Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: Ken Research

“A steady increase in the demand for premium category cars and an increase in migrants from China due to a Pro China Policy have been driving the Car Rental Market in Philippines”.

Increase in the Number of Tourist Arrival: There has been an increase in the number of tourists arriving in the country. From 4.7 million in 2013, the number of tourists arriving in the country has increased to 7.1 million to 2018. Influx of higher number of people has positively contributed to car rental business owing to increased demand for rental cars for business trips, travel purpose and on/off airport travel.

Monopolistic Environment in the Cab Aggregator Market: Following the acquisition of Uber by Grab, the market has been led by Grab with a dominant share in the overall market. Although, new companies have recently entered the cab aggregator market in the Philippines, it has been difficult for them to capture the market due to the strong hold of Grab in the cab aggregator space.

Corporate Leasing:  Market has witnessed increased demand for leased vehicles by legal entities, as leasing provides many benefits including low monthly payments, tax benefits, prestige of having new cars after every few years and no maintenance fees.

Challenging Driving Conditions: The market is hampered by the severe traffic problem (especially in Metro Manila) and unsafe driving practices in the country. There is also lack of space for parking the vehicles in the major metro cities. All these factors have contributed to the rise in demand for car rental and cab aggregator market in Philippines.

The report Titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” by Ken Research suggested that the car rental market in Philippines has been growing due to increasing competition amongst the major domestic players. Car Rental Industry Revenue is expected to grow at a CAGR of 7.2%. Car leasing industry revenue is expected to grow at a CAGR of 6.9% and Cab Aggregator market is expected to grow at a CAGR of 12% during the period 2018-2023.

Keywords:-

Philippines Car Rental Market Research Report

Car Leasing Market Philippines

Cab Aggregator Market Philippines

Philippines Yellow Taxi Industry

Uber Company Profile Philippines

Grab Philippines Fleet Size

Budget Philippines Fleet

Hirna Car Rental Market Philippines Revenue

Diamond Rental Car Market Philippines

Car Leasing Market Challenges Philippines

Car Leasing Revenue Philippines

Cab Aggregator Trends Philippines

Car Rental Market Issues Philippines

Philippines Cab Aggregator Market Future

Philippines Car Leasing Market Future

Key Segments Covered:-

Car Rental Market By

Purpose of Hire

Leisure

Business

Insurance Replacement

Region

Luzon

Visayas

Mindanao

Type of Car

Economy

SUV/AUV

Premium

Booking Type

Offline

Online and App Booking

Car Leasing Market

Duration of Lease

First Year

Second Year

Third Year

Four Year or More

By Region

Luzon

Visayas

Mindanao

Sedans

Type of Car

Sedans

SUV/AUV

Premium

Cab Aggregator Market

Region

Metropolitan

Non Metropolitan

Yellow Taxi (Key Parameters and Fleet Size)

Key Target Audience:-

Car Rental Companies

Cab Aggregator Companies

Car Leasing Companies

Automobile Companies

Tourism Companies

Corporate Sector

Hospitality Sector

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023E

Companies Covered:-

Avis

Budget

Nissan

Europcar

Hertz

Orix

Diamond Rental

Grab

Owto

Hirna

Go Lag

U Hope

Micab

For More Information, Refer To Below Link:-

Philippines Car Rental Market

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Kuwait Vehicle Leasing Market Outlook To 2023 - By Vehicle Type (Suv/Muv, Sedan, Pickups And Luxury Segment) And By End Users (Oil & Gas, Government, Construction, Logistics And Transportation, Telecom And Electrical And Others)

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

Growing Sensor Technology Coupled with the Elderly Population with the Need of Research & Development Investments to Drive Global Healthcare Exoskeletons Market over the Forecast Period: Ken Research

Exoskeleton referrs to wearable devices or apparatus intended to work along (in tandem) with the user. These are placed on the human body & help in increasing or restoration of human performance. These can also be equipped with actuators and sensors.

