Convenient Pawning, Remittance Services, Low KYC requirement and Strong Government Compliance to Stimulate Growth of Pawnshops in Philippines: Ken Research

• Future growth of Philippines Pawnshop Market is expected to be led by a surge in the working sector of the country due to requirements of short term cash by salaried class and middle class families. This will also be bolstered by the continued zeal of domestic Filipinos to send money to their families especially at the times of festivals.
• The expansion strategies of several pawnshops such as Cebuana Lhuillier, M Lhuillier, Palawan Pawnshop and others, are likely to result in opening up of more locations offering cash remittance services and spreading up their network of pawning.

Ken Research announced its latest publication on “Philippines Pawnshop Market Outlook to 2020” which provides a comprehensive analysis of the Pawnshops Industry in Philippines. The report covers various aspects such as market size of Pawnshop industry on basis of loan disbursed, volume of remittance transactions and number of pawnshops, segmentation on the basis of new and renewed transactions, repayment period, services provided, pawned items and by income source and detailed competitive landscape of major pawnshop players in pawning and money transfer segments. The report is useful for industry consultants and analysts, pawnshop managers and owners and new players venturing in the market.

The poor functioning of the banks in Philippines have provided a higher popularity to other informal sources of credit such as pawnshops. Pawnshops these days have been growing at a remarkable pace in terms of their reach and the credit provided to the people. The major catalyst for the growth of pawnshops have been the minimal transaction costs on the part of borrower, easy and quick availability of loan and higher accessibility of pawnshops even under the remote areas of the country. The loan disbursed in 2015 augmented to PHP ~ billion. The increase in local migration over the years has been favorable to the growth of domestic money transfers. The total market for domestic remittances was valued at PHP ~ billion in 2015 out of which PHP ~ billion was catered by the pawnshops which witnessed expansion from PHP ~ billion in the year 2010.
According to the research report, the growth would be lower in terms of the loan disbursed through the pawnshops since banks in the Philippines are also looking forward to expand their reach to the far off places. The pawning market in the Philippines is projected to witness loan disbursed amount to grow at a CAGR of 15.9% during 2016-2020. The emergence of online pawning will also give a boost to the pawnshops market revenues from interest rates in pawning process. This is also expected to strengthen the competition in the pawnshops. The online pawnshop- PawnHero has partnered with 2GO and provides pick and drop facilities and other services through these 2GO locations as well, also the increasing smartphone and internet penetration has also heated up the scenario. Since every smartphone or internet connection can now be used as a pawnshop outlet in the country, widening the reach of the online pawnshop in the country.
The domestic remittance transactions through pawnshops in the Philippines are expected to grow at a CAGR of 7.6% from 2015 to 2020. However, owing to stiff competition resulting from price wars amongst several players, the market is likely to showcase a nominal growth in terms of revenues, as the average transaction charges are expected to decline in the coming years.
“The advent of online pawning with lower interest rates, longer lending time and greater ease of transactions will completely change the dynamic of pawnshop market in Philippines.” according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
Philippines Pawnshop Market

• Market Size by Loan Disbursed, Volume of Remittance Transactions and Number of Pawnshops
• Market Segmentation by
  • Services Provided- Pawning only or Auxiliary along with Pawning
  • Re payment Period
  • Pawned Items
  • New or Renewed Transactions
  • Head offices or Branches
  • Income Source
• Trends and Development
• Growth Drivers
• Value Chain Analysis in Pawning and Money Transfer Spaces
• Porter’s Model for Philippines Pawnshop Market
• SWOT Analysis
• Government Regulations
• Competition and Market Share in Pawning and Money Transfer Spaces
• Company Profiles of Major Players in the Market in Pawning and Money Transfer Spaces
• Snapshot of Online Pawnshop Market
• Snapshot of Bill Payments via Pawnshops
• Snapshot of Insurance via Pawnshops
• Future Outlook
• Cause and Effect Relationship between Industry Factors and Growth of Industry
• Analyst Recommendations
• Macro Economic Parameters

