The Rising Infrastructural Growth in Saudi Arabia will Increase the Demand for Facility Services particularly in Commercial Sector: Ken Research

 

1.  50+ Facility Management Service Provider Market has huge profitability scope at its growing stage

During the emerging phase till 2000s, facility management services was demanded for basic service including cleaning, security, and maintenance. The market was driven by the motives of cost-cutting and outsourcing non-core services. The demand for both hard and soft services started increasing during the growing phase with MEFMA being set up and many big players venturing into market.

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2. Giga projects have been designed to stimulate overall economic growth which is expected to boost the KSA Facility Management Market

Saudi Arabia's giga-projects, designed to create new ecosystems and unlock new sectors, are heavily facilitated and promoted by technology and knowledge. Due to their sheer size, giga-projects help to diversify the economy away from oil by stimulating the economy and expanding beyond the real estate and infrastructure sectors. There are currently five giga-projects in the Kingdom and ~$1060 Bn has been incurred towards the completion of Vision 2030 Giga Projects.

3. Due to which Saudi Arabia Facility Management Market is expected to grow at a CAGR of 7.8% during 2021-26

Residential units would be a major booming segment to focus on due to the rising younger population, ex-pats, government-sponsored affordable housing programs to the poor population. In future years, companies need to increase their service portfolio adding new building management, energy management services and other as per the changing demand patterns.

4. Adoption of advanced technology, Integrated services has altered the growth of facility management in KSA

BIM technology enables organizations to visualize specific components of a space, including structural elements. Machine learning enables building systems to automatically collect and analyze data in order to predict outcomes. Smart Building Technology is used to automatically controls a facility’s operations, including heating, air conditioning, lighting and security. Increasing number of multinational companies have begun outsourcing contracts for integrated facilities management. International companies are forming a strategic alliance with local companies to penetrate the Saudi Market.

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

KSA Facility Management Market Outlook to 2026F: Ken Research

 In conversation with Mr. Jan Frank, Country Director, Arctic Wolf Global, Vietnam, we tried to understand the Cold Chain Industry in Vietnam. We also discussed the challenges faced and factors driving the industry growth.

“The number of participants and investment trends in cold supply chains are driving the rapid growth of the Vietnam cold chain sector; however, variable electrical voltage and expensive cold store set up costs are the industry's key obstacles.”

Q1. How would you like to describe the Cold chain industry in Vietnam?

The industry is constantly growing, which is mainly fuelled by a large number of players. There are some big players like Lineage, Transimex, ITL, and Lotte logistics. Additionally, the burgeoning middle class's rising income opens up additional opportunities for customers to buy high-quality, fresh organic goods. As a result, there is a rise in the need for cold storage, which drives up investment patterns in cold supply chains and opens up new business opportunities.

Q2. Can you tell us about the challenges faced by the cold chain companies in Vietnam?

Longer construction times than for other types of logistics buildings present a barrier for the cold storage sector. Additionally, the cost of building might be up to two or three times higher than that of a typical warehouse. Due to the high cost, starting a large-scale cold storage project requires a significant financial commitment; therefore, a sustainable cold storage requires a minimum investment of 10,000 pallets and lack of stable voltage presents another significant operational challenge, making it difficult to maintain a steady temperature in particularly big warehouses.

Q3. Which are main hubs of cold storage warehouses in Vietnam?

Vietnam's key economic regions in the Southern provinces, especially around HCM and Hanoi account for majority of the cold storages. The northern region has adequate supply of cold warehouses to fulfil the demand of the end users. The Foreign enterprises are the potential investors in the cold storage market by owning the professional team and modern equipment.

Q4. What effects has the COVID 19 outbreak had on the Vietnamese Cold Chain Industry?

During the lockdown, as people' purchasing patterns changed from purchasing fresh goods from neighbourhood wet markets to turning to internet grocery retailers, the pandemic also highlighted the critical role of the cold chain. The increase in demand is forcing players to develop extra cold storage space in order to manage the unpredictable nature of imports that have been disrupted over the past two years, which has caused a construction boom in the nation.

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Q5. Where do you think would are the major developments for cold storage industry in the country?

Since the northern region has adequate cold storages to cater to the current demand, additional cold storage warehouses are expected to open in other regions of the country to reduce the demand supply gap. Majority of the new cold storages are being built in the Southern region (including HCM and Mekong delta) owing to the increase in industrial developments by the Vietnamese government in the area. 

Q6. Who are the major end users of the cold chain services in Vietnam?

Currently, cold preservation systems are mainly applied for seafood, while other agricultural products only see a very low application level of these systems in Vietnam. Since Vietnam is one of the largest exporters of seafood, meat and seafood account for more than 60% of the total cold chain market also the market for processed meat will grow by an average of 11.8% between 2021 and 2025, which will further increase demand and ensure that the Meat and Seafood continues to dominate the Vietnam cold Chain market.

Q7. What are some of the new technology trends which are followed by the cold chain players in Vietnam.

One of the main problems with Vietnam's tech advancement is the high cost of choosing automation in cold storage.  However, the cold chain market in Vietnam is experiencing significant technological advancements, and players are employing cutting edge technologies like RFID and WMS to cater to the end user demand. Some players are experimenting with solar power in their cold storage facilities.

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

Vietnam Cold Chain Market

Due to rapid increase Foreign Infrastructural Investments, Improving Connectivity along with government support is fuelling the expansion of Logistics Industry in Myanmar: Ken Research

 Sea Transport Sector is the Dominant Mode of Transportation in Myanmar: Myanmar has an extensive sea network that is well positioned to serve the country’s main transport corridors, including the link between Yangon and Mandalay. The Port of Yangon is the premier port of Myanmar and handles about 90% of the country's exports and imports. Trade flow has dramatically increased to USD 27 billion in 2016-17 from USD 18 billion in 2012-13.

Tax Incentives within Special Economic Zones in Myanmar: Myanmar has developed special economic zones in three areas – Dawei, Thilawa and Kyaukphyu – for international investors and multinational companies as developers and partners. There is an Income tax exemption for the first 7 years from the date commercial operations commence within the free zone. Also there is 50% income tax reduction for the second 5 year period for businesses within the free zone or the promotion zone. The Myanmar SEZ Law is aimed at helping the country develop economic momentum and to bring about improvements in the goods processing, trading and services sectors.

