5 Major Investment in KSA Seafood and Fish Feed Market: Ken Research

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Story Outline

• Government funds fuel KSA's seafood market growth with Vision 2030's 600,000-ton seafood production target.
• Foreign investments surge, like Marine Harvest's USD 120M fish farming project and Skretting's USD 200M fish feed factory.
• Private sector actively invests in KSA's seafood industry, with NAQUA and Saudi Fisheries leading the way.
• Investment funds, including SALIC, boost seafood projects for food security and domestic production.
• VC firms like Impact46 back innovative seafood startups, like "Fish Farm," advancing aquaculture and fish feed solutions.
• According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022.

The Kingdom of Saudi Arabia (KSA) has been an attractive investment destination for decades, thanks to its abundant natural resources, growing economy, and favorable business environment.  Recently, the seafood and fish feed market in the Kingdom has emerged as a potential magnet for both local and foreign investments.

This rising trend is fueled by various factors such as a burgeoning population, increasing per capita income, government-led initiatives, and a growing preference for healthier diets. To fully grasp the potential and depth of this market, it is crucial to understand the investment landscape. This comprehensive analysis uncovers the major investments in the KSA seafood and fish feed market and the entities driving them.

1.Government Investments towards Self-Sufficiency

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The Saudi government has been a leading investor in the country's seafood and fish feed market. As part of its Vision 2030, the government aims to produce 600,000 tons of seafood annually by 2030 to achieve significant self-sufficiency. This ambitious plan has attracted significant government investments in the aquaculture sector. The National Industrial Development and Logistics Program (NIDLP), under Vision 2030, has allocated a staggering SAR 5.3 billion (~ USD 1.41 billion) to the fisheries sector, including aquaculture and fish feed production. This initiative is expected to create 100,000 direct and indirect jobs in the sector, further demonstrating the government's commitment to developing a robust seafood and fish feed market.

2.Increasing Foreign Direct Investment in Seafood Sector

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The KSA seafood and fish feed market's potential hasn't gone unnoticed by foreign investors. In 2018, the Norwegian seafood company, Marine Harvest, announced an investment of USD 120 million to set up a fish farming operation in Saudi Arabia.  The investment includes a hatchery, fish farms, and a processing plant to cater to the rising demand for seafood in KSA and the broader Middle East.

Furthermore, in 2021, Skretting, a leading fish feed manufacturer from Norway, announced plans to invest USD 200 million in constructing a state-of-the-art fish feed factory in the Kingdom. Skretting's entry into the Saudi market is a strong testament to the lucrative prospects of the fish feed market, which is closely tied to the seafood industry's growth.

According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022 owning to influx of major investment, government vision 2030 and change in consumers preferences.

3.Private Sector Participation in KSA Seafood Sector

The private sector in Saudi Arabia has also recognized the growth potential in the seafood and fish feed market. Several private companies have invested heavily in various segments of this market, contributing to its rapid development.

For instance, the Jazan-based National Aquaculture Group (NAQUA), one of the largest aquaculture companies in KSA, has invested extensively in creating an integrated aquaculture system. This includes hatcheries, fish farms, and a feed mill with an annual production capacity of 50,000 metric tons of fish feed.

Moreover, the Saudi Fisheries Company, a public company listed on Tadawul (the Saudi Stock Exchange), has also invested significantly in expanding its seafood processing capacity and developing a high-quality fish feed portfolio.

 4.Investment Funds eyeing on KSA Fish Feed Industry\

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Investment funds are playing a significant role in shaping the KSA seafood and fish feed market. In 2020, the Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Public Investment Fund (PIF), invested USD 100 million in an offshore shrimp farming project in the Red Sea. This investment is part of a larger strategy to enhance domestic seafood production and promote food security in the Kingdom.

Furthermore, in 2021, the Saudi Investment Bank (SAIB) and the Arab Investment Company (TAIC) jointly launched a USD 400 million fund dedicated to investments in the food and agriculture sector, including the seafood and fish feed market. This initiative further underscores the significant investment potential of the market.

5.Venture Capitalists are backing Innovative Seafood Startups in KSA

Venture capital (VC) has emerged as a vital source of investment in the KSA seafood and fish feed market. Several startups in this sector have caught the attention of VC firms with their innovative solutions. One such example is Jeddah-based startup “Fish Farm,” which secured USD 1.5 million in seed funding in 2022 from the Riyadh-based VC firm, Impact46.

