Showing posts with label Market Future. Show all posts
Showing posts with label Market Future. Show all posts

Monday, August 7, 2023

Philippines car rental market is estimated to grow more than USD 400 Mn by 2027 owing to the increase in internet penetration and adoption of smart phones in the country: Ken Research

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Ecosystem of Philippines Car Rental Market

There are five markets in this report: Car Rental, Car leasing, Ride Sharing, Ride Hailing and Self Drive. The Philippines car rental market and self-drive market is highly fragmented with Avis and Diamond Rent-a-Car hold the major share respectively. Philippines car leasing market is moderately consolidated and Orix, is the market leader. Philippines ride hailing market and ride sharing market are highly consolidated where Grab is the market leader.

Key Market Findings:

  • Leisure travel is estimated to continue being the highest revenue generating segment with the increase in tourism across the country.
  • Tourists and Corporate Clients are majority of the customers of the market.
  • Players are looking to expand their fleet size to premium cars to offer comfort and luxury to customers.

Online Bookings: With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations. This makes the entire process hassle-free and contactless.

Unique Business Models: Year-on-Year with the help of technology, unique business models and features are coming up in the market like allowing private car owners to give out their spare vehicles on lease or rent. Ultimately, car rental services are becoming more accessible to customers.

Increasing Traffic and Congestion in Crowded Areas: The parking issues in urban cities is increasing due to limited space and increase in population, expecting the passengers to use more of ride hailing and ride sharing services.

Increase in Tourism: Lately, the international tourism sector is again increasing in Philippines with more than ~1500% increase in tourist arrivals from 2021 to 2022P. With that, there’s only an expectation of the demand to grow in future by tourists.

Analysts at Ken Research in their latest publication “Philippines Car Rental Market Outlook to 2027 - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.” observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.

Key Segments Covered in the report

Philippines car Rental Market

By Type of Booking

  • Online market
  • Offline market

By Type of Car

  • Small Cars(PHP 3500-7500 / Per trip)
  • Medium(PHP 3500-7500 / Per trip)
  • Luxury(PHP 7500+)

By Purpose

  • Leisure
  • Business

Philippines Car Leasing Market

By Type of Region

  • Manila
  • Luzon
  • Visayas
  • Mindanao

By Time Duration

  • 1 year
  • 2 year
  • 3 year
  • 4 or more year

By Vehicle Price Range

  • Sedan(PHP 20000-35000
  • SUV(PHP 35000-50000)
  • Premium(PHP 50000+)

By Type of End User

  • Corporate
  • Retail Individuals

Philippines Ride Hailing Market

         By Type of Region

  • Metropolitan
  • Non Metropolitan

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Philippines Ride Sharing Market

By Point of Service

  • Rest Area
  • At Airport

By Type of Car

  • Sedan
  • SUV

By Type of Distance

  • Short distance
  • Long distance

Philippines Self-Drive Car Rental Market

By Type of Region

  • Metro cities
  • Non metro cities

By Type of Booking Channel

  • Online
  • Offline

By Usage

  • Intercity
  • Intracity

By Time Period

  • 1-2 days
  • A week
  • A month

By Type of Car

  • Standard (PHP 1500 + / per hour)
  • Luxury (PHP 1000-4000/24hours)

By Type of Booking Period

  • Weekend
  • Weekdays

By Segment of Car

  • Standard
  • luxury

By Status of Ownership

  • Owned
  • Leased

By Point of Service

  • At Airport
  • Rest area

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Key Target Audience

  • Car Rental Service Providers
  • Car Rental Companies aiming to establish in the Philippines
  • Philippines Automotive Industries
  • Government Bodies & Regulating Authorities
  • Venture Capitalist targeting the car rental market
  • Automotive industry association
  • Car Manufacturers
  • Existing Car Rental Companies
  • OEM Dealerships
  • New Market Entrants
  • Investors
  • Car Rental Associations

Time Period Captured in the Report:

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

Companies Covered:

Car Rental

  • Diamond Rent-a-Car
  • Luxicar
  • Voyg
  • Rent a Car ECLPI
  • Avis
  • Hertz
  • SafeRide

Self-Drive

  • Europcar
  • Thrifty
  • Juzzr Car Rental
  • Hertz
  • Voyg
  • SafeRide
  • VPI