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Rise in E-Commerce in Myanmar: Myanmar’s e-commerce firms have seen a spike in sales during covid with consumers stocking up on hand sanitizers, & other essential items. The numbers of a startup have emerged and come up with the door to door delivery service for the major use of grocery items. The E-Commerce showed a growth rate of ~27% in FY’20. SHOP.com.mm, the local arm of Chinese e-commerce giant Alibaba Group, sold over USD 90,000 worth of goods in the first hour of its first online sale.

Increase in Bonded Warehouses: Custom warehousing can help simplify export and import processes by lowering the advance income tax burden. The aim of bonded warehouses is to align local customs warehousing procedures with international standards and reduce import restrictions on Myanmar goods. The first company in Myanmar to have the opportunity to operate a bonded warehouse is Daizen Myanmar Company. Yangon handles 795,000 TEU of which the proposed 12 bonded warehouse represents capacity of 170,000 TEU or 21% of total container throughput.

Technological Advancements: Radio Frequency Identification, Drones, Robots, Cloud Storage are some of the technological advancements that are changing the face of the warehouse industry in Myanmar. DHL uses Autonomous mobile robots (AMRs) and Stationary robots clean facility floors or for surveillance. DB Schenker’s has implemented NexGen Warehouse Management (NGW) System in Myanmar which is fully customizable and has extensions for various verticals. Introduction & adoption of technologies such as telematics, V2V communications, and tracking to have a strong influence on delivery & service offerings.

Competitive Landscape in Myanmar Logistics Industry:

The competition is highly fragmented with a large number of enterprises within Freight Forwarding, warehousing and CEP segments. It is highly competitive on the basis of type of fleet, number of warehouses, warehousing space, freight volume, clients, and more.

The major freight transport and logistics services players are private companies, except the railway freight operation undertaken by Myanmar Rail (MR) and Inland Waterway Transport (IWT). Most of the companies operating in the country’s logistics sector are small and medium-sized enterprises. Yusen Logistics, DB Schenker, DHL, CEA Project Logistics, DAMCO, RG Logistics, Kerry Logistics, Premium Worldwide are some prominent logistics players active in the market.  Players like EMS & Myanmar Post, Ninja Van, Bee Express, SBS Express, and Royal Express offer Courier and Express Services in Myanmar. Though the market has a presence of several leading players from all over the world, it is still a fragmented market without any dominant players.

The report titled “Myanmar Logistics Industry Outlook to FY'27F: Driven by Foreign Infrastructural Investments and Government Support but held back by Covid and unstable political conditions in Myanmar” by Ken Research suggests that the Logistics market is further expected to grow in the near future as there is an increase in the foreign infrastructure investments and government support to make Myanmar a Logistics hub. The government has established a Policy of Trade facilitation and logistics which will upgrade the capacities of international logistic enterprises & improve transport infrastructure. Myanmar has large opportunities to grow quickly, through enhancement of industrialization, necessary infrastructure, a well-established logistics system. The market is expected to register a positive five year CAGR of 12.6% in terms of revenue during the forecast period FY’22-FY’27.

Key Segments Covered in Myanmar Logistics Industry

Myanmar Logistics Market

• Market Size by Revenue, FY’18-FY’27
• Market Segmentation by Freight Forwarding, warehousing, CEP , VAS Market by Revenue, FY 18- FY’27

• Road Freight Market Segmentation on the basis of Type of Fleet Operators, FY’22 and FY’27 (Small Fleet Operators, Medium Fleet Operators, and Large Fleet Operators)
• Market Segmentation on the basis of 3PL/ Integrated by revenue, FY’22 and FY’27
• Market Segmentation on the basis of Type of Mode by revenue, FY’22 and FY’27 (Sea, Road, Air, and Rail),
• Market Segmentation on the basis of Domestic/ International by revenue, FY’22 and FY’27
• Market Segmentation on the basis of Type of End Users by revenue, FY’22 and FY’27 (Food and Beverage, Industrial & Construction, Retail, Automotive and Engineering, and Others)
• Market Size by Revenue generated, FY’18-FY’27

Myanmar Freight Forwarding Market (Volume by Mode of Freight, Revenue, Price per ton per km, Average Distance Travelled)

Myanmar Warehousing Market (Total Area, Revenue, Average Occupancy Rate, Price per sqm per month)

• Market Size by Revenue generated, FY’18-FY’27
• Market Segmentation on the basis of Type of Warehousing Space, FY’22 (Tech/ Non-Tech, Organized/ Unorganized, and Racked/ Unracked)
• Market Segmentation on the basis of Business Model by warehousing space, FY’22 and FY’27 (Industrial/ Retail Warehouses, Container Freight/ ICDs, and Cold Storage)
• Market Segmentation on the basis of Type of Area by warehousing space, FY’22 and FY’ (open/ closed)
• Market Segmentation on the basis of 3PL/ Integrated by revenue, FY’22 and FY’27
• Market Segmentation on the basis of Type of End Users by revenue, FY’22 and FY’27 (Food and Beverage, Industrial & Construction, Retail, Automotive & Engineering, Pharma, and Others)
• Market Segmentation on the basis of Type by regions by warehousing space, FY’22 and FY’27 (Yangon, Mandalay, and others)

Myanmar CEP Market (number of shipments, Revenue, Average E-Commerce Logistics cost)

• Market Size by Revenue generated, FY’18-FY’27
• Market Segmentation on the basis of Type of Domestic/ International Shipments, FY’22 and FY’27
• Market Segmentation on the basis of Business Model by revenue, FY’22 and FY’27 (B2B, B2C, C2C)
• Market Segmentation by Type of Shipments, FY’22 and FY’27 (Same Day, Next Day, 2 Days, More than 2 Days)

Key Target Audience

• Freight Forwarding Companies
• Warehousing Companies
• Express Delivery Companies
• Investors/ Real Estate Developers

Time Period Captured in the Report:

• Historical Period: FY’2018-FY’2022
• Forecast Period: FY’2023-FY’2027

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Logistics Companies in Myanmar:

Freight and Warehousing Players

• Phee Group
• Sea Lion
• Schenker
• Great Alpha Logistics
• DIL
• KTN Transportation
• Indo Trans Logistics
• Elan Logistics
• Gandamar Shwe Pyi
• Advantis
• Kospa
• CEA Project Logistics
• CJ Logistics
• DAMCO
• N-Box Shipping

CEP Players

• EMS and Myanmar Post
• SBS Express
• Royal Express
• Magnate Group Logistics
• Nippon Express
• United Courier Services
• Ninja Van
• Bee Express

