Promising Faction of Mobile Wallet Companies

There is a massive change from cash to electronic payments for financial and banking purposes. People are more inclined towards this automated mode of payment rather than the traditional way of paying by cash. Payment market in India will increase by USD500 billion in next 5 years. Micro-transactions will structure a substantial portion of the industry with over 50 % of person-to-merchant transactions expected to be under Rs 100. The value of remittances and money transfer that will pass through alternative digital payment instruments will double by 2020.

Global Mobile payment market is appearing as a boon as it lowers the cost, easily accessible to consumers and consumers are becoming more progressive towards online methods of payment. The various key vendors in the "Mobile Money Market" are Vodafone Group Plc, Gemalto, FIS, Google Inc., Mastercard Incorporated, Bharti Airtel Limited, Orange S.A., Monitise Plc, Mahindra Comviva and PayPal. Asia Pacific in future expected to continue to showcase one of the largest platforms for Mobile Money market. Technological advancement in mobile devices, inclining use of non-cash payments are the driving forces in the mobile money market.  Additionally, creation of new business avenues for stakeholders, evolving demographic needs across regions, rising use of mobile money services across businesses are aiding in the growth of mobile money market.

Due to perforation of smartphones, consumer’s willingness for using digital payments changes the ways of paying bills. The benefaction of non-cash modes of payments, such as demand drafts, cheques, credit/debit cards, net banking, mobile wallets is expected to increase to 40% by next 5 years. As far as Indian users are concerned, they make digital payments basically for utility bill payments, online shopping and movie ticket purchases. Bill payments industry trend is very popular in emerging economies such as India. Several e-commerce organizations are coming into place for making digital transactions facile, namely: Flipkart, Snapdeal, Amazon, Myntra, Jabong and many more. Similarly, mobile wallet companies are also emerging tremendously such as: Paytm (One97 Communications Ltd), Mobikwik (One Mobikwik Systems Pvt Ltd), Oxigen Services (India) Pvt. Ltd, Citrus Payment Solutions Pvt. Ltd, Freecharge and others. Digital payments demonstrated as fanatic across the users.

For More Payments Report :  https://www.kenresearch.com/tag/banking-financial-services-and-insurance/payments/178.html 

Adoption of Urban Farming to Produce Cosmetics: Ken Research

Ken Research announced its latest publication, “Success Case Study: Urban Fresh Cosmetics; Adapting urban farming to expand into a cosmetics business”. The case study is about the success of a personal care business called Urban Fresh Cosmetics that specializes in producing natural skin care products. The case study explores a success of a cosmetics business with a strong focus on "natural" products based on in-house, urban-farmed ingredients. It also provides a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of this sector.