According to study, “Global Healthcare Exoskeletons Market 2016-2023: Structure Analysis, Trend Outlook and Business Strategy” some of the major companies that are currently working in the global healthcare exoskeletons market are AlterG, Inc., Cyberdyne, Inc., Bionik Laboratories Corp., Motorika Medical, Kinetik Innovation, Innophys, 20KTS, Daiya, Free Bionics, B-Temia Inc., P & S Mechanics, Eksoatlet, Axosuits, Meditouch, Honda Motor Co., Ltd., Japet, Ekso Bionics, Gogoa, Panasonic Corporation (Activelink), MedEXO Robotics, Marsi Bionics, Focal Meditech, RotBot Systems, DSME, Kinetek, Laevo, Bioservo, GoXtudio, Interactive Motion Technologies, Rex Bionics, Bionic Power, Hocoma, Parker Hannifin Corporation, Myomo Inc., Exhauss, Rex Bionics Plc., Comau, ReWalk Robotics Ltd., U.S. Bionics, Inc. (suitX).

On the basis of type global healthcare exoskeleton market is segmented into passive exoskeleton and powered exoskeleton. Based on extremities, market can be segmented into upper extremity and lower extremity. Based on technology wearable exoskeleton, market is segmented into NASA’s X1 robotic exoskeleton, human prosthetic enhancement, Titan Arm, HAL 5 hybrid assisted limb and MindWalker. The wearable robots use depend on speed & the strength in the person which monitors them. Additionally, soft exosuits form wearable robots used in strengthening soft areas for instance ankles & hips.

The global healthcare exoskeleton is primarily driven by growing sensor technology, the growing elderly population worldwide, growing research & development (R&D) investments made in the robotics industry, increasing the prevalence of musculoskeletal disorders, technological advancements and the growing adoption of wearable devices. The growing trend of human augmentation is a big opportunity for the market. In addition, full body exoskeletons lack movability in their shoulder & back parts, resulting in limited applicability like nursing care.

In 2017, the global healthcare exoskeleton market was valued at around US $118 million. It is estimated that the market will be grown rapid due to an increasing number of physically disabled people. North America surfaced as the prime market for this exoskeleton market with more than 40% share of the entire global market. The U.S. was foremost the region with the maximum growth rate, owing to the presence of advanced healthcare facilities & the boost in the number of people with physical disabilities. Additionally, the increase in the demand for healthcare exoskeleton in rehabilitation centers and the presence of key market players are other factors accelerating the enlargement of the market in this region. In addition, Europe is likely to be the second biggest market throughout the forecast time due to presence of advanced rehabilitation centers and favorable reimbursement policies. Moreover, The Asia Pacific region is anticipated to witness the growth in the near future with emerging economies, such as India and China, are expected to dominate the region. The growth in this region is down to the increasing number of geriatric & disabled population.

For more information, click on the link below:

Global Healthcare Exoskeletons Market

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

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Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023: Ken Research

The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. The report covers various aspects including Business Models, Company Profiles, Competition Scenario, Cross Comparisons, Segmentation, Regulatory Environment, Growth Drivers, Issues and Challenges of Car Rental, Car Leasing and Cab Aggregator along with a Snapshot on Yellow Taxi. The report concludes with market projections and analyst recommendations, highlighting the major opportunities and cautions.

Market Overview

Philippines Car Rental Market

Philippines Car Rental Industry Revenue has grown at a positive CAGR during the period 2013-2018. This growth was supported by the increase in the number of tourist arrivals in the country, government initiatives to promote tourism and rise in fleet size along with general economy and business trip growth. The market faces challenges such as the inconsistent local transportation, highly congested roads and unsafe driving practices. The car rental market is concentrated with a few players. Major global players such as Avis, Hertz, Nissan Rent-A-Car and Europcar are well established in the market. Economy cars dominated the market of car rentals in Philippines in the year 2018. The segment has grown due to its affordability, more compact cars on the roads due to increasing traffic problems and increasing business related trips to the country. Car rental for leisure purpose contributed a major share for the industry in 2018. Rented cars are majorly demanded by tourists who visit the country for holidays or recreational purposes. Luzon contributed the highest revenue share in the overall car rental market in Philippines in the year 2018. Luzon provides the maximum business to car rental industry owing to its high population, diverse tourist attractions and business establishments.

In the future, it is expected that the demand for rented cars will be augmented largely due to the growth in the tourism industry, supported by the government initiatives and improvement in infrastructure, construction and real estate sector in the country.

