France Used Cars Market Outlook to 2027: Ken Research

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Future Outlook of France Used Cars Market: Ken Research

Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards the development of Used Car Market in France.

Digitization in Sale of Used Cars: Online sales have emerged as a critical market growth factor. Online penetration by dealership companies has played an important role in allowing customers access with a single click. The existence of such developments resulted in a cumulative growth in demand for used cars. AUTO1.com, one of the largest wholesale used car platforms, seeing a year-over-year increase of more than 100 per cent in B2B trading of battery-electric (BEV), plug-in-hybrid (PHEV), and hybrid vehicles (HEVs), totalling more than ~ unit sales.

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Introduction of EV Models: Increased investment in the electric segment is also one of the key reasons, which positively impacts the market demand. With the availability of a supply chain network for used cars in the market, significant traction in terms of volume sales is expected. EVs are making their way into the used car market in greater numbers. In terms of selling at least one EV unit in 2021, French dealers contribute around 32 per cent in the EU countries.

Government Regulations: French law states that you must declare the sale of your used car by correctly completing a document entitled a declaration de cession dune vehicle. This needs to be completed irrespective of the value or age of the vehicle. The old document had three pages: one for the seller, one for the buyer and one for your local préfecture. The new version now has just two pages: one for the seller and one for the buyer. Your local prefecture no longer plays any role in this process. Instead, l’Agence Nationale des Titres Sécurisés (ANTS) performs this function. These clear specifications in the government rules and regulations is expected to positively impact the used car market in France.

Analysts at Ken Research in their latest publication “France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” by Ken Research observed that the used car market is an emerging automotive market in France at rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for the used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to an increase in prices of new cars, a rise in demand for used cars and government initiatives.

Key Segments Covered in the report: –

France Used Car Market

By Type of Market Structure

• Organized Channel
• Unorganized Channel
• OEM Certified Franchise Dealers
• Multi Brand Dealers
• DDSA
• C2C Transaction
• Local Dealership
• Auction Companies

By Type Of Car

• Sedan
• Hatchback
• SUV
• Van
• Crossover
• Others

By Age of Vehicle

• 0-2 years
• 2-4 years
• 4-6 years
• 6-8 years
• 8-10 years
• More than 10 years

By Kms Driven and Type of Fuel Engine

• Less than 5,000 km
• 5,000-20,000 km
• 20,000-50,000 km
• 50,000-80,000 km
• 80,000-120,000 km
• Above 120,000 km

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Key Target Audience

• Offline Dealers
• Online Portal
• Organized Multi Brands Dealers
• OEM Certified Dealerships
• Online Portal
• Private Equity and Venture Capitalist
• Industry Associations
• OEM Manufacturers
• Automotive Manufacturers
• Car Auction Companies
• Car manufacturing Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

Online Companies Covered:

• Aramisauto
• Autoscout24
• La Centrale
• Paru Vendu
• Leboncoin
• BYmyCAR
• Auto-selection

 Offline Companies Covered:

• Emil Frey France
• Geudet
• BYmyCAR
• Bernard Automobiles
• Car Avenue
• Maurin
• Jean Rouyer Automobiles

Key Topics Covered in the Report

• Introduction to France Used Car Market
• France Used Car Market Size, 2017-2022
• France Used Car Market Segmentation
• Trends and Developments in France Used Car Market
• Issues and Challenges in France Used Car Market
• Used Car Market Supply Chain
• France Used Car Auction Market
• Online Comparative Landscape in France Used Car Market
• Offline Comparative Landscape in France Used Car Market
• Government Regulations in France Used Car Market
• Business Model in Online Used Car /Market
• Working Model in France Used Car Market
• Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
• France Used Car Market Future Outlook and Projections, 2023-2027F
• Analyst Recommendation for France’s Used Car Market

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France Used Cars Market Outlook to 2027

Related Reports by Ken Research: –

Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

Al Rajhi Bank Saudi vs. Saudi National Bank - A Clash of Financial Powerhouses in KSA Lending Market – Ken Research

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When comparing Al Rajhi Bank Saudi and Saudi National Bank (also known as Samba Bank), there are several factors to consider.

