Egypt’s Logistics Market Expecting to reach ~35bn USD by 2026F: Ken Research

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The Egypt Logistics Industry recorded a positive CAGR of 10.3% between 2017 and 2021 owing to Logistics Infrastructure Development in the country due to various encouraging factors lined up in the development of the sector as per the report by Ken Research.

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As Cairo being the busiest airport in whole of Africa and also great road and port facilities, Egypt has a vibrant range of infrastructure, which helps in the smooth flow of goods. Its Logistics Industry is expected to grow at a CAGR of ~7.5% based on revenue between 2021 and 2026F. In the FY 2020/21 budget the government allocated LE244.7bn ($15.5bn) to the transport sector – more than doubling the previous fiscal year’s sector budget. The increase in public spending went to improve infrastructure, road networks, and tunnels and transport networks.

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1. Major Growth Drivers Are the Initiative of Government in Logistic Sector

Government of Egypt is taking initiatives to flourish logistic markets. The development strategy of each corridor composed of roads, seaports, airports, inland waterways reinforces connectivity linking major cities inside and outside of the country.

• In August 2014, the "National Roads Project" was launched aiming to create new roads of 3,300 km length with a total cost of about E£36 bn. The Ministry of Transport represented by the General Authority for Roads, Bridges and Land Transport is executing about 1,300 km at a cost of E£17 bn. The Ministry of Housing represented by the Central Agency for Reconstruction is executing another 800 km. The two organizations are funded from NIB. Under the 10-year transport modernization plan, 30,000 km of new and developed roads are set to be completed by the end of 2024. Additionally, in 2020 the MoT stated that $8.3bn had been budgeted to build 1000 bridges and tunnels by 2024, with around 60% of projects completed at the time of the announcement. This will lead to the growth of market in Egypt.

• To ease pressure and help support the tourism sector, construction of a fourth terminal at the Cairo International Airport was announced in 2019, which will increase annual capacity to 20m

• Two new airports were inaugurated in 2020 to serve the Greater Cairo area: Sphinx International Airport in Giza and the Capital International Airport near the NAC.

• As part of Egypt Vision 2030 and its focus on infrastructure, the government plans to increase port capacity from 120m tonnesin 2016 to 370m tons by 2030.

• A $10bn mega-project is under way to expand the Suez Canal – including extending a second channel and enlarging 30 km of the canal by 40 meters–, which is expected to increase its capacity to 97 ships per day and raise revenue to $13bn 

2. Growth Drivers of Various Segments of Logistic Market

Express & Parcel and Warehousing Markets are high growth segments based on their CAGR:  Various corridors and multilevel hubs are driving the growth of overall logistics market in Egypt. As per the 2021-2026F, the CAGR of warehousing and Express & courier market is increasing due to reasons such as Introduction of connected 3D printing. Government initiated Vision 2030 to create an efficient, competitive and environmentally friendly logistics system.

• Freight forward market growth: Development of Multimodal Freight Logistics Hubs will connect various freight forward transport modes at strategic transport nodes. Freight transport will majorly continue through the Suez Canal.

• VAS market growth: The increasing value of exports & imports leads to more complex custom clearance procedures in Egypt, thus driving up the demand for Value Added Services in the country and also in warehousing.

• Warehouse logistic market growth: Many are near major trading hubs resulting in the growth of the market. Warehouse Management Systems and automated processes. The Suez Canal EZ and Golden Triangle EZ are expected to be completed which will further bolster growth of warehousing market. Other reasons being usage of Custom warehouses where goods can be stored without VAT. Also Booming E-Commerce, Increasing Cold Chain Capacity and High demand for built-to-suit and automated warehouses in Cairo, Alexandria and near the Suez Canal.

• Courier express and parcel market: Development of Custom warehousing can help simplify export and import processesby lowering the advance income tax burden. Egypt will see a tremendous growth in e-commerce platforms and Facebook online shopping channels in the coming years.

Others sectors:

• Increased Utilization and Reduction in Idle time of the vehicles due to Machine learning and AIis assisting fleet owners in planning optimal routes for their vehicles
• Industry is witnessing increase in number of new players and existing players like CSC, DB Schenker resulting in the growth of logistic market in Egypt.

Conclusion:

According to the report of Ken Research, Egypt’s Logistic market is expected growth till 2026F because of the mixed efforts of the government and business investors and owners. Initiative taken by the government led attraction from international business to improve the logistics simultaneously. Egypt’s geographical and demographic structure gives benefits to the market ,taking example of Suez canal and its improved ports and fleet. Digitalization and AI is also giving a helping hand by developing the freight forward and warehousing markets. Egypt’s logistic market is growing and is expected to grow further by 2026F.

Exploring the future of Istanbul’s restaurants Industry: How will the online-savvy population and government support impact the dining scene? : Ken Research

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Customers that visit restaurants in Turkey most frequently go to Istanbul. Istanbul also draws a significant amount of domestic travelers and population emigration. With nations like Germany, Iran, and Russia leading the way in terms of the percentage of tourists visiting Turkey, Istanbul is the destination of choice for tourists from Western Asia and Europe. However, the industry faced a decline in growth due to the rise in COVID-19 cases. Here is a glimpse to how the restaurant industry in Istanbul is planning to get back into the race. Let’s dive in.