History of Urban Fresh Cosmetics
Urban fresh cosmetics is a personal care business offering handmade, artisanal products. Headquartered in Albuquerque in New Mexico, they specialize in producing natural skin care products. The main idea behind urban fresh cosmetics is the use of"urban farming," through which it grows raw plants and transforms them into beauty product ingredients.
The urban fresh cosmetics is the result of the innovation of a couple, Keith and Andre who were initially running a spa business. Both Keith and Andre had huge passion for urban farming, as a result they soon transformed their passion into an international business called urban fresh, which makes organic beauty products.
Andre’s and Keith’s passion for urban farming wasn’t something new, as they had it in their roots. Andre was raised in Indiana, growing up eating fresh strawberries and tomatoes and Keith was raised in Ohio, where his grandmother grew and made products from aloe on the family farm. In the words of Keith, there are three F’s of urban fresh business model, Foundation, Feature and Focus. The family background of farming provides the basis for the first F, foundation. The next two F’s feature and focus, emphasizes the need for organic, eco-friendly products and focusing on a great customer experience respectively.
The inspiration for this business besides the family tradition of farming was Keith’s lifelong struggle with Acne. As a result, he decided to earn a license in esthetics and was later on joined by Andre, who though had a degree in psychology joined Keith in the skin care business and also became a licensed esthetician. They both opened a spa called Great Face and body which they used as medium to sell their own beauty products. But the couple soon realized that they prefer the retail side of this business, getting hands on work of growing and harvesting raw plants and transforming them into useful beauty products.
Recently, Urban Fresh gained popularity on account of its line of bath products called Bathing Bad. Every product, from bath bombs to shampoo bars, is made in the Urban Fresh factory cum retail store, and efforts are made to ensure that every item is sold the same week it's made to ensure its freshness.
Why Urban Fresh Cosmetics?
As discussed, Urban fresh cosmetics are natural skin care products, produced from natural resources such as raw plants. Globally, the cosmetics market is stagnating, as a result of which manufacturers are taking advantage of consumer’s increasing health awareness by investing in new products containing natural ingredients.
The Urban fresh cosmetics use a more holistic and sustainable approach to cosmetics production. The absence of chemicals which is mostly considered to be the root of all evil, is the key factor rising demand for such natural ingredients based cosmetics.
Besides the above benefits that is common to almost all natural cosmetics, every product in the Urban Fresh Cosmetics is made personally by Keith and Andre in their factory cum retail store and also sold in the same week as they are produced to ensure their freshness. One of the most favourite product of Urban Fresh Cosmetics is full body shampoo bar for men which usually excites people to ask if Keith is a chemist. Though not chemist, but the amount of efforts and personal services the couple offers makes them unique in the world of beauty retail.
The scale of operations of the business allows it to capitalize on relevant and potential trends, thus enabling them to make profits and increasing its market share. However, Keith believes that having more stores will get them more business and hence, more money but also at the same time cause a sacrifice on the part of personal attention to clients.
Future of Urban Fresh Cosmetics
With the increasing health and wellness consciousness among people, and the rising demand for chemical free natural cosmetics, the future of urban fresh cosmetics is indeed bright.  Besides this, Keith and Andre have been taking a number of steps on the sustainability part. They have announced their plan to the nonprofit Urban Fresh Academy where they will teach people on how to make bath bombs and also, how to save water. They are also focusing on scalability by considering to increase the number of stores, however they are afraid that this will mean a fall in the level of personal care they offer to their clients.
Key Topics Covered in the Report

• Detailed profile of Urban Fresh Cosmetics
• Relevant consumer trends and attitudes supporting innovation
• Detailed analysis of fast moving consumer goods
• History and Future of the Urban Fresh Cosmetics
• Innovations in the Fresh Cosmetic Industry
• Sustainability and Scalability of Urban Fresh Cosmetics

To know more on coverage, click on the link below:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/urban-fresh-cosmetics/39460-95.html
Related Reports:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/cosmetics-and-toiletetries-market-research-report/118-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

The Demand for Car Leasing in UAE is Expected to Register Growth in the Near Future : Ken Research

The share of car rental in UAE is the second largest within the entire car rental market in Middle East region with a major contribution in overall revenues in 2015. Hertz Corporation, Thrifty, Europcar, Sixt and Avis Budget have been the leading players in the UAE car rental market.
The growth in the number of tourists in the country has been majorly due to expansion of Emirates airline’s and Flydubai’s fleet network. The growth in Dubai’s cruise industry has helped by the opening of a third cruise terminal and better accessibility to Dubai. This has led to the rise in the number of tourist attractions in the country. Moreover, with an increase in the enterprises across UAE, the demand for vehicle leasing has enhanced.
UAE car rental market has majorly been driven by Dubai car rental market. The industry is showing encouraging signs of growth presently and is expected to register consistent growth in the near future. The industry is estimated to record growth on account growing consumer spending on travel and tourism. It is estimated that the industry will grow in the next 5 years with an increase in the number of international visitors and growing preference towards self drive car rental market.
The competition in this industry is envisaged to remain same since the newer players owing to their sheer fleet size will not gain much recognition in the market. Hence, the market will be guided by theses major players mainly Hertz, thrifty, super price rent a car and others. However, the role of car lease aggregators is likely to enhance backed by higher demand for cars leasing.
UAE Chauffeur driven car rental market has been broadly segmented on the basis of revenue from on-airport and off-airport or local markets
The contribution of online booking to the overall Chauffeur driven car rental market in the UAE has enhanced since consumers have become price conscious and look forward in search of best deals. Majority of the international tourists prefer online booking as compared to station or physical booking due to better internet speed and ease-in-accessibility.
The toll payment in UAE is similar to that in European countries. The toll road users are not required to pay at the toll booth because all the payments are made via pre-paid card. These pre-paid cards in UAE are called as Salik Cards.
For more information on the market research report please refer to the below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-car-rental-leasing-market/42906-100.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Egypt Car Rental and Vehicle Leasing Market is Expected to Reach over USD 45 million by 2020: Ken Research

