Thursday, June 8, 2017

Forming of IIA to strengthen insurance sector in Hong Kong: Ken Research

The Hong Kong economy is considered to have the highest degree of economic freedom in the world and is one of the leading international financial markets. It has one of the most effective taxation systems, a low level of corruption, a very strong banking and legal system and is the third largest recipient of FDI in the world. The FDI limit for the insurance sector is 100% which greatly improves the sector’s performance and attracts many international insurance companies. Hong Kong is prone to natural disasters such as floods, storms, earthquakes and wildfires. This makes the insurance sector all the more important. Also, the country has high per capita insurance premium and is considered to be the most developed insurance market in the region.
In Hong Kong, the healthcare system is provided by both public and private companies as well as domestic and international companies, this makes the market highly competitive. This sector has been seeing some growth as there has been a growth in the consumer awareness regarding the incentives of insurance. There has been a rise in healthcare expenditures and a rise in the number of accidents which add to the growth of this sector. In addition to this increasing population and rising disposable income have contributed to this segment. Health insurance makes up more than 75% of the personal accident and healthcare insurance.

According to the research report “Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020”, the main channel of distribution remains to be insurance agents but the multi-channel distribution has been growing rapidly with bancassurance penetration i.e. the distribution of insurance products by banks, gaining popularity. The insurance sector is regulated by the Office of the Commissioner of Insurance (OCI) which will now be replaced by Independent Insurance Authority (IIA) by the Insurance Companies (Amendment) Ordinance 2015. It will establish a legal licensing system which will help to protect the policy holders and for growing the insurance industry. The CEPA agreement signed with China will further help in the development of the industry.

Recently, AIA International Company one of the biggest health insurance companies revised it’s health claim approval policy for reimbursement of “excessive health procedures” at private hospitals, making it more difficult to get approvals. This step has been taken due to medical claims abuse. According to the insurance company doctors unnecessarily hospitalise patients who have health insurance, this increases the premium amount to cover the increased costs and leads to medical inflation. To avoid this, the hospitalisation fees for “simple procedures” such as colonoscopy, gastroscopy and cataract surgery would no longer be covered by the health insurance as they can be easily be carried out at day care centres. This can result in loss to people who own health insurance, as other companies are considering implementing a similar policy.

Bupa (Asia) Ltd,Axa General Insurance Hong Kong Ltd,Axa China Region Insurance Company Ltd, Blue Cross (Asia-Pacific) Insurance Ltd, CTPI (Hong Kong) Ltd, AIA International Company, Prudential (Hong Kong) General Liberty International Insurance Ltd, Bank of China Group Insurance Ltd and Zurich Insurance (Hong Kong) Ltd are the major insurance companies that provide personal accident and health insurance.

Key Topics Covered in the Report:
Personal Accident and Health Insurance in Hong Kong
Hong Kong Health Insurance Sector
Health Insurance Industry Hong Kong
Hong Kong Health Insurance Research Report
Hong Kong Health Insurance Regulations
Hong Kong General Insurance Sector
Personal Accident Insurance Gross Written Premium Hong Kong
Hong Kong General Insurance Gross Written Premium
Hong Kong Health Insurance Market Trends
Hong Kong Health Insurance Sector Competition

To know more about the publication, click on the link below:

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Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Non life insurance - a profitable business in Hong Kong: Ken Research

The Hong Kong economy is considered to have the highest degree of economic freedom in the world and is one of the leading international financial markets. It has one of the most effective taxation systems, a low level of corruption, a very strong banking and legal system and is the third largest recipient of FDI in the world. The FDI limit for the insurance sector is 100% which greatly improves the sector’s performance. Hong Kong is prone to natural disasters such as floods, storms, earthquakes and wildfires. This makes the insurance sector all the more important. Also, the country has high per capita insurance premium and is considered to be the most developed insurance market in the region.
According to the statistics as at 31 December 2016 provided by the Insurance Agents Registration Board ("IARB"), there were 2,482 insurance agencies, 63,148 individual agents and 26,835 responsible officers/technical representatives registered with the IARB. As at 31 December 2016, there were 160 authorized insurers in Hong Kong, of which 94 were pure non life insurers, 47 were pure long term insurers and the remaining 19 were composite insurers. General insurance sector recorded a modest growth in 2015, with total gross premiums increased by 5.4% to $45,983 million while underwriting profit decreased by 60.7% to $1,193 million.