Key Products Mentioned in the Report
Pawning
Money Transfer
Bill payments and e-load
Insurance
Companies Covered in the Report
Cebuana Lhuillier
M Lhuillier
Palawan Pawnshop
RD Pawnshop
Related Reports:
Philippines Domestic and International Money Transfer Industry Outlook to 2019 - Driven by Mobile Money and Increase in OFWs
Malaysia Remittance Industry Outlook to 2019 - Driven By Increasing International and Domestic Migration
The US International, Domestic Money Remittance and Bill Payments Market Outlook to 2018 - Tie-ups and Mobile Remittances to Foster Future Growth
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The Home Furniture Market is Expected to Grow at a CAGR of 20% in the Future -Ken Research

The furniture market in the country has been immensely driven by a substantial growth in the real estate, tourism and hospitality sector over the years. The rising number of commercial projects along with a greater spending on the infrastructure has also provided an enormous growth to the furniture market in the last few years.
Bedroom furniture accounted for the largest share in home furniture market in India. It primarily includes beds, headboards, dressers, chests, armoires, bed benches, bookcases, chairs, vanities and nightstands.
The living room furniture was the second most important choice as it garnered 23.1% share in revenues for the year FY’2015. This segment encompasses a wide range of coffee tables, sofas, center tables, corner tables, chairs, bookshelves, TV stands, ottomans, display cabinets, consoles and upholstered furniture like sofas and overstuffed chairs.
Kitchen furniture largely includes cabinets which are used to store crockery. Modular kitchen has been considered as a separate segment as it involves refurnishing of the complete kitchen with new layout.

Imports have formed a significant portion of the products sold to the upper-middle income class and higher income class of the Indian society. India was observed as the largest importer of furniture in the world. The increase in demand of branded international products has resulted in a 13.3% increase in value of furniture imports from FY’2014 to FY’2015. A large number of people have become aware of the variety of products available in foreign countries and have showcased a preference to purchase foreign branded furniture products.
The sale of home furniture products online has been a relatively new concept in India. Since the inception of furniture e-tailing companies in the country since 2011 the market has observed a slow yet steady paradigm shift in customer behavior for the purchase of furniture products. A higher number of Indian customers have utilized the convenient services of online portals to choose their desired furniture from a wide variety of products. The trend of purchase of small furniture items such as bean bags and coffee tables through online portals has gradually changed to higher volume sales of heavy furniture products such as beds, wardrobes, dining tables and sofa sets.
For more information on the market research report please refer to the below mentioned link:
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/india-furniture-market-research-report/8520-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The Pawning Market in the Philippines is Projected to Witness Revenue Worth PHP 121.7 Billion by 2020 – Ken Research

The poor functioning of the banks in Philippines have provided a higher popularity to other informal sources of credit such as pawnshops. Pawnshops these days have been growing at a remarkable pace in terms of their reach and the credit provided to the people. The major catalyst for the growth of pawnshops have been the minimal transaction costs on the part of borrower, easy and quick availability of loan and higher accessibility of pawnshops even under the remote areas of the country.
Apart from traditionally provided pawning services by the pawnshops in Philippines, the pawnshop these days also provides other services such as remittance, insurance and bill payments. These auxiliary services are not generally provided by every pawnshop, since their business is primarily focused on pawning transactions.

Some of the major pawnshops in Philippines Pawnshop Market on the basis of loan disbursed are Cebuana Lhuillier, M Lhuilier, RD Pawnshop and Palawan pawnshops.
The world today is in a digital age where anything can be made available online with a number of innovations going on. Pawnhero.ph is the first pawnshop in Philippines which works online. PawnHero is a pawnshop which is available 24/7 for everyone who wishes to pawn items online. Practically every Filipino who wished to make a remote bill payment has a gamut of alternatives available in terms of the presence of numerous formal payments service providers (PSP) in a market with high competition, according to the Research Analyst, Ken Research.
For more information on the market research report please refer to the below mentioned link:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-pawnshops-market-research-report/8884-93.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Case Study Analysis on Mahindra First Choice Wheels Limited – Mahindra Pre-owned Car Sales Business – Ken Research

• Mahindra first choice has transformed their business model from company owned to franchisee based used car outlets.
• The company has managed to reduce their losses due to closure of company owned outlets with steady cash flows from franchise business.