Philippines Cab Aggregator Market

Philippines Cab Aggregator market is at the growing stage supported by the factors such as, mobile phone and internet penetration, affordability offered by ride sharing service, consistent means of transportation, professional service offered by the cab drivers, convenience experienced by customers while booking cabs through internet based applications.

The market faces challenges such as slow speed of internet, less coverage in the non metropolitan regions and a monopolistic environment for the new companies to establish. Grab has a monopoly in the Cab Aggregator Market. The maximum number of cabs is mainly in the metro cities due to the better access to the internet facility and high demand from the daily commuters as the public transportation is weak in the region.

Philippines Car Leasing Market

Philippines Car Leasing market is at the growing stage supported by the rise in demand by legal entities, and influx of Chinese immigrants following the Pro China Policy of Philippines. The market faces challenges such as companies engaging in price wars, absence of a regulatory body and car leasing companies facing problems while reselling the used vehicles. The car rental market is concentrated with a few players such as Nissan Rent- A- Car, Europcar and Hertz. Sedans dominated the market of car leasing in Philippines in the year 2018. The segment is driven by the factors such as corporate leasing for employee commute and rise in business activities where Sedans are preferred due to affordability. Three year lease period contributed the most to the overall market of car leasing market in Philippines in the year 2018. The segment is majorly preferred as after the duration of three years, the additional cost (maintenance, insurance and repairs) rises, also, the client does not have to bear the cost of finding a new vendor each year and upgrade to newer models. In future, it is anticipated that Philippines car leasing industry revenue will increase at a positive CAGR during the period 2018–2023E. In Philippines, it is expected that the demand for leased cars will be further augmented largely due to the cultural habit of local people of the country to experience newer car models, higher expat ratio and introduction of electric vehicles in the country.

Key Segments Covered:-

Car Rental Market By

Purpose of Hire

Leisure

Business

Insurance Replacement

Region

Luzon

Visayas

Mindanao

Type of Car

Economy

SUV/AUV

Premium

Booking Type

Offline

Online and App Booking

Car Leasing Market

Duration of Lease

First Year

Second Year

Third Year

Four Year or More

By Region

Luzon

Visayas

Mindanao

Sedans

Type of Car

Sedans

SUV/AUV

Premium

Cab Aggregator Market

Region

Metropolitan

Non Metropolitan

Yellow Taxi (Key Parameters and Fleet Size)

Key Target Audience:-

Car Rental Companies

Cab Aggregator Companies

Car Leasing Companies

Automobile Companies

Tourism Companies

Corporate Sector

Hospitality Sector

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023E

Companies Covered:-

Avis

Budget

Nissan

Europcar

Hertz

Orix

Diamond Rental

Grab

Owto

Hirna

Go Lag

U Hope

Micab

Key Topics Covered In this report:-

Philippines Car Rental Market

Philippines Car Rental Industry

Philippines Vehicle Rental Industry

Philippines Car Rental Market Revenue

Philippines Car Rental Market Major Players

Car Leasing Market Philippines

Electric Vehicle Market Philippines

Cab Aggregator Market Philippines

Uber Company Profile Philippines

Budget Car Rental Philippines Fleet

Diamond Rental Car Market Philippines

Philippines SUV Car Rental Market

Philippines Premium Car Rental Market

For More Information, Refer To Below Link:-

Philippines Car Rental Market

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Costa Rica Car Rental, Leasing, Cab Aggregator And Red Taxi Market Outlook To 2023 - Driven By Inbound And Domestic Tourist Arrivals And Integration Of Electric Vehicles In Current Fleet

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

Increasing Landscape Of The Global Digital Marketing Spending Market Outlook: Ken Research

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Furthermore, the players of this market are employing the young work with the innovative ideas of promoting the product or services for generating the high amount of revenue and leading the fastest market growth during the forecasted period across the globe with the handsome value of share more positively. According to the report analysis, ‘Global Digital Marketing Spending Market Size study, by Type (Search Ads, Display Ads, Social Media, Email marketing, Others), by Application (Desktop, Mobile) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this sector more actively for dominating the highest value of market share and leading the fastest market growth during the forecasted period with the significant developments in the technology of marketing and techniques of promoting the product and services which further increase the demand of both the product and digital marketing includes Comcast, AT&T, P&G, Verizon, General Motors, American Express, Fiat Chrysler, Ford, Johnson & Johnson, JPMorgan Chase, L'Oreal, Nissan, Pfizer, Toyota, Unilever and several others.