Fish Farm leverages advanced aquaculture technologies to produce high-quality seafood and has plans to develop a proprietary line of fish feed.

Conclusion

The Kingdom of Saudi Arabia's seafood and fish feed market is witnessing a surge of investments from various sources, reflecting the sector's lucrative potential. Government initiatives, foreign direct investments, private sector participation, investment funds, and venture capital have all contributed significantly to this growth narrative. This infusion of capital has not only helped the market evolve but also positioned it for sustained future growth.

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

KSA Seafood and Fish Feed Market Outlook to 2027

Related Reports by Ken Research: –

India Aquaculture Feed Market Outlook to 2027

Driving Growth: Factors Accelerating France's Agri-Equipment Market: Ken Research

 France has a significant agricultural sector, and the market for agricultural equipment has been robust. Agricultural machinery has been growing steadily in France over the study period.

STORY OUTLINE

• Diverse Offerings, Competition: France's Agri equipment sector boasts varied products, fueling intense competition as manufacturers vie for dominance in a dynamic market landscape.
• Global and Local Rivals: Industry giants like John Deere and domestic players such as Claas compete fiercely, leveraging technology, branding, and distribution networks.

• Innovation Thrives: Competitors prioritize innovation, racing to introduce advanced solutions like precision tech and automation to gain an edge in the market.

• Farm Size Drives Demand: Growing farm sizes spur competition among manufacturers to provide high-capacity machinery that maximizes efficiency on expansive agricultural lands.

• Customer-Centric Focus: Evolving farmer expectations, including sustainability and tech integration, compel manufacturers to differentiate offerings and provide comprehensive post-sales services, sustaining competitiveness.

1. The Tech Renaissance Accelerating France's Agri-Equipment Landscape

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Advanced technologies like GPS-guided tractors and drones enable precise application of fertilizers, pesticides, and irrigation, leading to optimized resource usage and increased yields.

Smart agriculture equipment collects and analyzes data on soil conditions, weather patterns, and crop health. Farmers can make informed decisions to adjust their practices for better outcomes.

VRT systems adjust input application rates based on real-time data. Farmers can apply inputs at varying rates across different parts of the field, responding to variations in soil quality and crop needs. This not only improves yield but also minimizes over-application of inputs.

2. France's Agri Equipment Sector Flourishes Through Policy Support

Government support in the form of subsidies, grants, or favorable policies for farmers to modernize their equipment can significantly impact the market growth. These incentives can encourage farmers to invest in new machinery.

France has been among the leading countries in Europe for organic farming. The government's support for organic farming had led to significant growth in the sector, with over ~10% of agricultural land being used for organic production.

The European Union's Common Agricultural Policy (CAP) is a significant driver of agricultural subsidies in France. As of 2021, France was one of the largest recipients of CAP funding, receiving billions of euros annually to support its agricultural sector.

3. Intense Market Competition in France's Agri Equipment Sector

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Major global agricultural equipment manufacturers, such as John Deere, CNH Industrial, and AGCO, have a strong presence in the French market. These companies bring their advanced technologies, established brands, and extensive distribution networks, intensifying competition.

France also has its own established domestic manufacturers, such as Claas and Michelin, which produce a variety of agricultural machinery and equipment. These domestic players compete both in the local market and globally, contributing to the competitive environment.

Manufacturers compete not only in terms of the machinery they sell but also in the quality of after-sales services, including maintenance, spare parts availability, and technical support.

In conclusion, the convergence of technological innovation, government support, and fierce market competition has redefined France's Agri-equipment landscape. Precision farming tech, subsidies for sustainability, and a diverse competitive arena collectively shape a dynamic future for the sector, promoting efficient and advanced agricultural practices.

