What is the Size of China Car Finance INDUSTRY? : Ken Research

 China Car Finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Car Finance Market is largely driven by to the rise in sale of cars, Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of new and used cars in China. Technological advancement, need of owning a personal Car and the need to upgrade to newer models are major growth drivers for China's Car Finance Market. With changing consumer preferences and preferred car models offered by companies, consumers are shifting towards car financing models to maintain their financial stability and own a car that can be easily financed over longer and shorter term EMI.

Internet penetration has played the most crucial role in elevating the overall demand for used cars across China, which has ultimately elevated the demand for used car financing as well. Over the long term, excessive investments in autonomous vehicles, as well as prompt financing from dealers, banks, and credit unions, will likely contribute to the automotive financing market's growth. China's expanding middle class has been a significant driver of car finance growth. As more individuals join the middle class, their aspirations for car ownership increase. Car finance allows them to purchase vehicles without depleting their savings, thereby fueling the demand for car loans.

To learn more about this report Download a Free Sample Report

China car finance market by type of vehicle

The China Car Finance market is segmented By type of vehicle into New Car, and Used Car.New car category is the dominant segment in market in 2022.This is primarily due to the increasing demand for new vehicles in China, driven by factors such as rising disposable income, changing consumer preferences, and government incentives for new car purchases. New car financing options are often more readily available and may come with attractive interest rates and promotional offers from both banks and automakers. Additionally, the growing middle class and the desire for the latest models contribute to the dominance of the New Car segment in the car finance market.

Visit this Link: – Request for custom report

China car finance market by lender

The China Car Finance Market is segmented By lender into NBFCs, Universal and Commercial Banks and Captives. Commercial banks dominate this segment in 2022 as they have a strong presence and extensive branch networks across China, making them easily accessible to a wide range of consumers. They typically offer competitive interest rates, established credibility, and a variety of financial products and services. The trust and familiarity associated with commercial banks, along with their ability to provide comprehensive banking solutions, give them an advantage in capturing a significant share of the car finance market in China.

China car finance market by region

The China Car Finance Market is segmented By Region into North/East/West/South/Central.The East region is the dominant region in 2022, which includes major cities such as Shanghai and Beijing, has a high level of urbanization, strong economic development, and a large population. These factors contribute to a higher demand for cars and car financing options. Moreover, the East region tends to attract more investment and has better infrastructure, making it an attractive market for both lenders and borrowers.

Request free 30 minutes analyst call 

Competition scenario in china car finance market

The car finance market in China is highly competitive, with several players vying for market share. Key competitors include commercial banks, specialized auto financing companies, captive finance arms of automakers, and online lending platforms. These competitors differentiate themselves through factors such as interest rates, loan terms, customer service, digital capabilities, and partnerships with automotive dealerships. The market is witnessing increased innovation and technological advancements, with the emergence of digital platforms and mobile applications offering convenient loan application processes. Additionally, players are focusing on developing customized financing solutions tailored to the specific needs of different customer. The competition is driving the market to constantly evolve and improve its offerings to attract and retain customers in this dynamic and rapidly growing industry. Key major players include are Huishang Bank, Bank of Xi'an, Caixa bank, Chery HuiYin Motor Finance Service etc.

What is the expected future outlook for the overall china car finance market?

The China Car Finance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The China Car Finance market is driven by economic growth, urbanization, EV adoption, fintech advancements, shared mobility, policy support, credit infrastructure, and changing consumer attitudes.China's urbanization trend is expected to persist, with more people moving to cities. This will create a greater need for personal transportation, including cars. As urban areas develop and transportation infrastructure improves, the demand for cars and car financing is likely to grow. China has been actively promoting electric vehicles as part of its efforts to reduce pollution and dependence on fossil fuels. The government has implemented various incentives, subsidies, and regulations to encourage EV adoption. As more consumers choose electric vehicles, there will be a need for specialized EV financing solutions, presenting opportunities for growth in the car finance market.