Key Topics Covered in the Report

• Country Overview
• Import and Export Scenario in Myanmar
• Overview of Myanmar’s Logistics Infrastructure
• Logistics Infrastructure in Myanmar: Airports, Seaports, Rail Network and Road Network, Economic Zones in Myanmar
• Trends and Developments in Logistics Industry in Myanmar
• SWOT Analysis in Logistics Industry in Myanmar
• Government Initiatives in the Myanmar Logistics Industry
• Issues & Challenges in Myanmar Logistics Market
• Impact of Covid-19 & Military Coup in Myanmar
• Ecosystem of Major Entities in Myanmar Logistics market
• Freight Aggregator Market Along with Business Models
• Bonded Warehouses in Myanmar
• Technological Innovations in Warehousing Industry
• Myanmar Logistics Current and Future Market Size on the basis of Revenue
• Myanmar Logistics Current and Future Market Segmentations
• Scenario of E-Commerce in Myanmar
• Competition Landscape in Freight Warehousing & CEP Market in Myanmar

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

Myanmar Logistics Industry: Ken Research

Related Reports by Ken Research: –

Iraq E-Commerce Logistics and Warehousing Market

UAE E-Commerce Logistics Market

Australia Logistics Market

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Philippines Auto Finance Market Growth, Analysis and Outlook to 2026: Ken Research

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Philippines Auto Finance Market Overview

Philippines is 2nd fastest growing vehicle market in ASEAN with Commercial vehicles with higher market share and the market has observed the maximum growth in the automotive industry in ASEAN Countries, with automotive loan outstanding growth in the last five years mainly due to population increase and economic growth. The Auto Finance Market is in the Growing Phase with Banking Institutions and NBFCs leading the Market and Online Aggregators Platforms entering the Market with the Introduction of Online Personal Loan aggregator Platforms in the market to provide ease in vendor selection process like BSP pay, Pesopay are among the top aggregator, Better Technological Infrastructure in the form of growing Auto Finance platforms and rising usage of AI and ML for better Auto lending experience will lead the future growth of the industry. Innovative Business Models such as Subscription Lending & shared ownership may grow in future to increase car financing. The market is still expected to a good growth in Auto Finance Market of Philippines.

How Is Rapid Auto Finance Market Is Positioned In Philippines?

Philippines Auto Finance Market Overview

Philippines Auto Finance Market is Expected to grow at a  good  CAGR  in between 2021 and 2026F, one of the major determinants for the surging growth in coming years is the Increasing Population and growing income levels leading to rise in sales of cars , the rise in Auto Outstanding Loans in Philippines, the increase in Auto Loan Outstanding is expected a high growth rate between 2021F-2026F, High-Mid range car models are expected to witness strong success as the majority of car buyers segment includes the High Income people leading to larger Loan amount per customer, Expectation of high growth in car sales especially in Green cars as the government is building the infrastructure like the charging point at public parks. Higher digitization and usage of Artificial Intelligence and Machine Learning to improve customer convenience. New Business Models such as Subscription Lending, Shared ownership financing are coming into play which will lead the way for high growth rate in the Philippines Auto Finance Market.

Competition Scenario in Philippine Auto Finance Market

Philippines Auto Finance Industry is expected to witness growth in future owing to reasons such as Increasing demand for automotive, growing income levels, new and innovative business models and more. Major Institutions include Security Bank, Robinson Bank, First United Finance and Leasing Corporation, East West bank, Asia Link Finance Corporation. Other players in the market includes Yulon Finance Philippines Corporation, MetroBank, Welcome Bank, TFSPH, Bank of Philippines Island, BDO Unibank, Malayan Insurance, Land Bank of Philippines, Development Bank of Philippines, Union Bank, Sterling Bank of Philippines, Pen Bank, The Philippine Bank of Communications. Companies in Auto Finance Market in Philippines are competing based on Interest Rate Offered, Loan Tenure, Deals Offered, Convenience and Extra Fees Charged.

Key Segments Covered:-

Philippines Auto Finance Market

By Category of Lenders (By Credit dispersed), 2021 & 2026F

Universal and Commercial Banks

Thrift Banks

NBFCs

Captives

By Type Of Vehicles (By Credit dispersed), 2021 & 2026F

Two and Three Wheelers

Four Wheelers

Buses and Trucks

By Type of Ownership (By Credit dispersed), 2021 & 2026F

Used Cars

New Cars

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By Category of Vehicles (By Credit dispersed), 2021 & 2026F

Passenger Vehicles

Commercial Vehicles

By Loan Tenure (By Credit dispersed), 2021 & 2026F

12 – 24 Months

25 – 48 Months

By Geographical Location (By Credit dispersed), 2021 & 2026F

Region I

Region II

Region III

Region IV – A

Region IV – B

Region V

Region VI

Region VII

Region VIII

Region IX

Region X

Region XI

Region XII

NCR

A.R

CARAGA

Key Target Audience

Banks and its Subsidiaries

NBFCs

Captive Finance Companies

Government and Institutions

Automobile Companies

Car Dealers

Government and Institutions

Existing Auto Finance Companies

OEM Dealerships

New Market Entrants

Investors

Auto mobile Associations

Time Period Captured in the Report:

Historical Period: 2016-2020

Base Year: 2021

Forecast Period: 2022– 2026F

Companies Covered:

Asialink Finance Corporation

Yulon Finance Philippines Corporation

Security Bank

MetroBank

Welcome Bank

Toyota Financial Services Philippines Corporation (TFSPH)

Bank of Philippines Island

BDO Unibank

Malayan Insurance

Philippine Depository and Trust Corporation

LBP leasing and Financing Corporation

Robinsons Bank

The Philippine Bank of Communications (PBCOM)

Land Bank of Philippines

Asia United Bank

Development Bank of Philippines

Union Bank

Sterling Bank of Philippines

Penbank and more

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

Philippines Auto Finance Market

Related Reports By Ken Research:-

KSA Auto Finance Market Outlook to 2026F

Singapore Auto Finance Market Outlook to 2025 (Edition II)

Thailand Auto Finance Market Outlook to 2024

Initiatives of Vision 2025, to achieve 100% clean water bodies for waste water will ensure business sustainability in KSA

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1. KSA Industrial Waste Water Treatment Market is Anticipated to Grow at a CAGR of 12.9% during the Period 2022 – 2026F, owing to growth in Waste Water Management Sector
   

   Currently, there are thirty-three wastewater treatment plants in Saudi Arabia with a total capacity of more than 700 million cubic meters per year. Fifteen more are under construction. Growth in upstream oil and gas industry will boost demand for waste water treatment capacity. Emphasis by government and civil society to clean water bodies and goal achieve 100% by 2025\

   

2. Latest Technology Used in KSA Waste Water Treatment Market will change market forever.

 

Nano Technology- Nanotechnology refers to a broad range of tools, techniques and applications that simply involve particles on the approximate size scale of a few to hundreds of nanometers in diameter.