MFCWL was rebranded by Anand Mahindra in 2008 (started as Auto Mart India in 2003) to leverage the used-car segment in India through the offering of certified pre-owned multi brand vehicles to the customers. The venture was started as a three-way joint venture between the Mahindra group, HDFC and Sah & Sanghi. The idea behind the venture was to provide better experience to the buyer for the purchase of used car similar to the purchase of new car.

MFCWL follows the “click and mortar” model in the after-sales car market. Presently, all the MFCWL outlets are owned and operated by franchisees, while the company plays the parenting role of guiding and facilitating the used car sales operations for every franchisee.
The financial performance for Mahindra First choice services has remained strong since FY’2012. During FY’2014, the company has closed all their company owned outlets and has decided to expand their network through franchisee model only. The asset-light model of conducting the business through franchisee route has been less risky and hassle-free as the company does not need to invest heavily in procuring used cars, maintaining their inventory and pay rentals.
In the coming years, the company is looking to boost their franchisee business by expanding dealer network and their profitability. The company is planning to expand its outlet count to more than 1,800 franchised outlets by FY’2020.
Key Topics Covered in the Report:

• Company Overview
• Financial Performance
  • Business Volume and Modal Mix
  • Funding and Acquisitions
• Business USP and Key Performance Indicators
• Indicators Explained by
  • Revenue, Profit, Number of Cars Sold, Average Sale Ticket Size, Margin on Car Sales
  • Business Model
  • Revenue Streams – Products, Franchisee Income, Commission income, Vehicle Valuation
  • CAGR, Network in cities, Recent Developments
• Income Statement and Analyst Take
  • Expenditure Side
  • Investment Side
  • Challenges Faced by Company
• Future Strategies

Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/mahindra-first-choice-wheels/8411-100.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Philippines Cold Chain Logistics Market is Expected to Reach USD 4.2 billion by 2020: Ken Research

Ken Research announced its latest publication on “Philippines Cold Chain Market Outlook to 2020- Philippines Cold Chain Project and Rising Consumer Demand for Frozen Food to Foster Future Growth” which provides a comprehensive analysis of the cold chain market in Philippines. The report covers various aspects such as market size of Philippines cold chain market, segmentation on the basis of cold storage and cold chain transport, B2B and B2C segments, Type of Deliveries-Express and Non-Express, products, regional cold storage warehousing capacity and others. The report will help industry consultants, manufacturing companies of temperature sensitive goods, cold chain service providers in the country and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The market comprises of a number of cold chain service providers such as Jentec Cold Storage, Glacier, Polar Bear, Royal Cargo, Vifel, Royale Cargo, Igloo , 2GO Logistics and others.\

The cold chain market for Philippines will continue to grow at a considerable pace in the next few years with addition of new players and continuous support from government. The market is predicted to grow at a CAGR of ~% from 2016-2020. Philippines cold chain market has been valued at INR ~ million in 2015. Over the last few years from 2010-2015, the industry has observed an average annual growth of ~% in value terms. The growth in the cold chain market over the period 2010-2015 was primarily supplemented by growing demand for temperature controlled products in the country, entry of several new players and government initiatives and programs. Additionally major players such as Royal Cargo, Jentec Cargo and Glacier have expanded their cold storage capacity and operations in the country over the period 2010-2015.
According to the research report, the Philippines cold chain market will grow at a considerable CAGR rate reaching USD ~ million by 2020 due to Philippines Cold Chain Project and other cold chain programs. Furthermore, augmenting sales of Pharma and other temperature controlled products will provide the impetus for growth in Philippines cold chain logistics market over the period 2016-2020.
“According to Research Associate at Ken Research, the Government should take certain measures to reduce the rate of electricity and cut down certification cost in order to provide spurt to market revenues. On the other hand, domestic players in the market should establish their operations in the untapped areas as the competition is very less and potential for growth is huge.
Key Topics Covered in the Report:

• Philippines Cold Chain Market Size by Revenue
• Philippines Cold Chain Market Segmentation by
• Cold Chain and Cold Transport
• B2B and B2C Segments
• Express and Non-Express
• Products
• Philippines Cold Chain Transport Market Size by Revenues
• Philippines Cold Chain Transport Market Segmentation by
• Modes of Transportation- Sea, Air, Land
• Owned and Rented Transport Facilities
• Domestic and International Cold Chain Transport
• Philippines Cold Storage Market Size by Revenues
• Philippines Cold Storage Market Segmentation by
• Size of Cold Storage Warehouses- Small, Medium, Large
• Number of Cold Storage Warehouses in Major Cities
• Owned and Rented Cold Storage Facilities
• Regional Cold Storage Warehousing Capacity
• Comparative Analysis of Philippines Cold Chain Market with China Cold Chain Market and India Cold Chain Market in the Current and Future Scenario
• Trends and Development
• Government Role and Regulations
• SWOT Analysis
• Competition and Market Share
• Infrastructural Analysis of Philippines
• Future Outlook- By Revenue
• Macro Economic Parameters
• Analyst Recommendations

Key Products Mentioned in the Report
Philippines Cold Chain
Philippines Cold Chain Storage
Philippines Cold Chain Transportation
Companies Covered in the Report
Jentec Cold Storage Inc
Polar Bear Freezing and Storage Corp
Glaciers Cold Storage Inc
Royal Cargo Inc
Igloo Supply Chain
Vifel Ice Plant and Cold Storage
Royale Cold Storage Inc
Millennium Ocean Star Corporation
2GO Logistics
LBC Express
Consolidated Dairy and Frozen Food Corp
Related Reports:
Philippines Logistics Market Outlook to 2019 - Growth Driven by Express Delivery, 3PL and E-commerce Logistics Services
UAE Logistics Market Outlook to 2019 - Driven by Infrastructural Investment and Expanding Foreign Trade
India Logistics and Warehousing Industry Outlook to 2019 - Driven by E-commerce Logistics and Make in India initiative
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Expansion of E-commerce industry and Need for Last Mile Delivery Expected to Grow Express Delivery Market in Philippines: Ken Research

Filipino Express delivery market has witnessed a tremendous growth over past few years due to the infrastructural growth and development in the country which has complemented the express delivery market in the country with an escalated preference of business and consumers to transport goods in shorter amount of time. Express delivery in the Philippines has been utilized for a number of goods which include documents, financial products, electronics and several others. Due to the quick service capabilities, the demand for express services has emerged majorly in the business to business segment.  The express delivery market had increased at a CAGR of over 10% during 2010-15.
According to the research report, the Philippines express delivery market will grow at a considerable CAGR rate thus reaching USD 915.0 million by 2020. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.

“The Express delivery companies should focus on implementation of an advanced automation system which will enhance user experience, reduce the delivery time and will also remove unnecessary bottle necks and human effort in the logistics cycle” according to the Research Analyst, Ken Research.
Companies such as LBC Express, PHL Post, 2GO and Air 21 have been few of the prominent names in the domestic express delivery market. The competition amongst the players has been majorly limited due to the presence of major player who have dominated the industry due to the development of high brand value and a sense of security amongst the Filipinos
The potential of Philippines to become the most important gateway in the Asian continent has been a lucrative opportunity for logistics companies and has led to their inception in the early years of this industry.
The latest publication on “Philippines Logistics Market Outlook to 2020 –Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwarding” provides insightful analysis of the logistic market in Philippines. The report covers various aspects such as value chain, business model, transaction volume, cargo weight handled, revenue generated by Logistic market, Express delivery market, third party logistics, E-commerce logistic, Filipino Freight Forwarding and Balikbayan Box Market. The report provides segmentation by road freight, sea freight, warehousing, air freight and value added services; by B2B and B2C clients; cold chain logistics; and by international and domestic express delivery market. The provides market share and competitive landscape of major players operating in Third Party Logistic, Express delivery logistic, Air Freight logistic, Sea freight logistic market of Philippines. The report will aid domestic and International logistics players, government, airline companies, third party logistics players and other stakeholders to align their market centric strategies according to ongoing and expected trends in the logistics industry.
Key Topics Covered in the Report:

• Philippines logistics Market Size
• Market Segmentation by
  • Philippines Logistics and Forwarding Market Segmentation
  • By Type of Service
  • By B2B and B2C Clients
• Philippines Warehousing and Value Added Services Market
• Market size of Warehousing market
• Value Added Services Market
• Philippines Cargo Handling Size
• Philippines E-commerce Logistics Market
• Philippines Third Party Logistics Market
• Logistics and Forwarding Market Entry Barriers
• Filipino Freight Forwarding Market
• Market Segmentation by
  • by Seasonal Demand
• Balikbayan Market Future Outlook and Projections
• Market Share of Major Players in Domestic Air Freight Forwarding Market
• Market Share of Major Players in International Air Freight Forwarding
• Market Share of Major Players in Sea Freight Forwarding Market
• Philippines Balikbayan Box Market Introduction
• Market Segmentation by
  • Road Freight, Sea Freight and Air freight

Balikbayan Market Future Outlook and Projections

• Philippines Express Delivery Market
• Value Chain Analysis of Philippines Express Delivery Market
• Market segmentation
  • By Road and Air Express
  • By International and Domestic Express
• Express Delivery Market Barriers to Entry
• IT Systems Architecture in Express Delivery market
• Domestic Express Delivery Market
• International Express Delivery Market
• Philippines Express Delivery Market Future Outlook and Projections
• Market Drivers and Trends
• Philippines Logistics Market Future Outlook and Projections
• Analyst Recommendation
• Macro Economic Analysis
• Infrastructure

Companies Covered in the Report
Domestic Express Delivery players
LBC Express
Philippines Postal Corporation
JRS Express
Airfreight 2100 Inc
2 GO Express
International Express Delivery Players
DHL
FedEx
UPS
TNT
Domestic Airfreight Players
2Go Express Inc.
Cargo Padala Express Forwarding Service Corp
Wide Wide World Express, Inc.
JRS Business Corporation
AA! Worldwide Logistics
Vintel Logistics Inc
International Airfreight Players
Nippon Express Philippines, Inc
Yusen Logistics Philippines, Inc.
Trans-global Consolidators, Inc.
Kintetsu World Express Philippines, Inc.
Panalpina World Transport (Philippines), Inc
Schenker Philippines, Inc.
Kuenhe & Nagel, Inc.
UPS-Delbros Transport, Inc.
Expeditors Philippines, Inc.
source : https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html
Related Reports:
India Logistics and Warehousing Industry Outlook To 2019 - Driven By E-Commerce Logistics And Make In India Initiative
UAE Logistics Market Outlook To 2019 - Driven By Infrastructural Investment And Expanding Foreign Trade
Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 - Rising Intermodal Logistics Service To Drive The Future
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Philippines Freight Forwarding Market is Expected to Reach USD 41.3 Billion by 2020: Ken Research

Latest market research report “Philippines Logistics Market Outlook to 2020 –Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwarding” by Ken Research entails analysis of the logistics infrastructure, investment and revenue generation in Philippines. The report covers various aspects such as market size of logistics, freight forwarding (sea, air, road freight transaction volume, cargo volume handled), express delivery, third party logistics, e-commerce logistic, balikbayan box and Cold Storage market. The report also provides competition scenario and company profile of major players operating in third party logistics, express delivery logistics, air freight forwarding, sea freight forwarding market in Philippines. The report will aid domestic and International logistic players, consultants, government and other stakeholders to align their market centric strategies according to ongoing and expected trends in the logistics industry.

The Philippines freight forwarding market has witnessed a marginal increase over the years. Due to the rapid economic development of the Philippines, international and domestic trade volumes have significantly improved over the years from 2010 to 2015 which had increased the freight forwarding market in Philippines. The improvement in trade has resulted in an astounding demand of freight forwarding services in the country. Also, the growth in demand of freight forwarding services in the country has propelled the ingress of multinational companies in Philippines. The revenue registered from the freight forwarding market had increased from USD 20.2 billion in 2010 at a CAGR of 7.9% during 2010-2015.
According to the research report, the Philippines freight forwarding market will grow at a CAGR of 6.8% during 2016-20, thus reaching USD 41.3 billion by 2020. The government support and rapid economic development in the country will increase the market in future. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.
“The domestic freight forwarding business in the Philippines has been plagued by poor infrastructural growth and development. The present infrastructural systems have not been able to keep up with the rapid expansion of freight forwarding industry which has led to congestion at ports which has further increased delays in delivery time. The players in the industry should look forward to utilize alternative routes such as BCT and Laguna gateway instead of using the major ports like Manila, Bantangas and others. Filipino government will look forward to promote investments to develop sufficient infrastructural facilities such as road networks, sea ports and airports” according to the Research Analyst, Ken Research.
Key Findings in the Report:

• The lower export revenues from agro based products and petroleum pulled down the exports. The Cargo throughput in 2015 was reduced by 32.8%. The market has however grown at a CAGR of 4.7% during 2010-2015.
• In order to support the growth and sustained economic development, the government of Philippines will look forward to provide adequate support systems through streamlining administration processes, simplification of tax structure and integration of more advanced technology to enhance productivity levels.

