Tuesday, October 25, 2016

Online Retail Sales in Belgium Electrical and Electronics Retail Market: Ken Research

Ken Research announced its latest publication on, “Electrical and Electronics Retailing in Belgium-Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020”, offer insights on the changing trends and key issues within the Electrical & Electronics Retail Market in Belgium.The publication includes an insightful analysis of changing consumer behavior, changing economic and demographic factors, technology innovations, leading domestic and international players, distribution channels and regulatory framework within which the Electrical & Electronics Retail Market in Belgium operates. The analysis of the aforementioned trends for major Electrical & Electronics categories:communication equipment, computer hardware and software, consumer electronics, household appliances, photographic equipment; for their sales through leading distribution channels such as Convenience Stores;Electrical & Electronics specialists;Hypermarkets, supermarkets and hard-discounters; Value, variety stores and general merchandise retailers; General retailers;Other Specialist retailers, Value retailers; Online; has been done from 2010 to 2020.
Economic Environment of Belgium
Belgium is a federal state with three culturally distinct regions: Flanders, Wallonia, and Brussels; with substantial economic power allotted to each of the regions. It is one of the highly industrialized countries in Europe. Except Luxembourg and Ireland, its economy is one of the most open economies of the world having strong integration with its three main neighbour countries: Germany, France, and the Netherlands. Brussels serving as headquarter of NATO & EU; makes Belgium a prominent member of EU, and also of OECD and WTO; thereby compensating the small size of the country by its substantial global position. After having contracted, currently, Belgium’s economy is recovering reaching 1.3% GDP growth rate both in 2014 and 2015 on account of increased exports and investments in Belgium.