Both banks are prominent financial institutions in Saudi Arabia, but they have different strengths and areas of focus.

Here's a comparison between Al Rajhi Bank Saudi and Saudi National Bank:

History and Reputation:

Al Rajhi Bank Saudi:

 Inception in 1957, Al Rajhi Bank is one of the most popular and largest Islamic bank in the world.

It is popular among the masses for its enormous branch network and clients, as well as for operating in Sharia-compliant banking services.

Saudi National Bank (Samba Bank):

Founded in 1978, Saudi National Bank (Samba Bank) is among the leading banks in Kingdom of Saudi Arabia.

It has a great reputation for providing people, corporations, and organisations with a comprehensive range of banking products and services.

Size and Market Presence:

Al Rajhi Bank Saudi

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Founded in 1957, Al Rajhi Bank is Saudi Arabia’s second-largest lender by assets (US$102.18bn) and the world’s largest Islamic bank by capital.

It claims to have the largest customer base in Saudi Arabia with more than 12 Mn customers, also almost 10,000 employees and a network of more than 521 branches and 212 remittance centres across the Kingdom.

Al Rajhi Bank is well-known for its comprehensive market presence, thanks to its big client base and extensive network of branches and ATMs throughout Saudi Arabia.

It has a sizable market share and serves a variety of consumer sectors.

Saudi National Bank

SNB has more than 11 million customers, 500+ branches and a significant private banking proposition.

Samba Bank is also one of the largest banks in Saudi Arabia, with a substantial market presence. It offers its services to a diverse customer base, including retail and corporate clients, both domestically and internationally.

Technological Innovation:

Al Rajhi Bank Saudi:

Al Rajhi Bank has invested in digital transformation and offers a range of online and mobile banking services to its customers. Some of the key achievements included:

• 7 million active digital banking customers for the year under review
• Aggressive 145% YoY growth in digital onboarding with 90% of all retail customer accounts opened during the year opened via digital channels
• Payroll solutions for e-business customers
• A high performing, rapidly evolving mobile ecosystem with both the best-rated retail and business banking mobile apps in the Kingdom
• Delivery and roll out of end-to-end digitised Mortgage and Auto Lease financing solutions
• A 275% increase in assets powered by digitised personal finance products, and a significant increase in liabilities fuelled by non-profit bearing liabilities

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Saudi National Bank:

ITC InfoTech successfully completes 10 years of strategic association with Saudi National Bank.

ITC InfoTech in these years has played a pivotal role in the Bank’s modernization, digital transformation, and growth journey

Samba Bank has also embraced technology and offers innovative digital banking solutions. It provides online banking platforms, mobile banking apps, and digital wallets to enhance customer convenience and accessibility.

ITC Infotech has leveraged its extensive domain understanding and skills over the last decade to create best-in-class technology consulting solutions that assist customers in overcoming problems and accelerating growth in the Kingdom.

The organization will remain focused and committed to assisting clients in meeting Saudi Arabia's Vision 2030.

According to Ken Research, the analysis both banks have a massive market share and popularity, while choosing banking services as per individual vary based on different preferences and needs.

When choosing between Al Rajhi Bank Saudi and Saudi National Bank, it's important to look into major factors some of which are - specific banking needs curating to personal needs, general customer support, fees and charges, interest rates, and the overall convenience of banking services.

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

KSA lending market

Industrialization, technological advancement and government support are propelling the Karnataka Bricks and Blocks Market: Ken Research

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1. Urban sprawl and the ongoing building of numerous Greenfield ports, airports, and housing developments are helping the brick and block business in Karnataka to thrive.