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Major Players Mentioned in the Report:

• John Deere Sas
• CNH Industrial (New holland)
• AGCO Corporation (Massey ferguson, fendt)
• CLAAS KGaA mbH
• Kubota Europe SAS

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

• Existing Agricultural Equipment Companies
• Agricultural Equipment Financing Companies
• Investors & Venture Capital Firm
• Agricultural Equipment Manufacturers
• Agricultural Equipment Distributors
• Agricultural Equipment Associations
• Government Entities
• Potential Market Entrants
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

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

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

France Agri-Equipment Market

Related Report By Ken Research

USA Agri-Equipment Market Outlook to 2027

Rise Of Digitization Is Defining The Future Of India Test Preparation Market: Ken Research

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Over the past few decades, the Indian test preparation business has undergone a phase of transition from one-on-one personal coaching to group instruction of a sizable student pool by numerous organized players. Presently, the online medium has become the most preferred way of learning.
As a result, online test preparation players have expanded in the market. In this edition, we have highlighted how the use of online mediums is anticipated to become the future of the India Test Preparation Industry.

1. The Cut-throat Competition-oriented structure of India, coupled with the high repute of top institutes & jobs makes Test Preparation popular in India 

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2. Presently, the Online medium is the most preferred mode of test preparation among students due to Convenience, Performance Tracking & Ease provided to Concentrate at home

3. Online Test Preparation is poised to be the Future of the India Test Preparation market as Offline coaching centers have very limited access

4. Enhance technology by the online Test preparation players have been the key growth driver as it has improved User Engagement through Interactive, & Personalized Learning

5. Technological Developments & Policy Changes will strongly impact the Test Prep Landscape in India and will drive the growth of the market in coming years

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

• • Australia Corporate Training Market Outlook to 2027F Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by employee designation (managerial, non-managerial and integrated), by mode of learning
  • China Corporate Training Market Outlook to 2027F Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by designation of employee (managerial, non-managerial and integrated)
  • Indonesia Corporate Training Market Outlook to 2027F Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site) by mode of learning (instructor led classroom only, computer-based methods and mobile and social learning”
  • India Executive Education Market Outlook to FY’2027: Driven by rising skill gap in the country and growing demand of customized courses to overcome automation disparity in business processes
  • India Corporate Training Market Outlook to 2027 (Third Edition) - Driven by Wide Acceptance of Online and Virtual Training and Organizations Need for Multi Skilled Tech Savvy Employees

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India Test Preparation Market

Are Australia Based Players Dominating the Parking Space to Secure an $8 Bn Edge by 2028?: Ken Research

 STORY OUTLINE

Technology Advancements: AI, machine learning, and image recognition enhance the user experience in parking management. L&T Technology Services' smart parking solution with AI capabilities streamlines the process.

Acquisitions for Connectivity: FLASH's acquisition of Ballparc drives connected mobility hubs and participation in the mobility economy, transforming isolated parking facilities into smart components of cities.

Asia Pacific Growth: Asia Pacific, including China, Japan, and Australia is the fastest-growing market for parking management due to rapid technological advancement and the adoption of smart city projects.

1. Asia Pacific is expected to grow at the highest CAGR during the forecast period when seen globally?

Advancing Parking Management Opportunity in Australia

During the forecast period, Asia Pacific is expected to experience the fastest growth in the parking management market. The Asia Pacific region, consisting of countries such as China, Japan, and Australia, is rapidly advancing technologically. With over 40% of the world’s population, it boasts some of the fastest-growing economies. Various smart city projects have been introduced in the Asia Pacific region to enhance citizen services, addressing infrastructure, transit, utilities, and connectivity challenges. For instance, several governments in the region have promoted smart parking practices due to environmental concerns and the need to manage traffic. The major countries expected to witness high growth rates in the Asia Pacific region include China, Japan, Singapore, Australia, New Zealand, and the rest of the Association of Southeast Asian Nations (ASEAN) countries.

2. Growing demand for seamless traffic flow and reduction in fuel consumption is driving the market.

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Parking and traffic congestion share a close connection, as the search for parking spaces leads to delays, increased fuel consumption, and worsened congestion. Addressing the growing parking issue requires effective parking management solutions and services. These offerings not only assist drivers in finding parking spaces but also provide additional functionalities like navigation, cashless payments, and advanced reservations. Embracing various parking management solutions will help reduce time and fuel consumption, enabling smoother traffic flow.