Ride Hailing

  • Grab
  • JoyRide
  • Hirna
  • Maxim

Ride Sharing

  • Grab
  • Hirna

Car Leasing

  • Orix
  • Avis
  • Diamond Rent-a-Car
  • Europcar
  • Herts
  • ECLPI Rent a Car

Key Topics Covered in the Report

  • Overview and Genesis of Car Rental Market in Philippines
  • Ecosystem of Philippines Car Rental Market
  • Business Cycle of Philippines Car Rental Market
  • Timeline of Major Players of Philippines Car Rental Market
  • Value Chain Analysis of Philippines Car Rental Market
  • Philippines Car Rental Market Sizing, 2017- 2022
  • Market Segmentations of Car Rental Market in Philippines
  • Snapshots on different Car Rental Markets in Philippines
  • Industrial Analysis of Car Rental Market in Philippines
  • Competitive Analysis of Car Rental Market in Philippines
  • Future Outlook and Projections of Car Rental Market in Philippines

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

Philippines Car Rental Market Outlook to 2027

Related Reports by Ken Research: –

Vietnam Car Rental Market Outlook to 2027F

Belgium Car Rental Market Outlook 2027F

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Monday, March 2, 2020

Effective Utilization of the Ammonium Fluoride Globally Market Outlook: Ken Research

The ammonium fluoride is the inorganic compound with the formula NH4F. It manifest as slight colorless prisms, having a piercing saline taste, and is extraordinarily soluble in water. It is synthesized by the addition of the ammonia gas to cold hydrofluoric acid at a temperature of nearby 10 0C demonstrates by the reaction likewise NH3 + HF -> NH4F. It can be prepared by utilizing silicon tetrafluoride gas (SiF4) and great purity ammonia (NH3) as reactants.
According to the report analysis, ‘Global Ammonium Fluoride (CAS 12125-01-8) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide ammonium fluoride (CAS 12125-01-8) market there are numerous players which presently functioning more enormously for leading the highest market growth more significantly while increasing the usage of ammonium fluoride, developing the applications of the ammonium fluoride, advancing the technologies of production, spreading the awareness related this and implementing the strategies and policies for increasing the amount of revenue includes Solvay, Fluorine Industry Environmental Protection Technology (Yunnan), Stella Chemifa, Taisu Daikin, Fujian Kings Fluoride, Fubao Group, Shaowu Huaxin Chemical, Xiangshui Xinlianhe Chemical, Chengde Yingke Fine Chemical, Changshu Xinhua chemical, Zhejiang Hailan Chemical Group and several others.
Not only has this, in the worldwide market of ammonium fluoride there are proficient players which effectively studying and analyzing the government regulations, establishing new products, adopting the approaches of joint venture, mergers and acquisitions and partnerships for effectively increasing the value of share and generating the great value of revenue throughout the short span of duration.
The ammonium fluoride is effectively utilized for the etching glass, polishing metal surfaces, extracting rare metals, and disinfection and preservation in the brewing industry. Additionally, it act as masking agents, preservations and reagents for analysis. Not only has this, ammonium fluoride is also used for wood preservation, complexometric titration of aluminum, spot analysis of zirconium and glass engraving. Along the aforesaid usage, the demand for ammonium fluoride will increase more significantly over the upcoming years more significantly and around the globe.
Based on the type, the worldwide market of ammonium fluoride is fragmented into industrial grade and electronic grade. Whereas, on the basis of applications, it is segmented into glass etching agents, electrical components processing and several others. Moreover, the ammonium fluoride is prevail principally as a laboratory reagent. If it is needed in the prodigious quantities, one mole of the aqueous ammonia can be assorted with one mole of the more voluntarily available ammonium bifluoride.
Although, based on the region, the market of ammonium fluoride is segmented into Asia Pacific, Europe, North America, Middle East and Africa and South America. However, it is predicted that the Asia Pacific region is dominating the ammonium fluoride worldwide market more significantly due to the efficient advancement in the segment of industrial grade and electronic grade. Nonetheless, the North America is also predicted to register the great value of share across the globe owing to the significant development in the infrastructure and sector of electronic. Therefore, in the near years it is anticipated that the market of ammonium fluoride will increase around the globe over the upcoming years more significantly.
For More Information on the research report, refer to below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Wednesday, December 26, 2018