Desalination - Even though desalination is an old concept it is being used at increased level in KSA. Desalination refers to the removal of salts and minerals from a water and make it potable for drinking and other commercial purposes.

Moving Bed Bio Reactor - MBBR technology employs thousands of polyethylene biofilm carriers operating in mixed motion within an aerated wastewater treatment basin. Each individual biocarrier increases productivity through providing protected surface area to support the growth of heterotrophic and autotrophic bacteria within its cells.

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3. With this More than Fifteen Waste Water Treatment Plant is under construction. Water reuse in Saudi Arabia is growing in both urban and rural areas.

Region is considered the largest market for Waste Water Treatment Plant in the kingdom because Western major industries are concentrated towards western region. Wastewater treatment coverage varies within Saudi Arabia a lot. In Daman city, a total of 78% of the wastewater is treated. In the capital city Riyadh 60% of the wastewater is treated. Whereas in Jeddah only 50% of wastewater is treated. In some cities such as in Najaran and Al Baha no centralized wastewater treatment is taking place.

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

KSA Industrial Waste Water Treatment Market: Ken Research

The Vietnam cold storage sector is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines: Ken Research

 1. Cold storage demand in Vietnam is high with 90% occupancy rate at nearly all facilities with highest share from export industry rather than for domestic consumption

The occupancy rate in the cold storage market has been increasing owing to undersupply of cold storage warehouses, especially in the major cities and ports where demand for cold storage is exceeding the supply. The occupancy rate is high due to need for preserving seafood, agricultural products, and fresh food. Although highest share of cold storage is in southern Vietnam, it is still overloaded with the increasing demand for food and essential goods for nearly 9.0 million people in Ho Chi Minh City.

2. Vietnam cold chain market is anticipated to grow owing to increase in trade, food delivery expansions and infrastructural projects in future

With huge investment in cold storages and rising power prices & labour cost in the country along with rising automation and tech advancements in the country, storage cost is expected to increase in the future. Logistics players like Lineage, Transimex, Hung Vuong Corporation and others are to expand cold storage infrastructure facilities to accommodate the boom in demand for fresh produce and meat, driving the market growth.

3. Advanced sortation systems like drones, IoT, automated guided vehicles are some of the few emerging technologies in Vietnam Cold Chain Market

Automated Guided Vehicles (AGVs) are portable machines that navigate themselves through floor stickers, radio waves, vision cameras, wires, magnets, or lasers. In future many warehouses will be able to use drones to track their inventory. This will give warehouses of all sizes the ability to conduct comprehensive inventory counts and audits at the drop of a hat. The IoT can help warehouses to reduce risk and avoid mistakes or accidents that can create losses in the supply chain by early detection.

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Key Segments Covered in the report

Vietnam Cold Chain Market

• By End User
  • Meat and Seafood
  • Fruits and Vegetables
  • Dairy and Bakery
  • Vaccination and Pharmaceuticals
  • Others

• By Ownership
  • 3PL Cold Chain Facilities
  • Owned

Vietnam Cold Storage Market

• By Temperature Range
  • Frozen
  • Chillers
  • Ambient

• By Automation
  • Non-automated Pallets
  • Automated Pallets

• By End User
  • Meat and Seafood
  • Fruits and Vegetables
  • Dairy and Bakery
  • Vaccination and Pharmaceuticals
  • Others

• By Major Cities
  • Ho Chi Minh
  • Hanoi Capital
  • Binh Duong
  • Long An
  • Other

Vietnam Cold Transport Market

• By Truck Type
  • Reefer Vans/Trucks
  • 20-foot reefers
  • 40-foot reefers and others

• By Mode of Transportation
  • Land
  • Sea
  • Air
  • In Land Water ways

• By Location
• International
• Domestic

• By Vicinity
• Inter-city
• Intra-city

• By End User
  • Meat and Seafood
  • Fruits and Vegetables
  • Dairy and Bakery
  • Vaccination and Pharmaceuticals
  • Others

Key Target Audience

• Cold Storage Companies
• Cold Chain Companies
• Cold Transport Companies
• Captive Cold Storage Companies
• Captive Cold Chain Companies
• Logistics Companies
• Non-captive Companies
• Cold Chain Associations
• Logistics Associations
• Private Equity Firms
• Venture Capitalists

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Base Year: 2021
• Forecast Period: 2021-2026F

Companies Covered:

• Lineage
• Transimex
• Hung Vuong Corporation
• AJ Total Vietnam
• Mekong Logistics
• ARC Bing Duong
• ABA Cooltrans
• Emergent cold storage
• SK Cold Storage
• Lotte logistics
• Konoike
• Hong Lai Group
• New Land Logistics
• Thang Long Logistics
• Crane Worldwide Logistics
• ALS Avaition Logistics
• Arctic Wolf
• Vinafco

Key Topics Covered in the Report

• Country Overview and Infrastructure Analysis of Vietnam
• Vietnam Cold Chain Market Overview and Genesis
• Vietnam Cold Chain Industry Supply Ecosystem
• Business Cycle and Genesis of Vietnam Cold Chain Market
• Vietnam Cold Chain Market, 2016-2021
• Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)
• Vietnam Cold Storage Market, 2016-2021
• Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)
• Vietnam Cold Transport Market Overview, 2016-2021
• Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)
• SWOT Analysis of Vietnam Cold Chain Market
• Competition Scenario of Vietnam Cold Chain Market
• Growth drivers of Vietnam Cold Chain Market
• Technological Advancements in the Vietnam Cold Chain Market
• Issues and Challenges in the Vietnam Cold Chain Market
• Recent Trends in the Vietnam Cold Chain Market
• End User Analysis of Vietnam Cold Chain Market
• Future Outlook of Vietnam Cold Chain Market, 2021-2026F
• Future Outlook of Vietnam Warehousing Market, 2021-2026F
• Future Outlook of Vietnam Cold Storage Market, 2021-2026F
• Future Outlook of Vietnam Cold Transport Market, 2021-2026F
• Market Opportunities and Analyst Recommendation