Looking at the macroeconomic scenario of the country, Belgium is home to 11.2 million people. With USD 458.651 billion, Belgium’s economy globally ranks twenty-third as per nominal GDP and with USD 43,629, the global rank is seventeenth as per GDP per capita. The sector wise contribution to GDP includes approximately 73% from its strong & huge service sector employing most of its skilled workforce, followed by industry (25%) and agriculture (2%). Being poor in natural resources, imports are basically dominated by raw materials and processed for exports. Exports are dominated by electrical equipment, vehicles, diamonds, and chemicals and contribute to 80% of the GDP. The country provides for an open economy with low barriers to overall foreign trade and investment. Three-fourth of Belgium’s foreign trade is with other EU countries. Foreign investment in the country amounts to USD 4956.7 million. With low average unemployment and improving inflationary conditions, the business environment has become attractive for market players. However, red tapism as a disincentive to foreign investment, high public debt, uneven economic recovery along with structural weaknesses such as rigid labor market and high taxation, holds back the economy from growing at its full potential.
Brief Overview of the Electricals & Electronics Retail Market in Belgium
Gradually, the consumer lifestyle has become time-tight urging the need for convenient and fast electronic appliances. These electrical appliances have become part and parcel of consumers’ life and are present in various forms. They also play a vital role in the smooth functioning of industries and hence contribute to the economy. As a result, with improving macroeconomic environment all over the world and progressive advancement of technology through investment in R&D, the product base for electronic items have expanded to meet the surging demands; and this has led to a boom in the global electronic products market.
Unfortunately, economic contraction in Belgium has hit the Electrical & Electronics retail market badly. As a result, the market has witnessed significant slowdown. Belgians are highly fond of latest gadgets and smart devices. Still economic stagnation has led to reduced sales growth, especially in the case of premium & expensive electronics item. However, as the economic recovery has started, consumer confidence is boosting up. With growing GDP, rising disposable income & falling unemployment, the market outlook is optimistic.
Looking in detail within the Electrical & Electronics retail market in Belgium, the market holds a nominal share of the overall retail market. In 2015, it held a market share of 7.7%. Among various electronic items, consumer electronics and appliances have been the most demanded product.A mix of domestic and international retailers serves the Electrical & Electronics market demand.Also, the market is characterized by a high level of price-competition among market players to achieve maximum market penetration.Electrical and electronics specialists, accounting for 59.5% of the sales, dominate the distribution channels.However, with consumers turning to online channel, sales from offline stores have declined. Currently, online sales account for 23.7% of the total electrical and electronics sales and is progressively growing. As a result, the sales volume and value growth of Electrical and Electronics specialists have been negative.With the market players adopting business strategies such as EMI options and special occasional discount offers, electronic items are becoming affordable to every section of the society. This has further increased the demand and sale of electronic items. Hence, overall a bright and optimistic Electrical & Electronic retail environment is expected to prevail in coming years.
Major Players in Belgium’s Electrical & Electronics Retail Market
Demand in Belgium’s Electrical & Electronics market is served by a mix of domestic retailers and international retailers. A very few number of players operate in the market. Some of the major market players are:Collishop, Media Markt, Cool blue, Conrad and Redcoon.be.
Among various chain operators, Media Markt-Saturn is the market leader in value terms. There is a continuous price war among all the retailers which depresses their sales value growth. Apart from low pricing, EMI options and special occasional discount offers are also adopted as a strategy to capture largest market share.
Belgium’s Electrical & Electronics Retail Market Prospects
Belgium’s economic contraction led to declining sales of electronic items and hence a slowdown in the Electrical & Electronics Retail Market. This slowdown is expected to continue although with less momentum as the market is expected to witness increasing demand for electrical &electronic products on account of economic recovery leading to rising disposable income. The growth in demand is expected to post a CAGR of 1.56%, amounting to a value of EUR5.8 billion by 2020.Electrical & Electronics specialists will continue to dominate the distribution landscape. However, the channel will face strong competition from online channel as more and more consumers are turning to online spending with increasing m-commerce.Online spending is expected to post a CAGR of 7.48% over the forecast period, reaching a value of EUR1.8 billion by 2020. As a result of growing online sales, the sales volume and value growth of Electrical and Electronics specialists is expected to remain negative over the forecast period.
Overall the market is expected to expand, although at a slower rate. Some key factors driving growth in the market include: time-tight schedule of consumers, advance technology, increasing m-commerce and online spending, steadily growing economy,improving labour market& inflationary conditions, favourable demography etc. Maturity of the market and continuous price war among retailers may pose challenge to this growth.
Key Topics Covered in the Report
  • Detailed profile of the Electrical & Electronics Retail Market in Belgium
  • Consumer demographics, trends and behaviours
  • Historic and forecast retail sales value & growth in Belgium’s Electrical & Electronics Market
  • Key business requirement for operating in Belgium’s Electrical & Electronics retail market
  • Analysis of impact of Internet & Technology on Belgium’s Electrical & Electronics Market
  • Competitive landscape of the Belgium’s Electrical & Electronics market
  • Analysis of key distribution channels of Belgium’s Electrical & Electronics retail market
  • Regulatory framework applicable to Belgium’s Electrical & Electronicsretail market
To know more on coverage, click on the link below:
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

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Monday, October 24, 2016

Singapore Travel and Tourism Sector Rise: Ken Research

Ken Research announced latest publication titled “Travel and Tourism in Singapore to 2020 “ provides detailed information on the country’s tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.
Singapore indicated prodigious growth in travel and tourism industry which has led to inbound and outbound tourism rise in Singapore. Singapore Tourism Board is coming up with different schemes by investing in tourism promotion campaigns and foreign partnerships. The government of Singapore is providing funds for the future boost in the sector. Further, tourism industry is anticipated to expand between period 2016-2020 because of the investments by the private and the government sector.

Overview of Singapore’s Travel and Tourism Industry
Singapore has recorded an impartial growth in the promotion and expansion of tourism industry. The tourism industry was awfully hit by appreciation of the Singapore dollar in the period 2014-2015 causing reduction in the number of arrivals in the country. Since then Singapore Tourism Board is coming up with promotional activities to give a boost to the sector.
Further, in 2015 inbound tourism showed amazing growth, with number of trips increasing to 12.1 million from 9.2 million in 2010. The contribution of travel and tourism to Singapore GDP was S$38.48 billion in 2014. The contribution to total employment by tourism sector was recorded at 8.4% for the year 2014. Investment in the sector was observed at 18% of the total investment. The most favourite destination for Singapore travellers in 2015 was Malaysia, with 47.4% of total outbound trips. The domestic trips totalled 152,691 only in 2015 while there were 8.8 million outbound trips. India is one of the most important foreign source countries for Singapore. The year 2015 welcomed one million Indians to Singapore, showing a growth of 7.5% from 2014.