Fintech innovations, such as online lending platforms, mobile payments, and digital banking, are expected to play a significant role in the future growth of the car finance market in China. These technologies can streamline the loan application process, enhance accessibility, and provide customized financing options, making car financing more convenient for consumers. The concept of shared mobility, including car-sharing and ride-hailing services, is gaining popularity in China. This shift in consumer behavior could lead to increased demand for fleet financing and innovative financing models tailored to shared mobility providers. The Chinese government has been actively supporting the automotive industry through policies and regulations. Continued support, such as tax incentives, subsidies, and favorable lending regulations, can further stimulate the growth of the car finance market and encourage financial institutions to provide attractive financing options to consumers.

China has been working on enhancing its credit infrastructure and credit scoring systems. A robust credit infrastructure allows lenders to make more accurate assessments of borrower risk, expanding access to car financing for a broader range of consumers. As credit systems continue to evolve and become more sophisticated, it can positively impact the car finance market.

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

China Car Finance Market Outlook to 2028F

Related Reports By Ken Research:-

Mexico Car Finance Market Outlook 2027F

Philippines Auto Finance Market Outlook to 2027

Future Outlook of Germany Mattress Industry: Ken Research

 Buy Now

What Is The Size Of Germany Mattress Market?

Germany mattress Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Mn by 2027.  The Germany mattress market is growing at steady growth in recent years, reflecting a mature and competitive industry.  With the rising awareness among consumers about the significance of sleep health and its impact on overall well-being has fueled the demand for high-quality mattresses.  German consumers are increasingly seeking mattresses that offer comfort, support, and improved sleep experiences. As, the growing trend of home improvement and interior design has contributed to the market's growth.

Consumers are willing to invest in premium and technologically advanced mattresses to enhance the aesthetics and comfort of their bedrooms. Additionally, advantage of the Germany mattress market is its robust infrastructure and distribution network, ensuring efficient product availability and delivery across the country. Also, the presence of established mattress manufacturers and retailers with a strong reputation for quality products enhances consumer trust and loyalty. Therefore, the Germany mattress market is experiencing growth due to increasing sleep health awareness, home improvement trends, and rising disposable incomes.

To learn more about this report Download a Free Sample Report

Germany Mattress Market By End User

The Germany mattress market is segmented by Residential and Commercial. In the Germany mattress market, most dominant segment in the market is the residential segment in 2022, this is due to the higher demand from households and consumers' increasing focus on comfort and sleep quality. The Commercial segment remains substantial, driven by growth in the hospitality and healthcare sectors, but its market share is relatively smaller compared to the Residential segment. As The Residential segment encompasses mattresses purchased for personal use in households, including bedrooms, guest rooms, and children's rooms.  Additionally, the trend towards home improvement and interior design has led consumers to invest in premium and technologically advanced mattresses to enhance their sleep experience.

Germany Mattress Market

The Germany mattress market is segmented by type of mattresses into Innerspring, Memory Foam and Latex. Among these, Memory Foam is dominant mattress in 2022. Due to several reasons, Memory foam mattresses have gained immense popularity among consumers in recent years due to their unique features and benefits.  The key factor driving their dominance is their exceptional ability to conform to an individual's body shape, providing personalized support and pressure relief. This feature is particularly appealing to consumers seeking superior comfort and a restful sleep experience. Provide a balanced sleep surface.  Furthermore, memory foam mattresses have been subject to continuous innovation and technological advancements, leading to the introduction of various memory foam variations such as gel-infused memory foam and plant-based memory foam.

Visit this Link: – Request for custom report

Germany Mattress Market By Region

The Germany mattress market is segmented by Region into North, South, East, West. In 2022, the region of North in Germany is known to manufacture a significant portion of mattresses and emerged as the dominant region in the Germany mattress market, due to the region's strong industrial base, well-developed infrastructure, and access to skilled labor. North is able to established mattress manufacturers, by making it a hub for mattress production in Germany.

Additionally, the region's location and efficient transportation links enable easy distribution of mattresses to various parts of the country and beyond, further enhancing its position as a major manufacturing center for mattresses.

