Riyadh Retail Real Estate Market Outlook to 2021: Ken Research

The report titled “Riyadh Retail Real Estate Market Outlook to 2021 - Oversupply and Downward Stress on Rental Rates to Trigger Cautions Outlook” provides a comprehensive analysis of the retail real estate sector in Riyadh. The report covers current and future retail demand and supply on the basis of gross leasing area. Retail mall categories along with their annual rental rates have also been presented in the report. In addition, current and future supply gap along with upcoming retail projects have also been showcased in the report. This report will help industry consultants, real estate and construction companies, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Introduction

Evolution of the retail sector has transformed the Kingdom’s landscape from small unorganized retail outlets and line shops to the development of large scale shopping malls with international brands, entertainment zones and world class hypermarkets. The primary reason for this trend is because retailers have realized the higher footfall from regional and super regional malls as a result of integrated spaces and shift in consumer shopping experience towards leisure and entertainment.

Retail Demand and Supply 

The total retail supply in Riyadh inclined from ~ million square meters during 2012 to ~ million square meters of gross leasing area during 2016, registering a CAGR of ~% during the same period. Conversely, total occupied retail space inclined to ~ million square meters of gross leasing area during 2016 from approximately ~ million square meters during 2012, achieving a CAGR of ~% during the same period. The labor ministry signed an agreement to allow women to work at lingerie shops, thus increasing employment and income level of Saudi women in the retail sector. Apart from the rising tourism in Riyadh, more domestic households opting to stay within the country during vacations have resulted in higher retail earnings. Saudi Arabian General Investment Authority (SAGIA) had announced during 2015 to allow 100% foreign ownership in retail businesses. This move is expected to increase demand for retail space by international brands in the coming years.

Retail Mall Categories 

The retail real estate market in Riyadh comprises of various small and large scale developmental projects. Retail mall categories comprise of regional, super regional and community centers. Super regional and regional malls accounted for nearly ~% of the overall retail supply in Riyadh during 2016. Conversely, community centers comprise of standalone retail outlets, supermarket and hypermarket and have accounted for ~% of overall retail supply in the city during 2016.

Average Rental Rates

The rental rate charged by mall developers varies across different mall categories in Riyadh. It is evident that rental rates for regional and super regional mall are much higher in comparison to community centers and stand alone stores because of better location, potential to get international brands and reputed anchor stores to the mall and robust infrastructure facilities. Within these regional and super regional malls however, rental rates differ based on area, location within the mall and brand power. The annual average rental rate increased to a high of SAR ~ per Sq M during 2015 from SAR ~ per Sq M during 2012. However, downward pressure on rental rates caused this figure to decline to SAR ~ per Sq M during 2016.

Future Retail Demand and Supply 

The total retail supply in Riyadh is estimated to incline to ~ thousand Sq M of GLA by 2021 from thousand Sq M during 2016, registering a CAGR of ~% during the same period. Conversely, retail demand is projected to augment from ~ thousand Sq M during 2016 to ~ thousand Sq M of occupied space by 2021, achieving a CAGR of ~% during the same period. Saudi Vision 2030 with respect to feminization in the retail sector has targeted women participation in the workforce to increase from the current 22% to 30%. Increased female participation in the retail sector will positively impact and will lead to increased number of female owned businesses coupled with higher spending power. Increasing retail supply along with a slow conversion rate is expected to cause retail oversupply to reach ~ thousand Sq M. of gross leasing area by 2021.

Key Topics Covered in the Report:                                                                           

Ksa Real Estate Market

Riyadh Retail Real Estate Market

Overview of the Retail Real Estate Market in Saudi Arabia

Upcoming Shopping Malls in Riyadh

Factors influencing the sector of retailing in Saudi Arabia

Real Estate Companies Malls Riyadh

Retail Demand-Supply and Supply Gap Analysis in Riyadh

Regional Malls Market Riyadh

Rental Rates Super Regional Malls Riyadh

Retail Mall Categories and Average Retail Rental Rates in Riyadh

Ksa Retail Real Estate Market

Factors Affecting Retail Supply Riyadh

Future Retail Demand-Supply, Supply Gap Analysis and Key upcoming Malls in Riyadh City 

Shopping Centres in Riyadh

Rental Rate Regional Malls Riyadh

Riyadh Supermarket Hypermarket Industry

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-retail-real-estate-market/122993-97.html