1. Given the backdrop of the highest population and massive flow of tourists, Istanbul contributes the highest share to the restaurants industry in Turkey

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2. However, the restrictions imposed during different phases of COVID-19 jeopardized the future of 100,000+ restaurants & cafes operating across Turkey

3. While certain restaurants suffered due to operational restrictions, few restaurants leveraged on D2C ‘retail sales’ of their food ingredients and diversified business segments

4. Subsequent waves and variants of COVID-19 coupled with fast pace of vaccination have prompted businesses, customers and government to “learn to live” and strategize accordingly

5. The fear of the virus still looms yet support from the government fostered confidence and provided a cushion to industry participants

6. The growth of the Restaurant Industry in Istanbul is further expected to be shaped by changing customer behavior to becoming online savvy & focus on alternate channels of revenue by businesses

Some of the Intelligence Curated by Ken Research in Restaurant Industry Space:

• • Qatar Retail Restaurant Industry Outlook to 2027 Driven by Increased Tourism Due to FIFA World Cup, Government Initiatives and Growing Trend of Online Food Delivery
  • India Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
  • China Catering Market Outlook 2027F driven by increasing demand & innovative business Model
  • Australia Catering Services Market Outlook To 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
  • Kuwait Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering

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Istanbul Restaurant Market

Brazil Car Finance Market Size, Share, Outlook to 2027: Ken Research

 What Is The Size Of Brazil Car Finance Market?

Brazil car finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD by Mn 2027.

Brazil is one of the largest economies in Latin America, and its automotive industry has been a vital contributor to economic development. As the middle class expands and disposable incomes rise, more people are aspiring to own cars, creating a surge in car sales. However, the high cost of purchasing a car outright has led many consumers to opt for car financing as a more accessible way to own a vehicle.

The Brazilian government has also played a role in promoting car finance by implementing policies to stimulate vehicle sales. In the past, there have been tax incentives and lower interest rates on car loans to encourage consumers to buy cars and support the automotive industry.

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Financial institutions in Brazil have been proactive in offering a wide range of car financing options to cater to diverse customer needs. Banks, credit unions, and specialized automotive finance companies provide various loan terms, down payment options, and interest rates, making car financing more attractive and affordable for consumers.

Additionally, the rise of digitalization and fintech innovations in the financial sector has transformed the car finance landscape in Brazil. The Brazil car finance market has seen significant growth due to increasing consumer demand for cars, the expansion of the middle class, supportive government policies, and a range of financing options offered by financial institutions. Therefore, The market is expected to continue to evolve.

Brazil Car Finance Market By Type Of Vehicle

The Brazil car finance market car finance Market segmented by New Car and Used Car.

 In the Brazil car finance market, most dominant segment in the market is the old car segment in 2022.

The high import taxes and production costs associated with new cars made them relatively expensive, making it more financially feasible for many consumers to opt for used cars instead.

Additionally, the availability of a wide range of used car models and brands in the market gave consumers a diverse selection to choose from, catering to various budget constraints and preferences. With used cars offering a more affordable option for vehicle ownership, they became a popular choice for a large segment of the population.

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Brazil Car Finance Market By Category Of Lender

The Brazil car finance market is segmented by type of lenders into, NBFCs, Banks and OEMs

Banks have been more dominant in Brazil car finance market car finance market 2022.

Due to their well-established presence, extensive branch networks, and diverse financial products and services. They offer competitive interest rates, flexible loan terms, and a wide range of financing options, making them the preferred choice for consumers seeking car loans. The banking sector's credibility and reliability provide consumers with confidence in their car financing decisions, contributing to the dominance of banks in the car finance market.

Brazil Car Finance Market By Region

The Brazil car finance market is segmented by Region into North, South, East, West, central.

In 2022, south region, emerged as the dominant region in the Brazil car finance market car finance market.

In 2022, the Southeast region, specifically São Paulo, has been the primary hub for car manufacturing, the South region, including states like Rio Grande do Sul and Santa Catarina, played a crucial role in car finance.

The South region has a strong economy, a well-developed financial sector, and a relatively high standard of living compared to other regions in Brazil. This economic strength has contributed to higher disposable incomes and increased consumer demand for cars. As a result, car financing became an essential part of the vehicle purchasing process for many consumers in the South.

Competition Scenario In Brazil Car Finance Market

The car finance market in Brazil was highly competitive, with various players vying for market share. Major banks, including Banco Bradesco, Banco do Brasil, and Itaú Unibanco, were dominant participants, leveraging their extensive branch networks and diverse financial products to offer competitive car financing options.

Additionally, specialized automotive finance companies such as Banco Pan and Banco Santander Brasil were active in the market, providing tailored financing solutions. The competition was driven by increasing consumer demand for cars, favorable economic conditions, and the need for attractive loan terms and interest rates to attract customers in a price-sensitive market.