Key Topics Covered in the Report:

• Philippines logistics Market Size
• Market Segmentation by
  • Philippines Logistics and Forwarding Market Segmentation
  • By Type of Service
  • By B2B and B2C Clients
• Philippines Warehousing and Value Added Services Market
• Market size of Warehousing market
• Value Added Services Market
• Philippines Cargo Handling Size
• Philippines E-commerce Logistics Market
• Philippines Third Party Logistics Market
• Logistics and Forwarding Market Entry Barriers
• Filipino Freight Forwarding Market
• Market Segmentation by
  • by Seasonal Demand
• Balikbayan Market Future Outlook and Projections
• Market Share of Major Players in Domestic Air Freight Forwarding Market
• Market Share of Major Players in International Air Freight Forwarding
• Market Share of Major Players in Sea Freight Forwarding Market
• Philippines Balikbayan Box Market Introduction
• Market Segmentation by
  • Road Freight, Sea Freight and Air freight

Balikbayan Market Future Outlook and Projections

• Philippines Express Delivery Market
• Value Chain Analysis of Philippines Express Delivery Market
• Market segmentation
  • By Road and Air Express
  • By International and Domestic Express
• Express Delivery Market Barriers to Entry
• IT Systems Architecture in Express Delivery market
• Domestic Express Delivery Market
• International Express Delivery Market
• Philippines Express Delivery Market Future Outlook and Projections
• Market Drivers and Trends
• Philippines Logistics Market Future Outlook and Projections
• Analyst Recommendation
• Macro Economic Analysis
• Infrastructure

Companies Covered in the Report
Domestic Express Delivery players
LBC Express
Philippines Postal Corporation
JRS Express
Airfreight 2100 Inc
2 GO Express
International Express Delivery Players
DHL
FedEx
UPS
TNT
Domestic Airfreight Players
2Go Express Inc.
Cargo Padala Express Forwarding Service Corp
Wide Wide World Express, Inc.
JRS Business Corporation
AA! Worldwide Logistics
Vintel Logistics Inc
International Airfreight Players
Nippon Express Philippines, Inc
Yusen Logistics Philippines, Inc.
Trans-global Consolidators, Inc.
Kintetsu World Express Philippines, Inc.
Panalpina World Transport (Philippines), Inc
Schenker Philippines, Inc.
Kuenhe & Nagel, Inc.
UPS-Delbros Transport, Inc.
Expeditors Philippines, Inc.
Related Reports:
India Logistics and Warehousing Industry Outlook To 2019 - Driven By E-Commerce Logistics And Make In India Initiative
UAE Logistics Market Outlook To 2019 - Driven By Infrastructural Investment And Expanding Foreign Trade
Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 - Rising Intermodal Logistics Service To Drive The Future
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Indonesia Animal Health Market is Expected to Reach USD 327 Million in 2019 – Ken research

The animal health industry in Indonesia is highly regulated. This concern stems not only from the public health, food safety and food security aspects but also from huge economic costs that those animal disease outbreaks. The Indonesian government has taken keen interest in the growth and development of farm animal health care. In 2013, the government had introduced strict norms in animal health act, which has stringent the guidelines of controlling various livestock diseases and demanded extra care from livestock owners. Over the past decades, the emerging and re-emerging diseases due to increasing freedom of trade in animals and animal products such as opening up of trade with Japan has heightened the need to strengthen disease control system.

