPH, NBFCs.

Universal and Commercial Banks have a strong presence in the financial sector, offering a wide range of financial services, including auto financing making it the dominant segment in 2022.

They possess substantial resources, established customer bases, and extensive branch networks, enabling them to provide competitive interest rates, flexible loan terms, and comprehensive customer support.

Their credibility, regulatory compliance, and ability to leverage existing customer relationships give them an advantage in capturing a significant market share.

Australia Auto Finance Market By Loan Tenure

The Australia Auto Finance market is segmented By Loan Tenure into 12-24 Months, 25-48 Months and 49-60 Months.

loan tenure is likely to be the 49-60 Months segment in 2022. This is because it offers a balanced combination of affordability and flexibility for borrowers.

The longer tenure allows for lower monthly payments, making it more manageable for customers. Additionally, it provides a reasonable timeframe for borrowers to pay off their auto loans without significantly stretching their budgets.

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Competition Scenario In Australia Auto Finance Market

The Australia car finance market is highly competitive, with various financial institutions vying for market share.

Universal and commercial banks, captives, and non-banking financial companies (NBFCs) are key players offering diverse financing options. Interest rates, loan terms, and customer service are critical factors differentiating competitors.

The market is evolving with the advent of digital technologies, enabling streamlined online processes and enhanced customer experiences. With increasing consumer demand for flexible and affordable car financing, lenders are adapting their strategies to offer competitive rates, personalized solutions, an convenient digital platforms to stay ahead in the competitive landscape.

What Is The Expected Future Outlook For The Overall Australia Auto Finance Market Across The Australia?

The Australia Auto Finance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. 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 Australia Auto Finance market is driven by economic conditions, technology advancements, consumer preferences, regulations, digital transformation, and environmental considerations.

Major players account for a considerable percentage of online sales in the region and actively participate in providing easy loans and reducing customer hassle to gain more market share in future. Car finance loans are continuing to rise in Australia post covid. Moreover, this has triggered the demand for financing a car based on down payments and paying rest amounts in the form of monthly EMI.

The expanding practices of upgrading to newer automotive models, will improves Auto sales and consumer demand for a shorter Auto cycle, presents opportunities for car financiers. Car dealership buyback schemes and OEM warranty plans that need refinancing will almost certainly provide new opportunities in the automotive financing business.

The digital revolution is reshaping the auto finance landscape. Advancements in technology, such as online loan applications, digital documentation processes, and automated underwriting, are streamlining the financing process and enhancing customer experience. Embracing digital transformation and leveraging data analytics can provide a competitive edge to auto finance companies.

Increasing environmental consciousness and sustainability concerns are influencing the auto industry. The demand for eco-friendly vehicles and initiatives promoting green practices can drive the development of specialized financing options for environmentally-friendly vehicles, creating new opportunities within the auto finance market.

Furthermore, the automotive industry is undergoing rapid technological advancements, including electric vehicles, autonomous driving, and connected car technologies. These innovations are reshaping the market and creating new opportunities for auto finance providers. The increasing popularity of electric vehicles, for example, may lead to specialized financing options to cater to the unique needs of this segment.

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Australia Car Finance Market Outlook to 2028F

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Philippines Auto Finance Market Outlook to 2027

Thailand Auto Finance Market Outlook to 2026F

UAE Auto Finance Market Outlook to 2026F

Will Automation Revolutionize The KSA Warehousing Market And Ignite Unprecedented Growth? : Ken Research

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Automation. As the demand for Food and Beverage (F&B) and Pharmaceuticals continues to soar, the need for efficient cold storage services has propelled the warehousing sector into an emerging phase. However, challenges such as labor availability and inadequate infrastructure have limited its growth potential. That's where automation steps in. By streamlining operations, optimizing resource allocation, and maximizing efficiency, automation solutions hold the key to unlocking sustained growth and success in this industry. Want to discover how automation can revolutionize the Saudi Arabia Warehousing industry? Read the complete story to uncover the transformative power of automation. Take action now and pave the way for a prosperous future.

1. Saudi Arabia is emerging as a logistics hub due to its proximity to 3 major regions having a competitive cost advantage due to its favorable geographical location

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2. Presently the Saudi Arabia Warehousing industry is in an emerging phase owing to the High demand for F&B and Pharmaceuticals increasing demand for cold storage services

3. Increasing Automation, Rising Cold Storage Demand, and Increasing Multi-storey Warehouses are some of the recent trends and development in the Industry

4. Besides it, lack of Labor availability and inadequate infrastructure in the country are some of the challenges of the warehousing market that limits the growth of the sector

5. But increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in Saudi Arabia and will shape the future of the industry

Some of the Intelligence Curated by Ken Research in Warehousing Market Space:

1. UAE Logistics Market Outlook to 2026 Driven by rapidly growing E-Commerce industry, various infrastructure development initiatives, & its strategic location.
2. Global Industrial Packaging Market Outlook to 2027 Segmented by product type (Drums, IBCs, Sacks, Crates, Pails, Corrugated boxes, Others), kind of material (Plastic, Wood, Metal, Paperboard, Others), End User (Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa, South America)
3. KSA Warehousing Market Outlook to 2027 Driven by increasing government efforts in line with Saudi Vision 2030 and rising demand for automated and mechanized warehouses
4. Indonesia Logistics Market Outlook to 2027 driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.
5. KSA Logistics Market Outlook to 2026 driven by infrastructural enhancement, administration & regulatory reforms, privatization of logistics sector

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KSA Warehousing Market

India Education Industry Size, Growth, Trends- Ken Research

 What Is The Size Of India Education Industry?