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Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Indian Government Investment on Water Infrastructure & Sanitation Coverage, Housing For All By 2022 and ‘Make In India’ initiative will boost India DI & HDPE Pipe Market: Ken Research

• India DI & HDPE pipe market value will escalate in future owing to government’s focus on water infrastructure for potable water supply and aim of achieving 100% sanitation coverage in India. Government’s Housing for all by 2022 focuses building 2 crore houses for poor including economically weaker sections and lower income groups.
• India DI & HDPE pipe market is majorly driven by high demand in domestic market. Indian Government introduced ‘Make in India’ initiative in 2014 which has brought ease for foreign players to manufacture pipes in India and sell at lower cost, avoiding excise duties and taxes.
• Companies’ focus on increasing their exports and enhancing production levels & production capacities would aid in sustaining growth of the market.

India DI & HDPE pipe market is expanding owing to increasing water development infrastructure, increasing awareness on water conservation and aim to become 100% open defecation free nation. India DI & HDPE pipe market is likely to have strong linkages with investment in water infrastructure development and India is witnessing huge investment in water projects under ‘Swachh Bharat Abhiyaan’,  Atal Mission for Rejuvenation and Urban Development (AMRUT) and various other State level projects, the DI & HDPE pipe sector is anticipated to witness a bright outlook in upcoming years. Ductile Iron Pipe Industry Growth ,Ductile Iron Pipe Sector, Manufacturers DI Pipe in India, India HDPE Pipe Market, India HDPE Pipe Manufacturing Cost, Ductile Iron (DI) Pipes & Fittings - JINDAL SAW LTD, Ductile Iron Pipe Market Trends,  Electrosteel Castings Business Performance, Indian Pipe Industry: Trends & Opportunities, Ductile Iron Pipe Market 2017,Ductile iron pipes manufacturing India, Manufacturers PVC-O Pipes in India .
The major aim of these projects is the make sure that every citizen of India has optimum access to safe and hygienic drinking water. The government of India has been focusing on providing housing to each and every citizen of India by 2022. Rise in number of houses in the country will increase the need for constructing pipe infrastructure to transport water.
Modi Government introduced ‘Make in India’ initiative on September 25^th, 2014. The primary goal of this initiative is to make India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. Make in India has introduced multiple new initiatives, promoting foreign direct investment, implementing intellectual property rights and developing the manufacturing sector. This initiative has aided the domestic as well as foreign pipe manufacturing companies through its easy reforms and regulations to setup businesses in India. Many irrigation projects and dams are under-construction to aid the pipe market in India.
Increasing population rate, rising FDI in construction and development, high investment in improving gas distribution network and increasing number of housing units are some other key factors that may have positive impact on the market creating additional and replacement demand in the future, according to the Analyst at Ken Research.
Ken Research in its latest study, India DI & HDPE Pipe Market Outlook to 2022, suggests that demand of DI pipes in the market will continue to dominate in India owing to huge investment in water infrastructure, improving sanitation facilities and increasing awareness on using good quality pipes. The HDPE pipe market will grow on account of improving irrigation infrastructure, high demand of HDPE pipes for water supply in industrial & commercial sectors and enhancing gas distribution infrastructure. HDPE pipes are low weight pipes with longer lifespan and they are very easy to install manually. Increasing awareness among people for using HDPE will boost demand for HDPE pipes in future.
India DI & HDPE pipe market is estimated to register a positive CAGR during FY’2017 – FY’2022. Future investments in Swachh Bharat Mission and Housing for all by 2022 are expected to be key drivers for spiked demand in India DI & HDPE pipe market.
The report provides information on DI & HDPE pipe market (by revenue and production), market segments (by domestic & export market, by sector, by end user, by diameter, by grade, by application and by market structure), manufacturing process for DI & HDPE pipes, norms and regulations for DI & HDPE pipes, trade scenarios in India, pricing analysis, schedule of rates in various States, investment model for setting up manufacturing plant, future outlook, Snapshot of major opportunities in various States, Snapshot on PVC-O pipe market in India and covering major companies including Electrosteel Casting Limited, Srikalahasthi Pipes Limited, Jindal Saw Limited, Electrotherm Limited, Jai Balaji Industries Limited, Tata Metaliks, Sathavahana Ispat, Rashmi Metaliks Limited, Electrosteel Steels Limited, UPI Polymers Private Limited, Jain Irrigation System Limited, Nandi Polymers India Private Limited, Ductron Group, Gamson India Private Limited, Dura-Line Corporation, Floking Pipes Private Limited, Optiflux Pipe Industries and Ori-Plast Limited.
Topics Covered in The Report