The market research report on “Egypt Car Rental and Leasing Market Forecast to 2020 – Recovering Economy and Improved Transport Infrastructure to Drive Growth” provides a comprehensive analysis of the Car Rental Market in Egypt. The report covers market size of Egypt car rental and vehicle leasing market on basis of revenues and fleet size, segmentation on the basis of car leasing, short term car rental and chauffeur driven car rental, on-airport and off-airport, regions, mode of booking, purpose of booking, and organizational structure. The report provides snapshot of car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market in Egypt. The report is useful for industry consultants and analysts, car rental companies and new players venturing in the market.

The car rental market in Egypt has been on a downward trend since the past few years from 2010-2015 majorly due to the presence of various obstacles such as local supply, poor roads, GPS, government regulation and poor infrastructure facilities. Various companies in the country have been closed due to the increasing dominance of local companies. Although majority of the business people, students and expats that travel to the country prefer to rent a car for long term/ service tenure. Egypt car rental market has declined at a CAGR of 9.7%, over the period, 2010-2015. There was a decline in the international tourists’ arrival as well which has affected the market for car rental in the country along with poor driving behavior, poorly marked roads, lack of road signs and other such factors.
Egypt Car rental market has been differentiated into three segments including car leasing, car sharing and Chauffeur driven car. Car leasing segment dominated the Egypt car rental market by revenue, in 2015. Short term car rental segment is observed to follow the car leasing segment. The segment has experienced decline over the span of five years from 2010 to 2015. Chauffeur driven car segment has gained much demand over the span of five years.
Egypt car leasing has been characterized by a high amount of revenue from the trading companies in comparison to oil and gas companies which accounted for a higher revenue share in other countries such as UAE and Saudi Arabia.
The announcement of the Red Sea Bridge joining Saudi Arabia and Egypt has provided hopes for the car rental market in the Egypt since a large portion of the car rental business especially the leasing segment is derived by the trading companies. The bridge connecting Saudi Arabia with Egypt will boost trade as the two countries signed 17 agreements to enhance bilateral ties. Thus by connecting the two countries, two continents are joined i.e. Asia and Africa; this will bolster the trade between the two continents through Egypt and Saudi and hence provide an impetus to the car rental market in the country. Projection for the future suggests that the market for car rental is expected to witness promising growth
Key Topics Covered in the Report:
Egypt Car Rental and Leasing Market

• Market Size by Revenue and Fleet Size
• Market Segmentation by
  • Business Segments
  • Chauffeur driven on airport or off airport
  • Booking method
  • Car trips
  • Major cities
  • Organized- unorganized
  • Car leasing by industry verticals, term of contract and car type
• Trends and Development
• Government Regulations
• Traveler’s Profile by age and gender
• Competition and Market Share
• Future Outlook
• Macro Economic Variables

Key Products Mentioned in the Report
Car Leasing
Short Term Car Rental
Chauffeur Driven Car Rental
Car Rental Companies Covered in the Report
Budget
Thrifty
Avis
Hertz
Sixt
Europcar
Eagle
Four Wheels

For more information on the report, refer to the below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/egypt-vehicle-leasing-market/42908-100.html  
Related Reports:

India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth
Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth
India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Hertz Corporation, Thrifty, Europcar, Sixt and Avis Budget have been the leading players in the UAE car rental market in 2015. : Ken Research

Initially car rental market in UAE was driven by on-airport car rental services but with the rise in the number of business men and working Emiratis, there has been a rise in the number of number of long term car rentals in the country. The major operators in the industry have reduced car rental expenses, enhanced their fleet size and looked for opportunities in off-airport markets including insurance replacement, while others moved to enter into leisure segment of the market, which has been the possible growth driver of the industry , According to research analyst Ken Research .