There has been a decline in claims of non life insurance but inspite of the decline of claims experience, many of the business reported an underwriting profit. Huge profits were also registered by the Goods in Transit business and Accident & Health business. The two major classes of compulsory business, direct Motor Vehicle business and direct EC business had registered underwriting losses
AXA General Insurance Hong Kong, China Taiping Insurance (HK) Company Limited, Bupa (Asia) Limited, Zurich Insurance Company Ltd, Bank of China Group Insurance Company Limited, QBE Hong Kong & Shanghai Insurance Limited, AIG Insurance Hong Kong Limited, Blue Cross (Asia-Pacific) Insurance Limited, Chubb Insurance Hong Kong Limited and AXA China Region Insurance Company Limited had been the 10 leading insurers in Hong Kong.
According to the research report “Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020”, the intermediaries between policy holders and the authorised insurers are the insurance agents and brokers. The insurance agents are affiliated with some or the other insurance company but the brokers are not contracted through any insurance company. As at end-June 2016, there were 2,482 insurance agencies and 56,809 individual agents registered with the Insurance Agents Registration Board, and 744 authorised insurance brokers who are the members of the approved bodies of insurance brokers, namely The Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association. The insurance sector is regulated by Office of the Commissioner of Insurance (OCI), which has set up a regulatory framework and guidelines for the insurers and insurance intermediaries.
Key Topics Covered in the Report:
Global Non-Life Insurance Industry
Hong Kong Non- Life Insurance Market Research
Non-Life Insurance Sector Trends Hong Kong
Hong Kong General Insurance Regulations
Motor Insurance Market Research Hong Kong
Property Insurance Sector Hong Kong
Health Insurance Demand Hong Kong
Hong Kong Automobile Industry Research
Hong Kong Four Wheeler Demand
To know more about the research report:
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Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Fair Growth in European Aviation industry Driving Demand for Airport Construction Projects-Ken Research

Europe is a continent that comprises the westernmost part of Eurasia. Europe is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, and the Mediterranean Sea to the south. Europe is the richest region and its economy is currently the largest on Earth. Historically, air transport in Europe has developed with the support and control of national authorities. Europe has monopolistic national carriers and publicly owned or managed airports. International air transport was based on inter-state bilateral agreements and has expanded accordingly, in particular, market access and ownership regimes of carriers.




The EU regulatory measure has turned a protected national aviation market into a competitive single market for air transport. The air-packages relaxed related to the fares, capacity and removing all commercial restrictions for European airlines operating within the EU. These changes in European aviation established European Single Aviation Market. The number of passengers in air transport increased rapidly over the years, which is the strongest growth in all modes of transport in Europe. The European Parliament has stressed the need for a common policy on air transport for the establishment and proper functioning of the Single Aviation Market.
The airport construction projects in Europe are followed by Timetric's Construction Intelligence Center (CIC)), which includes project details from the announcement to execution stages. The estimated total value of the airport construction projects in Europe is US $126.1 billion. The countries involved are Turkey, UK, Russia, Germany, Portugal, Austria, Norway, Italy, Ukraine and Greece.
A new passenger terminal was constructed at Zagreb International Airport, Croatia, to replace the existing damaged terminal. The expansion plans at the Amsterdam Airport, included the new fifth runway. The plans also involved the innovative automatic border passage system that uses iris recognition, enabling quick and secure border passage. Igor Sikorsky Kyiv Airport (formerly Zhuliany airport) is an international airport located 7km away from Ukraine's capital city. Domestic Terminal D at the airport was renovated and reopened in March 2017; facilitate the airport to accommodate up to two million passengers a year. Construction of a new Terminal B was proposed by airport operator in Luxembourg Airport Authority. The planning, preparation and construction works of the new terminal were started in the same year and will be complete by the mid of the year 2017. The investment in Tallinn International Airport is Estonia's is estimated €127m for its development between 2016 and 2020.
The European air traffic management is constantly exploring ways to manage capacity and growth with the infrastructure or runway expansion which is a perfect solution. Despite major economy doubts, the Europe’s aviation market remained sturdy in 2015. In the coming years Europe’s GDP may grow by 1.8% annually all the way through 2035. The European airlines carries approximately 307 million passengers, showing increase in passengers of about 12.3% over 2014. The aviation market is expected to grow rapidly during the next 20 years, while acquiring more than 7,500 new airplanes.
Topics Covered in The Report