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

Vietnam Cold Chain Market: Ken Research

Related Reports by Ken Research: –

Philippines Cold Chain Market

Malaysia Cold Chain Market

South Africa Cold Chain Market

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The Increase in Demand for Perishables, Changes in Consumption Patterns, and the pandemic hit are driving the South Africa Cold Chain Market: Ken Research

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1. Logistics and Shipping Industry was one of the worst-hit industries during the COVID-19 lockdown

Due to the restriction on movement imposed during COVID-19, South Africa experienced a significant decline in the GDP growth rate. Job losses and pay cuts were observed during the pandemic year across industries along with the increasing preference of employees to work in a remote working environment. The advent of COVID-19 negatively impacted the financial condition of consumers and therefore, changes were seen in consumption patterns post Covid-19, and people have become more health conscious.

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2. However, the pandemic has helped the cold chain market to grow as the requirement for pharmaceuticals and healthy food like citrus fruits has increased

As a result of the Covid-19 pandemic, a considerable section of the global population has changed their eating patterns. An increase in retail spending can be seen due to an increase in the disposable income of the country’s population which will drive the development of cold storage and positively affect the market growth. The demand for citrus fruits and vegetables has been increasing as a result of the shift in consumption habits toward vitamin C.

3. With the advanced Technology, Increasing Storage and Transportation Facilities and tying up with End User Companies will prove to be beneficial for Cold Chain Companies in near future

Adopting automation and modern technologies, upgradation of cold transportation fleet, and increase in the number of cold storage warehouses in the country will prove to be beneficial for cold chain companies. The cold chain market is expected to be fueled by increasing demand for temperature-controlled products in the country, the entry of several new players, and government initiatives and programs. This will tremendously increase the cold chain business in the country.

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

South Africa Cold Chain Market Outlook to 2026F: Ken Research

Covid Recovery and Promotion of EVs Fueling Demand for Auto Finance in Qatar: Ken Research

 1. Banks dominate the Qatar Auto Finance market owing to lower interest rate and flexible repayment tenors

The Qatar Auto Finance Market is consolidated with Banks having major share in the market. Banks are providing 100% and 80% finance for electric and hybrid car/vehicles to Qatari customers and expats to reward them for making an environmentally-friendly choice. This is expected to attract the consumers to opt for auto financing in the country.

2. Qatar Central Bank infused capital as part of Covid-19 Recovery Measures

Under the Vision 2030, the Qatar Government plans on reducing the oil dependency and looking forward towards the adoption as well as manufacturing of Electric Vehicles. Qatar National FinTech Taskforce was set up in 2017 to create a strong and sustainable FinTech ecosystem. As part of the FinTech Strategy, QCB has launched “sandbox” technology for computer security. As part of Covid-19 measures, QCB also infused capital into MSMEs of systemically important sectors to neutralize impact of Covid-19. Some other government policies include annual inspection of every car in Qatar and Expats importing a car must have Residence Permit.

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3. Digital Currency and Neo-Banking Qatar Auto Finance Market is expected to Generate Revenue of more than QR 18,000 Mn in 2026F

Qatar has been improving its financial and banking system due to revenues generated from natural gas and oil reserves. Compressed natural gas (CNG) vehicles, electric vehicles (EVs), and liquefied petroleum gas (LPG) vehicles are expected to show substantial market penetration in the near future, which boost the demand for natural gas in the long-term.

4. Use of advanced technology is the next evolution for Qatar Auto Finance Market

When customers shop for a car, they need information about two things: the car itself and how to finance it. A tighter online integration of information gathering for car buying and car financing can help move a consumer to the next stage of the purchasing process. The solution is an interactive online interface embedded with AI. The online experience must extend seamlessly into the dealership.

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

Qatar Auto Finance Market Outlook to 2026F: Ken Research

Malaysia’s Quick Commerce market majorly consists of food delivery, followed by grocery delivery and last mile logistics: Ken Research

 1. Malaysia is one of the most profitable SEA regions to approach due to strong E-commerce penetration and rising expenditure.

Malaysia has the third highest E-commerce penetration amongst SEA countries at 82.9%. The movement restriction order also saw walk-in stores close for a period of time to limit physical interactions and mitigate the spread of COVID-19. As a result, Malaysians have turned to online commerce.

2. Expensive product registration, as well as product availability and seasonality, are important challenges for enterprises wishing to operate in the region.

For SMEs with no current relationships or presence in Malaysia, and no supply chains into China, a few access points exist, but full-scale entry into the market remains difficult. Two primary factors complicate entry. The main religions in Malaysia are Islam, Buddhism and Christianity. Therefore, Chinese New Year, Hari Raya, Eid, Prophet's Ascension and Ramadan are all causes for shopping and celebration, as are global events such as Single’s Day. Malaysia, as with many Asian countries, love a bargain. With such frequency of sales, over time, shoppers have been trained to wait for price drops.

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3. A young population, technological advancement, and changing purchasing habits have become the backbone of Malaysia's rapid commerce growth.

Smartphones will become an increasingly important driver of online sales, Consumer purchasing habits are evolving, supported by the Malaysian Government’s National E-commerce Strategic Roadmap, which seeks to promote growth in online retail and attract investment in the sector from global players. Malaysia’s e-commerce sector is growing, with consumers beginning to warm up to the idea of technology-enabled payment systems, from traditional internet banking to mobile financing.