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What Is The Expected Future Outlook For The Overall Brazil Car Finance Market?

The Brazil car finance market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027.

The market is expected to continue growing, driven by factors such as an expanding middle class, increasing disposable incomes, and rising consumer demand for vehicles.

Innovations in digitalization and fintech are likely to shape the car finance landscape in Brazil. Online platforms and mobile applications are streamlining the loan application process, making it more convenient for consumers to access financing options. Fintech startups may disrupt traditional lending practices by offering innovative solutions and appealing to tech-savvy customers seeking faster and more accessible financing options.

However, the car finance market also faces challenges. Economic uncertainties, inflation, and fluctuating interest rates could impact consumer spending and borrowing behavior, potentially affecting car sales and financing decisions.

Moreover, environmental concerns and government policies promoting sustainable transportation could present challenges and opportunities in the car finance market.

 The shift towards electric vehicles (EVs) may require specialized financing options and adjustments in loan terms to accommodate the unique characteristics of EV ownership.

Overall, the Brazil car finance market is poised for growth with continued innovations in digital lending and increasing consumer interest in vehicle ownership driven by factors such as increasing consumer demand for cars, innovations in digitalization and fintech, and the rising middle class. The adoption of digital lending platforms and fintech solutions is likely to enhance customer convenience and accessibility to financing options.

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Brazil Car Finance Market Outlook to 2027F

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Brazil Mattress Market Size, Growth, Outlook to 2027: Ken Research

 What Is The Size Of Brazil Mattress Market?

Brazil mattress Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Mn by 2027.

The Brazil mattress market is growing due to economic recovery, rising consumer awareness of sleep health, and technological innovations. The advantages of increased disposable incomes, urbanization, and online retail channels further contribute to the market's expansion.

And the growing awareness of the importance of sleep health and well-being is a significant growth driver. Brazilian consumers are becoming more conscious of the impact of quality sleep on their overall health and productivity, prompting them to seek high-quality mattresses that provide better support and comfort.

Innovations in mattress technology have played a crucial role in the growth of the market. Manufacturers are continuously introducing new materials and designs that cater to consumers' evolving preferences.

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Advanced innovations include memory foam mattresses, which contour to the body, providing personalized support, and orthopedic mattresses designed to promote spinal alignment.

Additionally, the growing trend of urbanization and home ownership is expected to drive the demand for mattresses, contributing to the market's expansion.

Despite challenges, the focus on product innovation and meeting consumer demands has made market future ready.

Brazil Mattress Market By End User

The Brazil mattress market is segmented by Household, Healthcare, Hospitality.

In the Brazil mattress market, most dominant segment in the market is the Household segment in 2022.

Specifically the household segment represents the general population, including individuals and families across various income levels.

As the economy improves and disposable incomes rise, more households are able to invest in better-quality mattresses for improved sleep comfort and overall well-being.

While the healthcare and hospitality segments also contribute to the mattress market, they are comparatively smaller in scale. The healthcare segment involves the demand for specialized mattresses for medical facilities and patients with specific health requirements.

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Brazil Mattress Market By Type Of Mattresses

The Brazil mattress market is segmented by type of mattresses into Spring mattresses, Pocket Spring mattresses, Bonell Spring mattresses.

Pocket Spring mattresses are the most dominant type of mattresses in Brazil market in 2022.

This is due to, these mattresses have gained popularity due to their superior comfort and support features, making them an attractive option for consumers seeking a better sleep experience. The individual pocketed coil system offers targeted support to different body areas, reducing pressure points and enhancing overall comfort.

Therefore, as consumers become more conscious of sleep quality and comfort, the demand for advanced mattresses like Pocket Spring is expected to rise and secure a dominant position in the Brazil mattress market.

Brazil Mattress Market By Region

The Brazil mattress market is segmented by Region into North, South, East, West.

In 2022, Southeast region emerged as the dominant region in the Brazil mattress market. This is due to that, the Southeast region is the economic powerhouse of Brazil, with a concentration of industries, businesses, and higher-income households. As a result, the region experiences a higher demand for home furnishings, including mattresses, driven by rising disposable incomes and consumer preferences for better-quality products.

Competition Scenario In Brazil Mattress Market

The Brazil mattress market in is a highly competitive landscape, driven by the market share in the market, these companies operate at both national and international levels, offering a diverse range of products and catering to different segments of the market.

In addition to these established players, the Brazil mattress market also features regional and local manufacturers that cater to specific consumer preferences and price points. These players often focus on affordability and customization to attract budget-conscious customers.

Therefore, the Brazil mattress market is in strong competition, featuring prominent national and international players, as well as regional and local manufacturers. Companies compete based on product quality, innovation, pricing, and brand reputation. As the market evolves, players will need to adapt to changing consumer demands and preferences while leveraging technology and effective marketing to maintain their positions.

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What Is The Expected Future Outlook For The Overall Brazil Mattress Market?

The Brazil mattress market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027.