  • Airport construction market Europe
  • Airport construction industry Europe
  • Europe Airport construction industry developments
  • Europe construction projects
  • Europe upcoming construction projects
  • Europe Airport Construction investment
  • Europe Airport construction regulations
  • Europe Airport construction regulations
  • UK Airport construction market
  • Germany Airport construction market
  • Germany Airport construction market growth
  • Germany Airport construction market trends
  • Germany Airport construction market Future
  • Germany Airport construction market analysis
  • Germany Airport construction market size
  • Spain Airport construction market
  • France Airport construction market growth
  • France Airport construction market trends
  • France Airport construction market size
  • France Airport construction market analysis
  • France Airport construction market
  • Europe aviation industry
  • Italy aviation sector
  • France aviation sector
To know more, click on the link below:
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/airport-construction-projects-europe/109195-97.html
Related reports
Project Insight-Airport Construction Projects: Global
Project Insight-Airport Construction Projects: The Americas
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
www.kenresearch.com
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Location: France

Wednesday, June 7, 2017

Progress in Algeria Processed Meat and Seafood Supply at Affordable Prices: Ken Research

Algeria is the second largest nation in North Africa. Algeria’s financial and economic conditions improved during the mid 1990s. The economy of Algeria is dominated by the state. The country with great efforts has developed many industries other than petroleum industries. These industries attracted many foreign investments and employment growth was observed. Many of the country men were unemployed or had lower income that reduced their spending limit. With the increase in various industries, majority of young and women population were employed. The massive growth in food sector is due to the growth in nation’s economy. The year 2017 will witness a drastic growth in processed meat and seafood industry for its huge demand.
Majority of the working women preferred processed food due to less time to prepare quick meals. The best alternative foods to use in their daily nutrition are processed foods due to increasing desire for convenience and easy-to-prepare.
The popularity of processed meat and seafood in Algeria continued to be driven principally by the demand for staple foods at more affordable prices. Therefore, processed meat and seafood are extremely encouraged in Algeria. The new lifestyle patterns and increase in convenience for the processed meat and seafood led to the development in this sector in 2016. Many branded companies increased their investment in this sector and the sales growth was encouraged by a rising number of modern traditional grocery stores selling these products.
Processed meat and seafood is a highly uneven category in Algeria. Bellat - Conserverie des Viandes d'Algérie is the best performer in processed meat such as poultry, beef, sausages, and so on. This company offers a variety of products and has a longstanding existence in the market with an extensive distribution network.
In the year 2016, Algeria witness increase and decrease in the sales of processed meat and seafood. Increase in sales, recorded a healthy retail volume and value sales growth but decrease in sales was purely due to unemployment as a result of economic crisis. In the coming years, the growth of processed meat and seafood in Algeria is expected to remain strong both in value and volume terms. The growth in this sector will be driven by the rise in prices over the coming years and volume growth will be driven by modernization. The expected population growth and busier lifestyle is projected to increase. This will further strengthen consumer appreciation for the growth of processed meat and seafood in Algeria.
Key Topics Covered in the Report:
Processed Meat and Seafood in Algeria
Algeria Seafood Market Research
Algeria Processed Food Industry
Algeria Canned Food Market Research
Processed Meat Demand in Algeria
Processed Meat Import Algeria
Algeria Processed Meat Industry Competition
Algeria Processed Meat and Seafood Market Future Outlook
To know more about publication, click on the link below
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Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Rising Smart phone Penetration and Increasing Online Banking Transactions will drive the growth of Brazil Cyber Security Market: Ken Research

·         Rising online banking population in the country will create growth opportunities for cyber security providers.  
·         Increasing smart phone penetration especially growth in the mobile applications market will drive the demand for cyber Security solutions in the country.
·         Growing number of startups in the country, majorly in IT and finance sector will amplify the market size of the cyber security Industry.

Brazil cyber security market is expected to grow at a robust rate in coming future owing to the increasing use of smart phones, online banking transactions and growing number of start ups. Moreover, rising acceptance of Bring Your Own Device (BYOD) trend among organizations supplemented by enhanced network connectivity will extensively leverage the businesses. This will widely lead to the generation and consumption of enormous amount of data traveling from the organizations to the mobile devices such as smart phones, laptops, tablets and others. This trend is expected to result into the increased demand for cyber security solutions to prevent the data loss due to cyber crime. Cyber Crimes Losses in Brazil,
Future Endpoint Security Market, Symantec Market Share Internet Security, Avast Total Security Competition, McAfee Antivirus Market Share, Trustwave Competition Antivirus, Latin America Cyber Security Market, Cybercrime in Brazil,