Key Segments Covered in the report: –

Malaysia Quick Commerce Market Segmentation on Demand Grocery

By Products Category

• Beauty & Personal care
• Packaged Food & Beverages
• Staples
• Fruits & Vegetables
• Others

By Region

• Metro & Tier I
• Tier II & below

By Business Model

• Dark Store Model
• Marketplace Model

By Customer’s Gender

• Male
• Female

By Delivery Time

• 0-30 mins
• 30-45 mins
• 45- 1 hour
• 1-2 hours

By Order Value

• 0-50
• 50-100
• 100-200
• 200-1000

By Customer’s Age

• 16-24
• 25-34
• 35-44
• 45-54
• 55+

Malaysia Quick Commerce Market Segmentation on Demand Logistics

By B2B/B2C & C2C

• B2B
• B2C
• C2C

By B2C End User

• Grocery
• Flowers
• Shoes
• Fresh Fruits & Vegetables
• Others

By Regions

• Urban Areas
• Tier 2 and Rural Areas

By Average Delivery time taken

• 0-30 mins
• 30-45 mins
• 45 mins – 1 hr.
• 1 hr.- 2hr

Malaysia Quick Commerce Market Segmentation on Demand Food Delivery

By Region

• Urban Areas
• Tier 2, 3, Rural Areas

By Average Delivery Period

• Under 30 Minutes
• 30-45 Minutes
• 45-60 Minutes

By Gender

• Male
• Female

By Age Group

• 18-24
• 25-34
• 35-44
• 45 above

By Frequency of ordering

• Everyday
• 2-3 times a week
• once a week
• every 2 weeks
• once a month
• once every 6 months
• once a year
• less than once a year

By Cuisine type

• Fast Food
• Malay
• Beverages
• Chinese
• Others

Key Target Audience

• Quick Commerce Players
• Ecommerce Companies
• E-grocery Companies
• Logistics Companies
• Cold Chain Companies
• Investors & Venture Capitalists

Time Period Captured in the Report:

• Historical Period: 2017/22-2021
• Forecast Period: 2022-2027F

Companies Covered:

• Food Panda
• GrabFood
• Oddle
• Quicksent
• Airasia
• Pandamart
• GrabMart
• Happyfresh
• Lala Move
• Borzo
• GrabExpress
• Pickupp

Key Topics Covered in the Report

• Country Overview Malaysia
• Ecosystem of Major players in the Malaysian Quick Commerce Market, 2022
• Business Cycle and Genesis of Malaysia Quick Commerce Market
• The Rise of Rapid Delivery (Quick Commerce)
• Customer Journey: Traditional E-Commerce VS On-Demand Logistics
• E-commerce statistics in Malaysia as compared to other regions
• E-commerce penetration in Malaysia
• E-commerce trends in Malaysian states
• E-commerce vs Quick Commerce
• Business Model Canvas of Quick Commerce businesses
• On Demand Food Delivery Market in Malaysia
• Market Segmentation for On Demand Food Delivery Market in Malaysia
• Competition Analysis for On Demand Food Delivery Market in Malaysia
• Future Forecast for On Demand Food Delivery Market in Malaysia
• On Demand Grocery Delivery Market in Malaysia
• Market Segmentation for On Demand Grocery Delivery Market in Malaysia
• Competition Analysis for On Demand Grocery Delivery Market in Malaysia
• Future Forecast for On Demand Grocery Delivery Market in Malaysia
• On Demand Last Mile Logistics Market in Malaysia
• Market Segmentation for On Demand Last Mile Logistics Market in Malaysia
• Competition Analysis for On Demand Last Mile Logistics Market in Malaysia
• Future Forecast for On Demand Last Mile Logistics Market in Malaysia
• Industry Analysis
• Regulations: Product Registration and Certification
• Challenges in Market
• Growth Drivers of the Malaysian Quick Commerce Market
• Growth driven by Covid-19 pandemic
• Malaysian Government’s National E-commerce Strategic Roadmap
• Sub-segments of the Malaysian Government’s Digital Free Zone
• Diversification Opportunity to Other Categories
• Technologies to Leverage in the Malaysian Quick Commerce Market
• Strategies followed by Food Delivery Player in SEA’s
• New Technologies

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

Malaysia Quick Commerce Market: Ken Research

Related Reports by Ken Research: –

India Quick Commerce Market Outlook to FY’27F

KSA Online B2B Grocery Market Outlook to 2026F

Vietnam Online Grocery Market Outlook to 2026

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3 Key Insights on Competitive Landscape in the Global Green Chemicals Market: Ken Research

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Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Green Chemicals Market by Ken Research.

Green chemicals or bio-based chemicals are renewable and eco-friendly substances primarily driven from bio-based raw materials related to plants or animals. Green chemicals are designed to maintain the ecological balance as it helps reduces the harmful impact on the environment regarding disposal, transportation, packaging, processing, fabrication, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country-Niche players constitute ~40% of the Total Number of Competitors and hold ~25% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the global green chemicals market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the green chemicals market. The regional players comprise ~35% in terms of the number of companies and hold about 40% of the market share. Key players in the market are focused on product launches and offering value-added services to gain significant market share.

2. Leading Players Investing Heavily in the Production of Green Chemicals

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Cargill, Incorporated, Mitsubishi Chemical Group Corporation, and BASF SE among others are highly focused on offering green chemicals for various industries. Furthermore, market players are engaged in R&D activities and are investing heavily in the production of green chemicals to fulfill the demand of the end-users.

• In October 2021, Sekab, a Sweden-based advanced biofuels and biochemical manufacturer invested EUR 9.95 million to expand its production facility of green chemicals.

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3. Increased Government Initiatives Promote Green Chemicals Market Growth and Development

• Governmental bodies are taking initiatives such as the European Technology Platform for Sustainable Chemistry (SusChem) and International Sustainable Chemistry Collaborative Centre (ISC3) to promote the adoption of green chemicals.
• In February 2017, the United Nations Industrial Development Organization (UNIDO) and its partners launched a new green chemistry initiative to deploy green chemistry technologies and approaches and to increase awareness regarding green chemicals.

Key Topics Covered in the Report:-

Snapshot of the Global Green Chemicals Market

Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market

Market size and Segmentation of the Global Green Chemicals Market

Historic Growth of the Overall Global Green Chemicals Market and Segments

Competition Scenario of the Green Chemicals Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Green Chemicals Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Green Chemicals Market

Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments

Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Green Chemicals Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Green Chemicals Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report:-

Cargill, Incorporated

Mitsubishi Chemical Group Corporation.

BASF SE

DuPont

DSM

Evonik

 Plantic

Bayer Material Science AG

Verdant Law

Arkema

Notable Emerging Companies Mentioned in the Report

Bio-Kleen Products, Inc.

Palmer Industries, Inc.

Thermafiber, Inc.

Vertec BioSolvents Inc.

Total Corbion PLA

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

Green Chemicals Manufacturers

Chemical Manufacturers

Bio-Alcohol Manufacturers

Packaging Manufacturers

Research & Consulting Firms

Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Green Chemicals

Green Chemicals Providers

Green Chemicals Research Organizations

Green Chemicals Suppliers

Investors in Green Chemicals Start-ups

Green Chemicals Distributors

Government Ministries and Departments of Chemical Industry

Chemical Industry Regulatory Bodies

Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

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

Global Green Chemicals Market

Rising End-Users awareness, Improving technology and Government’s strong initiatives regarding Infrastructure will boost Kuwait Facility Management Market after the Covid’s impact: Ken Research

 1. The Kuwait hotel and restaurant sector is suffering from a shortage in the number of specialized workers including delivery services, due to the continued closure and prevention of recruitment from abroad.