Competition Scenario In Germany Mattress Market

The competition in the Germany mattress market is intense, with a mix of domestic and international players compete for market share. Established brands like Bett1, Emma, and Schlaraffia compete with online mattress-in-a-box companies such as Casper and Eve. This competitive landscape drives innovation, quality improvement, and customer-focused strategies, benefitting consumers with a wide range of mattress options.

Additionally, the presence of multiple players fosters competitive pricing, making mattresses more accessible to a broader consumer base and fueling market growth. Therefore, as companies strive to outperform their competitors, they invest in research and development, which leads to the introduction of new mattress technologies and materials, ultimately driving market growth and catering to the evolving needs and preferences of Germany consumers.

Request free 30 minutes analyst call

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

The Germany 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. Germany, mattress market growing gradually, driven by various factors and ongoing innovations, As the German economy continues to recover and consumer spending increases, the demand for mattresses is expected to grow. Additionally, the rising awareness of the importance of sleep health and well-being is leading to a higher willingness to invest in quality mattresses, contributing to market expansion.

One of the growth factors is the trend towards eco-friendly and sustainable products. Consumers in Germany are increasingly conscious of environmental impact, leading to a preference for mattresses made from organic and recyclable materials. Manufacturers are responding to this demand by introducing eco-friendly options, which is likely to drive market growth. This growing awareness is expected to drive the demand for premium and innovative mattresses, including those made from organic and eco-friendly materials.

Additionally, the rising disposable income of the German population is expected to fuel the demand for better living standards, including investments in quality mattresses. Moreover, Innovations in mattress technology are also shaping the market's future. Smart mattresses with features like sleep tracking, adjustable firmness, and temperature control are gaining popularity among tech-savvy consumers. These innovative offerings cater to individual sleep needs and contribute to the market's growth. Challenges for the Germany mattress market include intense competition, both from domestic manufacturers and international players. To stay competitive, companies are focusing on product differentiation and effective marketing strategies. Economic fluctuations and changing consumer preferences also pose challenges, requiring companies to adapt quickly to market dynamics.

Therefore, the future outlook for the Germany mattress market is optimistic, driven by factors such as increasing awareness of sleep health, eco-friendly trends, and technological innovations.

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

Germany Mattress Market

Related Reports by Ken Research:-

Oman Mattress Market Outlook to 2027F

Nigeria Mattress Market Outlook to 2028F

Future Outlook of Germany Car Finance Industry: Ken Research

 Buy Now

What Is The Size Of Germany Car Finance Market?

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

The car finance market in Germany car finance market has witnessed significant growth in recent years, reflecting the country's evolving economic landscape and consumer preferences.

With the help of the strong automotive industry in Germany, with renowned brands like Volkswagen, BMW, and Mercedes-Benz, drives the demand for vehicles among German consumers. As car ownership remains a popular choice, the need for car financing solutions has surged, contributing to the market's expansion.

Additionally, the German car finance market include a well-developed financial infrastructure and a competitive landscape of banks, financial institutions, and captive finance companies associated with automakers. This offers consumers a wide range of financing options, competitive interest rates, and favorable loan terms, making car ownership accessible to a broad spectrum of the population.

Moreover, the German economy's stability and low-interest rates create a favorable borrowing environment, encouraging consumers to consider car financing rather than an outright purchase.

However, the market also faces challenges. Regulatory changes and emission-related policies may influence consumer preferences and car models' demand. Additionally, the shift towards electric and hybrid vehicles poses challenges for the traditional car finance market, requiring institutions to adapt to the evolving landscape and offer financing solutions for eco-friendly cars.