Burj Khalifa, Dubai Museum, Bastakia, Sheikh- Saeedu Al- Maktoum House, Dubai Creek and others are some of the prevalent tourist gathering places throughout the year. This has resulted in difficulties in getting a cab to tour the entire place. Car rental market in UAE is mature with majority of the firms operating on “Competitive Pricing” strategy. Firms such as Hertz, Avis Hala, Budget, Europcar and others are one of the major players in UAE car rental market. Thus, the car rental facilities are increasingly being availed by outstation tourists in UAE which has presented an easy, less priced option to relish the trip to the country. Additionally, to ensure best travelling facilities, a large number of car rental companies, operating in UAE provide reasonable prices of rents and various other facilities.
According to research analyst Ken Research  The car rental industry in UAE is expected to grow at a robust pace due to an inclination of number of tourist arrivals in the country in future, rise in the number of facilities provided by the car rental services along with the increase in the number of car rental firms. Thus, overall UAE car rental industry, which has grown at a CAGR of 6.4% over the period 2010-2015, is expected to achieve higher growth in the coming years on account of higher migrant population growth and an inclination in the international tourist arrivals in the country with higher demand for self drive car rental market.
UAE has witnessed a surge in the number of jobs and working expats in the country that has led to the rise in the number of takers for car rental. In order to cater to the rise in the demand from travelers for car rental in the country, majority of the car rental firms in UAE have enhanced their fleet size. Projection for the future suggests that the market for car rental is expected to witness promising growth
Ken Research announced its latest publication on “UAE Car Rental and Leasing Market Forecast to 2020 – Demand from Work Expats and E-Bookings to Drive Growth” which provides a comprehensive analysis of the Car Rental Market in Middle East. The report covers various aspects such as market size of UAE car rental and leasing market on basis of revenues and fleet size, segmentation on the basis of Car Leasing, short term car rental and chauffeur driven car rental, on airport and off airport, regions, mode of booking, purpose of booking, and organizational structure for car rental market in UAE, car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market in UAE. The report is useful for industry consultants and analysts, car rental companies and new players venturing in the market, According to research analyst Ken Research.
Key Topics Covered in the Report:
UAE Car Rental and Leasing Market

• Market Size by Revenue and Fleet Size
• Market Segmentation by
  • Business Segments
  • Chauffeur driven on airport or off airport
  • Booking method
  • Car trips
  • Major cities
  • Organized- unorganized
  • Car leasing by industry verticals, term of contract and car type
• Trends and Development
• Government Regulations
• Traveler’s Profile by age and gender
• Competition and Market Share
• Future Outlook
• Macro Economic Variables

Key Products Mentioned in the Report
Car Leasing
Short Term Car Rental
Chauffeur Driven Car Rental
Companies Covered in the Report
Budget
Thrifty
Avis
Hertz
Sixt
Europcar
Diamond Lease
Auto Rent
Patriot Rent a Car
Super Price Rent a Car

For more information on the report, refer to the below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-car-rental-leasing-market/42906-100.html
Related Reports:

India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth
Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth
Middle East Car Rental and Leasing Market Forecast to 2020 - Augmentation in Qatar and Oman along with Rise in Car Leasing to Stimulate Growth
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Middle East Car Rental and Leasing Market is Expected to Reach USD 1.7 billion by 2020: Ken Research

The market research report by Ken Research titled “Middle East Car Rental and Leasing Market Outlook to 2020 - Augmentation in Qatar and Oman Coupled with Demand for Car Leasing to Shape Future” provides a comprehensive analysis of the Car Rental and Vehicle Leasing market in Middle East along with information on toll applications. The report covers various aspects such as market size of Middle East Car Rental market on basis of revenues and fleet size with in-depth analysis of UAE, Saudi Arabia, Kuwait, Oman, Egypt, Qatar, Bahrain and Jordan car rental markets. The report provides segmentation on the basis of Car Leasing, short term car rental and chauffeur driven car rental, by on-airport and off-airport, by regions, by mode of booking, by purpose of booking, and by organizational structure for car rental market. The report offers insights on car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market in UAE, Saudi Arabia, Kuwait, Oman, Egypt, Qatar, Bahrain and Jordan and segmentation of overall Middle east car rental market by geography and business segments. The report is useful for industry consultants and analysts, car rental companies and new players venturing in the market.