In cities with heavy traffic, improving mobility necessitates cooperation among multiple stakeholders. City officials, vehicle manufacturers, traffic signal system providers, parking facilities, parking management solution providers, traffic information providers, shared mobility providers, startups, and public authorities work collectively to experiment and transform cities into intelligent and efficient hubs. Parking management solution providers play a critical role in reducing traffic congestion by optimizing on-street and off-street parking facilities, paving the way for enhanced urban mobility.

3. How Does Efficient Parking Management Offer Cost-Saving Potential, and What's Behind the Rising Demand for Specialized Solutions?

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Effective parking management brings significant cost savings for both drivers and parking operators. For drivers, reduced search time for parking spaces leads to less fuel consumption, resulting in tangible cost reductions. Additionally, smoother parking experiences save time and reduce stress, enhancing the overall driving experience.

On the other hand, parking operators can benefit from increased revenue streams. Dynamic pricing models can optimize parking fees based on demand, maximizing income during peak periods. Efficient space utilization ensures that parking lots are fully utilized, minimizing unused capacity and maximizing profitability. Moreover, parking operators can offer value-added services, such as car wash or repair facilities, which contribute to additional revenue generation.

As the demand for commercial vehicles rises, the need for specialized parking solutions grows. The sales of commercial vehicles have surged in various regions, with France, according to ACEA, recording the highest number of commercial vehicle sales. With approximately 3,97,500 new vehicles registered in the previous year, there is a clear demand for efficient parking management to accommodate these vehicles adequately. Implementing smart parking technologies and data-driven approaches becomes vital in managing parking spaces effectively and catering to the increasing demand from commercial vehicle owners.

The parking management market is witnessing a transformative phase, driven by technological advancements and changing consumer needs. The integration of smart parking solutions, IoT-based sensors, real-time data analytics, and seamless payment systems has revolutionized the way parking is managed and experienced. As urbanization and vehicle ownership rates continue to rise, the demand for efficient parking solutions is expected to grow exponentially.

How much share will New Zealand have from the growing APAC’s Parking Management Market by 2028?: Ken Research

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Story Outline

APAC is one of the most promising markets for parking management. At present, the penetration of parking management solutions is low in this region. However, it is expected that there will be an upsurge in demand in the coming years.

The rising demand for extra-wide parking spaces for will likely increase the deployment of parking management systems to ease the parking process and ensure public safety. The proliferation of mobile and smartphones is the major factor accelerating the growth of the parking management market for the forecast period of 2021 to 2028.

Asia Pacific Growth: Asia Pacific, including China, Japan, Australia and New Zealand, is the fastest-growing market for parking management due to rapid technological advancement and the adoption of smart city projects.

1. New Zealand will be a growing market under Asia Pacific during the forecast period.

Know about advancing parking management opportunity

The Asia-Pacific market for parking management is on the modification and innovation stage. The rising demand for the systematic & smooth flow of traffic and strategic parking space management have been the major drivers in the parking management system in the Asia-Pacific. The New Zealand parking management market is expected to grow with a high CAGR during the forecast period. China is the dominating market due to the enhancement in demand for electricity consumption and the rapid growth in industrialization & urbanization. For instance, several governments in the region have promoted smart parking practices due to environmental concerns and the need to manage traffic. The major countries expected to witness high growth rates in the Asia Pacific region include China, Japan, Singapore, Australia, New Zealand, and the rest of the Association of Southeast Asian Nations (ASEAN) countries.

2. Navigating Challenges: Ensuring Data Security and Privacy in the Evolving Parking Management Market.

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The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.

3. Elevating Data Security: IoT Parking Technology as the Solution for Parking Management.

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Utilizing Internet of Things (IoT) technology in parking management offers a robust solution to address data security concerns. IoT-enabled parking systems utilize a network of interconnected devices and sensors to collect, transmit, and analyze data in real-time. By implementing advanced encryption protocols and secure communication channels, IoT-based parking solutions ensure that sensitive data remains protected throughout the data transmission process.

Moreover, IoT-enabled parking management systems can operate with a distributed architecture, processing a significant portion of data at the edge devices themselves. This approach minimizes the volume of data that needs to be transmitted and stored centrally, reducing the exposure to potential cyber threats. Additionally, the integration of blockchain technology further enhances data security by providing a tamper-proof and transparent record of transactions.