The Indonesia’s animal health market can be broadly categorized into the various types of products offered namely feed additives, pharmaceuticals and vaccines. The market has been dominated by feed additives over the past few years due to the increased animal population in the country and the rising demand for better quality of livestock products such as meat, beef and others by the consumers. The second highest share was captured by pharmaceuticals segment. The pharmaceutical products include animal antibiotics, anti-microbial, parasiticides and others. Additionally, animal vaccines represented the fastest growing segment of this industry. The increased ownership of pets such as dogs, cats, birds and horses has led to this industry escalating at such a rapid pace.
According to the Research Analyst, Ken Research Indonesia animal feed additives market has grown tremendously over the years, owing to the rising expenditure on farm animals in the country and a consequent rising dependence on the livestock output for ensuring food security in the country. The market is already been subjugated by number of players, which offer extensive range of products including injectables, vitamins, minerals and enzymes. The market of animal feed additives in Indonesia is fragmented and is majorly dominated by the domestic players. Cargill Inc, ADM Alliance Nutrition are amongst few international players holding a significant share in the market.
The largest contributor to the Indonesia feed additives market has been vitamins. Vitamins are feed supplement for domestic animals such as cattle, poultry, beef and sheep. Vitamins  such as vitamin A, B12, D and E, each playing a significant role of its own. Vitamin A helps in bone formation and night vision. Vitamin B 12 has a significant role in ruminant animals with cobalt as a precursor. Similarly, vitamin E acts as an antioxidant for unsaturated fatty acids, metabolism and maintaining cell membranes. The third largest segment of the Indonesia animal feed additive market has been amino acids and anti-oxidants others comprised of products such as minerals, binders and probiotics and others with 3.5% contribution in the feed additives market of Indonesia.
Animal pharmaceuticals cover an extensive range of products, including anti-parasitic drugs, anti-inflammatory medications, anesthetics, pain medications, antibiotics and specialized products used to manage reproductive, cardiovascular or metabolic conditions. The animal pharmaceuticals segment of Indonesia was the second largest contributor to the animal market revenue. The revenue contribution from pharmaceuticals segment to the overall market revenues was influenced by an increased awareness about the benefits of these medicines amongst the owners of livestock and pets. According to the Research Analyst, Ken Research
For further detail follow the below mentioned link:
https://www.kenresearch.com/agriculture-and-animal-care/animal-care/indonesia-animal-health-market-research-report/686-104.html
Contact:
KenResearch
AnkurGupta,HeadMarketing&Communications
Ankur@kenresearch.com
+91-9015378249

The Market for Saudi Arabia Medical Devices is Expected to Flourish at a Noteworthy CAGR of 6.5% over 2015-2019 – Ken Research

Saudi Arabia’s first organized healthcare system was established in the year 1926 under which two hospitals were opened, Ajyad hospital in Makkah and Bab Shareef hospital in Jeddah. Prior to this the healthcare system in Saudi Arabia was completely unorganized. The real expansion of the overall healthcare sector of the country, however, only occurred over 1980-1990 during which a large number of hospitals and primary health centers were established all around the kingdom. Despite the advancements made by the MOH, supply of healthcare facilities struggled to keep struggled to match the pace of the escalating population. Therefore, to meet the shortfall the government started taking initiatives to encourage the involvement of private players in this potentially lucrative sector.
Over the last few years the government of Saudi Arabia has directed its efforts towards improving the overall healthcare of the country due to which the overall Healthcare Market has grown considerably. Healthcare market revenues have augmented at a noteworthy CAGR of 10.0% during 2009-2014. This growth in the market revenues has been perceived on account of consistent excellent performance of pharmacy retail Sector. This enhancement in the market was also assisted by significant growth of the country’s medical devices market and polyclinic Market.
The Saudi Arabia Healthcare Market has been segmented on the basis of different sectors namely polyclinic market, hospital market, pharmacy market and medical devices market. It has been found that the Polyclinic market contributed major proportion of the revenue generated from 2009-2014. It mainly includes MOH Polyclinics and Private Polyclinics during 2009-2014. Market on the other hand, has been considered as the second largest sector in the overall Healthcare Market. It mainly includes MOH hospitals and Private hospitals. Pharmacy Retail Market has been considered as the third largest sector in the overall Healthcare Market, It mainly includes Hospital Based Pharmacies, Pharmacies in Polyclinics and Chain based Pharmacies.