The Brazil mattress market is driven by like urbanization, a growing population, and a rise in home ownership will contribute to the expansion of the housing sector, leading to higher demand for mattresses.

However, Consumers are becoming more conscious of the impact of quality sleep on their overall health, leading to a greater willingness to invest in premium and technologically advanced mattresses.

As a result, there is a growing preference for orthopedic and memory foam mattresses, further boosting market revenue.

Moreover, the expansion of e-commerce and online retail channels in Brazil presents a significant advantage for the mattress market. The convenience of online shopping allows consumers to explore a wide range of mattress options and make informed decisions.

Online retail also enables manufacturers to reach a larger audience, including customers in remote areas, fostering market growth.

Despite these positive aspects, the Brazil mattress market will encounter certain challenges. The presence of unorganized and local mattress manufacturers may lead to price competition, affecting the sales of branded mattresses.

Economic fluctuations and currency exchange rates could impact the cost of raw materials and imported mattresses, influencing market dynamics.

Furthermore, sustainability and eco-consciousness are expected to play a crucial role in shaping the market's future. Consumers are becoming more environmentally aware, driving the demand for mattresses made from organic and recyclable materials.

Therefore, the future of the overall Brazil mattress market appears promising, with economic recovery, population growth, and increased consumer awareness of sleep health driving market expansion.

While challenges exist, such as local competition and economic uncertainties, opportunities for growth lie in technological innovations and sustainable practices.

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

Brazil Mattress Market Outlook To 2027F

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Malaysia Automotive Finance market is expected to grow at 3% By 2026: Ken Research

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The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% to Malaysia's GDP.

Story outline

• Increasing middle-class population with higher disposable income drives automotive finance industry
• Malaysia's number of vehicle finance population reached~ 33.3 million, emphasizing the importance of personal transportation.
• Affordable car ownership facilitated by low interest rates stimulates market demand in Malaysia.

1.Rising population of middle class in Malaysia

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Malaysia having the total no. of population is around~ 32.2 million in year 2022 , with the growth rate of 1.09%  rising population every year.

The  group of people belongs to Middle class is about  40% in malaysia , earning the average salary of about  between RM 4,851 to RM 10,970 ( 1,485 dollars ) per month.

As per the expansion of the population in the country , the need for transportation has resulted in high demand for vehicles. And Malaysians' rising income levels have improved their spending power, driving up demand for cars. As a result, people seek financial aid to buy automobiles and realize their dream of owning a car, which in turn increases demand for automotive loans.

2.Growing no. of vehicles in Malaysia automotive industry

There are now more vehicles on the road than humans in Malaysia, with the growth rate of outpacing human population for the first time.

In Malaysia, the number of vehicles on roads grow from 15.2 million in 2019 to 17.3 million in 2021. With having the current population of 32.2mn, in Malaysia the number of the vehicle on roads grows up to by one million every year.

The automotive sales market in Malaysia, with its approximately 33 million inhabitants. Surprisingly, the Malaysian automotive market grew by more than 40 percent this year after it had declined for two years in a row due to the COVID-19 pandemic. However, it is unlikely that Malaysia would take over the other two ASEAN countries with much larger automotive markets.

With the growing demand for car, the auto finance market is expected to grow in the future.

3.Low interest rate on purchasing car in Malaysia

As Malaysia witness the rapid growth in the rise of middle class population in the country and increasing no. of vehicle in the country leads to the low interest rate for purchasing the car in the country.

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According to KEN RESEARCH , Malaysia Auto-finance Market is estimated to grow at a positive CAGR of ~3% in next 5 year, due to increasing demand for car and rising middle class population.

 4.Government Support and Initiatives in automotive industry

The automotive industry contributes just 4% to the country’s gross domestic product (GDP) currently. The government of Malaysia has launched The National automotive policy(‘NAP2020’). Under the NAP 2020, the government is targeting to grow that to 10% of GDP by 2030.

Malaysia Introduces Enhanced Auto Industry Incentives to Encourage Expansion among Local Firms, the government, through the Malaysian Investment Development Authority (MIDA), has evaluated and approved tax incentives valued at MYR 4.6 billion (USD 1.12 billion) involving 13 automotive projects since 2014. The extended and enhanced incentive is currently opened for application until 1 December 2025.

Thus, these government policies are helping the automotive industry in Malaysia.

conclusion

The rise of the middle class, an increase in the number of automotive finances, and government providing all contribution to the expansion of the automotive financing sector in Malaysia in recent years. Demand has been spurred by rising disposable income and middle-class desires to buy cars, while low interest rates have reduced the cost of auto ownership. The government's actions and policies will allow the automotive sector to flourish even more, which will help Malaysia's economy succeed.

ePLDT – The Company Behind Transformation of the Philippines Data Center Market: Ken Research

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ePLDT (Philippines Long Distance Telephone Company) is the ruler of fully integrated telecommunications and digital services in the Philippines with a significant market share. To expand its market share even more the company is all set to launch its 12^th data center facility in the country.