• Ductile Iron Pipe Industry Growth
• Ductile Iron Pipe Sector
• Manufacturers DI Pipe in India
• India HDPE Pipe Market
• India HDPE Pipe Manufacturing Cost
• Ductile Iron (DI) Pipes & Fittings - JINDAL SAW LTD
• Ductile Iron Pipe Market Trends
• Electrosteel Castings Business Performance
• Indian Pipe Industry: Trends & Opportunities
• Ductile Iron Pipe Market 2017
• Ductile iron pipes manufacturing India
• Manufacturers PVC-O Pipes in India

To know more about the publication, click on the link below
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-di-hdpe-pvc-o-pipes-market/122369-97.html
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Philippines Bill Payment Market is Expected to be more than Double in Next 5 Years: Ken Research

Increasing number of money transfer organizations, rising penetration of banks and growing number of money transfer modes such as mobile money, M-POS, NFC technology and others depicts growth in the money transfer industry of Philippines.
The Philippines has been the nation of source of one of the biggest Asian migrant Diasporas, with its economy greatly reliant on billion-dollar remittances from Filipinos residing and working in around 239 countries and territories. Overseas Filipino Remittance Philippines,  Bitcoin Wallet  Remittance  Philippines, Remittance Flow Philippines, Online Bill Payment  industry Philippines, Migration in Philippines, OFW Remittance Market  Statistics, Online bill payment services in the Philippines, Money Transfer Agencies Philippines, Similar to other countries with huge population of migrant workers, remittances have developed into the primary sustenance source for the beneficiaries in the Philippines. In the past five years, remittances have continually showcased a healthy compounded annual growth rate of 6.0%, driven by escalating demand for Filipino workers, particularly in North America, Saudi Arabia, UAE, Qatar, Hong Kong and Kuwait. In terms of the sector of employment, the highest demand has been from the service sector, and subsequently professional and technical sectors. Domestic remittance has also gained significant importance in the recent years in Philippines. Continued expansion of the Philippine economy and the generation of local income have contributed greatly to the distribution of wealth countrywide.

The increase in local migration over the years has been favorable to the growth of domestic money transfers. Increased use of basic utilities, gadgets, internet and others have raised the bill payments market of the country at a significant rate. Mobile money transfers have been gaining massive traction in the Philippines domestic remittance environment owing to several benefits accrued by this service. The aforementioned factors depict an increasing potential of money transfer industry in Philippines. Overseas Filipino Remittance Philippines,  Bitcoin Wallet  Remittance  Philippines, Remittance Flow Philippines, Online Bill Payment  industry Philippines, Migration in Philippines, OFW Remittance Market  Statistics, Online bill payment services in the Philippines, Money Transfer Agencies Philippines.
The report titled “Philippines Domestic and International Money Transfer Industry Outlook to 2021 – Growing Number of Overseas Filipino Workers and Technological Advancements to Aid Market Growth ” by Ken Research suggested tremendous growth in the domestic remittance, bill payments and international remittance market at a CAGR of 8.6%, 17.4% and 6.6% respectively in terms of transaction volume in the next five years till 2021.
Topics Covered In the Report

• Overseas Filipino Remittance Philippines,
• Bitcoin Wallet Remittance  Philippines
• Remittance Flow Philippines,
• Online Bill Payment industry Philippines,
• Migration in Philippines,
• OFW Remittance Market Statistics,
• Online bill payment services in the Philippines,
• Money Transfer Agencies Philippines,

To know more about the publication, click on the link below
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-money-transfer-remittance-market-report/121464-93.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

India DI & HDPE Pipe Market Outlook to 2022-Ken Research

Ken Research latest Report On  “India DI & HDPE Pipe Market Outlook to 2022 – Rising Government Investment for Improving Sanitation Coverage to Drive Future Growth” provides a comprehensive analysis of DI & HDPE pipe market in India. The report focuses on overall market size for India DI & HDPE pipe market, India DI Pipe market segmentation on various bases (by domestic & exports sales, by diameter, by grade and by sector), HDPE pipe market segmentation on various bases (by domestic & exports sales, by diameter, by pressure class, by applications, by end users, by sector demand, by market structure). The report also covers manufacturing process for DI & HDPE pipes, norms and regulations for DI & HDPE pipes, trade scenarios in India, pricing analysis, schedule of rates in various States, investment model for setting up manufacturing plant, future outlook, Snapshot of major opportunities in various States, Snapshot on PVC-O pipe market in India, major players in DI, HDPE & PVC-O markets and trends & developments in both India DI & HDPE pipe markets. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