Click to Read Full Article: Karnataka Bricks & Blocks Market

The main driver of the brick market in Karnataka is the growth of the building sector. The government's continued construction initiatives, including as the construction of an airport, the Ring Road, and housing communities, supported the brick market. As of July 2022, there are 34 operational SEZs, 61 SEZs with formal approvals, and 50 notified SEZs in Karnataka, which is the IT heartland of India and home to the fourth-largest technological cluster in the world. This is what is causing the need for bricks in the area.

2. AAC manufacturers emergence, rapid urbanization, government support, and technical advancement are the key elements that encourage expansion.

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AAC Blocks market have been witnessing entry of multiple manufacturing players in the last 3-4 years as the government has taken initiative to use AAC Blocks to reduce environmental impacts and improve energy efficient materials in brick manufacturing process. On the other hand, construction activity is rising as a result of rapid urbanization, with the current population of 66.2 Mn which is projected to grow to 74.2 Mn by FY 2027F pressurizing the cities for development and improving the infrastructure of the state for better quality of life. Additionally, the Karnataka government has ordered operators of thermal power plants to give fly ash to brick producers at no charge. To encourage manufacturers' interest in creating fly ash bricks, numerous incentives are being offered to reduce carbon emissions. Furthermore, new building technologies are being developed, such as Smart Bricks and Apis Cor, which will benefit the market. SAM is a robot that semi-automates brick wall construction, able to lay 3000 bricks per day while a worker typically lays 500, and Apis Cor is a robot that can construct a house in 24 hours.

3. The Karnataka AAC Block Market is expanding due to rising demand for energy-efficient buildings, durability, and the state's abundant supply of blocks.

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The primary growth drivers of the market for AAC blocks are increasing urbanization and industrialization. Development in the infrastructure sector, rising interest in using lightweight materials in construction, and rising interest in the construction of green buildings are further drivers boosting growth. In addition, the government of Karnataka is actively undertaking Smart City initiatives in Bengaluru, Mangaluru, Shivamogga, Tumakuru, Davanagere, Hubballi-Dharwad, and Belagavi. As a result, the demand for AAC blocks from these regions is increasing quickly in many commercial projects.

4. Karnataka Bricks and Blocks Market faces difficulties such as technological obsolescence, socio-economic concerns, and environmental restrictions.

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Since its inception, the brick industry in Karnataka has produced bricks using traditional methods and has not significantly advanced technologically. The majority of bricks are made manually due to a lack of technological expertise and government funding. Additionally, the existing decentralized production activity used by the Karnataka brick industry is energy-intensive, resource-depleting, and extremely polluting. Furthermore, because labor is brought in through a contractor and is not protected by the act due to the unorganized level of industry, workers in the Karnataka brick business are subjected to harsh working conditions and low pay.

Global Bearings Market is forecasted to grow further into US$ 120 billion Opportunity by 2028: Ken Research

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What is the Size of Global BEARING INDUSTRY?

Global Bearing market is growing at a CAGR of ~% in 2017-2022P and is expected to reach ~USD Bn by 2028F.

The Bearing Market is largely driven by continuous upgradation in the product from multiple players, and growing usage of bearings.

New product launches by players and collaboration among the industry is one of the driving factors of the Global Bearing Market. For instance, In June 2022, The Timken Company announced that it is designing and supplying main shaft bearings for GE Renewable Energy Haliade-X, the world’s most powerful offshore wind turbine. Furthermore, In December 2020, The Timken Company acquired the assets of Aurora Bearing Company.

Aurora manufactures rod ends and spherical plain bearings, which serve a diverse range of defense sector.

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Counterfeit products are posing one of the major challenges for the Bearings Market. Leading companies in bearings product manufacturing are more open to this threat. Manufacturing fake products lead to machine damage and injuries. For instance, In October 2019, JTEKT cooperated with World Bearing Association (WBA) and its efforts against counterfeiting globally by developing a new WBA Check App (WBA Bearing Authenticator) to protect its customers and dealers from property damage risk, injuries, and other events.