STORY OUTLINE

• ePDLT is the largest player in the Philippines data market center with a total of 10 data centers throughout the country. And with the 11^th facility that’s going to be functional by 2024.
• In addition to that the company has announced its 12^th and largest data center in the country with a capacity of 100 MW.
• ePDLT is the leading company in the data center market of the Philippines with a revenue of 214 Mn that’s around more than half of the market share.

ePLDT Leading Player in the Philippines Data Center Market

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According to Ken Research, ePLDT is the main provider of digital transformation services to Philippine businesses. Through its portfolio of Multi-Cloud and Data Centers, ePLDT intends to supply customized ICT services that will help businesses realize their vision for digital transformation by using the knowledge and top-tier telecommunications infrastructure of the PLDT Group.

• ePLDT is a subsidiary company of the Philippine Long Distance Telephone Company (PLDT).
• Supported by the Top-notch telecommunication infrastructure, experience, and expertise of the PDLT group, ePDLT aims to boost the Philippines’ economic growth by assisting local businesses to embrace digitalization through different data center solutions and innovative cloud.

The company was launched in the year 2001, Currently the company has a strength of 7000 employees all over the Philippines.

1. ePLDT has emerged as the leading firm in the Philippines data center market since its launch

ePLDT has the highest number of data centers in the Philippines. As of now, the company has a total of 10 data centers all over the country.

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• ePLDT’s President & CEO Victor S. Genuino has recently announced that the company is going to open a 12^th data center facility in the country.
• Genuino conveyed that its 12^th data center will have a capacity of 100MW. Through this new center, the company aims to increase its market share.

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2. By identifying the potential trends and strategies of the market, ePLDT emerged as a leading player

• ePLDT recognized the developing demand for data center services within the Philippines and entered the market at the correct time (2001), it picked up a competitive advantage over other companies.
• Building solid associations with worldwide data center suppliers or technology companies permitted a local firm like ePLDT to get to advanced innovations, framework, and best hones, hence improving its data center offerings.
• ePLDT contributed altogether to growing its data center infrastructure to meet the increasing demands of businesses for dependable and secure data capacity and handling solutions.

3. Support of PLDT (Its parent Company), enabled ePLDT to face market changes and obstacles

Continuous backing from the PLDT helped ePLDT to achieve its aims and objectives. As a result, ePLDT is the largest shareholder in the data center market with a 65% market share.

• With support from PDLT, ePDLT has managed to surpass its competitors like Globe Telecom, Total Information Management, PHOCOLO, and Beeinfotech.

• At the moment, it owns 10 globally certified VITRO data centers all over the Philippines and provides a total rack capacity of around 10000.

4. Competitive edge over its rivals

Out of a total of 26 data centers in the country 10 are owned by ePDLT. This shows the monopoly of ePLDT in the data center market.

• A total of 10 companies are active in the Philippines data center market but none has a base as strong as ePDLT.
• Currently, ePDLT has holds a major portion of the market value of data center which is around 65% of the total market.

CONCLUSION

ePLDT, as a subsidiary of the Philippine Long Distance Telephone Company (PLDT), has risen as the overwhelming player within the Philippines data center market over the years. By capitalizing on the developing demand for data center administrations and entering the market at the correct time, ePLDT secured a competitive advantage. The company's key associations with worldwide data center suppliers and the backing of PLDT empowered it to access advanced innovations and extend its data center framework, meeting the expanding needs of businesses for dependable and secure data capacity solutions.

With its broad portfolio of Multi-Cloud and Data Centers, ePLDT has gotten to be a key supplier of digital transformation services to Philippine businesses. Owning the highest number of data centers within the country and a showcase share of 65%, ePLDT holds a commanding position within the industry, altogether outperforming its competitors. As the company plans to dispatch its 12th data center office, ePLDT's commitment to development and customer-centric solutions is anticipated to assist strengthen its market authority and continue driving the Philippines' economic development through digitalization.

Indonesia’s Auto Finance Industry is expected to reach US$ 54 Bn by 2026 : Ken Research

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Indonesia’s auto finance Industry is steered through adoption of modified vehicle ownership attributes, monetary policies, surging automotive demand, and an assured future for e-vehicles. The market is bounteous with players like Mitsubishi Lease and Finance, Suzuki Finance Indonesia, Toyota Astra Finance, Daihatsu, Honda, and many more.

Story Outline

• Constant economic growth of Indonesia leading to higher disposable income and consumer spending.
• Due to high inflation rate of 4% and average annual income of 9870 USD, people of Indonesia are considering buying Auto financed Used cars to satisfy their need for a personal vehicle.
• The current Internet Penetration rate of Indonesia with 234 million current active users is helping car dealers in getting potential buyers on board.
• EV market is ready to explode and be the future of the Automobile industry, with government support, having more than 22% of world’s nickel deposits and Indonesia’s auto Finance Industry which will make E- Vehicles an easy option for customers to consider while buying Automobile

The Indonesia’s auto finance Industry, which is growing at an estimated  CAGR of 5-7% every year, is being driven by expanding digital advancements and an increase in finance aggregators. Indonesia's economy, which had a GDP of USD 1.19 Tn as of FY21 and a population of 277.43 million, grew at a CAGR of 4.3% from FY12 to FY22.