Rising use of internet and smart phones has increased the e-commerce industry in the country. Brazil is well positioned when compared to other powerful emerging economies. Brazil has approximately 119 million Internet users in the country with the share of 54.2% in the total population in 2016. Growing smart phone penetration in the country has surged the demand for broadband Internet connections. The digital shift towards ecommerce, internet and smart phones has raised the security concern among the population. This has positively impacted the demand for cyber security services from both enterprises and residential sector.
Ken Research in its latest study, Brazil Cyber Security Market Outlook to 2021 suggested Symantec, Avast, McAfee and Kaspersky Lab will continue their dominance but have to face fierce competition from the counterparts. The companies in the industry have plans to develop innovative products which can offer high scan speed and detection process.
The Brazil Cyber Security market is estimated to register a positive CAGR during 2016-2021. Inclining risk of cyber threats, increasing awareness about cyber security solutions, rising internet & smart phone penetration will be the key drivers for the growth of the remittance and bill payment industry in the country.

The report provided information on Brazil cyber security market, Brazil antivirus & antimalware market, Global cyber security market, Market segmentation, Future growth drivers competitive landscape of major companies including Symantec, Avast, McAfee and Kaspersky Lab, Trustwave ,Cyber Crimes Losses in Brazil,
Future Endpoint Security Market, Symantec Market Share Internet Security, Avast Total Security Competition, McAfee Antivirus Market Share, Trustwave Competition Antivirus, Latin America Cyber Security Market, Cybercrime in Brazil.
To know more about the publication, click on the link below-
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html

Related Reports by Ken Research
Brazil E-commerce Market Forecast to 2020 - Growing Internet Penetration and Last Mile Delivery to Shape Future Growth
India Cyber Security Market Outlook to 2020 - Rising Online Transactions and Government Inclination towards Heavy Digitization of Data to Fuel Growth
India Classified Market Outlook to 2020 - Rising Adoption of Online Channels and Growing Number of MSME to Foster Growth

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

Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Middle East Theme Parks Market Future Growth: Ken Research

Efforts made by the government, increased tourism and investments by international players in the region are the major factors which are expected to fuel the Middle East Theme Parks Market in future.
Effort made by the government to improve the tourism sector of the countries in the region was the major driving factor for theme parks market in the Middle East. Augmented inflow of tourists visiting the Middle East region added to the number of theme park visitors, thereby making them generate increased revenues during the review period. For instance, the total number of tourists arriving the UAE inclined from 15.4 million persons during 2014 to 17.8 million persons during 2016, registering a CAGR of 7.5% during the same period. The countries are shaping their events industry along with a favorable investment and business climate to attract more tourists into the country. Annual international events held in the region coupled with the increasing diversity of theme parks have not only increased the number of tourists but have also enhanced the length of stay of tourist in the region. Increasing supply of hotel rooms have reduced room rate which has also positively impacted the tourism sector in the region. 
The government of various countries in the region is inviting international players in theme park market to invest in their country, which is expected to augment the overall revenue. For instance, Flow House Waterpark in Kuwait, which was launched in September 2016, is expected to attract more people to the theme parks market of the country. Similarly, Warner Bros amusement park launch in UAE and the entrance of Kidzmondo theme parks in Saudi Arabia by 2017 are anticipated to positively impact the overall Middle East theme parks market during the outlook period.
Ken Research announced its latest publication on “Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth” suggested a rapid growth in the Middle East Theme Park Market which is majorly driven by the tourism sector of the countries. International theme parks, improved technology and safety in the amusement parks are attracting large number of tourists, generating high revenue for the market.
Key Topics Covered in the Report:
Jordan Tourist Theme Park
Number of Visitors Theme Park
Ride Attractions in Theme Parks
Theme Park Construction in GCC
Indoor Amusement Park in Middle East
Top 5 Amusement Parks in Middle East
Middle East Theme Park
Market Growth Theme Park
Middle East first theme park
Amusement Park Rides in Middle East
Upcoming Theme Parks in Middle East
To know more, click on the link below
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Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Brazil Cyber Security Market Outlook to 2021- Ken Research

Ken Research Latest  Report “Brazil Cyber Security Market Outlook to 2021 - Rising Smart Phone Penetration and Online Banking Transactions to Augment Demand for Security” provides a comprehensive analysis on the cyber security market in Brazil. The report covers various aspects such as overall size of Brazil cyber security market size in terms of revenues, Global cyber security market size, Brazil antivirus & antimalware market size,  Market segmentation of Brazil cyber security market on the basis of types of security, solutions, regions, end users, major industries, services and others,  Brazil antivirus & antimalware market segmentation, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry. The report also covers the competitive landscape of the industry, heat map analysis, list of system integrators and consultants operating in the market.