Growing Landscape Of The Catheters Across The Globe Market Outlook: Ken Research

Micro Guide Catheters Market
The catheters are the thin tubes which are used as medical devices made of high graded materials. Moreover, these are inserted into the body for the treatment of numerous diseases or while functioning surgeries. This process is called as catheterization. They are used in the cure of diseases such as neurovascular, cardiovascular, urology and several others. Catheters are inserted into the body for the administration of numerous liquid medication of gas for the cure of diseases. Increasing preference towards minimally invasive surgical procedures, technological advancements in over-the-wire micro-guide catheters, a growing number of patients suffering from cardiac and neurovascular disorders are the major drivers which lead the market grew more significantly across the globe in the forecasted period. While with the growth drivers the market is having few restraints which hinder the market growth such as the risk of infections may hinder the market and lack of skilled physicians. Whereas, for removing the restraints the market key players are adopting the market opportunities such as an increase in research and innovations and several others further which proved to be beneficial for acquiring the huge market share and leading the fastest growth across the globe in the near future.
According to the report analysis, ‘Global Over-the-wire Micro-Guide Catheter Market Research Report - Forecast to 2023’ states that some of the major companies which are recently functioning in this market more actively for acquiring the huge market share by doing more innovations and developments includes ASAHI INTECC Company Limited, Boston Scientific Corporation, Cook Medical, Medtronic plc., Merit Medical Systems Inc., Integer Holdings Corporation, Terumo Europe N.V., Penumbra Inc, Koninklijke Philips N.V, Cardinal Health, Teleflex Incorporated, DePuy Synthes, Enki – Microtubes and several others. Moreover, the introduction of catheters has completely changed the cure scenario of many surgeries such as cardiac surgery and many others. The minimally invasive cardiac surgery can be less troublemaking and distressing for the human body, making it predominantly beneficial in elderly patients who are at an increased risk of surgical complications.
According to the American Heart Association and Stroke Statistics (2017), about 92.1 million American adults are existing with cardiovascular diseases and strokes, and cardiovascular diseases are the main reasons of death across the globe which accounted for 17.9 million deaths per years in 2015. Moreover, the global over-the-wire micro-guide catheter market is split based on the end-user and applications. Whereas, based on the end-user, the market is segmented into clinics and hospitals, research and academic institutes and ambulatory surgical centers. Furthermore, the global over-the-wire micro-guide catheter market was worth at USD 102.6 million in 2017 and is predicted to account a CAGR of 9.4% over the forecast period. Not only has this, based on the application, but the cardiovascular sector also registered for the main market share of 58.1% and was worth at USD 59.6 million in the last years that is 2017. Furthermore, it is expected that in the near future the market of the over-the-wire micro-guide catheter will increase more actively over the recent few years with the more investment by the new entrants in the innovations and developments.
To know more, click on the link below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

Tuesday, December 18, 2018

Growing Landscape Of The Conjugate Vaccine In Japan Market Outlook: Ken Research

Conjugate Vaccine Market in Japan
The conjugate vaccine is a type of vaccine which combines a weak antigen with a strong antigen by which the immune system has a stronger response to the weak antigen. Whereas, vaccines are frequently used to safeguard diseases by invoking an immune response to an antigen, the foreign part of a bacteria or virus that the immune system identifies. Moreover, the conjugate vaccine is that type of vaccine that encompasses bacterial capsular polysaccharide, attached to a protein to improve immunogenicity and safeguard against invasive diseases. Furthermore, Japan is one of the most important markets of conjugate vaccines in the present era. Not only has this, but the key players of this region is also playing an important role by doing more investments in the research and development programs for leading the highest market share which is further benefitted for the fastest growing market.
According to the report analysis, ‘Japan Conjugate Vaccine Market (2018-2023)’ states that some of the major key players which are recently functioning in this market more actively for acquiring the huge market share by making this vaccine more effective and useful for the patients includes GlaxoSmithKline, Pfizer Inc., Merck & Co., Novartis, Sanofi Pasteur, CSL Limited, Bharat Biotech, Biological E. Limited, Serum Institute of Japan and several others. Moreover, in Japan, the market of conjugate vaccine is segmented on the basis of disease indication which includes Haemophilus Influenza Type B, Meningococcal, Pneumococcal, Diphthera-tetanus-pertussis, and several others. Meanwhile, based on the end user it is divided into Adult and Paediatric. Japan is projected to be a stable market for the conjugate vaccines in the forecasted period. Growing disposable income, rising expenditure on healthcare, the rise in consumer awareness, rapidly increasing geriatric population and modernization of healthcare infrastructure will operate the market of Japan with conjugate vaccine category. Japan, with the maximum life anticipation out of all other countries in the world, has its old population introducing the high requirement for adult conjugate vaccines.
The report also covers relevant information related to the company and several others such as Company snapshot, product offerings, growth strategies, initiative, geographical presence, and several others. Whereas, the focused key players are adopting effective market strategies and policies for dominating the highest market share while they are analyzing the strategies of competitors for leading the fastest growth in the country. With the effective working of key players and competitiveness in the market, the new entrants are willing to invest in the market financially for gaining the higher return on investment. Although the health situation in Japan is among the best across the globe, there is still an effective gap to be filled, with the regard to the usage or vaccines to safeguard from the severe infections. This gap has the main consequences for the public health, both in Japan and other countries since Japan is cited as a source for infectious diseases to countries that have those diseases under better control with the vaccinations. It is expected that in the forecasted period, the market of conjugate vaccine will grow in Japan more significantly in the near future with the further developments in the technologies.
 To know more, click on the link below:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: Japan