India Education Industry is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Mn by 2027F.

The Education Industry is largely driven by rising population, government initiatives, increasing literacy rates, growing middle-class population and technological advancements.

India has a large and young population, with a significant portion in the age group that requires education. According to the Ministry of Statistics, the population of India has reached 1.39 million by 2022, providing a vast market for education services.

With the rising population, the middle-class population in India is also expanding, driven by economic growth and rising disposable incomes. According to the World Economic Forum, India's middle class is expected to reach 547 million people by 2025. This demographic segment values education and is willing to invest in quality education for their children, driving the growth of the education industry.

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Furthermore, the government of India has launched several initiatives to promote education, including the Sarva Shiksha Abhiyan (SSA) and the Rashtriya Madhyamik Shiksha Abhiyan (RMSA). Additionally, the National Education Policy 2020 aims to revamp the education system, promote quality education, and enhance access to education across the country.

The proliferation of technology and digital tools has revolutionized the education industry in India. E-learning platforms, online courses, and virtual classrooms have gained popularity, especially during the COVID-19 pandemic.

India Education Industry By Preschool Market

The preschool market in India is a growing and competitive segment within the education industry.

With increasing awareness about the importance of early childhood education, parents are actively seeking quality preschools for their children.

The market is characterized by a mix of organized chains, standalone preschools, and franchise models. Established preschool brands compete on factors such as curriculum, teaching methodologies, infrastructure, teacher-student ratio, safety measures, and extracurricular activities.

Additionally, factors like brand reputation, word-of-mouth referrals, and proximity to residential areas also impact the competition.

The market is witnessing innovation with the integration of technology in early childhood education, offering interactive learning experiences.

Overall, the preschool market in India is competitive, and players strive to provide a nurturing and stimulating learning environment for young children.

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India Education Industry By K12 Schools

The K-12 schools’ market in India is a significant and rapidly growing sector within the education industry. With a large population and increasing emphasis on education, the demand for quality K-12 schools is on the rise. The market is highly competitive and diverse, consisting of a mix of government schools, private schools, international schools, and specialized schools.

Competition in the K-12 schools’ market is driven by various factors such as academic performance, infrastructure, faculty quality, extracurricular activities, sports facilities, and co-curricular programs.

Parents and students have become more discerning in their school choices, considering factors such as accreditation, affiliations, board of education, alumni network, and overall reputation. Schools that excel in academic results, cultural activities, sports achievements, and placements in higher education institutions often gain a competitive advantage.

Moreover, affordability, fee structures, scholarships, and financial aid programs also influence the competition within the market.

India Education Industry By Ies

The non-formal IES (Informal Education System) market in India refers to the sector that provides education and skill development outside the formal schooling system. It encompasses a wide range of non-formal education and training programs that cater to diverse needs and target groups.

This market is characterized by a variety of players, including vocational training institutes, coaching centers, skill development organizations, distance learning providers, online platforms, and community-based learning initiatives.

Competition within the non-formal IES market is influenced by factors such as program quality, course content, faculty expertise, delivery modes, affordability, and industry relevance. Providers strive to offer programs that meet the demands of learners seeking alternative education options, career advancement, skill enhancement, and personal development.

Additionally, the growing popularity of online learning platforms has brought a new dimension to the non-formal IES market. E-learning platforms offer flexibility, convenience, and access to a wide range of courses, thereby intensifying competition in the digital education space.

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India Education Industry By Corporate Training

The corporate training market in India is a growing and dynamic sector that caters to the learning and development needs of organizations and their employees. With the rapid pace of technological advancements, changing business landscapes, and the need to upskill and reskill the workforce, corporate training has become essential for organizations to stay competitive.

Competition within the corporate training market is driven by factors such as training program quality, content relevance, trainer expertise, delivery modes, customization options, and cost-effectiveness. Training providers strive to offer comprehensive and tailored solutions that address specific industry requirements and skill gaps.

There is a wide range of players in the market, including specialized training companies, consulting firms, universities and educational institutions, online learning platforms, and in-house training departments of large organizations.

Government initiatives, such as the Skill India campaign and the National Skill Development Corporation (NSDC), have further fueled the competition by encouraging skill development and promoting training programs across various sectors.

Competition Scenario In India Education Industry

The competition scenario in the India education industry is characterized by a diverse and dynamic market. There is intense competition among education institutions, online platforms, vocational training providers, and edtech startups.