India Ductile Iron Pipe Market
In terms of revenue, the market for ductile iron pipes has increased at a CAGR of ~% during FY’2011 – FY’2017 from INR ~ billion in FY’ 2011 to INR ~ billion during FY’ 2017. The primary growth drivers for DI pipe market were increasing Government initiative and schemes for providing safe and adequate drinking water like National Rural Drinking Water Programme, AMRUT, Smart City Mission and ‘Swachh Bharat Abhiyan’ and others, providing sanitation facilities in all the rural areas, inter-linking of rivers, huge exports and awareness on safety and hygiene that led to growth on sales for DI Pipes. Over the years, the domestic DI pipe market, in terms of production, grew at a CAGR of ~% during FY’2011 – FY’2016, manufacturing ~ million tons in FY’2011 to ~ million tonnes during FY’2016.
Market segmentation by domestic & export sales: Approx ~% of revenue of DI pipes is generated from domestic sales. Domestic companies’ incapability of meeting international standards has been major reason for fewer sales in the exports market. Foreign countries majorly demand for big size DI pipes and only Jindal Saw, Electrosteel Group and Electrotherm Limited cater to the needs of foreign market.
Market Segmentation by Diameter: ~mm segment has dominated the sales for the DI Pipe market and contributed ~% revenue to the overall market. The cost of 100mm–150mm DI pipes is higher than large diameter pipes owing to highest demand in the market, high rejection cost and complex manufacturing process. 200-300mm pipes can withstand pressure of ~ bars. These DI pipes are used for residential and industrial purposes to transport water for drinking and manufacturing purposes and contributed ~% revenues to the overall DI pipe market. Companies produce 300mm and above DI pipes on the basis of prior order from the customers. DI pipes above 300mm diameter contribute around ~% of the production in the entire market.
Market Segmentation by Grade: DI Pipe market by grade comprises of K7, K8, K9 and K12 pipes. K7 and K9 grade pipes dominated the market and generated ~% revenue from the overall DI pipe market. K8 and K12 class pipes are manufactured only for exports and manufactured on special requirement. These pipes have contributed ~% revenues to the overall market.
Market Segmentation by Sector: Ductile iron pipe for water management contributed approximately ~% of the total revenue. DI pipes used for sewerage purpose contributed to ~%. ~% of the DI pipes for water management is used for drinking water applications and remaining ~% is used for industrial water supply.
Competitive Landscape of Major Players in India Ductile Iron Pipe Market
In the domestic market, in terms of production capacity Jindal Saw Ltd. is the market leader with a production capacity of ~ million tonnes during FY’2016 and highest market share in terms of value. Electrosteel Casting Ltd. is a subsidiary of Electrosteel Casting Group and it is the market leader in terms of production for ductile iron pipes. Electrosteel Casting Ltd. dominated the market by producing ~% (FY’ 2016) of the cumulative DI pipes produced in India. Srikalahasti Pipes Ltd. produced ~ million ton ductile iron pipes in FY’ 2016, and generates ~% revenue in the overall market (FY’2016). In FY’ 2016, Electrosteel Steels Ltd. had second highest production capacity among all the domestic players in India. The production capacity of the company is ~ million tons. Other major players in India ductile iron pipe industry are- Electrotherm Ltd, Tata Metaliks, Sathavahana Ispat Industries, Rashmi Metaliks and Jai Balaji Group.
Future Outlook of India Ductile Iron Pipe Market
Ductile iron pipes market value majorly depends on DI pipe projects and price of DI pipes. In terms of revenue, DI pipe market in India is anticipated to grow from INR ~ billion in FY’2017 to INR ~ billion in FY’2022. The DI Pipe market in terms of revenue is anticipated to grow at a CAGR ~% during FY’2017 – FY’2022. It has been anticipated that market will continue to remain undersupply producing approximately ~ million tons ductile iron pipes till FY’2019.
India HDPE Pipe Market Size
The domestic market of HDPE pipes escalated from INR ~ billion in FY’2011 to INR ~ billion during FY’2017. The primary growth drivers of HDPE market in India during FY’ 2011 – FY’ 2017 were new infrastructure development, replacement of metallic pipes with HDPE pipes due to corrosion and rusting, expanding gas distribution system, increasing sewerage facilities and growth of telecom duct market.
Market Segmentation by domestic & export sales: The best selling HDPE pipes in Indian market are small diameter pipes (upto DN ~mm) which contributed ~% revenue to the overall market. The supply of HDPE pipes in the market is not enough to suffice the demand in the market and majority of the HDPE pipes are sold in the domestic markets. Major countries such as China, Germany and Belgium dominate the export market of HDPE pipes.
Market Segmentation by Diameter: Short diameter pipes (Upto ~ mm) dominated the market owing to high use of pipes in water management and telecom duct industry. HDPE pipes upto DN ~mm dominate the segment with a revenues share of ~% in the overall HDPE pipes market. DN 560-710 mm HDPE Pipes are majorly used for water rehabilitation contributing ~% revenues to the overall market. 560mm and above diameter HDPE pipes are preferred owing to huge pressure, corrosion resistant and transportation of large quantity of oil and gas contributing ~% revenues to the overall market.
Market Segmentation by Application: HDPE pipes for water applications dominated the market contributing ~% to the total revenue of HDPE pipes market.
HDPE pipes for oil and gas application contribute ~% to HDPE pipe market revenue.
Market Segmentations by Sectors: HDPE pipes for government sector contribute approximately ~% to the HDPE pipes market revenue. Irrigation, sewerage facility and water supply have been the major focus of Indian government which boosted the demand for HDPE pipes in Indian market.
Market Segmentation by Market Structure: Organized Sector has contributed ~% revenues to the overall market. Need of low investment in setting up a plant has resulted in entry of many small scale competitors in the market. Unorganized market has contributed ~% revenue to the overall HDPE pipe market.
India HDPE Pipe Market Future Outlook
In India, approximately ~% agriculture fields have proper irrigation facilities and the remaining ~% depends on monsoon for water supply. Government of India has been working on expanding water facilities for irrigation purpose, aiding the HDPE pipe market in India. The HDPE market is anticipated to increase from INR ~ billion in FY’2018 to INR ~ billion in FY’2022 at a CAGR ~% during FY’2018 – FY’2022.
Key Topics Covered in the Report:

• Introduction to India Ductile Iron Pipe Market
• India Ductile Iron Pipe market size, FY’2011 – FY’2017
• India Ductile Iron Pipe market segmentations by domestic & export sales, by diameter, by grade, by sector
• Competitive Landscape of Major Players in India Ductile Iron Pipe Market
• India Ductile Iron Pipe Market Future Outlook
• India HDPE Pipe Market
• India HDPE Pipe Market Size, FY’2011 – FY’2017
• India HDPE Pipe Market Segmentation by domestic & export sales, by diameter, by application, by sales, by end user, by market structure, by pressure class
• India HDPE Pipe Market Future Outlook
• Norms and regulations for DI, HDPE & PVC-O pipes
• Investment Models and Value Chains for DI & HDPE Pipes
• Schedule of Rate of DI & HDPE pipes for various States
• Snapshot of each State on the basis of water infrastructure development opportunities
• Snapshot on India PVC-O Pipe Market

To know more about the publication, click on the link below
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-di-hdpe-pvc-o-pipes-market/122369-97.html
Related Reports by Ken Research
India PVC Pipes and Fittings Industry Outlook to 2020 - Expanding Irrigated Area and Construction Sector to Stimulate Growth
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Indonesia Pumps Industry Outlook to 2021 - Increasing Government Initiatives towards Irrigation and Wastewater Treatment with Expansion of Industrial Sector to Drive Growth

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

Philippines Domestic and International Money Transfer Industry Outlook to 2021–Ken Research