To learn more about this report Download a Free Sample Report

Germany Car Finance Market By Type Of Vehicle

The Germany car finance market car finance Market segmented by New Car and Used Car in the Germany car finance market, most dominant segment in the market is the new car segment in 2022. In Germany, German consumers have a strong preference for new cars because they are associated with better reliability, advanced technology, and modern features. Owning a new car is often seen as a symbol of prestige and luxury, which appeals to the aspirational nature of buyers. Moreover, automakers and dealerships in Germany frequently offer special promotions, discounts, and manufacturer incentives for new car purchases. These marketing strategies further drive the demand for new cars and contribute to their dominance in the market.

Germany Car Finance Market By Category Of Lender

The Germany car finance market is segmented by type of lenders into NBFCs, Banks and OEMs.  Banks are the dominant lender in Germany car finance market in 2022.  Due to, they have extensive branch networks and customer relationships, making it convenient for consumers to access car financing services from their local banks. Moreover, banks have the financial capacity and expertise to handle lending transactions, including car loans, efficiently and responsibly. They can offer competitive interest rates and flexible loan terms, attracting a significant number of borrowers. Furthermore, additionally, banks often collaborate with car dealerships and automakers, providing seamless financing options directly at the point of sale. This close collaboration between banks and the automotive industry further solidifies banks' position as preferred lenders for car loans.

Germany Car Finance Market By Region

The Germany car finance market is segmented by Region into North, South, East, West, central. In 2022, south region, emerged as the dominant player in the Germany car finance market car finance market.  In 2022, he south region of Germany is home to some of the country's most influential and economically powerful cities, such as Munich and Stuttgart. These cities are major hubs for the automotive industry, hosting headquarters and production facilities of renowned car manufacturers like BMW, Audi, and Porsche. The presence of these automotive giants has created a strong ecosystem of suppliers, dealerships, and related businesses, making it easier for financial institutions to establish partnerships and networks.

Additionally, furthermore, financial institutions have recognized the potential of the south region and strategically focused their marketing and sales efforts in this area. Tailored advertising campaigns and localized customer service have helped build strong brand presence and customer loyalty. Therefore, the south region's dominance in Germany's car finance market is attributed to the strong automotive industry presence, a financially stable population, excellent infrastructure, and targeted marketing strategies by financial institutions.

Visit this Link: – Request for custom report

Competition Scenario In Germany Car Finance Market

The Germany car finance market is fiercely competitive, with multiple players striving to capture a share of the rapidly growing automotive financing sector.

Both domestic and international financial institutions have recognized the potential in this market, leading to intense competition.

Among the major players are the leading German banks, such as Deutsche Bank, Commerzbank, and DZ Bank, which offer comprehensive car finance solutions to cater to the diverse needs of consumers. These banks leverage their strong brand presence, extensive branch networks, and established customer base to attract clients seeking reliable and traditional financing options.

Among the major players are the leading German banks, such as Deutsche Bank, Commerzbank, and DZ Bank, which offer comprehensive car finance solutions to cater to the diverse needs of consumers. These banks leverage their strong brand presence, extensive branch networks, and established customer base to attract clients seeking reliable and traditional financing options.

Additionally, with such a diverse array of players, the Germany car finance market remains highly competitive, driving continuous innovation and customer-centric offerings to attract and retain a significant market share in this dynamic industry.

Therefore, the car finance market in Germany remains highly competitive, with several key players vying for market share. The landscape is continually evolving, driven by factors such as changing consumer preferences, advancements in technology, and economic conditions. While established players like Volkswagen Financial Services and Mercedes-Benz Bank continue to dominate the market due to their strong ties with automotive manufacturers and well-established brand presence.

Request free 30 minutes analyst call

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

The Germany 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 car finance market in Germany has been experiencing significant growth and evolution due to various factors. One of the primary growth drivers is the strong presence of the automotive industry in the country.

Germany is home to some of the world's leading car manufacturers, including BMW, Volkswagen, Mercedes-Benz, and Audi. This has created a robust demand for car financing options, especially with the popularity of premium and luxury vehicles.

Moreover, the country's stable economy and relatively high disposable income levels among the population have contributed to increased car ownership rates.