Several factors contribute to the competitive landscape, including the quality of education, curriculum offerings, infrastructure, affordability, and reputation. Institutions strive to attract students by providing innovative teaching methodologies, industry collaborations, research opportunities, and strong alumni networks.

With the rise of online education platforms, there is increased competition in the digital learning space, offering convenient and accessible educational resources. Additionally, government policies and regulations play a role in shaping the competitive environment.

Overall, the market is witnessing a constant evolution with players striving to differentiate themselves and meet the evolving needs of students in the digital age.

What Is The Expected Future Outlook For The Overall India Education Industry?

The India Education Industry was valued at USD ~Million in 2022 and is anticipated to reach USD ~Million 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 India Education Industry is driven by rising population, government initiatives, increasing literacy rates, growing middle-class population and technological advancements.

India has one of the youngest populations globally, with approximately 600 million people under 25 years of age as of 2023. This demographic accounts for nearly half of India's total population, creating a vast demand for education services in the future.

The literacy rate in India has seen a steady rise over the years, reaching around 77.7% in 2021. The government's emphasis on achieving higher literacy rates is a major driver of growth for the education industry.

The government of India allocated around 4.6% of its total GDP towards education in the fiscal year 2023-24. This increased government spending on education opens up opportunities for the growth of the education sector.

With over 750 million internet users and 560 million smartphone users as of 2023, the shift towards online education is significant. The rise in edtech companies will revolutionize the traditional education system and broadening the reach of education services.

The average annual household income in India is projected to get doubled by 2023. With increasing disposable income, families are likely to invest more in quality education, thereby fueling the growth of the education industry.

India's rapidly growing industries such as IT, manufacturing, and services require a skilled workforce. The need for vocational and skill-based training is expanding, contributing to the education industry's growth. For instance, the IT industry in India, which employs over 4.5 million people as of 2023, requires constant upskilling and reskilling. This requirement can become a major growth driver for the market in future.

Indian students constitute a significant proportion of international students globally. In 2022, over 350,000 Indian students studied abroad. This trend indicates a high demand for quality education and competitive programs, driving institutions in India to improve their offerings. These factors are likely to contribute to the growth of the education market in India.

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India Education Industry Demand and Opportunities

Related Reports By Ken Research:-

India Executive Education Market Outlook to FY’2027

Global E-learning Market Outlook to 2027

Lubricating the Future: Collaborative Standards and Advocacy in the UK Lubricants Industry: Ken Research

 Story Outline

• The Role of UKLA and UKPIA
• ACEA, SAE, and API: Trustworthy Quality Standards Empowering End-Users of Lubricants.
• According to Ken Research, The UK lubricant market has experienced remarkable growth and progress in recent years, driven by effective collaboration between regulatory bodies and trade associations such as UKLA and UKPIA. These partnerships enable the industry to advocate for its interests and represent the UK on both domestic and international platforms. Furthermore, the establishment of trustworthy quality standards by organizations like ACEA, SAE, and API empowers end-users by providing clear indicators of lubricant performance. These standards ensure that consumers can make informed choices and enhance the overall reliability and efficiency of the UK lubricants industry.

The UK lubricant market has witnessed significant growth and advancements in recent years. Two key aspects that contribute to the industry's success: collaboration between regulatory bodies and trade associations, and the establishment of trustworthy quality standards. These factors play a vital role in ensuring the progress and reliability of the UK lubricants industry.

1. UKLA and UKPIA: Collaborating with Regulatory Bodies for the Advancement of the UK Lubricants Industry.

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• UKLA serves as the advocate for the lubricants industry in the UK, effectively representing the interests of member companies on both domestic and international platforms. Collaborating with trade associations like UEIL, ORA, and UKPIA, UKLA acts as the UK delegation of UEIL.
• United Kingdom Industry Association: A Collective Platform for Companies Engaged in Refining, Renewable Fuel Production, Terminal Operations, and Filling Stations. Forging Strong Partnerships with BEIS, Department of Transport, DEFRA, and Various Stakeholder Bodies.

2. ACEA, SAE, and API: Trustworthy Quality Standards Empowering End-Users of Lubricants.

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The UK lubricant market has thrived due to collaborative efforts between trade associations, regulatory bodies, and the establishment of trustworthy quality standards. The partnership between UKLA, UKPIA, and regulatory bodies fosters industry growth, innovation, and environmental considerations. Additionally, the ACEA, SAE, and API oil standards empower end-users by providing quality indicators and ensuring optimal lubricant performance. These advancements collectively contribute to the success and reliability of the UK lubricants industry.

Netherlands faces fuel crisis as cut off from Russian crude oil, losing 30% of imports. Can other sources meet total demand? : Ken Research

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 Storyline

1. Netherlands imports $86.7M in fuel/lubricant pumps, becoming the top global importer. Primary sources: UK, Germany, Slovakia, Italy, and the US.
2. Russian crude oil ban disrupts Dutch refineries, potentially reducing production. Refineries seek alternative crude sources and process adjustments.
3. Dutch heating oil prices volatile from 2000-2021. Record low of 564.2 euros/1000 liters in 2000, peaking at 1,168.6 euros/1000 liters in 2021 due to Russian-Ukraine conflict.