The report also includes future outlook and projection of Brazil cyber security market, Brazil antivirus & antimalware market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a benchmark for every new player which is seeking to enter into cyber security market in Brazil.
This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for cyber security companies, antivirus & antimalware companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Brazil is undergoing a digital revolution with few parallels in the developing world. The rate of digital penetration and social media adoption has risen exponentially over the past decade. Over 50% of Brazilians are active Internet users, & Brazilian financial institutions were early adopters of online services. Cyber security and online fraud are major concerns, with annual losses reaching billions of dollars.
The cyber security industry has increased from USD ~ million in 2011 to USD ~ million in 2016 growing at a CAGR of ~% during the period. The demand for the cyber security solutions has grown tremendously owing to the increasing use of smart phones, rising number of online transactions and growing number of start ups in the country. There are thousands of attempts to attack information & communications technology systems in Brazil in day to day life. Increasing cyber crime problems in the country is the key driver for the growth of the cyber security industry.
Market Segmentation
On the basis of security types, Cloud based security is the ~ contributor in the industry. The increasing number of virtualized and cloud networks in Brazil is boosting the demand for cloud based security. Cloud security has added the share of ~% in the revenues in 2016. Wireless security has contributed ~% in the revenues of the industry. Network endpoint has contributed ~% followed by application ~% and content ~%.
On the basis of solutions, Indentify and Access Management (IAM) has dominated the industry with the share of ~% in terms of revenues. IAM is used to provide authorized access to the employees and other authorized personnel to organizational systems.
BFSI sector has majorly dominated the revenues in the industry with the share of ~% in 2016 on the basis of types of industry in Brazil. The country ranks second in the world in online banking fraud and financial malware.
Antivirus & Antimalware Market
The antivirus & Antimalware market has increased at a robust rate in past few years. The market has increased from USD ~ million in 2011 to USD ~ million in 2016 growing at a CAGR of ~ % during 2011-2016. The country comes among the top ten markets for the software in the world. The top level treats in the country are cyber theft and financial attacks against individuals, followed by corporates and other government and non government entities. Cybercriminals in the country take advantages of popular sports and championships. The world cup and Olympics hosted by the country has registered large number of cyber attacks in the country.
Future Potential
Brazil cyber security market is estimated to increase at a CAGR of ~% during 2016-2021 to reach at USD ~ million in 2021. Brazil cyber security market is expected to grow at a robust rate in coming future owing to the rising risk of cyber threats, increasing awareness about cyber security solutions, growing use of smart phones & internet and changing technologies. Rising Fraud cases and cyber attacks in banking and financial sector in the country has surged the demand for cyber security services in the companies from this sector.
BFSI sector will dominate the industry in coming future in terms of revenue followed by government, IT & Telecom, Healthcare and others. On the basis of end user, the large businesses will dominate the market in coming future in terms of revenues. The large businesses with their large infrastructure and network will dominate the demand break up for cyber security, According Ken Research.
Key Topics Covered in the Report:
  • Brazil Cyber Security Market Introduction
  • Value Chain Analysis of Brazil Cyber Security Market
  • Global Cyber Security Market and Contribution of Brazil
  • Brazil Cyber Security Market Size, By Revenue
  • Market Segmentation (By Hardware, Software, and Services , By Security Type, By Solutions, By Services, By Industries, By End Users, By Deployment, By Origin of Provider, By Region/ City)
  • Snapshot on Antivirus and Anti-malware Market  (Market Size, Market Share, Product Comparison, USP, Pricing,  Segmentation, Future, Buying Decision Parameters, Price Composition)
  • Government regulations in Brazil Cyber Security Market Trends and Developments in Brazil Cyber Security Market
  • Issues and  Challenges in Brazil Cyber Security Market
  • Decision Making Process Before Hiring Cyber Security Company in Brazil
  • SWOT Analysis for Brazil Cyber Security Market
  • Heat Map Analysis of Brazil Cyber Security Market
  • Competitive Landscape for Brazil Cyber Security Market
  • List of System Integrators and Consultants in Brazil Cyber Security Market
  • Future Analysis of Brazil Cyber Security Market
  • Analyst Recommendation
  • Macroeconomic Factors Impacting Brazil Cyber Security Market
To know more about the publication, click on the link below-
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html
Related Reports by Ken Research
Brazil E-commerce Market Forecast to 2020 - Growing Internet Penetration and Last Mile Delivery to Shape Future Growth
India Cyber Security Market Outlook to 2020 - Rising Online Transactions and Government Inclination towards Heavy Digitization of Data to Fuel Growth
India Classified Market Outlook to 2020 - Rising Adoption of Online Channels and Growing Number of MSME to Foster Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Brazil