Saudi Arabia pharmacy retail market has been segmented on the basis of major cities that account for majority of Pharmacies. Riyadh has been the most dominant region in the Saudi Arabia pharmacy retail market during 2014. The reason behind this domination is that Riyadh is the capital of Saudi Arabia with the largest share of working class population and comprised of most number of hospitals and polyclinics in the country during 2014. Jeddah has been the second major city of pharmacies across Saudi Arabia during 2014. The reason behind this is that Jeddah is considered as the commercial hub of Saudi Arabia and is the second largest city in the country with a population base only second to Riyadh.
Saudi Arabia pharmacy retail market can be segmented on the basis of patented, private label goods (OTC products) and generic drugs. Patented drugs dominated the Saudi Arabia pharmacy retail market during 2014. The private label goods segment is second largest category of the overall pharmacy revenues during 2014. This has been due to the growing consumer income, stronger advertising support and tendency of customers to purchase additional consumer skin care and hair care products along with medicine over the counter. Generic drugs have been the smallest segment in pharmacy retail sector of Saudi Arabia.
For further detail follow the below mentioned link:
https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-healthcare-market-research-report/1106-91.html
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KenResearch
AnkurGupta,HeadMarketing&Communications
Ankur@kenresearch.com
+91-9015378249

The South Korean Online Retail Market is Expected to Grow at a CAGR of 17% in the Future – Ken Research

Marketplace model is the most commonly implemented business model in South Korea online retail market. An online marketplace model involves facilitating transactions between buyers and third party sellers who can interact with each other directly. The marketplace builder becomes the operator and provided customers with a platform to place their transactions. The marketplace operator aggregates the best offers for the customers without facing any hassles of handling logistics and inventories. . A typical e-commerce marketplace aggregates product information from multiple sellers, which allows users to compare different products and make purchases. Buyers visit the online marketplace, browse and select an item from the product range and the marketplace places that order through the third party seller, who in turn handles fulfillment of that purchase.

The South Korean online retail market can be generally segmented into the following product types naming- clothing and fashion products, books and stationary, electronics, food and grocery, sports music and entertainment, beauty products and the others which would consist of the infants and children products, household goods, motor parts and accessories and garden products. The leader in market has been the electronics product category. Moreover, people can purchase the products easily from the local markets at a cheaper price owing to a presence of a large number of manufacturers.
The South Korea online clothing and fashion products market has emerged as one of the fastest growing market in the previous few years. This industry has been majorly driven by factors such as high speed internet, smartphone penetration in the country and a high proportion of middle aged people in the country who prefer to keep up with the ongoing trends and fashion. . The online clothing and fashion products market is poised to grow at a CAGR of 25.8% in the coming five years backed by higher demand of the clothing and fashion products by the middle aged population of South Korea who are generally skeptical to make large transactions online.
Online books and stationery market is a vital component of South Korea online retail market. The capacity for online books and stationery market in South Korea has showcased a glorifying growth rate, which was determined by advent of e-books which can be read on PCs, mobile phones, laptops and tablets. The South Korea online books and stationery market has showcased a compound annual growth rate of 8.2% in the period, 2009-2014. With an increase in schooling population, the competition is going to intensify and new players have looked forward to establish themselves in the market. Kyobo for an example was the largest offline bookstore chain in the country; however with increasing popularity of e-commerce, they have initiated their online book store as well.
The mergers of organizations have always been successful in reducing the competition but at the same time they also increase the strength of the companies involved in the process. The mergers and acquisitions in the South Korea online retail market have opened up plenty of opportunities for the companies in terms of higher penetration, efficient capital allocation, greater customer base and increased reach of the companies indulged with a global presence. Apart from the ongoing investments Coupang is expected to be the largest online retailer of South Korea with its plan of expanding its product offering with help of the ongoing investments.
For further detail follow the below mentioned link:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/south-korea-online-retail-market-report/695-105.html
Related Reports:
Asia Online Jewellery Market Outlook to 2019 - Driven by Lucrative Discounts and Rising Online Buyers
India Online Grocery Market Outlook to 2019 - High Growth Prospects due to Increasing Internet Coverage and Smart Cities Emergence
The Philippines E-Commerce Market Outlook to 2018 - Driven by Rising Internet Proliferation and Effective Online Payment System
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249