1. Consistent economic growth leading to high consumer spending benefitting Indonesia's Auto Finance Industry.

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The statistics here show the year-to-year GDP growth of Indonesia. As compared to 2021, the GDP of Indonesia grew by 5.31% in 2022. Indonesia continuous economic growth has led to upsurge in consumer spending and higher disposable incomes. As a result, Indonesia’s Automotive Finance Industry is showing promising growth.

As the population of Indonesia is constantly growing with approx. 277.43 Mn current population, which is leading to increased demand for personal vehicle. Indonesia’s Auto Finance Industry is providing an affordable and hassle-free solution to this rise in demand for personal vehicles.

Indonesia is the 15^th largest country by total area and has the 4^th largest population in the world. The Industrial sector is the largest contributor to Indonesia's GDP, between 2022-2023 the industrial sector of Indonesia contributed around 45% to its GDP.

As a result of this rapid population growth, the Indonesian automotive finance industry is expanding consistently at an estimated rate of 5-7% every year.

2. Used car market attracting more audience, providing affordable an option to consumers.

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The stats show the total number of vehicles sold in Indonesia from 2013-2022. Total vehicles sold in 2021 were 887,206. Out of these total vehicles sold in 2021 it is noted that 51% of these were new ones and 49% used vehicles were sold.

The inflation rate in Indonesia for 2022 was 4.3% and as of June it was calculated 4%. Also, the average annual income of Indonesia is around 9870 USD as of May 2023; these factors are the reason that people of Indonesia are considering to buy an used vehicle through auto financing to satisfy their need for a personal vehicle.

Nowadays, Automotive Financing is not only confined to only new vehicles; it also encompasses the financing of pre-owned cars, which attracts a different segment of buyers. People along with combining the benefits of auto finance options find it affordable to buy used vehicles to satisfy their need of a personal vehicle.

3. High internet penetration rate helping car dealers to find potential buyers.

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The number of internet users in Indonesia was projected to grow steadily by around 37 million users (16 percent) between 2023 and 2028. The current number of active users are 234 million and in 2028 total users are estimated to be 270 million. It is worth noting that the number of Internet users has grown steadily in recent years.

An estimated 36% of car dealers report that they focus exclusively on the Internet and online advertising for their vehicles. In addition, social media is also a tool that many individuals and car dealers are exploring. About 9% of dealers use Facebook and Instagram to promote their car inventory and connect with potential buyers.

The emergence of online car classifieds portals like Carmudi, Mobil88 and OLX has simplified the used car industry in the country. The market is more transparent and buyers have a wide range of brands and models to choose from in the comfort of their own home.

4. Is it all? No. Indonesia's is ready to explode in coming years, with government support and nickel abundance.

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Indonesia's EV market is valued at approx. $533.19 million in 2022. The size of the electric vehicle market is planned to grow at a considerate level, with the help of Auto Financing option People are finding it easy to buy vehicles in their budget with easy auto financing options.

With more than 22% of the world's nickel deposits Indonesia becomes the largest nickel producing country in the world by producing 8,00,000 tons of nickel in 2019. The largest nickel production sites are located in provinces of Central Sulawesi, Southeast Sulawesi, North Maluku, Kalimantian and Papua

Indonesia has created an ideal investment environment for electric car manufacturers. Indonesia's electric vehicle industry has been included in the government's latest priority investment list. Advantages such as share ownership and many tax incentives attract investors from all over the world.

Increase in demand of EV will help Indonesia Financial Industry to grow at a major level as environmental awareness is increasing day by day among people and buying an EV vehicle for an average salaried employee will be difficult which will directly make people switch to Auto Finance option.

Conclusion

Consistent economic growth, high internet penetration rate, growth of used vehicle consumer, and EV Market; is helping the Indonesia Auto Finance Industry to bloom and the industry is helping consumers to satisfy their personal vehicle need with affordable options. With a growing estimated CAGR of 5-7% every year; Indonesia auto finance market still needs to take care of constant rise in GDP and growth of EV market in coming years.

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Indonesia Auto Finance Market

How Australian Logistics Market is projected to drive country’s growth in 2023?: Ken Research

 Australia has always been a leading driver when it comes to adopting technological advancements. More than 600 logistics tech start-ups are developing in the country for faster transportation.

Government supports the logistics market intensely through their policies such as National Freight & Supply Chain Strategy which aims to ensure smooth transportation, along with technological advancements which include AI, Internet of Things (IoT) technology, drones, robotics which facilitate the process & reduce chances of accidents, thereby making it easy for the logistics market to grow.

Story Outline

• Government investment in infrastructure like Thriving Suburbs Programme is driving growth in freight forwarding revenue despite seeing a decline in 2022-2023.
• Logistics market in Australia is leveraging advanced technologies like AI, robotics and blockchain to improve efficiency, reduce accidents and enhance operational effectiveness.
• Australia’s active participation in international trade with significant portion of economy dependent on trading & foreign direct investment, highlights the importance of logistics industry in facilitating growth & connectivity.