Introduction

The ban on importing Russian crude oil took effect on 5 December 2022, followed by a ban on importing Russian petroleum products such as diesel and Kerosene on 5 February 2023. Since December 2022, Russian crude oil has stopped entering the Netherlands, having accounted for 30% of crude oil imports in 2022 as a whole.

1.Diversification of Lubricant Oil Sources

In 2021, Netherlands imported $86.7M in Pumps dispensing fuel, lubricants in filling stations, becoming the 1st largest importer of Pumps dispensing fuel, lubricants in filling stations in the world.

 

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In 2021, Netherlands imported $86.7M in Pumps dispensing fuel, lubricants in filling stations, becoming the 1st largest importer of Pumps dispensing fuel, lubricants in filling stations in the world. At the same year, Pumps dispensing fuel, lubricants in filling stations was the 1092nd most imported product in Netherlands. Netherlands imports Pumps dispensing fuel, lubricants in filling stations primarily from: United Kingdom ($70.9M), Germany ($7.6M), Slovakia ($1.66M), Italy ($1.28M), and United States ($1M).

2."Refinery Rumble: How the Russian Crude Oil Ban Impacts Netherlands' Refineries"

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The Netherlands is home to several large oil refineries that process imported crude oil. The absence of Russian crude oil can affect the operations of these refineries, potentially leading to reduced production or operational adjustments. Refineries may need to adapt by sourcing different crude oil grades or making changes to their refining processes.

3.Heating Oil in the Crossfire: Russian-Ukraine Conflict Sparks Price Surge in heating oil and Market Turbulence in Netherlands

In 2021, the average price for heating oil reached 1,168.6 euros per thousand liters in the Netherlands. In the period of consideration, the average prices for heating oil in the Netherlands in euros per thousand liters were somewhat volatile from 2000 to 2021. The price peaked in 2021, and reached the record low of 564.2 euros per thousand liters in 2000.

India 2W MBO Market is expected to grow 11% CAGR owing to the rise in the sales of E2W, high traction from luxury motorbike segment and digitalization of the on-boarding process: Ken Research

 The India 2W MBO Market is highly fragmented major with players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. Some of the major players in the market include Bajaj, Suzuki, Honda, Ather, Mahindra, hero, Speed Force, AutoevMart among others.

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• As per ICRA, the electric two-wheeler sector is expected to grow by 8-10% per annum.
• Many superbike clubs have sprung up in the past few years.
• As per expert projections, by 2023, the luxury bike segment may grow up to $161 Mn in India.
• To capture the rural market players are trying to include Digi locker based on boarding process in the rural areas.
• This will simplify the process and help in seamless and time efficient connection. 

Government Subsidies: In order to boost EV manufacturing, the DHI recently increased the subsidies for E2Ws from Rs 10,000 per kWh to Rs 15,000 per kWh - a 50% increase. Only e-scooters with an avg. speed of 40 kmph and a range equal to or greater than 80 km qualify for the FAME II EV subsidy scheme.

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Future of EV in India: The E2W Market is expected to grow at double digit CAGR (2021-2027). EV adoption in India over the next five years is going to be essentially driven by two-wheelers and three-wheelers. The e-2Wmarket in India is developing on account of increased government policies supporting battery-powered vehicles, the growing cognizance toward the environment, snowballing petrol prices, and strict emission norms.

Finance Engagement Model: Banks mostly provide loans to an MBO via authorized dealer. Invoice is generated by the authorized dealer. NBFCs mostly directly partners with the MBO. Basic documentation is completed by a MBO executive. Both the party’s partner with a DSA to receive loan enquiries in most cases. DSA Codes are generated to give payouts to the MBOs. Organized Financers dealing with the MBOs directly are mostly unregistered MBOs.

Analystas at Ken Research in their latest publication “India Two Wheelers MBO Market Outlook to 2027F- Driven by EV sales penetration and high demand from semi-urban as well as rural areas is driving the sales from MBOs of two wheelers” by Ken Research observed that 2W MBO market is an emergent vehicle market in India at a rebounding stage from the economic crisis after pandemic but has shown growth after covid. The rising government policies and the hard push given by the EV foreign brands and increase in loan requirement is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~10% CAGR during 2023-2027F owing to high penetration E2W with multiple players.