Ken Research latest Report on  “Philippines Domestic and International Money Transfer Industry Outlook to 2021 – Growing Number of Overseas Filipino Workers and Technological Advancements to Aid Market Growth” provides a comprehensive analysis of remittance and bill payments market in Philippines. The report covers market size, segmentation on the basis of remittance corridor, mode of remittance, major occupation group and distribution of OFWs by cash remittance sent for international remittance market. For domestic remittance market it covers market size, segmentation on the basis of remittance channel, type of services and major flow corridors. It also includes the bill payments market in the country covering the market size and segmentation by type of bills. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the readers with the identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for industry consultants, remittance service providers (MTOs), banks, local agents and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Industry Overview
Philippines remittance market is led by the international remittances and domestic remittances which are represented by the OFW remittance inflow, the domestic remittances. During 2011-2016, the international and domestic remittance markets have showcased a remarkable growth at a CAGR of ~%. Market growth can be attributed to factors like increasing number of OFWs, growing infrastructure and developmental activities, rising business sectors and increasing job opportunities within the country, surging BPO sector and other related factors. Similarly, there had been a tremendous growth in the Philippines bill payments market displaying a CAGR of ~% during 2011-2016. The amplification exhibited by the market should be owed to rising utility bills due to the rising consumption of energy, water, mobile phones, internet facilities and other utilities.

Market Segmentation
International Remittance Market
The US accounted for ~% of the total remittances sent to the Philippines in 2016. From USD ~ million in 2011, remittances sent by Filipinos in the US have grown at a CAGR of ~%. With a percentage contribution of ~% in 2016, Saudi Arabia was ranked as the second largest remittance source for Philippines. Remittance from Saudi Arabia registered a total value of USD ~ million in 2011 and expanded to USD ~ million in 2016. USA and Saudi Arabia were followed by UAE, UK, Japan, Hong Kong and others.
On the basis of occupation the highest average remittance transaction per OFW was observed from the government officials followed by professionals and other workers during 2015.
The average remittance transaction per OFW has been observed to be the highest through banks followed by agencies, door to door services and others during 2015.
Domestic Remittance and Bill Payments Market
The non-bank channel, comprising of money transfer companies and pawnshops operating in the Philippines have dominated the market accounting for a share of ~% of the total number of domestic money remittance transactions in 2016. Banks held a meager share of ~% in the overall market.
Branch pick up service held the highest share in the market in terms of number of transactions during 2016 holding a share of ~%, followed by door to door, prepaid cards, online and direct credit to account services.
Utilities comprised of the major share in the total number of bill payments in the Philippines in 2016. Bills paid for electricity services contributed around ~%, the highest, to the total payments of utilities, followed by transactions for water and gas bills, mobile and internet bills.
Future Potential
The Philippines remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. A noticeable amount of FDI inflows was invested in BPO, electronics and energy sector. With the continual growth in FDI flows in the BPO sector, there are expected to be more employment opportunities leading to large scale migrations to urban cities. The continued zeal of domestic Filipinos to send money to their families will provide a major thrust to the domestic remittance market. Rapid growth in the introduction and use mobile technologies in the country for money transfer and bill payments are also a factor that depicts the growth of domestic remittance and bill payments market of the Philippines. International remittance market in the Philippines will continue to be driven by the increasing deployment of Filipinos in other countries. Unskilled workers and laborers will uphold their status as the largest deployed fraction of overseas workers and will continue to account for the largest share of aggregate remittances.
 Competitive Landscape
The domestic remittance space in Philippines has largely been a cash-to-cash market, with the money flowing from several informal modes of payment such as friends, family, drivers and others. As majority of the population in the Philippines has continued to remain un-banked, coupled with the fact that cash-to-cash mode of payment is not fitting to banks' transaction services, regulatory and compliance structure, a large portion of the country’s inhabitants continue to resort to exchange of hard cash. These formal payment channels, which include banks, money transfer companies and pawnshops, serve a significant proportion of the Philippine population. Major Players in the market include Palawan Pawnshop, Cebuana Lhuillier, LBC Express, Western Union, M Lhuillier and others.
In 2016, banks absorbed ~% of the total remittances, indicating Filipinos’ mounting faith on this channel instead of sending money back home by means of friends or relatives. Remittances transferred through banks such as Banco De Oro, The Bank of the Philippine Islands, Philippine National Bank, Metro Bank have showcased an inclining participation over the last five years. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and MoneyGram were also important remittance channels for OFWs in the Philippines, recording a contribution of ~% to the total international remittance transaction volume in 2016.
Key Topics Covered in the Report:

• Overview of Philippines Domestic Remittance Market
• Philippines Domestic Remittance Market Size
• Philippines Domestic Remittance Market Segmentation
• Growth Drivers of Philippines Domestic Remittance Market
• Competitive Landscape of Major Players in Philippines Domestic and International Remittance Market
• Philippines Bill Payments Market Size
• Philippines Bill Payments Market Segmentation
• Rising Penetration of Mobile Money Transfers
• Philippines Domestic Remittance and Bill Payments Market Future Outlook
• Philippines International Remittance Market Overview
• Philippines International Remittance Market Size
• Philippines International Remittance Market Segmentation
• Trends in Philippines International Remittance Market
• Philippines International Remittance Market Future Outlook
• Macroeconomic Factors affecting Philippines Remittance and Bill Payments Market