Furthermore, the use of private and secure networks, such as Virtual Private Networks (VPNs), helps establish a secure communication channel for IoT devices. These networks offer encrypted connections, shielding data from unauthorized access and ensuring that only authorized personnel can access and manage the system.

Incorporating IoT technology into parking management not only enhances operational efficiency but also offers a robust framework to safeguard data integrity and privacy. As the parking management landscape continues to evolve, the integration of IoT-based solutions stands as a testament to the industry's commitment to ensuring secure and protected data management practices.

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The parking management market is witnessing a transformative phase, driven by technological advancements and changing consumer needs. The integration of smart parking solutions, IoT-based sensors, real-time data analytics, and seamless payment systems has revolutionized the way parking is managed and experienced. As urbanization and vehicle ownership rates continue to rise, the demand for efficient parking solutions is expected to grow exponentially.

Major Players Mentioned in the Report:

• Ace Parking
• WOHR Parking Systems
• Hercules Carparking Systems
• Secure Parking
• TPS Traffic and Parking Systems
• First Parking
• Enacon Parking
• Wilson Parking
• CPP His Majesty's

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

• Shopping Mall and Retail Center Owners
• Transportation and Transit Authorities
• Event and Venue Managers
• Hospitality Industry
• Corporate Offices and Business Parks
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2028

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

New Zealand Parking Management Market

Related Report By Ken Research

Australia Parking Management Market Outlook to 2028

KSA Automotive Aftersales Service Market: An In-depth Analysis: Ken Research

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In 2020, over 100 exhibitors from 12 countries showcased cutting-edge automotive aftercare products across six sections. The market is highly fragmented, with around 3,000-4,000 independent/unorganized workshops contributing to industry revenue.

STORY OUTLINE

• The Saudi Arabia automotive aftersales service market is expected to experience significant growth driven by increased sales of passenger vehicles and the rise of online automotive service providers.
• Longer vehicle lifespans resulting from the use of quality materials and manufacturing processes contribute to the growing demand for automotive repair and maintenance services.
• Road safety and environmental concerns are driving vehicle owners to seek regular maintenance and servicing, boosting the demand for aftersales services.
• E-commerce platforms and digitalization have revolutionized the market, allowing customers to conveniently compare prices, find spare parts, and access automotive services online.
• The market is expected to witness further expansion with the growing number of online service providers, offering opportunities for the automotive repair and maintenance services sector in Saudi Arabia.

The Saudi Arabia automotive aftersales service market is expected to experience significant growth with a strong CAGR from 2022 to 2027. Factors such as the rise of online automotive service providers and increased sales of passenger vehicles are driving the demand for automotive repair and maintenance services in Saudi Arabia.

1. Driving Market Growth: Increased Passenger Car Sales

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The sales of passenger vehicles in Saudi Arabia are experiencing a significant boost due to increased consumer spending capacity and a preference for private vehicle ownership. Longer vehicle lifespans, resulting from the use of quality materials and manufacturing processes, are driving the demand for automotive repair and maintenance services. The Saudi Arabian automotive repair service market reached a value of USD ~980 million in 2021, with market players focusing on providing flexible, affordable, and high-quality services to cater to the growing demand and gain a competitive edge.

2. Growing Concerns Drive Market Demand for Vehicle Safety

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With an increasing emphasis on road safety and environmental concerns, vehicle owners are more conscious of keeping their vehicles in optimal condition. Regular servicing and maintenance become crucial for ensuring safety, fuel efficiency, and reduced emissions, driving the demand for aftersales services.

From 2017, the Saudi Standards, Metrology and Quality Organization (SASO) mandated automobile manufacturers to adhere to stringent safety guidelines and measures for newly manufactured cars. Saudi Arabia has implemented over 480 standards, including 102 items pertaining to tires and spare parts, aligning with global regulations in the automotive industry as practiced in developed countries.

3. On the Fast Track: Online Channel Fuels Market Expansion

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E-commerce platforms and digitalization have revolutionized the automotive aftersales service market, offering convenient price comparisons, spare parts availability, and easy access to services, driving the growth of online providers. There were ~34 million internet users in Saudi Arabia in January 2022. Companies like Morni, Ezhalha offer roadside assistance services to customers and provide convenient access to quotes for automotive repair and maintenance services, garnering significant customer interest.