GLOBAL BEARING MARKET BY PRODUCT TYPE

The Global Bearing market is segmented by Product type into Plain Bearing, Ball Bearing, Roller Bearing and Others.

Rolling bearing segment held the largest market share of the Global Bearings Market in 2022P. Rolling bearings are used in multiple industries such as automotive, capital equipment, aerospace, home appliances, and others

Roller bearing is a type of rolling-element bearing that used a cylinder instead of a ball. Roller bearings are used in all main shaft and auxiliary drive shaft applications to support the pure radical load.

In July 2021, NTN Bearing Corporation announced the latest innovation, the KIZEI spherical roller bearing. Spherical roller bearings are manufactured with metallic shields that protect the bearing from solid contamination such as dust, pebbles, and other debris.

GLOBAL BEARING MARKET BY APPLICATION TYPE

The Global Bearing Market is segmented by Application into Automotive, Application Transmission, Aerospace & Defense, Construction and Others.

The automotive segment accounted for the largest market share in 2022P, owing to the surging automobile production worldwide.

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The increasing demand for vehicles is leading the automotive segment and is forecasted to be the fastest-growing segment in the forecast period.

In September 2022, SKF and NIO, a leading premium smart electric vehicle manufacturer, have strengthen the strategic corporation. As part of the agreement, SKF will be the preferred supplier of ceramic ball bearings.

GLOBAL BEARING MARKET BY GEOGRAPHY

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

Asia Pacific accounted for the largest market share within the Global Bearings Market in 2022P, owing to surging machinery and motor vehicle production.

The increasing demand for aftermarket products for industrial equipment and motor vehicle repair. The surging construction and mining industry requires efficient industrial tools to operate, which further propels the growth of this region. Presence of leading companies manufacturing bearings products, like JTEKT Corporation, NSK Ltd., NTN Corporation, HKT Bearings Ltd., and others, are expected to further boost the expansion of this market.

For More Insights On Market Intelligence, Refer to the Link Below: –

Global Bearings Market

KSA's Import-Driven Toy Industry: Exploring Tremendous Growth Potential: Ken Research

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$2.1Bn Import-Driven Market with Huge Potential. Dominated by China at 72.2%, driven by growing e-commerce, retail, and 9 Mn young population. Major players like Lego enter despite regulations, unveiling untapped opportunities. In this article, we uncover the market space as a whole. Read below to know more.

Storyline

1. KSA's toy market experiences demand surge from online shopping and global players.
2. Regulations post-2007 don't deter major brands' entry or expansion.
3. Distributors play a vital role in industry growth.
4. As per Ken Research, collaborative ecosystem drives innovation and reach in KSA toy market.

KSA Toy Market Dynamics:  Click Here

1. Unleashing Imagination: The Evolution of KSA Toy Market - A Timeline of Distributor & Player Entry

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KSA’s Toy Market which was characterized by the presence of a few players uptil early 2000, but witnessed a demand surge in the aftermath majorly because of the growing popularity of online shopping & entry of global players in the market. Major regulations which started taking place after 2007 including the ‘G-mark conformity certificate’ surprisingly did not have a much effect on major brands eyeing the market for expansion or entry. Distributors have played a big role in the growth of toy industry with 9 of them supporting industry growth over the years (their role can be ascertained by the fact that distributor margin stood at 50-60% on FOB as of 2022).