Moreover, Innovations in the car finance market have played a crucial role in attracting customers and streamlining the financing process. Digitalization and fintech advancements have revolutionized the industry, enabling online applications, instant approvals, and convenient payment options.

Additionally, the shift towards electric vehicles (EVs) had a potential impact on the car finance market. Germany, like many other countries, was experiencing a growing interest in sustainable transportation. As the EV market continued to mature, it was expected that financing options for electric cars would become more prevalent, driving additional growth in the car finance sector.

Despite the growth and innovations, the car finance market in Germany also faces several challenges. One key challenge is the increasing competition among financial institutions.

 With numerous banks, automotive finance companies, and fintech startups vying for market share, maintaining profitability and offering competitive interest rates can be challenging.

However, the car finance market in Germany is expected to continue evolving, driven by advancements in technology and shifting consumer preferences. Sustainability and eco-friendly initiatives may influence the market, leading to increased demand for electric vehicles and related financing options.

Therefore, the expected future outlook for the overall Germany car finance market was positive, with continued growth anticipated due to low-interest rates, digitalization, and the push for sustainable transportation. However, potential challenges such as economic uncertainties and shifts in consumer behavior should be closely monitored.

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

Germany Car Finance Market

Related Reports by Ken Research:-

Mexico Car Finance Market Outlook 2027F

Nigeria Car Finance Market Outlook to 2027F

KSA Dental Service Market is expected to reach $3 Bn by 2027: Ken Research

 Buy Now

With constant changes in lifestyle, rapid advancement in technology & increased awareness of personal grooming & self-care, the dental service market is projected to record a growth of about $3 BN in 2027

Saudi Arabia’s population is gaining awareness on the importance of oral healthcare & hygiene. Combining this with the scenario where government is making constant investment & efforts to make sure that Saudi & non-Saudi residents get access to high quality infrastructure, with cost-effective healthcare facilities.

Story Outline

• Population growth in Saudi Arabia includes both Saudi nationals & foreign residents has increased, leading to increased demand for dental care. It has grown by 8.2 million since 2010, with significant portion of individuals younger than 30 years old.
• Saudi Arabia has demonstrated commitment towards healthcare expenditure & local workforce participation in the dental industry. Additionally, a minimum wage for dentists is established & efforts are made to reserve 60% of seats for Saudi nationals.
• Demands for cosmetic dentistry is growing due to increased awareness. The market size for cosmetic dentistry is expected to grow with the changing lifestyles & a focus on self-care is contributing to this trend.
• According to Ken Research, the KSA Dental Service Market is expected to reach $3 Bn dollars by 2027, due to rising oral health problems & inclination towards good looks.

1. Population Growth in Saudi Arabia Drives Increased Demand for Dental Care

Saudi Arabia Oral Healthcare Challenges

In 2022, Saudi Arabia’s population hit 32.2 million. Out of which 42% population consists of foreign nationals, 63% of the population is under 30 years of age.

1. When compared with 2010, the total population has increased by 8.2 million (34.2 per cent), out of which the population of Saudis have increased by 4.8 million (33.8 percent) & the number of non-Saudis has increased by 3.5 million (34.7 percent). When there is an increase in population, there is automatically an increase in the need for dental & other healthcare-related services. This includes routine-check-ups, treatments & cosmetic procedures for the increasing population.

2. Saudi Arabia’s Workforce Participation towards Accessible Dental Care

Saudi Arabia government has announced a minimum wage of SAR 7000 dollars (1860 US Dollars) for dentists in private practice. They also aim to reserve 60% of jobs for the Saudi Nationals & increase their participation in the market. More dentists mean, there will be easy access to dentalcare for everyone & students who are born in Saudi can contribute towards their country’s growth.

According to Ken Research, the KSA Dental Services market is striving towards growth, as they have increased the expenditure on healthcare two-fold, between 2019 and 2022. As a result, the dental market registered a 6.1% growth rate in 2022. Along with that, the citizens are provided free access to all levels of healthcare which is directly funded by the central government.