The Car Rental Market in Middle East will continue to grow at a considerable rate in the coming years. The market for car rental in Middle East has been driven by countries such as Oman, Qatar, Bahrain and Kuwait. Countries such as Saudi Arabia and UAE constitute for a major portion of car rental revenues across the Middle East region. The market for car rental in the country has been driven by the rise in demand for local players in Middle East although the market has been dominated by players such as Hertz Corporation, Sixt, Avis Corporation and Europcar. Local players predominant in the Middle East Car Rental Industry are Regency, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Al Sayer and others.

Improving economic conditions, high proportion of expatriate population, stability, growth of tourism and investment in travel infrastructure has led to a growth in Middle East car rental industry. Over the past five years from 2010-2015, the car rental industry in Middle East has posted an average annual growth rate of 2.8% in revenues.

According to the research report, the revenues for the car rental market are expected to incline at a CAGR of around 7% during the period 2016-2020, with the revenues expected to be mounted to USD 1.7 billion by 2020. The fleet size of car rental market in the region is expected to reach around 400K by 2020.

The decline in expatriate population in various countries (majorly Kuwait) due to the enunciation of government regulation is likely to defy the long term car rental market in the region. FIFA world cup hosting by Qatar in 2022 and expansion of petroleum projects by Kuwait National Petroleum Corporation is likely to be one of the major drivers in the car rental market in the Middle East region.

“Larger and diversified fleet size with flexible renting options would help the competitors in the market to grow and incline their share in the market pie. This along with the presence of offices of various car rental firms across various airport terminals and other important locations in the region will help the augmentation of the revenues of car rental companies”, according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:

Middle East Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Geography

o   Business Segments

-          Trends and Development

-          Porter’s Model

-          Government Regulations

-          Competition and Market Share

-          Company Strategies of Major Players in the Market

-          Future Outlook

-          Key Opportunities in Market

Saudi Arabia Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Business Segments

o   Chauffeur driven on airport or off airport

o   Booking method

o   Car trips

o   Major cities

o   Organized- unorganized

o   Car leasing by industry verticals, term of contract and car type

-          Trends and Development

-          Government Regulations

-          Traveler’s Profile by age and gender

-          Competition and Market Share

-          Future Outlook

-          Macro Economic Variables

UAE Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Business Segments

o   Chauffeur driven on airport or off airport

o   Booking method

o   Car trips

o   Major cities

o   Organized- unorganized

o   Car leasing by industry verticals, term of contract and car type

-          Trends and Development

-          Government Regulations

-          Traveler’s Profile by age and gender

-          Competition and Market Share

-          Future Outlook

-          Macro Economic Variables

Kuwait Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Business Segments

o   Chauffeur driven on airport or off airport

o   Booking method

o   Car trips

o   Major cities

o   Organized- unorganized

o   Car leasing by industry verticals, term of contract and car type

-          Trends and Development

-          Government Regulations

-          Traveler’s Profile by age and gender

-          Competition and Market Share

-          Future Outlook

-          Macro Economic Variables

Egypt Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Business Segments

o   Chauffeur driven on airport or off airport

o   Booking method

o   Car trips

o   Major cities

o   Organized- unorganized

o   Car leasing by industry verticals, term of contract and car type

-          Trends and Development

-          Government Regulations

-          Traveler’s Profile by age and gender

-          Competition and Market Share

-          Future Outlook

-          Macro Economic Variables

Oman Car Rental Market

-          Market Size by Revenue and Fleet Size

-          Market Segmentation by

o   Business Segments

o   Chauffeur driven on airport or off airport

o   Booking method

o   Car trips

o   Major cities

o   Organized- unorganized

o   Car leasing by industry verticals, term of contract and car type

-          Trends and Development

-          Government Regulations

-          Traveler’s Profile by age and gender

-          Competition and Market Share

-          Future Outlook

-          Macro Economic Variables

-          Snapshot of Qatar , Bahrain and Jordan car rental markets and future outlook

Key Products Mentioned in the Report

Car Leasing

Short Term Car Rental

Chauffeur Driven Car Rental

Companies Covered in the Report

Hertz

Avis Hala

Thrifty

Europcar

Sixt

Budget

Hanco

Best

Autorent

Sixt

Al-Mullah

Al Sayer

Sefeena

Ousol 

Diamond Lease

Patriot Rent a Car

 Super Price Rent a Car

National

Payless

Kayak

Mark rent a car

For more information on the report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/middle-east-car-rental-leasing-market/42895-100.html

Related Reports:

India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth

Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth

India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249