The hospitality industry is undergoing a pivotal digital transformation. In the hotel sector, the full customer journey has been digitized; from researching venues and destinations to making price comparisons and purchases. Kuwait’s hospitality market is smaller when compared to some of its GCC neighbors, but slow and steady seems to be the mantra of the country’s hoteliers. The number of hotel keys in Kuwait approached to 89,000 by the end of 2021. Also, Hilton Kuwait Resort and Jumeirah Messilah Beach Hotel & Spa have had notable arrivals in the recent months.

2. Lack of awareness amongst end users, Labor issues, return of migrants to home countries during COVID-19, are major challenges for Kuwait Facility Management Market

In Kuwait, FM is considered as an expense and not as something that helps support the core business and increase revenues over the lifecycle of the business. A decrease in employment rate of migrant population or reduction in wages is likely to have a direct impact on industry. Most of labors engaged in construction and related sectors are working on temporary work visas.

3. Kuwait Vision 2035, Technological advancement, Increased Public Spending on infrastructure and Sustainability are major growth factors driving the Kuwait Facility Management Market

Restore the regional leadership role of Kuwait as a financial and commercial hub, and reviving the pivotal role of the Kuwaiti private sector in the leadership of development. Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.

Key Segments Covered in the report: –

Kuwait Facility Management Market

By Type of Service

• Soft Service
• Hard Service

By Hard Service

• Electromechanical Services
• Operations and Maintenance Services
• Fire Safety and Security Systems

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By Soft Service

• Housekeeping
• Security
• Landscaping
• Others

By Integrated Facility Services, Bundled Services and Single Services

• Bundled services
• Single services
• Integrated facility management (IFM)

By End User

• Commercial
• Industrial
• Residential

By Personnel

• In-House Personnel
• Outsourced Personnel

Key Target Audience:-

• Factories
• Plants and Industries
• Hotels
• Hospitals
• Malls
• Companies and offices
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Facility Management companies
• Real estate companies

Time Period Captured in the Report:-

Historical Period: 2016-2021

Forecast Period: 2021-2026F

Companies Covered:-

• Kharafi National
• United Facility Management
• EFS Facility Management Services
• Fawaz Group
• O&G Engineering W.L.L.
• EcovertFM Kuwait
• Al Mazaya Holding Company
• Al-Awsat United Real Estate Co.
• ONE FM
• PIMCO
• Gulf Engineering Company K.S.C.C

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Key Topics Covered in the Report:-

• Executive Summary: Kuwait Facility Management Market, 2016-2026F
• Kuwait Facility Management Market Size by Revenue, 2016-2026F
• Kuwait Population Analysis, 2021
• Kuwait Demographic Analysis, 2021
• Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020
• Business Cycle and Genesis of Kuwait Facility Management
• Business Acquisition Process in Kuwait Facility Management Market
• Supply Side Ecosystem
• Kuwait Real Estate Market Overview, 2021
• Kuwait Rental Market Overview, 2021
• Kuwait Housing Loan Market, 2021
• Kuwait Hospitality Market Overview, 2021
• Kuwait Retail Market Overview, 2021
• Supply Side Ecosystem – Maintenance (Hard FM)
• Supply Side Ecosystem – Cleaning and Security
• Supply Side Ecosystem – Waste Management
• Supply Side Ecosystem – Integrated FM
• Kuwait Facility Management Market Segmentation
• SWOT Analysis of Kuwait Facility Management Market
• Key Growth Drivers in Facility Management Market in Kuwait
• Trends and Developments in Kuwait Facility Management Market
• Kuwait Facility Management Market Major Technological Trends, 2021
• Regulatory Landscape of Kuwait Facility Management Market
• Types of Contracts in Kuwait Facility Management Market
• Competition Scenario in Kuwait Facility Management Market
• Cross Comparison of Major Projects in Kuwait Facility Management Market
• Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
• Best Practices for Improving Facility Services
• Operational Strategies for Facility Management Market in Kuwait
• Growth Strategies of Kuwait Facility Management Market

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

Kuwait Facility Management Market Analysis

Related Reports by Ken Research: –

Qatar Facility Management Market Outlook

Chile Facility Management Market Outlook

Vietnam Facility Management Market Outlook

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Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government’s Strong Initiatives in Healthcare System will boost the Dental Service Market in India: Ken Research

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1. The India Dental Market is expected to grow at a CAGR of 10% for FY’2022-FY’2027F due to increasing number of dental colleges and labs in the country

The rising Dental consciousness among the Indian population, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period. Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies.

2. The expansion of coverage, services, and rising spending by both public and private entities are all contributing to the rapid growth of the Indian healthcare industry

The Healthcare Market in India is expected to reach USD 372 Bn by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance. Moreover, in Union Budget 2022-23, INR 86,200.65 Cr ($ 11.28 Bn) was allocated to MoHFW. In March 2021, the Parliament passed the National Commission for Allied & Healthcare Professions Bill 2021, which aims to create a body that will regulate and maintain educational and service standards for healthcare professionals. The Indian government is planning to o introduce a credit incentive programme worth INR 500 Bn ($ 6.8 Bn) to boost the country’s healthcare infrastructure.

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3. Number of dentists will increase in the future due to an increase in the number of colleges and government initiatives to revise the curriculum

Changes in lifestyle and diet have caused several health issues in India, including those related to dental health. The dental services market growth will be influenced by the rise in periodontitis and teeth decay. In addition, a rise in demand for aesthetic and cosmetic dentistry will also help the market grow. In recent years, dentistry has come up as a rewarding career. People have started recognizing dental disorders and with the advancement in science and technology, the treatment has become specialized. Therefore, the demand of dentists has been slowly and steadily increasing in the Indian market.

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

India Dental Services Market

Thailand Lubricants Market - Size, Share, Covid-19 Impact & Forecasts Up to 2026: Ken Research

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How Is Lubricant Market Positioned in Thailand

Thailand Lubricant market sales has grown over the period 2016-2021, supported by the increase in Average Price for Lubricants Per Liter in the country. Players in Thailand Lubricant Market are primarily engaged in marketing and distribution of petroleum products to end users’ customers, provide storage facilities, and other allied services. Many Market Players have Retail Station Dealerships to deliver long-term value to their retailers and other stakeholders. A wide network of OEM workshops, dealers and distributors, supermarkets and online stores used to sell the lubricants to the end users with varied margins.