3. Growing Demand for Cosmetic Dentistry in Saudi Arabia

To learn more about this report Download a Free Sample Report

Increasing awareness about oral hygiene, increasing income of the population, dental tourism & use of technology is leading to increasing demand for cosmetic dentistry market in Saudi Arabia. Cosmetic dentistry involves teeth whitening & implants which can be utilized by beauty or preventive/restorative care at hospitals & dental clinics & dental & research institutions get to study this phenomenon.

In recent years, cosmetic dentistry market in Saudi Arabia is evolving, due to changing lifestyles & increasing focus on appearance and self-care. As the awareness around oral hygiene & increased role of technology towards cosmetic dentistry increases, the cosmetic dentistry market will continue to rise in future.

4 Saudi Arabia’s Rise as a Premier Destination for Medical Tourism

Visit this Link: – Request For Custom Report

Saudi Arabia has emerged as a country with an immense potential for becoming an international medical tourism hub with its state-of-the-art infrastructure & facilities which have received international accreditation.

In 2022, there were 27,181 dentists who are working across different professional lines of dentistry The affordability in treatment made Saudi Arabia, a popular spot when it comes to seeking latest dental treatment & also encouraging students to pursue dentistry in universities.

Conclusion

Saudi Arabia’s population is driven by the growth of Saudi Nationals and foreign residents, a factor which significantly contributes to increasing demand for dental care. Saudi Arabian government has made substantial investment when it comes to healthcare & policies which encourage the local workforce to take up dentistry. With an increased demand in cosmetic dentistry, coupled with the country’s emergence as a destination for medical tourism, it highlights Saudi Arabia’s commitment to provide dental & healthcare services towards overall economic development of the country.

Bahrain Car Finance Market Report, Size, Growth, Analysis: Ken Research

 Buy Now

What is the Size of Bahrain car finance market?

Bahrain car finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027.  The car finance market in Bahrain market has witnessed significant growth in recent years, reflecting the country's evolving economic landscape and consumer preferences.

The country's growing economy, increasing urbanization, and rising disposable incomes have led to a higher demand for personal and commercial vehicles. As more individuals and businesses seek car ownership, the need for car financing solutions has surged, driving the market's expansion.

Additionally, Bahrain car finance market is growing due to the availability of competitive interest rates and flexible loan terms offered by various financial institutions.  Also, advancements in technology have streamlined the loan application process, making it more convenient for consumers to access car finance services.

However, the market also faces challenges. Economic fluctuations and changes in regulatory policies can impact consumer sentiment and credit demand, influencing market dynamics. Ensuring proper credit risk assessment and managing non-performing loans are some of the challenges financial institutions face in the car finance market.

Despite the challenges, the Bahrain car finance market benefits from a stable and well-regulated financial environment, strategic location as a regional business hub, and an increasing interest in vehicle ownership.

For more information, request a free sample Report

Bahrain Car Finance Market By Type Of Vehicle

The Bahrain car finance Market segmented by New Car and Used Car.  In the Bahrain car finance market, most dominant segment in the market is the new car segment in 2022.

In Bahrain, consumer preference plays a significant role. In Bahrain, as in many other countries, there is a cultural inclination towards new cars as they are perceived to offer better reliability, advanced features, and the latest technology. New cars are often associated with status and prestige, influencing consumer decisions.

Therefore, dominance of the new car segment can be attributed to consumer preferences, financial incentives, and the perceived value of owning a new vehicle in Bahrain.

Bahrain car finance market by Category of lender

The Bahrain car finance market is segmented by type of lenders into, Bank, NBFC, Captives. Bank have been more dominant in Bahrain car finance market car finance market in 2022.  Due to, Bahrain has a well-established presence in the financial sector with a wide network of branches across the country. This extensive reach makes it convenient for consumers to access car financing services from their local bank branches.

Moreover, banks have a long history of providing various financial services, including loans and credit facilities. Their expertise in handling lending transactions and risk assessment enables them to offer competitive interest rates and flexible loan terms for car financing, attracting a significant number of borrowers.