1. Government’s Increased Infrastructure Drives Growth in Freight Forwarding Revenue

Recent trends suggest that government has increased the expenditure levels on infrastructure. In the Thriving Suburbs Programme, there has been an investment of $200 million where the investment is made for urban & suburban community infrastructure. Revenue for rail, sea & freight forwarding revenue has seen an annualized 1.1% increase over $11 billion dollars, despite a 0.6% decline in 2022-2023.

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2. Technology constantly transforming the Logistics Market in Australia

Logistics market in Australia is utilizing various technological advancement which includes AI, Robotics, Blockchain amongst other technologies. Many Asia-Pacific countries use a form of Internet of Things technology (IoT), IoT applications for inventory management, warehouse management, order management etc. Tools like AI & Machine Learning play a key role in recognizing the next steps towards increasing functionality in the region. More than a quarter of countries plan to invest in technology like drones (33%), robotics (30%), artificial learning & machine learning (29%). Using technologies will help seize opportunities, create competitive advantage and improve operational efficiency.

According to Ken Research, the Australian logistics market is adopting these technologies at a similar rate of 20 to 30 per cent to ensure an efficient process, reduce accidents & ensure that the work force is adequately trained to use these technologies.

3. NFSCS Policy for the Best Logistical Solutions for Australia

For the first time in 20 years, Australia government along with the inputs from the industry devised a multimodal freight strategy for:

• smarter & targeted infrastructure
• enabling improved supply chain efficiency
• better planning, coordination & regulation
• locating freights & performance data in a better way.

What National Freight & Supply Chain Strategy aims to achieve: safe, secure & sustainable operations, innovative solutions to meet freight demands, an adaptable & skilled workforce, a fit for purpose & regulatory environment.

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Various government policies like NFSCS, Special Economic Zones & 17 Free Trade Agreements (FTAs), increased use of technology to ensure smooth logistics process; these practices ensure that logistics across various sectors in Australia grows positively.

4. Australia’s Contribution in International Trade & Logistics in 2022

Australia is a major player in international trade market with 45% of Australia’s economy dependent on trading, with services & digital trade established as major areas of growth. Foreign direct investment (FDI) has grown by approximately 7% in the last decade & has now topped A$1 Bn dollar in the last decade & have attracted A$472-billion-dollar trade in 2021-22. The constantly evolving logistics industry ensures that the necessary goods are transferred across the international market which facilitates the country’s economic growth.

Keeping all these factors in mind, it can be said that Australia’s constant commitment to adopting technological advancement, seen through the emergence of over 600 logistic start-ups. This ensures faster & smooth transportation process. As there is sudden increase in users of ecommerce platforms and seeing Australia’s contribution in international trade, the constantly evolving logistics market can ensure economic growth & seamless global connectivity.

How is the Singapore Freight Forwarding Industry making a global impact? : Ken Research

 Singapore Freight Forwarding market is a dominating pillar in the Singapore Industry, with 2400 companies currently giving mostly sea and road freight services in and out of the country, with currently generating $16 Bn and planning for technological automation, digitization, global trade network expansion, for it is expected to grow at ~8% by 2028.

STORY OUTLINE

• Singapore Freight market is currently rising its mode of shipment by road, improving technologies and expected to digitize the infrastructure in the coming years.
• Sea Ports have been playing a major role in flourishing a smooth Sea Freight shipment.
• International and Domestic Freights are increasing their shipment capacity, with help from the digitized infrastructure.

According to Ken Research, Singapore Freight Forwarding market is playing a big role in the maximum amount of shipment done both domestically and internationally, with maximum sea freights and road freights, constantly marking a growth annually.

• From technological advancements, digital modification of the technologies to E-commerce improvement and expansion of the extensive network of global trade agreements, are paving the ways for future growth.

Currently, with the No-Land border agreement with neighboring countries like Malaysia, Thailand, China and Vietnam, Singapore is extensively regulating imports and exports, from and to those countries.

• With the modernization and upscaling of workers by providing them with more jobs, the Freight market is making their mark in proficiently upgrading their sectors with both automated devices and proper man power.

1. Singapore Freight market is currently rising its mode of shipment by road, improving technologies and expected to digitize the infrastructure in the coming years.

Singapore Global Cold Chain Solutions Industry

• Singapore Freight Forwarding market is rapidly enhancing its technologies, digitizing and automating them, enabling the essential freight forwarders to improve the operations, meeting the customer needs, safety and security of the goods delivered etc.
• The Government, uses ~5% from the in order for the proper building and maintenance of the infrastructure, development with proper 5G connections and digitization technologies, providing a future prospect for betterment.
• With trucks carrying more than 16,000 kg of commodities including agricultural products, livestock, textiles, footwear, electric equipment and food items, acquiring a 8% of the total revenue generated through the Freight industry. With the coming years, more number of Trailers (10 and 20FT), Heavy Trucks (>20T), and Light trucks are incorporated, so as to expand the shipment on a broader area.