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Key Segments Covered in the report

India 2W MBO Market 

By Type of Vehicle (By Basis of Volume) FY’2022 and FY’2027F

• Motorcycle
• Scooter 

By Type of Bike (By Basis of Volume) FY’2022 and FY’2027F

• Commuter
• Sports
• Scooter

By Organized and Unorganized (By Basis of Volume) FY’2022 and FY’2027F

By Region (By Basis of Volume) FY’2022 and FY’2027F

• North
• South
• East
• West

 By Brand (By Basis of Volume) FY’2022 and FY’2027F

• Honda
• TVS Motor Company
• Bajaj
• Hero MotoCorp

 By Engine Capacity (By Basis of Volume) FY’2022 and FY’2027F

• 100-110CC
• 125CC-135CC
• 150CC-200CC
• others

 By 2W Specification (By Basis of Volume) FY’2022 and FY’2027F

• ICE 2W
• EV 2W

By Financing & Non-Financing (By Basis of Volume) FY’2022 and FY’2027F

• Financing
• Non-Financing

By Gender

• Male
• Female

 Key Target Audience: 

• Two-Wheeler OEM’s
• Two-Wheeler Dealers
• Online Portals (Aggregators/Marketplace Platform)
• Online Classified Platforms
• E-Commerce & Hyperlocal Companies
• Private Equity Investors
• 2W Manufacturers

Time Period Captured in the Report:

Historical Period: 2016-2022P

• Base Period: 2022P
• Forecast Period: 2023F-2027F

 Companies Covered:

• AutoEV Mart by Greaves (Cotton Greaves Ltd)
• BikeWo Mobility Pvt Ltd
• Blive (Arcis Clean Energy Pvt. Ltd.)
• Eco EVOLS Private Limited
• FAE Bikes
• M2Go Electric Vehicle Pvt Ltd
• Mad About Wheels Pvt Ltd
• Moto Vault
• Motoroyale India Pvt Ltd
• Hero
• Honda
• Suzuki
• City Motors
• Bajaj

Key Topics Covered in the Report

• India 2W MBO Market Introduction
• India 2W MBO Market Size, 2017-2022
• India 2W MBO Market Segmentation, 2022
• Growth Driver and Issues in India 2W MBO Market
• SWOT Analysis and Trends in India 2W MBO Market
• Snapshot of EV Penetration in India 2W MBO Market, 2022
• Company Profiles of Major Players
• Future Outlook to India 2W MBO Market
• Analyst Recommendations

Vietnam's Collaborative Leap: Joining Forces with Pfizer, a Leading US Vaccine Developer: Ken Research

 Vietnam Aims for Collaborative Partnership with Pfizer Inc. to Enhance Medicine and Vaccine Supply, and Encourage Investment in Drug Production and Medical Biological Products

Storyline

• Vietnam's economic progress attracts Pfizer, leading to a partnership with Medochemie in the country's growing market.
• Pfizer shares advanced technology with Medochemie, enabling the production of around a dozen Pfizer medications, including sterile injectables.
• Medochemie, a Cyprus-based pharmaceutical company with established manufacturing sites in Vietnam, collaborates with Pfizer to tap into the country's expanding market.
• Through the alliance, Medochemie gains the capability to manufacture Pfizer medications, including sterile injectables, leveraging Vietnam's economic transformation.

Vietnam wishes to cooperate with Pfizer Inc., one of the world’s leading pharmaceutical and biotechnology companies, in medicine and vaccine supply, and hops it will invest in production of drugs, vaccines and medical biological products in the Southeast Asian nation in the near future, Deputy Minister of Health Do Xuan has said.

Introduction

Vietnam, a country that has made significant strides in its economic development, is now aiming for a collaborative partnership with Pfizer Inc., a renowned global pharmaceutical and biotechnology company. The objective is to enhance the supply of medicines and vaccines while encouraging Pfizer to invest in the production of drugs, vaccines, and medical biological products within the Southeast Asian nation.

1. Pfizer Teams Up with Medochemie to Expand Drug Manufacturing in Thriving Vietnamese Market.

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Medochemie, located in Cyprus, has three production locations in Vietnam and is acquiring Pfizer technology that will allow it to manufacture approximately a dozen Pfizer medications, including sterile injectables.

Vietnam's economy has progressed from one of the world’s lowest to one that is comfortably middle-income. Pfizer has taken notice and forged a collaboration to produce several of its products in the fast expanding Asian market.

The firm has reached an agreement with Medochemie, a Cyprus-based pharmaceutical company with three manufacturing facilities in Vietnam. Pfizer will transfer technology to Medochemie that will allow it to produce 11 Pfizer pharmaceuticals, including four sterile injectables and seven tablets.

Medochemie operates three factories in Vietnam:

• one for tablets and capsules,
• another for gels and creams,
• And a third for sterile injectables.

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Pfizer did not disclose the amount of money that will be invested in the business, but the Vietnam Economic Times claims that Medochemie has committed $100 Mn in Vietnam to grow its locations. They have a total area of around 63,500 square metres and manufacture approximately 100 pharmaceuticals in the nation.

2. Pfizer Joins the Race, Enters the Country Following Competitors.

• In 2016, Sanofi struck a deal with VinaPharm to invest $75 Mn in a Sanofi manufacturing facility in Ho Chi Minh City to make prescription, generic and over-the-counter drugs.
• The same year, Japan's Taisho paid $97 Mn for a minority stake in Vietnamese firm DHG Pharma.
• Abbott bought Vietnamese manufacturer Glommed for an undisclosed sum, adding two local manufacturing facilities.