Visit A link Request for Custom Report

Bahrain Car Finance Market By Region

The Bahrain car finance Market is segmented by Region into North, South, East, West, central. In 2022, north region emerged as the dominant region in the Bahrain car finance market. due to their higher income levels, greater economic development, and larger populations. These factors create an environment for increased car ownership and demand for financing options. Moreover, the presence of established financial institutions and automobile dealerships in these regions further bolstered the growth of the car finance market, solidifying their dominance.

Key Target Audience

• Banks and its Subsidiaries
• NBFCs
• Captive Finance Companies
• Government and Institutions
• Automobile Companies
• Car Dealers
• Government and Institutions
• Existing Car Finance Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Auto mobile Associations

Time Period Captured in the Report:

• Historical Period:FY’17- FY’22P
• Base Year: FY’22P
• Forecast Period: FY’22P – FY’27F

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

Bahrain Car Finance Market

The Global E-Commerce Logistics Market is anticipated to reach US$ 1 Tn industry by 2028: Ken Research

 Buy Now

The Global E-Commerce Logistics market is anticipated to grow at a CAGR of more than ~13% which would result in making it an approximately US$ 1 Tn industry by 2028 as per the findings of Ken Research.

STORY OUTLINE:

• E-commerce growth is a driving force behind the growth and expansion of Global E-commerce Logistics Market.
• Technological advancements such as AI, GPS, IoT, automated trucks and drones are boon for the growth of the Global E-commerce Logistics market.
• Customers demanding fast deliveries also act as a reason behind the growth of the Global E-commerce Logistics Market.
• Globalization accelerating the growth of the Global E-commerce Logistics Market.

A fast-growing industry, Technological advancements, E-commerce growth, and the demand for same-day/fast delivery by customers along with Globalization are the various factors contributing to the growth of the Global E-Commerce Logistics Market. This market is predicted to witness a CAGR of more than ~13% in the next 5 years.

1.E-Commerce growth: a driving force behind the growth and expansion of Global E-Commerce Logistics Market.

Interested to Know More about this Report, Request for a sample report

The growth of E-commerce is a major factor in the growth of E-Commerce Logistics. As more and more people shift towards adopting E-Commerce, this in turn also increases the demand for E-Commerce Logistics for transportation and warehousing purposes

China (with internet users ~73.1% of the population), United States (with internet users ~90.9% of the population), United Kingdom (with internet users 94.8% of the population), Japan (with internet users ~90.2% of the population), and South Korea (with internet users ~96.5% of the total population) are five of the strongest and biggest E-Commerce markets

One thing that is common among these 5 biggest E-commerce markets is that they have a high percentage of internet users. When people spend their time on internet, they also come across various E-commerce sites through which they place their orders. Additionally, Covid-19 also increased the reach of internet and online shopping.

As these markets are constantly expanding, and, since most of the population in various countries have an internet appearance. Thus, it is evident that more and more people are also shifting towards online shopping which naturally fuels the E-commerce logistics market

2.Technological Advancements in the economies: a boon for the growth of the E-commerce Logistics Market:

Technological Advancements such as AI automation, the Internet of Things, Real-Time analytics, GPS, and automated trucks and drones are known to boost the E-Commerce Logistics Market Growth

Artificial Intelligence is used by various global companies such as Coupa, Epicor, LivePerson,  Echo Global Logistics, etc. Epicor has Epicor Digital Assitant which helps user to interact with their enterprise resource planning systems. LivePerson uses AI in the form of a messaging platform. What makes this AI-enabled messaging platform different is that it gives B2B, B2C, HR, ITSM related solutions to various businesses. Echo Global Logistics uses AI to primarily automate carrier management and to work out shipping rates.

A global leader, Amazon, is a perfect example of the application of GPS technology in the logistics market. It uses GPS technology when it comes to delivering packages so that they reach the right location. Not only limited to that, GPS technology also helps Amazon in scheduling packages as to know which should be delivered first and in what sequence that helps in maximization resource utilization and cost minimization.