2. Sea Ports have been playing a major role in flourishing smooth and secure Sea Freight shipment.

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• With major players like T Freight Forwarders, Cosco Shipping (Singapore) Petroleum Pte Ltd., PSA International, Pacific International Lines majorly operating internationally and domestically, are constantly improving their number of ships. At the present times, there are 1100 vessels, with another 1410 vessels to dock at the port in the coming time.
• On September 2022, the Prime Minister of Singapore, Lee Hsien Loong, has opened the initial phase of the Tuas Port, which was promised in the early 2012. Three more phases remain to fully complete this port, which once completed will be globally the largest fully automated port, with artificial intelligence, machine learning, better sensors, will allow the proper coordination and geotracking of even the vessels.
• One of the major goal for this port is sustainability. The main moto was to make a singular location for the movement of all vessels and containers in order to greatly decreasing Green House Gas (GHG) emissions and reduce ship traffics. This enables more engagement towards shipment and become a centralized location globally.

3. International and Domestic Freights are increasing their shipment capacity, with help from the digitized infrastructure.

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• The International freight is dominating the market in terms of revenue, average volume carried, crossing 300 Mn Tons, annual or quarterly increase in the number of trucks and ships to achieve more shipment to be conducted. With major players like DHL, Kerry Logistics, etc. shipping agricultural goods, chemical and electronic products, they are expected to make their increase with the coming years.
• Currently, with the No-Land border agreement of Singapore with its neighboring countries, Malaysia, Thailand, Vietnam and China, high import and export is regularly maintained, growing the revenue with each new set of items exported to them. Only Malaysia is connected to Singapore by the Johor Singapore Causeway, which links the Johor Baru in Malaysia to the Woodlands in Singapore. This causeways serves as one the daily commutes passageway across border, with 350,000 commuters listed every day and also serves as one of the major water pipeline between the two countries.
• Due to this agreement and with addition to the Free Trade Agreement with other countries, the freight sectors are coming up with advancements and faster coordination due to digitization of technologies. Now they will be able to keep track of the shipment and navigate the data with the shipment.

CONCLUSION

According to this article, Singapore Freight Market is consecutively making successful upgradation to its process, with a rise of 2.5% annually, they are rising steadily to the top. Once Tuas Port becomes fully operational, it will be able to handle 65million TEU (Twenty foot equivalent units), which will be more than the globally No.1 sea port in Shanghai, which can handle 60 million TEUs. With more successful advancements in technologies, government initiatives and digitization of infrastructure, the Singapore Freight market will grow exponentially by 2028.

Beyond Labels: Global, Middle East & KSA In-Mold Labeling Market - Pioneering Aesthetics, Sustainability, and Cost-effectiveness: Ken Research

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With a rising inclination towards visually appealing no-label looks, businesses are embracing the innovative approach of in-mold labeling. This technique not only enhances product appearance but also promotes environmental sustainability and cost efficiency. As the market witnesses a paradigm shift, it becomes imperative to delve deeper into the driving forces behind its evolution.
To understand the growth story and explore the immense potential of the Global, Middle East, & KSA In-Mold Labeling Market, read more.

1. The global IML market grew by 2% since 2019; Europe leads the global IML market in 2022 owing to rising awareness on IML grades and molding technologies

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2. Moreover, Sheetfed Printing Market in Middle East, which was highly import driven, turned domestic in last few years to diversify their investments beyond oil and reduce their dependency on packaging imports

3. F&B segment, especially dairy, generates a huge demand for IML printing packaging; In Middle East and KSA, F&B and Industrial demand can be an opportunity for any new entrant in the market

4. In the middle east, in-Mold labeling has seen gradual adoption in the market over the last two decades for several reasons like reduced overall manufacturing costs, market differentiation in graphics capability, etc.

5. Al Ghurair made a recent venture into IML with the induction of a Heidelberg XL 106-10P in order to promote domestic printing services for the IML industry

6. Recent investments, Global industry growth and Covid-19 are the recent trends observed in the middle east sheet fed in mold labelling market

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

• Indonesia Plastic Pipes Market Outlook to 2027 Driven by increase in housing, high rise real estate development and establishment of new capital city in Indonesia
• India Smart Water Management Market Outlook to 2027F Driven by growing end-user consciousness and government investments in technology
• Brazil Plastic Pipes Market Outlook to 2027F By PVC Pipes (Plain/Vinyl PVC Pipe - Hydraulic PVC and Sanitary PVC, CPVC and MPVC), HDPE Pipes (Corrugated HDPE and Solid Wall HDPE), By End User Applications (Infrastructure, Irrigation, Sewer, Mining, Water Distribution and Others)
• Australia Plastic Pipe Market Outlook to 2027F Segmented By PVC, PE and Others Pipes, By Organized and Unorganized, By Regions and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)
• China Plastic Pipe Market Outlook to 2027F By PVC, PE and Others Pipes, By Organized and Unorganized and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)

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Global, Middle East, & KSA In-Mold Labeling Market