Thursday, December 13, 2018

Germany to Add Significant Wind Capacity Installations: Ken Research

Wind Power Market in Germany
Wind is converted into wind power and used as a medium of electricity. It depends on the amount of air, speed of air and mass of air. It can create substantial energy to replace the non-renewable fossil fuel energy sources that create pollution and destroy the landscape and atmosphere. The process of wind energy conversion is completed by wind turbines, wind pumps, and windmills. One wind turbine can give power up to 500 homes. Wind turbines have the ability to be located offshore and send energy back to land.
It’s a good source of electricity because it is a renewable source. Wind power generation in the country partly balanced out by solar installations. It is mainly of two types: onshore wind power and offshore wind power. Onshore wind power is a central pillar of Germany’s transition to low-carbon energy generation: it gives insight into the industry’s most important actors, financial support of the technology. Offshore wind power is used for wind farms constructed in bodies of water, usually in the ocean on the continental shelf, to harvest wind energy to generate electricity. Bard Offshore 1 is the country’s largest offshore wind farm with 400 MW capacities.
According to report, “Wind Power in Germany, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles” some of the major companies that are currently working in the wind power in Germany are Windl and Energieer zeugungs GmbH, Vattenfall AB, RWE AG, Ocean Breeze GmbH & Co. KG, EWE Aktiengesellschaft, ENOVA Energieanlagen GmbH, ENERTRAG Aktiengesellschaft, E.ON SE, Allianz Capital Partners GmbH.
Some advantages of wind power are environmentally friendly, unlimited and cleanest form of energy etc. Some disadvantages of wind power are inconsistency, produce noise pollution an impact on local wildlife, difficult to install & maintain etc.
Recently country's wind power electricity generation is dropped due to falling wholesale power prices with potentially adverse effects for the industry. Therefore Germany’s Federal Network Agency rated the country’s coastal regions and hinterland as a “grid expansion area" due to the high concentration of wind power in northern states, where new wind power installations will be capped at about 60 % of previous levels in order to make leeway for lagging grid expansion. By this process, turbine efficiency will be increased.
In 2018, installing onshore wind power capacity is only 1,600 MW. In addition, the offshore wind energy will be expanded to reach 6.5 GW by 2020 and 15 GW by 2030. As well as combined wind, solar, biomass and hydroelectric power output hit a record 104 billion kilowatt hours. The country's federal government capped support to an annual onshore expansion capacity of 2,800 Mw until 2019 and decided to slowly expand this “expansion corridor” over the following years. It is also expected that the cover rate of current electricity consumption with wind energy will be 40% by 2030. The German government’s aim is to bring wind power capacity up to 15,000 MW by 2030. The use of wind power is increasing so quickly that it is estimated that by 2050 wind power will account for 1/3rd of the energy produced on the earth. In the upcoming years, for increasing efficiency and practicality of turbines, the wind turbine design will be changed, from blade to bladeless. These designs may be looping and mixer-ejector wind turbine (MEWT). Loop wing requires a very low wind speed to start- the only 1.6mph. The MEWT design creates a low-pressure area within the turbine to suck in even more wind and generate more energy, making it more efficient than traditional wind turbines.
To know more, click on the link below:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: Germany
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