Tuesday, June 6, 2017

As an important reference factor in car consumption, the sunroof is a practical auto accessory to facilitate ventilation and improve interior lighting degree. Sunroof is born with vehicles, which once was the symbol of limousine and luxurious auto configuration. Nowadays, many low-price cars are equipped with sunroofs due to its popularization.
The automobile industry developed rapidly after China joined WTO, which promoted the development of automobile accessory industry. In 2015, the output volume of automobiles was 24,503,300 in China, increasing by 3.25% YOY. Meanwhile, the sales volume reached 24,597,600 with an increase of 4.68% YOY. The growth rate of output volume and sales volume declined by 4.05% and 1.92% compared to 2014 respectively. The output volume and sales volume of passenger vehicles respectively reached 21,079,400 and 21,146,300 with an increase of 5.78% and 7.30% respectively. From 2009 on, China continuously became the world's largest automobile producer and sales market.
China Sunroof Industry Research Report
The development of automobile market, especially the rapid growth of passenger vehicle market, promotes the development of sunroof market in China. The output volume of automobiles in China was merely 2.07 million in 2000. Most vehicles were not equipped with sunroofs when leaving factory, whilst merely a small quantity of automobile refit manufactories offered sunroof installation services. Based on CRI, one third of automobiles were equipped with sunroofs when leaving factory in China up to the end of August, 2016. More than half of the automobiles whose prices exceed CNY 100,000 are equipped with sunroofs. In addition, many sunroofs are installed through automobile refit factories. Although a small amount of high-end sunroofs are imported, China is self-sufficient in most varieties of sunroofs with a large number of exports. China sunroof market is occupied by foreign-funded sunroof giants such as Webasto which continually increase their production capacity. For instance, Webasto built over 10 production bases in China with the sales revenue of over CNY 5 billion.
A larger amount of domestic enterprises in China enters the sunroof industry. However, they fail to form a large scale of production capacity due to technical and financial obstacles. Most domestic enterprises in China produce limited types of sunroofs, of which the quality and after-sales quality are difficult to guarantee. Therefore, their target market mainly focuses on the low-end whole vehicle market and automobile refit market. Some domestic auto parts manufacturers enhance their production capacity and market share by purchasing foreign-funded sunroof manufacturers. In 2011, Beijing Hainachuan Automotive Parts Co., Ltd. of BAIC Motor purchased 100% stock equity of Inalfa. According to the analysis of CRI, the output volume and sales volume of automobiles in China are predicted to increase year by year with the rapid development of Chinese economy. Meanwhile, the progressive upgradation in the product structure of automobiles, especially passenger vehicles, provides great opportunities in the development of sunroof industry. Expanding investment of enterprises such as Webasto in China proves greatly the bright prospect of the sunroof industry. The entire vehicle market and after-sales market in China offer numerous opportunities to the global sunroof manufacturers.
Through this report, readers can acquire the following information:
Development Environment of China Sunroof Industry
Supply and Demand Status of China Sunroof Industry
Competition Status of China Sunroof Industry
OEM and After-sales Market of Sunroof
Analysis on Import and Export of Sunroofs in China
Major Sunroof Manufacturers in China and Their Operation Status
Trend of Production Costs and Price in China Sunroof Industry
Major Driving Forces and Market Opportunities in China Sunroof Industry, 2017-2021
Risks and Challenges Faced by China Sunroof Industry, 2017-2021
Prospect of China Sunroof Industry, 2017-2021
Key topics covered in report
China Sunroof Industry
China Sunroof Industry Size
China Sunroof Industry Share
China Sunroof Industry Trends
China Sunroof Industry Forecast
China Sunroof Industry Outlook
China Sunroof Industry Analysis
China Sunroof Industry Research Report
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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