In the recent trend, the Digital marketing has become the most active and fastest growing marketing method with the introduction of new and innovated technologies. The Digital marketing spending is the expenditure on the promotion of products or services utilizing the digital technology, majorly on the internet but also involving the mobile phones, display advertising and any other digital means. Moreover, the Digital marketing offers several advantages such as prevailing form of marketing, cost effective marketing, it enables you to object the ideal buyers, most assess able type of marketing, it supports to reach consumers with the social media, SEO and local SEO ensure to influence more competent buyers online, effortlessly&rapidly adopt strategy and tactics for the effective result and it enables the business to be more competitive.

On the basis of region, the market is extent around the globe more positively which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific is estimated to exhibit supreme growth rate/CAGR over the forecast period of 2018-2025 due to the improving strong internet infrastructure and progressions in digital technology around the underdeveloped countries such as China and India. The North America is also the leading/significant region around the globe in terms of market share due to rising popularity of social media coupled with speedy shift toward online shopping around the region. Europe is also expecting to project a foremost growth in the global Digital Marketing Spending market. 

Additionally, the global market of Digital Marketing Spending is continuously growing across the globe over the coming years. The foremost driving factor of global Digital Marketing Spending market are increasing the proliferation of digital marketing software and rising the digital transformation around the globe. In addition growing usage of smart phones and the obtain ability of cheap internet offers are also some factors which boosting the market growth of digital marketing spending. Therefore, in the near future, it is anticipated that the market of global digital marketing spending will increase more positively over the recent few years.

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

Global Digital Marketing Spending Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Rise in Number of Neuro Surgery Performed, Followed by the Growth of Geriatric Population with Rapid Increase in Number of Robotic Surgeries to Drive the Neurosurgical Robotics Market: Ken Research

Neurosurgery is the process of diagnosis & treatment of neurological disorders for instance Alzheimer’s disease, strokes, Parkinson’s disease, degenerative diseases, aneurysms, and trauma to the spinal cord & brain. Neurosurgery surgical robot aids surgeons in performing composite surgeries with more flexibility and precision. These surgical robots are preferred in minimally invasive surgeries or MIS and for the better precision. MI robotic neurosurgery or robotic neurological minimally invasive surgery (RNMIS) adds to an ideal option over the medical centers, patients and surgeons. The surgeon monitors the system by a computer console placed in the operating room. The console has a camera that gives detailed three dimensional or 3D images of the operating site. Some benefits are increased accuracy, better outcomes, lower risk of surgical site infection, sooner recovery and shorter hospital stay etc.

According to study, “Global Neurosurgical Robotics Market 2016-2025: Market Size, Share, Forecast and Strategy” some of the major companies that are currently working in the global neurosurgical robotics market are Brainlab AG, Renishaw plc, DePuy Synthes (Johnson & Johnson), Shenzhen Institutes of Advanced Technology (SIAT), KUKA AG, Mazor Robotics Ltd, Medtronic Inc., SONOWAND AS, Simbionix USA Corp., THINK Surgical Inc., Auris Surgical Robotics, Inc, Zimmer Biomet Holdings, Inc. / Medtech, Smith & Nephew Plc., Stryker Corp. / MAKO. All these vendors are deploying advanced techniques & strategies to increase novel processes for manufacturing of technologically improved neurosurgery surgical robots.

Some current neurosurgical robotics systems are ROSA robot, Renaissance guidance system and Neuromate robot system. ROSA has been used widely for stereo electro encephalography (sEEG) electrode implantation through a high degree of accuracy. Renaissance guidance system uses in spinal surgery, to support with pedicle screw placement. Furthermore, Neuromate robot system consists of a gadolinium-enhanced magnetic resonance imaging (MRI) and may also contain other forms of functional imaging or vascular imaging. Additionally, some other robotic systems include Puma 200, Pathfinder, Neuromate,Neuroarm, Steady hand system, the spine assist, Neurolocate, Expert, iArmS, Da Vinci, Spinal robotics, SOCRATES, Augmented reality systems, Isys1 ROBOT, and Neurosurgical lasers etc.