According to Ken Research: As Vietnam continues to attract foreign investments in its pharmaceutical industry, Pfizer's collaboration with Medochemie marks another significant milestone. With a focus on expanding medicine and vaccine supply, as well as promoting local drug production and medical biological products, Vietnam demonstrates its commitment to advancing healthcare capabilities. The partnership between Pfizer and Medochemie aligns with the country's vision of becoming a thriving hub for pharmaceutical innovation and accessibility in the Southeast Asian region.

Indonesia Cybersecurity Market Size & Share Analysis: Ken Research

 Indonesia Cybersecurity Market Size & Share Analysis: Ken Research

What is the Size of Indonesia Cybersecurity Industry?

Indonesia Cybersecurity market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027F.

The Indonesia Cybersecurity Market is largely driven by high internet penetration, adoption of advance technologies, favorable government initiatives, emergence of new players and influx of foreign investments.

As Indonesia continues to experience rapid digital transformation, the number of connected devices, networks, and online services is increasing, providing more opportunities for cyber criminals to target vulnerable systems through different ways like ransomware attacks, phishing attacks, malware attacks etc. These cyber threats pose a significant risk to businesses and organizations in Indonesia, making it necessary for them to invest in cybersecurity solutions to protect their digital assets.

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Furthermore, with the increasing number of cyber threats and data breaches, individual and organization are becoming more aware of the importance of protecting their digital assets and data. The Indonesian government has also taken initiatives to raise public awareness like “Cybersecurity Awareness Program” (CAP). This program aims to educate citizen, businesses and government agencies some measures they can take to protect themselves from cyber-attack. The cybersecurity industry also regularly hosts events and conference to discuss latest trends and threat in field.

Indonesia Cybersecurity MARKET By Component

The Indonesia Cybersecurity market is segmented by Component into Hardware, Software and Services.

Service is the dominant segment in the Indonesia cybersecurity market in 2022.

Services play a crucial role in addressing the complex and evolving cybersecurity landscape by providing specialized expertise, consulting, implementation, and managed security services. With the increasing sophistication of cyber threats and the need for proactive defense strategies, organizations in Indonesia are expected to rely heavily on cybersecurity service providers to safeguard their digital assets.

Indonesia Cybersecurity MARKET By Security

The Indonesia Cybersecurity Market is segmented by Security into Network Security, Endpoint Security, Application Security, Cloud Security and Others.

Network security is the dominant segment in the Indonesia cybersecurity market in 2022.

As network security is essential for protecting the connectivity and infrastructure of organizations, ensuring secure data transmission, and defending against network-based attacks. As cyber threats continue to increase in complexity and scale, the need for robust network security solutions becomes paramount. With Indonesia's growing digital landscape and reliance on interconnected systems, network security is expected to be the dominant segment in the future as well due to its critical role in safeguarding the overall cybersecurity posture of organizations in the country.

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Indonesia Cybersecurity Market By Deployment Type

The Indonesia Cybersecurity market is segmented by Deployment type into On-Premise and Cloud.

The Cloud deployment type is the dominant segment in the Indonesia cybersecurity market in 2022.

Cloud deployment offers several advantages, such as scalability, cost-effectiveness, and flexibility, making it increasingly popular among organizations in Indonesia. Cloud-based cybersecurity solutions allow businesses to leverage advanced security technologies without the need for extensive infrastructure investment or maintenance. Additionally, the ability to access security services remotely and the seamless integration with cloud-based applications are driving the adoption of cloud deployment in the cybersecurity market.

Indonesia Cybersecurity Market By Organization Size

The Indonesia Cybersecurity market is segmented by Organization Size into Medium & Small Enterprises and Large enterprises.

Large enterprises are the dominant segment in the market in 2022.

Large enterprises typically have more resources, sensitive data, and a higher risk profile, making them prioritize cybersecurity investments. They have the financial capability to implement robust cybersecurity solutions, hire dedicated cybersecurity teams, and comply with regulatory requirements. Moreover, large enterprises often face more targeted and sophisticated cyber threats. Due to these factors, the large enterprises is expected to be the dominant segment in the future as well.

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Indonesia Cybersecurity Market By Industry

The Indonesia Cybersecurity market is segmented by Industry into BFSI, Government Sector, IT, Telecom, E-Commerce, Healthcare, Retail and others.

The BFSI is the dominant segment in the Indonesia cybersecurity market followed by Governments in 2022.

The BFSI sector handles a vast number of financial transactions, customer information, and sensitive data, making it a prime target for cyberattacks. The industry's high-value assets and the potential impact of breaches drive the need for robust cybersecurity measures. Similarly, the Government sector manages critical infrastructure, sensitive government data, and provides essential services to citizens. The sector's significance and the potential consequences of cyber incidents make it imperative to invest in strong cybersecurity defenses.

Competition Scenario in Indonesia Cybersecurity Market

Indonesia Cyber Security Market is at growing stage and has moderately fragmented market. The increasing digitization of the Indonesian economy and the growing awareness of the need for cybersecurity measures has driven the demand for cybersecurity solutions in the country. While there are several major players operating in the market, such as Kaspersky lab, Symantec and McAfee, there are also many smaller companies offering specialized cybersecurity solutions such as Telkomsel, telekomunikasi Indonesia and XL Axiata.