Key Driving Factors in Singapore Travel and Tourism Industry
A large number of factors led to a rise in travel and tourism industry in Singapore. One such factor is promotional activities both domestic and in foreign countries. Many promotional activities in tourism sector have been introduced since 2015. Thus, huge promotional and advertising methods with influencing capabilities have been promoted in and outside Singapore to witness a continuous growth in the tourism sector. Singapore Tourism Board schemes include foreign partnerships, such as with MasterCard and Alitrip.

Further, Singapore has amazing geographical location in Asia, which makes it one of the most popular tourism spot. Indonesia, China and India are the leading countries in the respective order to contribute to the Singapore tourism industry. In 2015, the number of arrivals plunged from countries like Japan, Indonesia, Malaysia and Australia because of strapping appreciation of the Singapore dollar against the currencies of respective countries. According to Singapore Tourism Board, India is considered one of the largest foreign source markets. The main driving factor for Indians to visit Singapore is leisure. One million Indian tourists ravelled to Singapore in 2015, showing a growth of 7.5% from 2014. In January 2016, Singapore Tourism Board launched a week-long road show in India’s major cities: Mumbai, Bangalore, New Delhi and Chennai to promote tourism. For future opportunities, the tourism industry in Singapore will get S$700 million over the coming five years by the government. Three crucial sectors in tourism are targeted for the purpose: cruises, technology and manpower.

Some of the key factors that have led to growth of travel and tourism industry in Singapore are:
  • Promotional activities
  • Foreign partnerships
  • Government funds
  • Rising middle income population
Future of Travel and Tourism Industry
Appreciating Singapore dollar is continuous threat to the travel and tourism industry of Singapore. Though Singapore has acquired benefit from the tourism industry due to increasing consumer spending but the country needs to take appropriate steps to face future issues. However, it is believed that Singapore will remain a top choice for travel and the is expected to grow at 6.56% pa till 2020. Rise in government investment in the sector and promotional activities would prevent the downfall of tourism industry. The total contribution of the sector to GDP is anticipated to increase to S$55 billion by 2020.

To know more on “Travel and Tourism in Singapore to 2020” click on following link:

Related Reports:


Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Cruise Industry Boosting Share in Singapore Tourism Market: Ken Research

  • Singapore Tourism is forecasted to grow in coming years
  • Government will provide S$700 million fund to boost key tourism factors like the cruise industry
Ken Research announced its latest publication on, “Travel and Tourism in Singapore to 2020” which provides a detailed analysis of the Singapore Tourism Industry. Category-wise coverage of different segments is also included in the report. In addition, the report provides appropriate understanding of tourism flows, expenditure, airline, hotel, car rental, and travel intermediaries industries.



Singapore tourism industry faced headwinds in the year 2014 due to global economic conditions and strong position of the Singapore dollar in the market. Singapore Tourism Board has a major role to play to boost the tourism sector in the country. Enormous growth was observed for the inbound tourism in Singapore during 2010-2015. Number of trips increased from 9.2 million to 12.1 million in 2015. Tourism promotion campaigns by the Singapore Tourism Board attributed to this huge growth. Indonesia, China and India are the leading countries in the respective order to contribute to the Singapore tourism industry. In 2015, the number of arrivals plunged from countries like Japan, Indonesia, Malaysia and Australia because of strapping appreciation of the Singapore dollar against the currencies of respective countries. Singapore Tourism Board is putting efforts to push inbound tourism growth like promotional activities, foreign partnerships, such as with MasterCard and Alitrip. A CAGR of 6.56% for inbound tourism is anticipated for the coming years till 2020.