Just like AI, IoT technology is also used by many global companies within the logistics companies such as Maersk, Nippon Express, DB Schenker, DHL, etc

Maersk uses their special refrigerator-containers. This way they are not only tracking their routes but can also control the atmosphere inside the containers. DHL on the other hand uses IoT technology to manage their supply chain to get a better idea of their inbound and outbound logistics. Nippon Express partnered with Intel to develop an IoT (which is known as Global Cargo Watcher Advance) to track all of their shipments that demand quality control throughout.

Global logistics companies such as TuSimple, DHL, Kodiack Robotics, and Amazon, are known for using Automated Trucks and Drones. The trucks of these companies are equipped with radars and sensors through which they can communicate to other vehicles and can follow the pre-defined routes with pre-defined speeds.

3.Customers’ demands for having same-day delivery or the fastest possible delivery: a major reason for the growth of the global E-commerce logistics market:

Visit this Link :- Request for custom report

Customers demanding same-day delivery also play an important role in the growth of the global E-commerce logistics market. Global logistics companies such as FedEx, Amazon, United Parcel Service, DHL, UberRush, Stuart Delivery, etc. are known for providing fast deliveries and thereby accelerating the global e-commerce logistics market.

FMCG products such as Groceries, over-the-counter medicines, packaged foods, cosmetics, etc are some of the fast-moving products in the logistics market.

FedEx typically is known for delivering products between 1 to 3 business days, Amazon generally ships the orders anywhere between 1 to 2 days, DHL is known to deliver packages ranging from approximately 2 to 14 days, UPS at times delivers on the same day and within several days.

4.Globalization: Making the Global E-commerce Logistics market not only easy but better also:

It is needless to say how does Globalization contributes in the growth of Global E-Commerce Logistics Market. Nowadays, more and more businesses are going global to have wide reach in terms of global customers and compete with international competitors. This in turn, also increases the demand for the global E-commerce Logistics to ensure that the packages are delivered to customers in every corner of the world.

Some of the countries that are leading the Globalization index include Switzerland (with a globalization index of ~90.6), New Zealand (with a globalization index of ~89.0), Singapore (with a globalization index of ~83.2), Israel (with a globalization index of ~76.2), and Japan (with a globalization index of ~75.3).

With the advent of Globalization, the demand for cross border logistics has drastically increased which significantly has given a rise in the growth of Global E-Commerce Logistics Market because when businesses go global, they also have wide reach and global customers, and to deliver their packages in different parts of the world, a business needs requires E-commerce Logistics. Thus, globalization accelerates the growth of Global E-commerce market.

CONCLUSION

As per this research, there are many growth drivers of Global E-commerce Logistics Market. The growth of E-commerce, Technological advancements, Globalization and customers demanding fast delivery are some of the major factors that contribute towards the growth and expansion of Global E-commerce Logistics market. With all of these factors, it is anticipated, that the Global E-commerce Logistics Market is predicted to soon become a US$ 1 Tn. Industry by 2028.

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

 Buy Now

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.

Click to Read Full Article: Egypt Logistics Market

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.

To learn more about this report Download a Free Sample Report

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

 Buy Now

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

Request a Call with Expert to know more about the business model

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

To Know more about this Whitepaper, Visit this link:-

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.

To learn more about this report Download a Free Sample Report

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.

Visit this Link: – Request for custom report

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.

Request free 30 minutes analyst call

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.

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

Brazil Car Finance Market Outlook to 2027F

Related Reports By Ken Research:-

Mexico Car Finance Market Outlook 2027F

Oman Car Finance Market Outlook to 2027F

Australia Car Finance Market Outlook to 2028F

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.

To learn more about this report Download a Free Sample Report

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.

Visit this Link: – Request for custom report

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.

Request free 30 minutes analyst call

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

Related Reports By Ken Research:-

Oman Mattress Market Outlook to 2027F

Germany Mattress Market Outlook to 2027F

China Mattress Market Outlook to 2027F