The growing number of market players offering services on online platforms is expected to create lucrative opportunities for the Saudi automotive repair and maintenance services market in the next five years. The commission charged by Ezhalha, a digital platform for car spa services, ranges from 15% to 20%. According to a report by Ken Research, the Saudi Arabia automotive crash repair market is projected to reach SAR ~2.5billion valuation by 2025, supported by factors such as increased passenger vehicle sales and the emergence of online service providers. The report highlights the rising demand for repair and maintenance services, driven by vehicle safety concerns and the convenience offered by e-commerce platforms. This growth potential underscores the opportunities in the market for industry players to capitalize on.

Italy's Lubricant Sector Aims High with Projected ~1.5% CAGR by 2027: Ken Research

 Italy's lubricant market thrives amid diverse products and key players. Industrial growth, automotive demand, and environmental concerns shape the market, while competition and sustainability challenges drive innovation.

STORY OUTLINE

• Italy's lubricants market encompasses engine, industrial, automotive, and specialty lubricants, reflecting a multifaceted industrial landscape and diverse consumer needs.
• Eni S.p.A., TotalEnergies, and Shell reshape Italy's market with energy expertise, multinational presence, and global innovation.
• Industrial expansion, automotive prowess, eco-consciousness, and technological evolution steer Italy's lubricant market towards dynamic growth and innovation.
• Stringent regulations, competition, economic shifts, and sustainability demands drive Italy's lubricant industry to adapt, innovate, and overcome hurdles for sustained success.

The lubricants market in Italy is a significant part of the country's industrial landscape. It encompasses a wide range of lubricant products, including engine oils, industrial lubricants, automotive lubricants, and specialty lubricants for various applications. Italy is home to several lubricant manufacturers, both domestic and multinational, contributing to the market's competitive nature.

1. Key Players Revolutionizing Italy's Lubricant Market

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Eni S.p.A. (formerly known as Agip): Eni is one of Italy's largest energy companies and operates in the lubricants sector, offering a range of products for various industries and applications.

Total Energies: This multinational energy company has a presence in Italy, providing lubricants and services to the automotive, industrial, and commercial sectors.

Shell: While not an Italian company, Shell is a major global player in the lubricants market and operates in Italy, offering a variety of lubricant products and services.

2. Unveiling the Dynamics Shaping Italy's Lubricant Market

The industrial sector's growth, including manufacturing and construction, has a direct impact on lubricant demand. Machinery and equipment require proper lubrication to ensure smooth operations and longevity.

Italy has a strong automotive industry with a focus on luxury and sports cars. This sector's growth drives the demand for automotive lubricants, including engine oils and transmission fluids.

Increasing environmental regulations encourage the use of more environmentally friendly lubricants, leading to innovation and the development of bio-based and eco-friendly lubricant products.

Ongoing advancements in lubricant technology, such as synthetic lubricants and high-performance formulations, can influence market growth by offering improved efficiency and longer service intervals.

Awareness of the importance of proper machinery maintenance and lubrication can drive demand for quality lubricants as industries seek to optimize equipment performance and reduce downtime.

3. Overcoming Hurdles: Navigating Challenges in Italy's Lubricant Market

Stricter regulations on emissions, waste disposal, and environmental impact can lead to the need for reformulation of lubricant products to meet compliance standards.

The lubricants market in Italy is competitive, with both domestic and international players vying for market share. This can put pressure on pricing and innovation.

Economic fluctuations and uncertainties can impact industrial and commercial activities, subsequently affecting lubricant demand.

Increasing emphasis on sustainability and circular economy practices might require lubricant manufacturers to adopt more environmentally responsible production and disposal methods

In Conclusion, Italy's lubricants market stands as a pivotal pillar in its industrial landscape, driven by diverse products and key players. From Eni S.p.A., TotalEnergies, to Shell, innovation thrives. Dynamic market dynamics span industrial growth, automotive excellence, and environmental consciousness. Challenges are met with resilience, ensuring sustainable progress amid competition and fluctuating economic currents.