Global Tourism Industry

Travel and tourism worldwide is forecasted to show strong growth than previous years. The year 2015 was marked with one of the slow growing year for the industry due to recession in few countries and slow economic growth in other regions. However, decrease in oil prices is anticipated to improve the sector. The industry’s contribution to the worldwide GDP is expected to increase by nearly 3.6% for the forecasted period.

Some trends driving the global tourism industry include:
  • Increasing disposable income
  • Stable economy
  • Rising domestic consumer spending
  • Government investments
  • Promotional activities
Key Topics Covered in the Report:
  • Detailed analysis of Singapore Travel and Tourism Industry
  • Value and volume analysis for Singapore Travel and Tourism Market
  • Historic and Forecast analysis
  • Key issues and trends in the Tourism industry
  • Visitor trend framework
  • Analysis of mega-trends
  • Profiling of new schemes launched in the Singapore Travel and Tourism Market
To know more on coverage, click on the link below:

Related Reports:


Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Friday, October 21, 2016

E-Visa To Boost Travel and Tourism in Malaysia: Ken Research



·         Malaysia is forecasted to meet 36 million tourists target by 2020 and bring in revenue of USD 52.4 billion
·         Inbound trips, domestic trips and international trips are expected to grow over the forecast period.
Ken Research announced its latest publication on, “Travel and Tourism in Malaysia to 2020” which discusses detailed analysis of tourists spending patterns on different categories such as hotels, food, accommodation and travel.  Report also contains the consumer trends and the major drivers in the tourism industry describing the market penetration and future potential of industry. In addition, detailed distribution and packaging data in the report enables the reader to interpret future outlook on how the market will shape up by the end of this decade. 

Malaysia registered millions of tourists and received huge receipts as earnings in 2014. It was the second largest resource for influx of foreign exchange to the country but there came a turning point in the tourism industry and there was a drop in country’s foreign exchange reserves. Malaysia witnessed two air tragedies which involve flight MH370 which disappeared in March and flight MH17 was shot down on July 17. After these accidents, tourists do not have same enthusiasm for a tour to Malaysia and they started choosing other destinations over Malaysia. Also the negative publicity regarding security by foreign media caused a huge loss to tourism industry in 2015. There was a significant drop in number of tourists from 2014 to 2015. However, market is expected to grow and recover in 2016, and major reason could be depreciation of Malaysian currency. Depreciation of Malaysian currency is helping tourists to roam in Malaysia at lower cost.


Tourism is supporting the growth of various sectors. Hotel industry and transport intermediaries are reaping the maximum benefits. It is creating both wealth and employment resulting in growth of Malaysian economy. Every country is promoting its tourism industry to increase its reserve of foreign exchanges as a result there is a divergence of tourists from Malaysia to other economies thus decline in tourists arrivals. Malaysian outbound trips and domestic trips captured a satisfactory share in 2015.

In 2016, Malaysian government launched e-Visa programme.  Malaysia is expecting half of the tourists from China and this e-Visa programme is the initial step to help achieve the goal and for the development and expansion of tourism industry. Additionally, Malaysia has announced its new tourism ambassador, Shila Amzah to boost arrivals from china. She has won the hearts of the Chinese after becoming the champion of Asian Wave (a Chinese show). Also, Malaysian government announced a visa-waiver programme for Chinese tourists in expectation of influx of tourists. Under this programme, Chinese can visit Malaysia for not more than 15 days.