2. GCC Regulations and Collaborative Distribution: Driving Innovation and Reach in KSA Toy Market

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The market ecosystem of KSA's toy industry is composed of four key player segments: manufacturers, distributors, regulatory authorities, and retailers. With over 1,000 manufacturers, the industry offers a diverse range of toy production capabilities. Distributors, numbering more than 10, play a crucial role in efficiently distributing toys from manufacturers to retailers. Regulatory authorities enforce standards and regulations to ensure toy safety and compliance. Retailers, with over 2,000 establishments, serve as the primary point of sale, offering a wide variety of toys to consumers. The regulatory mechanism implemented by authorities directly impacts the operations of all segments, ensuring the availability of safe and high-quality toys. This collaborative ecosystem shapes the dynamics of the KSA toy market, meeting the evolving demands of consumers while upholding safety standards. As per Ken Research estimates, the KSA toy market is expected to grow at a robust rate in the upcoming years.

Rapid Investment Growth with 400+ banks and Government Digitalization Initiatives Fuel Philippines Retail Deposit Market's Expansion: Ken Research

 A booming banking sector alongside government aid to be the backbone of Philippines Retail Deposits Market, says a report by ken Research

The India Construction Chemicals market is moderately fragmented in nature, with the presence of many international players as well as local players. Some of the major players in the industry, are Citi Bank, Union bank, Metro Bank & Sterling Bank of Asia.

Business Bank Philippines Market Revenue

1. Government Initiatives to Increase Financial Inclusion, promote digital Payments and Enhance Consumer Security are giving confidence to customers to make more deposits.

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Government initiatives in the Philippines are playing a crucial role in shaping the retail deposit market. With a focus on increasing financial inclusion, promoting digital payments, and enhancing consumer security, these initiatives have instilled confidence among customers to make more deposits. The inclusion of digital wallets and e-payments has provided consumers with convenient and easy-to-use options, enabling them to make better choices. Furthermore, the implementation of enhanced consumer protection measures, such as Circular No. 1048 or the BSP Regulations on Financial Consumer Protection, has strengthened the existing infrastructure and executed processes more effectively. Overall, government policies are driving positive transformations in the Philippines retail deposit market, fostering innovation and improving the banking experience for customers.

2. Investment Scenario Bolsters Growth of Philippines Retail Deposit Market

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The retail deposit market in the Philippines is experiencing a significant boost due to a favorable investment scenario. The country's growing economy and increasing investor confidence have led to a surge in investments, thereby contributing to the expansion of the retail deposit market. Investors are actively seeking secure and reliable avenues to park their funds, and retail deposits have emerged as a popular choice. The stability of the banking system, coupled with attractive interest rates and various investment options, has attracted individuals and businesses to deposit their savings in banks. This influx of investments has not only fueled the growth of the retail deposit market but also provided banks with a stable source of funding to support lending activities.

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

• Investors
• Risk-Averse Individuals
• Fixed Income Seekers
• Small Business Owners
• Non-Profit Organizations
• Fixed-Time Investors

Time Period Captured in the Report:

• Historical Period: 2016-2022
• Base Year: 2022
• Forecast Period: 2022-2027

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

Philippines Retail Deposit Market Outlook to 2027

Related Reports By Ken Research:-

KSA Lending Market Outlook to 2027

India ATM Managed Services Market Outlook to FY’2027

South Africa Buy Now Pay Later Market Outlook to 2027F

From Setbacks to Breakthroughs: Will Stem Cell Banking Market Beat the Odds and Reach Double-Digit CAGR? – Ken Research

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The Global Stem Cell Banking market has experienced a consistent upward trajectory in its market size from 2017 to 2022. However, the onset of the COVID-19 pandemic brought forth unprecedented challenges, disrupting the steady growth. The stringent restrictions, both domestic and international, along with the implementation of necessary guidelines, necessitated additional measures to ensure the secure collection of stem cells from both patients and donors. Consequently, the overall stem cell banking market witnessed a decline during this period. The question that arises now is how the table will turn for the market and whether it can sustain its growth in the future. To uncover the potential solutions and strategies that will enable the market to bounce back and thrive, delve into the complete story.