To 5 Major Players and Strategies in the KSA Seafood and Fish Feed Market : Ken Research

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Story Outline

• NAQUA: Leading aquaculture company in KSA, prioritizing sustainability, quality, and diversity with advanced technologies and eco-friendly practices.
• Saudi Fisheries: Prominent in seafood market, focuses on quality assurance, product range expansion, and diverse fish feed offerings.
• Skretting: Norwegian giant enters KSA with USD 200M investment, emphasizing global expertise, sustainability, and innovative feed formulations.
• Marine Harvest: Norwegian seafood company invests USD 120M, leveraging RAS technology for high-quality seafood, boosting fish feed demand.
• Fish Farm: Jeddah startup secures USD 1.5M from Impact46, exemplifying innovation in KSA's seafood and fish feed market.
• According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022.

The seafood and fish feed market in the Kingdom of Saudi Arabia (KSA) is riding a wave of growth. This surge is a result of increasing local demand for seafood, the Saudi government's Vision 2030 mandate for self-sufficiency in seafood production, and favorable investment conditions. A variety of players, including local and international companies, are actively shaping this burgeoning market with their strategies and innovations.

This article provides an in-depth look at these key players, their strategies, technologies adopted, and the impact they're making on the KSA seafood and fish feed market.

1.National Aquaculture Group (NAQUA)

 

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As one of the largest aquaculture companies in KSA, the Jazan-based National Aquaculture Group (NAQUA) has established itself as a significant player in the seafood and fish feed market. The company takes an integrated approach, handling everything from hatcheries to fish farms and a feed mill, which produces up to 50,000 metric tons of fish feed annually. NAQUA's strategy is built on sustainability, quality, and diversity.

They use eco-friendly farming methods and adhere to internationally recognized standards to ensure their products' quality. Their product portfolio includes a wide variety of seafood like shrimp, fish, and other marine species, catering to the diverse taste preferences of the Saudi population. Additionally, the company's use of cutting-edge technologies, like automated feeding systems, contributes to the efficient use of fish feed and promotes sustainable aquaculture practices.

2.Saudi Fisheries Company

Saudi Fisheries Company, a public company listed on Tadawul (the Saudi Stock Exchange), is another prominent player in the KSA seafood and fish feed market. The company, with its in-depth understanding of the local market, provides a wide range of high-quality seafood products. The company's strategy revolves around quality assurance and expanding its product range.

To ensure quality, the company has heavily invested in state-of-the-art processing facilities and stringent quality control measures. In terms of fish feed, the company produces a diverse range of feed products to cater to the different dietary needs of various fish species. This focus on quality and variety gives the company a competitive edge in the market.

3.Skretting

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Norwegian company Skretting, a world leader in fish feed production, entered the KSA market in 2021 with a USD 200 million investment. Skretting's strategy is grounded in its global expertise, commitment to sustainability, and continuous innovation. Skretting utilizes advanced technologies in its feed formulation to enhance fish growth, health, and yield while maintaining sustainability.

Their Nutra range of fish feed products, for example, incorporates specific dietary components that optimize fish growth and reduce waste. The company's AquaSim technology, a data-driven fish growth modeling tool, is used to monitor and optimize feeding strategies in aquaculture. These technologies and innovative feed formulations give Skretting a unique competitive advantage in the KSA fish feed market.

4.Marine Harvest

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Marine Harvest, another Norwegian seafood company, has made a significant impact on the KSA seafood market with its USD 120 million investment. The company has established a fish farming operation in Saudi Arabia, including a hatchery, fish farms, and a processing plant.

Marine Harvest's key strategy involves harnessing advanced farming techniques, particularly the Recirculating Aquaculture System (RAS). RAS technology allows the company to control and optimize the farming environment, ensuring high-quality seafood production.The use of RAS technology also increases the demand for specialized fish feed, contributing to the growth of the fish feed market.

5.Fish Farm

Fish Farm, a Jeddah-based startup, represents the innovative spirit of the KSA seafood and fish feed market. The company, which secured USD 1.5 million in seed funding from Riyadh-based VC firm Impact46.

What does it mean for UK’s Real Estate Services Market to be Impacted by Interest Rates and Investor Sentiments?: Ken Research

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Story Outline

UK commercial real estate has seen a sharp correction in prices over the last nine months. Capital values began to fall last summer and are now 21% below their peak in June 2022. That is the sharpest correction since the period immediately following Lehman Brothers failure in 2008.