Key Topics Covered in the Report:
·         Detailed analysis of Malaysian tourism industry
·         Value and volume analysis for Malaysian tourism industry
·         Historic and Forecast value analysis 
·         Key issues and trends in the tourism industry
·         Consumer trend framework
·         Analysis of mega-trends

To know more on coverage, click on the link below:
https://www.kenresearch.com/media-and-entertainment/tourism/travel-tourism-malaysia-2020/31999-94.html
 
Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/travel-tourism-thailand-2020/11007-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/general-transportation/travel-tourism-spain-2020/23628-100.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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Rapid Industrialization Triggering China Boiler Industry: Ken Research

The research report titled “RESEARCH REPORT ON BOILER INDUSTRY IN CHINA, 2011-2020” gives detailed information on Supply and Demand of Industrial Boilers in China. It highlights Policies Published by Chinese Government Concerning Boiler Industry and competition exists in the market. Major Boiler Manufacturers in China and Boiler Industry forecast has also been discussed in detail.
According to Ken Research ,China’s environmental pollution has become more alarming resulting in governments at different levels to take rigorous steps like restricting the use of coal fired boilers and providing subsidies to companies for coal-to-gas transformations. This benefits the gas fired boilers as they rapidly take up the market share of coal fired ones. It is not economically viable to transform several sets of coal fired boilers into one set of gas fired ones without government subsidies. Reducing the use of coal while promoting gas will be a fast and an effective way to solve air pollution. During 2007-2013, industrial boiler output posted a CAGR OF 16.3%. China’s boiler ownership and capacity both rank first around the world and China’s energy efficiency would be among the highest in the world. In 2013, China’s industrial boiler output kept on growing, surging by 16.71% year-on-year.

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Future prospects of Chinese boiler industry
Raw coal is the coal used for industrial boilers which is used without washing or extracting and contains high percentage of dust and sulfur with relatively large molecule sizes. Therefore it causes pollution emission level to be high (around 45%-65%) of urban air pollution and combustion efficiency of burning coal is low.
Although coal is a major input for industrial production and most often used in daily life in China but as seen from the above figure, the proportion of coal expects to decrease from 68.1% in 2010 to 59.5% in 2030 under the BAU scenario. In contrast the shares of natural gas and renewable energy are estimated to increase from 3.4% and 9.3% in 2010 to 5.5% and 15.8% in 2030
It has been forecasted that most energy-intensive products for infrastructure construction will increase until 2020 whereas the products which are closely related to everyday life are expected to increase until 2030, although at a declining rate. In 2004, the National Development and Reform Commission released the Special Plan for Medium and Long Term Energy Conservation which targeted comprehensive energy efficiency of most energy-intensive products to reach the average level of developed countries by 2020.
According to Ken Research  There are over 5,000 boiler producers in China, involving more than 500 Grade A companies, around 800 Grade B ones, about 2,000 Grade C ones and more than 1,600 Grade D ones.
Industrial boiler requires lower manufacturing qualification than power station boiler, which is the reason why such a large number of producers are equipped in the industrial boiler area like Taishan Group, Jianglian Heavy Industry, Hangzhou Boiler, Nantong Wanda and Anhui Jinding Boiler. Taishan Group is the major player covering almost all the industrial boiler products and power station boilers whereas Jianglian Heavy Industry mainly focuses on waste heat boiler and circulating fluidized bed. Hangzhou Boiler is an A-share listed company, specializing in power station boiler, waste heat boiler and some industrial boilers. According to Ken Research analyst
Topics Covered in the Report-
China Boiler Industry Research
Coal Availability in China
Natural Gas Industry in China
Coal Fired Boilers Policies China
Standards on Boiler Emission China
Gas Fired Boilers market China
China Boiler Industry Forecast
Industrial Boilers Output China
Power Station Boilers Output China
Power Station Boilers Sector China
Industrial Boiler Manufacturers China
To know more on coverage, click on the link
https://www.kenresearch.com/metal-mining-and-chemicals/mining/research-report-boiler-industry-china/29321-101.html
Related Reports
Smart Mining Market by Hardware Component (Sensors, RFID tags, Intelligent Systems), System & Solution (Logistics Software, Data & Operation Management Software, Safety & Security Systems, Connectivity Solutions, Analytics Solutions, Remote Management Sol
Mining Industry Business Confidence Report August 2016-January 2017
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: China

World Spa Industry Latest Trends: Ken Research

The experts suggest that the origin of word “spa” is said to be done from a town in Belgian named Spa, where in 14th century a sanative natural spring was discovered and the meaning of word spa itself denotes to “fountain”. In other words an area where medicinal baths are provided with mineral rich water is called spa. Spa Locations offer enormous health treatments and as well commonly known as balneotherapy. 