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

The Indonesia Cybersecurity market was valued at USD ~billion in 2022 and is anticipated to reach USD ~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 Cybersecurity market is driven by high internet penetration in the country, adoption of advance technologies, favorable government initiatives, emergence of new players and influx of foreign investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Indonesia has seen an increase in foreign investment in its cybersecurity market mainly because of growing demand for cybersecurity solutions, increasing internet penetration and growth of digital economy. For instance, global cybersecurity companies like Symantec, Kaspersky, and McAfee have all established a presence in Indonesia, either through direct investment or partnerships with local companies. Furthermore, there is an increase in venture capital (VC) investments in Indonesian cybersecurity startups. This has also helped these startups to grow and develop innovative cybersecurity solutions that can compete with established international companies.

Indonesia has an estimated 140 million internet users, making it the fourth-largest internet market in the world, with millions of people coming online each year, more businesses in Indonesia are adopting digital technologies as the need for better cybersecurity measures has grown. This has created new opportunities for the growth of the cybersecurity market in Indonesia, as businesses and individuals seek to protect their digital assets and sensitive information from cyber threats. The increasing internet penetration has also created new market segments for cybersecurity solutions and services, such as cloud security and mobile security. Thus, the increasing internet penetration in Indonesia has driven growth in the country's cybersecurity market.

Furthermore, the Indonesian Cybersecurity market is expected to continue to grow in the coming years. The increasing digitization of the economy, the growing awareness for cybersecurity and the increasing number of cyber-attacks, are expected to drive the demand for cybersecurity solutions. Additionally, with the growing of e-commerce market in Indonesia, there will be a growing need for secure payments system and protection against cyber threats. As a result, there will likely be significant opportunities for investment in the Indonesian cybersecurity market in the coming years.

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Indonesia Cyber Security Market Outlook to 2027F

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Revving Up Indonesia's P2P Lending Market: 3 Catalyst Driving the Indonesia's P2P Lending Market: Ken Research

 Indonesia has witnessed a rapid increase in internet and smartphone usage, leading to greater accessibility and creating a conducive environment for P2P lending platforms to reach a large customer base.

Introduction

The peer-to-peer (P2P) lending market in Indonesia has experienced significant growth in recent years, driven by various factors. P2P lending platforms, also known as financial technology (FinTech) platforms, provide an alternative financing option for individuals and businesses, particularly those who are underserved by traditional financial institutions. Here is an overview of the Indonesia P2P lending market.

Storyline

• Surging Prosperity: The thriving middle class and soaring incomes in Indonesia contribute to the country's upward trajectory, economic growth, better governance, and like giving lending platforms the chance to draw consumers by charging cheap interest rates.
• Large Unbanked Population in the Philippines: Despite progress, around 44% of Filipinos remain unbanked due to factors like lack of trust, financial literacy, and funds, creating opportunities for digital financial solutions and lending platforms.
• Rising Demand from SMEs: The increasing number of small and medium-sized enterprises (SMEs), especially those founded by young individuals and women, highlights the need for financial inclusion and access to loans, with P2P lenders catering to the underbanked segment.

1. Surging Prosperity: The Thriving Middle Class and Soaring Incomes.

Investment opportunities Indonesia Lending Market

Indonesia has seen tremendous progress in poverty reduction over the past couple of decades and, as a result, has made a successful transition from low-income to middle-income country status. As millions have moved out of poverty and extreme poverty, we have also witnessed the rise of Indonesia’s middle class, which now accounts for 20 percent of the total population, or 52 Mn Indonesians. This group important for Indonesia’s upward trajectory, but it still too small for the ambitions of Indonesia. Expanding the middle class will boost economic growth, strengthen an influential constituency for better governance, and creating opportunities for lending platforms to attract customers by offering low interest rates.

2. Large Unbanked Population in Philippines!

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According to the latest Bangko Sentral ng Pilipinas (BSP) Financial Inclusion Survey (FIS), The rate of account ownership soared to 56% in 2021 from a mere 29% in 2019. Still, while the Philippine banking industry has made impressive strides in recent years, it’s undeniable that there’s still work to be done. Banking and other digital financial solutions remain untapped opportunities for almost half of the Filipino population.

It’s important to understand why it exists in the first place. Why do 44% of unbanked Filipinos refuse to make the shift? According to World Bank, more than 90 Mn in Indonesia remain unbanked, leaving opportunity for lending platforms to attract customers by offering low interest rates. Some of the reasons are-

• Lack of Trust in Financial Institutions
• Lack of Financial Literacy
• Lack of funds

Lack of funds is another reason many Filipinos still can’t open a bank account. In fact, according to FIS 2021, it’s the top reason a huge percentage of Filipinos are still financially excluded. Almost half (45%) of the unbanked Filipinos cited this as the main challenge to owning a formal account.