The UK real estate market is experiencing a resurgence of interest from international investors. According to the latest INREV intentions survey in January, the UK ranks second in popularity among Asian, Middle Eastern, and North American investors targeting Europe, and third among European investors.

1. Implications for real estate – a year of two halves?

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If the consensus on inflation and interest rates is correct, then there is a strong possibility that capital values will find a floor over the summer, 25-30% below their peak in June 2022.We expect that rental values will be broadly flat at the all-property level through 2023-2024. This year’s recession is forecast to be relatively mild and there is little risk of an over-supply of new space hitting the market at the wrong time. For example, the total amount of office space in central London will only grow by 1-2% between 2022-2024. This compares with 5% during the global financial crisis (GFC) and 13% during the recession of the early 1990s.

2. What is the biggest opportunity for growth in the Property Management Services industry in the UK?

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The industry relies on rented residential properties in the UK, as a large bulk of revenue is associated with residential rental property management services. Demand from rented residential properties trends opposite the number of residential property transactions. A rise in residential property transactions typically indicates more first-time buyers getting on the property ladder and ramps up home ownership, hitting demand for residential management services. The number of residential property transactions is falling in 2022-23, providing a potential opportunity for property managers.

By embracing digital innovations, automation, and advanced analytics, property management companies can enhance operational efficiency, deliver better customer experiences, and make informed strategic decisions. Embracing technology will enable them to streamline processes, optimize maintenance operations, and offer personalized services, ultimately attracting more clients and gaining a competitive edge in the market.

Several factors are aligning to support a recovery in investor demand for UK real estate. Bond yields have stabilized post-pandemic, the UK real estate market has re-priced faster than others, and the currency (sterling) has become more stable. History has shown that previous recessions were followed by robust real estate performance. If UK inflation continues to decrease and the recession remains mild, investors are advised to consider deploying capital later this year.

Vietnam Logistics Market: Achieving a USD 60 Bn Milestone in 2022 with Vision 2030 and E-Commerce Logistics. What Lies Ahead for this Thriving Industry? Ken Research

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1.Driving Forces: Vietnam's Logistics Market Flourishes with Rising Economy, E-commerce Adoption, and Government Initiatives.

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• In 2022, Vietnam's economy achieved a growth rate of 8.0%, fueled by various factors, including the significant contribution of export-oriented manufacturing to the logistics sector's expansion.
• The adoption of e-commerce in Vietnam has rapidly increased, with the rate rising from 0% in 2017 to 50.0% in 2020, primarily driven by the younger population.
• As a result of the US-China trade war and the pandemic, many manufacturers relocated their operations from China to Vietnam, attracted by the region's low labor costs. This influx of global players has further stimulated the growth of Vietnam's logistics sector.

 2.Vision 2030: Vietnam's Government Focuses on Developing Infrastructure for Seamless Deliveries in the Logistics Market.

Vietnam Logistics Market

• Under the Vision 2030, the country plans on developing over 5000 km of expressway by 2030.
• The country also plans on developing 172 routes with a total length of 29,795 km by 2030.
• The development of coastal roads going through 28 cities and provinces is also underway.
• The road development in Vietnam aims to develop the national road system in a sustainable and comprehensive manner.
• In 2022, the Prime Minister of Vietnam issued a decision on mechanism and policies for the development of inland waterways in the region that included the allotment of invest capital with encouraging factors.

3.Revolutionizing E-Commerce Logistics Warehouses: The Essential Technologies for Vietnam's Logistics Market.

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• Instant access to high-quality data enhances supply chain visibility. It supports inventory and process management, risk assessment, space optimization, automated documentation, and more.
• Integrating robotic or semi-robotic technologies improves human pickers' efficiency by reducing walking distances, optimizing routes, and seamlessly integrating with the current WMS. This leads to precise picking and packing processes.
• An automated inventory management system is a software that enables wholesalers and distributors to manage inventory in real-time. It allows companies to retrieve inventory counts directly from suppliers through a data feed integrated into their website.
• AGVs are effective in speeding up storage and retrieval tasks, including putaway, loading, and stock take. They are self-guided and can be equipped with forklifts and pallet carts, following predetermined paths to handle pallets, boxes, and containers.`