Spa Services can be segregated into different individual services e.g. body massage, pedicure, facial, manicure and other body treatments that offers complete revitalization of the body under expert administration. All these services are personally designed to efficiently deliver wellness, fitness, pleasure, peace and health to the users. 

The publication titled “SPA SERVICES MARKET BY TYPE AND GEOGRAPHY - GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2014-2022” offers detailed information about the latest market trends and sizes of the spa industry over the period of 2014-2022. The report as well provides an insight to the global opportunities of this industry and segregates the world spa services market on its type and geography basis.
 
The spa service market at global level has witnessed consistent innovation in past few years, since the acceptance of such services came into trend by users. Many factors are responsible for the growth of this market including: hectic lifestyle of people, innovation in spa services, inclination of teenagers towards comforting services, and preference of natural therapies.Inspite many factors driving this industry, the growth of it hindered by the low penetration this field in undeveloped or underdeveloped nation and extremely high cost of the skilled spa therapy professionals.

Many different types of spa treatments have been witnessed in the revolution of this industry, including:
    Aromatherapy
    Mud bath
    Sauna
    Steam bath
    Hair spa
    Massage
    Body wrap or mud wrap

The International Spa and Body Wrap Association (ISBWA) play a vital role in keeping up the standards of the spa service market. Many Codes of conduct have been designed by this association in order to keep up the ethics of this industry.

    Use of Effective, safe and sanitary products and treatments.
    Respect of clients privacy and dignity.
    Showcasing high levels of professionalism with honesty and ethical way.
    Committed to improve the services and treatments.
    Adhering to the rules and regulations that govern the provision of services.

With the increasing innovation in this industry, many latest trends have emerged to provide the best and efficient treatments possible. The treatments can be personalised according to the individual’s mood and requirement and deliver the best of the comforts. The latest trends observed recently are:
1.    Health and Wellness Treatments: Yoga, naturopathy, acupuncture, massage etc. are many procedures that help users solve basic to bigger problems and prevent them from consulting the doctor.
2.    Niche Spas: Cost effective and convenient spa treatments provides by new franchises providing pleasing services to clients from head to toe.
3.    Personalised Services: Customized products including oils and favourite scents continue to become the latest demand of customers.
4.    Men Treatments: Men oriented therapies for stress and pain relief like sports massage opening men more towards spa services.
5.    Customized Packages: Spa treatments have now become a regular activity in the healthy way of living to release body toxins and generate freshness in the body. Customers are now interested in follow-up services in a package form which they can take over on regular basis.

Not just one or two, various types of spa are now available in the market differentiating from location to number of people, generating options from client to service provider. The types of Spa available include: Ayurveda spa, Club spa, Day spa, Dental spa, Medical spa, Resort spa, Mineral spring spa, Mobile spa

World spa service major market players include: Four Seasons Hotel Limited, Massage Envy Franchising LLC, Emirates Palace, Jade Mountain, Trailhead Spa, LanserhofTegernsee, Six Senses Hotels Resorts Spas, Belmond Maroma Resort & Spa, Clarins Group, Gaia Retreat & Spa.

Geographic breakdown includes:
North America (US, Canada, Mexico)
Europe (Germany, Russia, France and Rest of Europe)
Asia-Pacific (China, Japan, Thailand, Indonesia, Rest of Asia-Pacific)
LAMEA (Brazil, Middle East, Rest of LAMEA)

Key Factors Considered in the Report:
•    Global Spa Centers
•    Global Hair Care Market Size
•    Global Facial Mask Market Size
•    Global Shampoo Industry Market
•    Global Skin Care Products Market
•    World Spa Industry Latest Trends
•    Retail Sales of Skin Care Products
•    Health and Beauty Products Market
•    World Spa Industry Research Report
•    Skin Care Products Manufacturing Global

To know more on coverage, click on the link below:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/spa-services-market-type-geography/48772-95.html

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