The COVID-19 outbreak led to a notable dip in lubricants consumption, where motorcycle lubricant consumption recorded the highest dip. COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry.

The competition was observed to be concentrated in Lubricant with PTT Oil and Retail and The Shell company of Thailand contributing the maximum market share. Key competitive parameters include price, USP (Unique Selling Point), product portfolio, customer acquisition and promotional strategies, future plans and major clients.

Thailand lubricant Market Overview and Segmentation

Thailand Lubricant Market has been experienced growth with 2.1% CAGR (2016-2021) The boosting economy of Thailand has been supported by the growth of revenues generated by manufacturers offering lubricant oils to various customers across automotive and industrial sectors.

Market Segmentation of Thailand Lubricant Market

By Type: The boost in the sales of automobiles in the country has significantly led to an increase in the consumption of automotive lubricants over industrial lubricants. The increased sales were also supported by the continuous improvement in the refining.

By Grade: The Thailand Lubricant Market is dominated by Mineral as people in Thailand prefer using Mineral over other grade of lubricants.

Thailand Industrial Lubricant Market Overview and Segmentation

Market Overview:

The harsh condition of handling equipment in both industries has triggered the demand for lubricants by the operators.  Thailand’s manufacturing output for 2021 has seen a significant growth from 2020. Lubricants have important application in manufacturing sector as it ensures durability and efficiency of machines.

Market Segmentation of Industrial Lubricant Market

By Type: Hydraulic Fluid dominated the industrial lubricants market share followed by Grease, with second largest share. Hydraulic oils differ from conventional lubricants for their characteristics which include rust and corrosion inhibition, filterability, oxidation and hydrolytic stability and anti-wear performance.

By End Use: Construction accounted for majority of share in this segment as major end user for industrial lubricants followed by General Manufacturing. The harsh condition of handling equipment in both industries has triggered the demand for lubricants by the operators.

By Distribution: Dealer network dominated the market share in comparison to Direct Sales. Most of the lubricants consumed by the Thailand industrial sector have been supplied by a widespread network of authorized and local distributors across various regions of the country.

Thailand Automotive Lubricant Market Overview and Segmentation

Market Overview:

An increase in the sales of commercial vehicles in the country has largely contributed to the growth in overall lubricant consumption. The increasing number of ships and boats being visiting the country has thus led to the growth in consumption of automotive lubricant recently.

Market Segmentation of Automotive Lubricant Market

By Type: Heavy Duty Engine Oil dominated the industrial lubricants market in this segment as the major type of lubricants followed by Passenger Vehicle Motor Oil. Heavy Duty lubricants are largely needed by commercial vehicles and light trucks which need to generate enough power as they are largely used in transport and logistics.

By End Use: Commercial Vehicles accounted majority of share in this segment as major end user for automotive lubricants followed by Passenger cars. An increase in the sales of commercial vehicles in the country from 2019 to 2021 has largely contributed to the growth in overall lubricant consumption.

By Distribution: Service Stations/Local Workshops dominated the market share followed by OEMs with second largest share. Service Stations/Local Workshops dominated the market share followed by OEMs with second largest share.

Comparative Landscape in Thailand Lubricant Market

The competition in lubricant market was observed to be Concentrated. Top players in the market are PTT Oil and Retail & The Shell Company of Thailand Limited. PTT and Shell are leaders because of their high distribution network, presence of local blending plant and high brand value. All other players such as Chevron, Idemitsu, BP-Castrol, Eneos, Siam-Pan Group and more are niche players focusing on small segment in the market. Bangchak and BP-Castrol are visionaries in the market as they have potential to become challengers in future. There are no challengers in the market as market players except PTT and Shell Thailand have comparatively low share.

Thailand Lubricant Market Outlook and Projections

The health Tech market is projected to grow at single digit CAGR (2021-2026F). Factors such Growing population, developing infrastructure, rising disposable incomes, growing middle class, and growing prevalence of chronic diseases are major factors for growth in the region. The Eastern Economic Corridor development plan for the oleochemical industry is also prominent growth driver and will drive the Thailand Lubricant Market in the near future.

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Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2021-2026F

Companies Covered:

• PTT Oil and Retail
• The Shell Company of Thailand
• Bangchak Corporation
• BP-Castrol (Thailand)
• Esso (Thailand)
• Idemitsu Lubricants (Thailand)
• Siam Pan Group
• Chevron Thailand
• Thai Petroleum &Trading
• Valvoline

Key Topics Covered in the Report

• Thailand Lubricants Market Overview
• Ecosystem of Lubricants Market
• Business Cycle and Genesis of Thailand Lubricants Market Overview
• Value Chain Analysis for Thailand Lubricants Market
• SWOT Analysis for Thailand Lubricants Market
• Porter’s Five Forces Analysis Thailand Lubricants Market
• Growth Drivers in Thailand Lubricants Market
• Bottlenecks and Challenges in Thailand Lubricants Market
• Trends and Developments in Thailand Lubricants Market
• Government Regulations
• End User Analysis of Thailand Lubricants Market
• Covid-19 Impact on Thailand Lubricants Market
• Competitive Landscape in Thailand Lubricants Market
• Strengths and Weaknesses of the Major Players in Thailand Industrial Lubricant market
• Strengths and Weaknesses of the Major Players in Thailand Automotive Lubricant market
• Cross Comparison of Major Players in Thailand Industrial Lubricant Market
• Cross Comparison of Major Players in Thailand Automotive Lubricants Market
• Product Portfolio of Major Players in Thailand Industrial Lubricants Market
• Product Portfolio of Major Players Thailand Automotive Lubricants Market
• Detailed Analysis on Thailand Lubricants Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2022-2026F)
• Detailed Analysis on Thailand Industrial Lubricants Market (Market Segmentation, 2016-2022; Future Market Segmentation, 2022-2026F)
• Detailed Analysis on Thailand Automotive Lubricants Market (Market Segmentation,2016- 2022; Future Market Segmentation, 2022-2026F)
• Market Opportunity and Analyst Recommendations

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

Thailand Lubricant Market Outlook to 2026: Ken Research

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