1. COVID-19 had a negative impact on the market of stem cell banking owing to worldwide lockdown and restrictions on logistics and transportation facilities

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1.1. Additionally, the Presence of unapproved stem cells, maintaining high quality, socio-ethical concerns, and dearth of skilled professionals are some other Key challenges of the market

2. However, the Application of AI, modernization in stem cell storage, increasing approvals, and rising number of start-ups have helped the sector sail through the hard times

3. Presently, increase in research and development, advancement in regenerative medicines, and rising investment are key growth drivers of the Global Stem Cell Banking market

4. Also, an increasing number of clinical trials coupled with approval of stem cell-based therapies from regulatory bodies will further help the Global Stem Cell Banking market to touch double-digit in the future

Some of the Intelligence Curated by Ken Research in Stem Cell Banking Market Space:

• Middle East Post-Acute Rehabilitation Market Outlook to 2027 segmented by Services (Skilled Nursing Facilities, Home Health, Long Term Acute Care, and Inpatient Rehabilitation), By Condition (Neurological Disorders, Brain Injury, Amputations, Spinal Cord Injury, Wound Management) and Others
• KSA Health Tech Market Outlook to 2027 Driven by Strong Government Initiatives, Technological Advancements and Entry of New Market Players
• France Fitness Services Market Outlook to 2027F driven by increase in health & fitness consciousness & the rise of boutique fitness
• Germany Fitness Services Market Outlook to 2027F driven by increase in health & fitness consciousness & innovation in fitness industry

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Stem Cell Banking Market

Phoenix Market City vs. Chennai's Retail Challengers: Who Holds the Crown?: Ken Research

 Phoenix Market City is prominent shopping destinations in Chennai, India. Each offers unique experiences and features that cater to diverse customer preferences. Phoenix Market City is a popular chain of shopping malls in India owned by the K Raheja Corp Group.

STORY OUTLINE

Size Matters: Phoenix Market City, Express Avenue, and VR Chennai are significant players in the mall industry, each offering a vast retail and entertainment space to cater to shoppers' diverse needs.

Retail Showdown: These malls compete for consumer attention with a diverse product mix, housing flagship stores of prestigious national and international brands, making them preferred shopping destinations.

Events and Promotions Galore: Phoenix Market City, Express Avenue, and VR Chennai go head-to-head in organizing frequent events and promotions, creating vibrant and engaging atmospheres to draw in more footfall.

Customer Engagement: Each mall strives to enhance the shopping experience by engaging visitors through entertainment offerings, community collaborations, and brand partnerships.

Dynamic Industry: Chennai's mall industry remains vibrant and competitive, continuously evolving to cater to the growing needs of its diverse consumer base.

Phoenix Market City is one of the largest malls in Chennai, covering a vast area of around 1,500,000 square feet. Express Avenue Mall and VR Chennai are also sizeable malls, offering a significant retail and entertainment space. The shopping mall industry in Chennai presents a dynamic and highly competitive landscape, with numerous players vying for consumer attention. With each player striving to be the preferred shopping destination, Chennai's mall industry remains vibrant and ever-evolving, catering to the diverse needs of its growing consumer base.

1. Size Does Matter: Chennai's Biggest Malls - Phoenix Market City, Express Avenue, and VR Chennai!

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Phoenix Market City: It stands as one of the largest malls in Chennai, covering a vast area of around 1,500,000 square feet. Its expansive space allows for a wide range of retail stores, dining options, and entertainment facilities.

Express Avenue Mall: Express Avenue is also a sizable mall, offering a significant retail and entertainment space. While not as large as Phoenix Market City, it still provides an extensive selection of shops and amenities.

VR Chennai: VR Chennai is another substantial shopping destination in the city. Though not as massive as Phoenix Market City, it provides ample room for various retail stores and entertainment offerings.

2. Phoenix Market City vs. Express Avenue Mall vs. VR Chennai - A Retail Showdown

Phoenix Market City: Known for its flagship stores of prestigious national and international brands, the mall offers a diverse product mix. Shoppers can find a comprehensive selection of fashion, electronics, home decor, beauty, and other items from renowned brands.