The market of global neurosurgical robotics is primarily driven by rise in the number of neurosurgery performed, followed by growth in geriatric population, rise in minimally invasive surgeries, rapid increase in the number of robotic surgeries,increase in the purchasing power of hospitals and increase in incidence of neurological disorders. Additionally, some restraint factors are lack of skilled professions and high cost of neurosurgery surgical robots.

In 2017, North America accounted for the foremost share of the global market as a result of rapid progress in the health care industry and high adoption of advanced health care devices in the region. Moreover, Latin America and Asia Pacific are expected to be highly lucrative markets on account of increase in the number of hospitals, large population base, and rise in government investment for the development of health care in the regions. The global neurosurgical robotics market is anticipated to grow at a compound annual growth rate or CAGR of 18.8% through 2025. In upcoming years, it is estimated that the future of this market will be bright due to augment in adoption of technologically advanced health care devices.

To know more, click on the link below:-

Global Neurosurgical Robotics Market

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

Growing Dynamics Of The Global Digestive Enzyme Market Outlook: Ken Research

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Furthermore, the market players of this region are improving the efficiency of this while improving the techniques of functioning the task and employing the young workforce for working more efficiently and producing an efficient amount of outcome at a reasonable price which further decrease the price of this and increase the demand across the globe. This also become beneficial for acquiring the highest value of market share and leading the fastest market growth across the globe during the reviewed period. According to the report analysis, ‘Global Digestive Enzyme Market Size study, by Origin (Animal, Plant, Microbial, Others), by Application (Additional Supplements, Medical & Infant Nutrition, Sports Nutrition) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this sector more actively for dominating the high value of market share across the globe and leading the fastest market growth during the forecasted period more positively while enhancing the technologies of producing the product with the techniques includes Klaire Laboratories, AMD Telecom S.A., Enzymes Inc., Proteozymes, National Enzyme Company, Enzymedica, AST Enzymes, VEMO 99 OOD, Advanced Vital Enzymes Pvt. Ltd., Zeus Biotech Limited, Vox Nutrition Inc., Enzyme Bioscience Pvt. Ltd., Metagenics, XYMOGEN Inc., Douglas Laboratories, Thorne Research, Integrative Therapeutics LLC, Pure Encapsulations, Ortho Molecular Products Inc., Designs for Health Inc., Master Supplements Inc., and several others.

The Digestive enzymes defines to the collection of enzyme that divide the polymeric macro molecules into their slighter building blocks, in the direction to simplify their absorption by the living body. Such are initiate in the digestive swathes of animals and in the snares of carnivorous plants, where they assistance in the digestion of food as well as inside the cells particularly in their lysosomes, where they perform to handle the cellular survival. Moreover, the Digestive enzyme proposals several advantages such as decrease the stress on the digestive system, deplete the inflammation in the gut, rise the nutrient assimilation from meal, enhance cellular energy production, support for decreasing the autoimmunity, develops the digestion of food and enhance the skin and tissue healing.

Additionally, on the basis of region, the market is spread across the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. Whereas, Europe is expecting to project a foremost growth in the global Digestive Enzyme market due to the developing standard of living. North America is also a leading/significant economy across the globe in terms of market share due to the increasing instances of digestive disorders among the population and rising demand for preventive medicine. Nevertheless, the Asia-Pacific is also expected to demonstrate the higher growth rate/CAGR over the forecast period of 2018-2025 owing to increasing the aging population suffering with digestive problems and inclination for oily and spicy food.

Additionally, the foremost driving factor of global Digestive Enzyme market are rising prevalence of lifestyle-oriented diseases and growing consumer expenditure on food supplements. Therefore, in the near future, it is anticipated that the market of digestive enzymes will increase around the world more positively over the forecasted period.

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

Global Digestive Enzyme Market

Related reports

https://www.kenresearch.com/healthcare/pharmaceuticals/digestive-enzymes-market/169388-91.html

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249