3. Rising Demand from Small and medium-sized enterprises (SMEs)

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30% of MSMEs created in 2006 or earlier were founded by people under the age of 35, while 45% of MSMEs in that same period were founded by women. In 2017, these figures rose to 80% and 64%, respectively. Notably, survey results reveal an increase in MSMEs launched in 2017, from 18 in 2016 to 70 in 2017.

Within the unbanked segment, AFTECH reports that there are close to 49 Mn underbanked SMEs, further extending Indonesia’s financial inclusion challenge to individuals and small businesses that are struggling to get loans at reasonable rates from commercial banks, therefore shifting their needs towards P2P Lenders.

Conclusion:

The halt in Russian crude oil imports since December 2022, which accounted for 30% of the Netherlands' crude oil imports in 2022, can lead to diversification of crude oil sources, impact refineries, influence price dynamics, and affect trade relationships. This development highlights the need for the Netherlands to adapt its energy supply chains and explore alternative suppliers. The shift in crude oil imports can also align with the country's sustainability goals and promote a transition towards renewable energy sources.

4 trends driving the Netherlands Lubricants Market : Ken Research

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Storyline

• Dutch government's emphasis on high-tech manufacturing and industrial automation has spurred the demand for specialized lubricants in automotive, warehousing, and semiconductor sectors.
• The sale of used vehicles in the Netherlands has surged by 16%, reaching 1.33 Mn vehicles from 2017 to 2021, driving the need for aftermarket services, including lubricants.
• The rising popularity of ride-sharing mobility is projected to increase shared car numbers by 17.7% annually, reaching around 337,000 cars by 2030, resulting in a higher demand for lubricants due to increased wear and tear.

Introduction

Foreign Direct Investment (FDI) in the industrial sector has been on the rise, with various sub-sectors attracting significant attention. Among them, food processing, electronic components, and machinery manufacturing stand out as top sectors, requiring specialized lubricants. The Netherlands, known for its thriving food industry, has over 7,300 food companies generating a substantial USD 88 Bn in revenue in 2021.

1.Growing FDI in Industrial Sector

Total value of Foreign Direct Investments (FDI) in the Netherlands from 2015 to 2021.

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Top sub-sectors of FDI: Food processing, electronic components and machinery manufacturing, etc., requiring specialized lubricants. The FDI data reached an all-time high of 260.5 USD bn in Sep 2007 and a record low of -280.6 USD bn in Dec 2018. In the latest reports of Netherlands, Current Account recorded a surplus of 4.4 USD bn in Dec 2022.

Netherlands has 7,300+ food companies generating USD 88 Bn (2021).

As incoming FDI increases in electronic components, machinery manufacturing and food processing sectors, demand for lubricant automatically increases. As these industries require lubricants, therefore lubricant market expands.

2.Rise in Complex Manufacturing Capabilities

The High-Tech Top Sector is characterized by large multinationals such as Philips, ASML, NXP, Océ and Tata Steel and international collaboration with high-tech SMEs, universities and knowledge institutes such as the Holst Centre and the Embedded Systems Institute. The High-Tech Top Sector employs 452,000 FTE in the Netherlands, which represents 6.46% of the Dutch employment market. The sector encompasses different disciplines such as materials production, automotive and the high-tech manufacturing industry and is closely interwoven with the Logistics Top Sector and the Information and Communication Technologies (ICT) services industry.

High tech & complex manufacturing is the key focus of the Dutch government. In this, industrial automation in automotive, warehousing, semiconductors, etc., are becoming key users of hydraulic systems & fluids used at high temperatures and in automated machineries, like robotic arms, joints and hinges.

3.Rising Demand for Second Hand Cars

Number of second-hand passenger cars sold in the Netherlands in 2017 and 2018, by car model

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The sale of used vehicles in the Netherlands has experienced a remarkable growth trajectory in recent years, facilitated by the presence of popular classified portals like Ooyyo, Marktplaats, AutoScout24, and others. From 2017 to 2021, the number of used vehicles sold through these platforms witnessed a substantial 16% increase, reaching a significant milestone of 1.33 Mn vehicles.

This surge in the sale of used vehicles has created a ripple effect across the automotive industry, driving the demand for various aftermarket services, including lubricants. When purchasing a used vehicle, one of the key considerations for buyers is to ensure the optimal performance and longevity of the vehicle. This is where lubricants play a vital role.

4.Increasing Demand for Ride Sharing Mobility

The number of shared cars would grow by 17.7% yearly, from ~78,000 in 2021 to ~337,000 in 2030, generating revenue of USD 30 Mn by 2030. Average daily distance travelled by shared car is 93 Km, while private car travels 46 Km. This increases the need for constant change of lubricants due to higher wear & tear in shared cars.

Conclusion

With growing FDI in the industrial sector, the Netherlands sees a rising need for specialized lubricants in sub-sectors like food processing, electronics, and machinery manufacturing. The government's emphasis on high-tech manufacturing drives lubricant demand in industrial automation. The surge in used vehicle sales and the popularity of ride-sharing contribute to the expanding lubricant market. These trends position the Netherlands' lubricant industry for sustained growth and opportunities in the future.