Express Avenue Mall: Express Avenue also houses well-known brands across various categories, making it a popular choice for shoppers seeking a wide range of products.

VR Chennai: Similar to the other malls, VR Chennai provides a diverse retail mix, catering to various preferences and shopping needs.

3. Clash of Events and Promotions - Phoenix Market City vs. Express Avenue vs. VR Chennai

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Phoenix Market City: The mall is known for organizing frequent events, concerts, and cultural festivals, creating a vibrant and engaging atmosphere. These events add to the overall shopping experience and draw in more footfall.

Events and promotions aim to entertain and engage visitors, enhancing their overall shopping experience and encouraging repeat visits.

Express Avenue Mall: Express Avenue also hosts events and promotions to entertain and engage visitors, making their shopping experience more enjoyable.

The mall often collaborates with brands and local businesses to create unique and exciting promotions.

VR Chennai: Similarly, VR Chennai organizes events and promotions to keep customers entertained and attract more shoppers to the mall.

VR Chennai focuses on fostering community engagement through events and promotions, creating a sense of belonging among its customers.

In Conclusion, Chennai's mall industry boasts significant players like Phoenix Market City, Express Avenue, and VR Chennai, each offering vast retail and entertainment spaces. With diverse product mixes, flagship stores, and frequent events, these malls fiercely compete for consumer attention. As the industry evolves, Chennai's mall scene continues to captivate shoppers with engaging experiences, catering to the city's dynamic and growing consumer base.

KSA's Lending Market Expected to Reach PHP 67 Bn by 2027, Driven by 4 Key Catalysts: Ken Research

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Storyline

1. KSA's private consumption expenditure has risen, indicating improved living standards and reduced poverty.
2. Demographic factors influence lending preferences, with under-24 individuals seeking credit for education and ventures, while 25-54 age group seeks loans for homes and cars.
3. Islamic finance has gained popularity, catering to KSA's predominantly Muslim population.
4. Digital banking has reshaped the lending landscape, reducing the need for physical bank branches.

The KSA lending market has shown outstanding growth potential, driven by various catalysts that have fueled the financial landscape in the country.  From consumption expenditure trends to the preferences of different age groups, along with the increasing popularity of Islamic finance and the transformative impact of digital banking, these factors have propelled the lending market forward.

1. KSA Consumption Expenditure Trends

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• KSA’s private consumption expenditure has been following an increasing trend and rose by 26.7% from Oct 2020 to Oct 2022.
• An increase in private final consumption is usually indicative of a rise in standard of living of people in the society, and a decrease in levels of poverty.
• Consumption expenditure growth has been rising through the last decade.

As KSA’s personal expenditure is on rise, a need for short term and long term loans by individuals also increases. Therefore leading to growth in overall KSA Lending market.

2. Youth: Credit for knowledge and ventures. Adults: Loans for homes and wheels.

People under the age of 24 taking credit for education and starting businesses while those between 25-54 seeking loans to buy homes and cars

• KSA has 4% of its citizens under the age of 24 leading to increased demand for credit for education and starting businesses.
• The population within the age range of 25-54 covers more than half of the population and seeks loans to finance the purchase homes and cars.

These needs of starting a business or buying a new car/house, all of which requires loans to integrate it. Thereby fueling the lending market in KSA.

3. Islamic finance has gained popularity

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• Islamic finance has become increasingly popular in KSA, among the country's large Muslim population (2% of the total population).
• Islamic finances: Sharia-compliant mortgages, etc. have seen increased demand.
• To get a Sharia-compliant mortgages one needs -

To qualify for a Sharia mortgage, you'll typically need a deposit of between 10% and 35% of the property's value. That said, it might be possible to find home purchase plans that need as little as a 5% deposit.

5. Banking in KSA: More Credit, Fewer Branches - Digital Surge Rewrites the Rules

The increase use of digital banking and online services has diminished the need for physical bank branches.

Customers are increasingly using online and mobile banking services for day-to-day transactions like - transferring money to vendors, shopping, checking bank balance etc.

This trend has accelerated during the COVID-19 pandemic, with many customers avoiding in-person banking to reduce the risk of infection

According to Ken Research, the KSA Lending market continues to expand, four key catalysts have contributed to its rise.

Individual consumption trends, the borrowing trends in different age groups, the increasing popularity of Islamic finance, and the adoption of digital banking are all the major catalyst to the expanding in market.

Customers are increasingly turning away from traditional bank branches in favour of the ease and accessibility provided by digital platforms.

These forces are altering the lending market, opening up new opportunities and posing new problems for Saudi financial institutions.

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

KSA lending market

Pet care industry grows after pandemic; attracts FMCG companies: Ken Research

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Story Outline

Increased pet adoption after the pandemic is driving the Indian pet care industry to touch Rs 10,000 crore by 2025. There is a growing trend towards premium dog food products in the global market. Pet owners are increasingly willing to invest in higher-priced dog food options that offer specific health benefits, natural ingredients, and tailored formulations to meet the unique dietary needs of their dogs.

1. Purina, as a global pet food company, has achieved significant accomplishments in the pet category.

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Furthermore, Purina's focus on customer satisfaction and engagement plays a crucial role in fostering loyalty. The brand actively interacts with pet owners through various channels, providing educational resources, offering personalized advice, and engaging in community initiatives. These efforts help build lasting relationships with customers and reinforce their loyalty to the brand.

Purina boasts an impressive customer base, with 56 million households purchasing their products. This signifies the brand's widespread popularity and trust among pet owners. Purina has also emerged as the top player in the e-commerce sector within the pet category. This accomplishment demonstrates their ability to adapt to changing consumer preferences and effectively tap into the online marketplace, catering to the needs of pet owners who prefer to shop online.

Purina has experienced remarkable growth, achieving a 15% growth rate in the previous year. This growth can be attributed to various factors, including successful pricing strategies as well as increased sales volume. Purina's ability to drive growth highlights their strong brand portfolio and their ability to capture a larger market share. Purina's success in accelerating growth can be attributed to its robust brand portfolio. The company offers a diverse range of pet food products tailored to different pet species, life stages, and specific dietary requirements. These strong brands have resonated with pet owners, driving both sales and customer loyalty.

2. Mars Petcare bullish on India; focusing on expanding portfolio across price points

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Mars Petcare, a global pet nutrition company, is highly optimistic about the Indian market and aims to accelerate its growth in the country through resourcing, building capabilities, and expanding operations. India is considered one of the fastest-growing pet food markets worldwide, driven by factors such as increased pet adoption, rising awareness of proper pet nutrition, and favorable market conditions.

Mars Inc's global CEO, Poul Weihrauch, expressed a strong belief in India's potential for petcare and emphasized the company's focus on further boosting growth in the Indian market. Mars Petcare aims to cater to different consumer segments in the dog and cat food categories and has experienced higher growth in the cat food business over the past few years, despite starting from a smaller base.

The company has a diverse portfolio of pet food products, ranging from economical, entry-level options to premium, luxury products. Ensuring the right price pack architecture is a key focus for Mars Petcare to provide consumers with suitable choices. Bonus: Mars Petcare has invested INR 500 crore in expanding its pet food factory in Telangana, which will support increased manufacturing capacity and allow the company to offer products across various price points, thus expanding its distribution footprint in the country.

The future of the global dog food market appears promising. With a growing emphasis on pet health and wellness, the demand for high-quality, nutritious dog food is expected to increase steadily. Market players are likely to focus on innovative formulations and sustainable sourcing to meet consumer preferences. As the bond between humans and their furry companions strengthens, the dog food market is poised to witness sustained growth and evolution in the coming years.