To know more about the publication, click on the link below
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-money-transfer-remittance-market-report/121464-93.html
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Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth
 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Philippines Domestic and International Money Transfer Industry Outlook to 2021–Ken Research

Ken Research latest Report on  “Philippines Domestic and International Money Transfer Industry Outlook to 2021 – Growing Number of Overseas Filipino Workers and Technological Advancements to Aid Market Growth” provides a comprehensive analysis of remittance and bill payments market in Philippines. The report covers market size, segmentation on the basis of remittance corridor, mode of remittance, major occupation group and distribution of OFWs by cash remittance sent for international remittance market. For domestic remittance market it covers market size, segmentation on the basis of remittance channel, type of services and major flow corridors. It also includes the bill payments market in the country covering the market size and segmentation by type of bills. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

The report facilitate the readers with the identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for industry consultants, remittance service providers (MTOs), banks, local agents and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Industry Overview
Philippines remittance market is led by the international remittances and domestic remittances which are represented by the OFW remittance inflow, the domestic remittances. During 2011-2016, the international and domestic remittance markets have showcased a remarkable growth at a CAGR of ~%. Market growth can be attributed to factors like increasing number of OFWs, growing infrastructure and developmental activities, rising business sectors and increasing job opportunities within the country, surging BPO sector and other related factors. Similarly, there had been a tremendous growth in the Philippines bill payments market displaying a CAGR of ~% during 2011-2016. The amplification exhibited by the market should be owed to rising utility bills due to the rising consumption of energy, water, mobile phones, internet facilities and other utilities.

Market Segmentation
International Remittance Market
The US accounted for ~% of the total remittances sent to the Philippines in 2016. From USD ~ million in 2011, remittances sent by Filipinos in the US have grown at a CAGR of ~%. With a percentage contribution of ~% in 2016, Saudi Arabia was ranked as the second largest remittance source for Philippines. Remittance from Saudi Arabia registered a total value of USD ~ million in 2011 and expanded to USD ~ million in 2016. USA and Saudi Arabia were followed by UAE, UK, Japan, Hong Kong and others.
On the basis of occupation the highest average remittance transaction per OFW was observed from the government officials followed by professionals and other workers during 2015.
The average remittance transaction per OFW has been observed to be the highest through banks followed by agencies, door to door services and others during 2015.
Domestic Remittance and Bill Payments Market
The non-bank channel, comprising of money transfer companies and pawnshops operating in the Philippines have dominated the market accounting for a share of ~% of the total number of domestic money remittance transactions in 2016. Banks held a meager share of ~% in the overall market.
Branch pick up service held the highest share in the market in terms of number of transactions during 2016 holding a share of ~%, followed by door to door, prepaid cards, online and direct credit to account services.
Utilities comprised of the major share in the total number of bill payments in the Philippines in 2016. Bills paid for electricity services contributed around ~%, the highest, to the total payments of utilities, followed by transactions for water and gas bills, mobile and internet bills.
Future Potential
The Philippines remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. A noticeable amount of FDI inflows was invested in BPO, electronics and energy sector. With the continual growth in FDI flows in the BPO sector, there are expected to be more employment opportunities leading to large scale migrations to urban cities. The continued zeal of domestic Filipinos to send money to their families will provide a major thrust to the domestic remittance market. Rapid growth in the introduction and use mobile technologies in the country for money transfer and bill payments are also a factor that depicts the growth of domestic remittance and bill payments market of the Philippines. International remittance market in the Philippines will continue to be driven by the increasing deployment of Filipinos in other countries. Unskilled workers and laborers will uphold their status as the largest deployed fraction of overseas workers and will continue to account for the largest share of aggregate remittances.
 Competitive Landscape
The domestic remittance space in Philippines has largely been a cash-to-cash market, with the money flowing from several informal modes of payment such as friends, family, drivers and others. As majority of the population in the Philippines has continued to remain un-banked, coupled with the fact that cash-to-cash mode of payment is not fitting to banks' transaction services, regulatory and compliance structure, a large portion of the country’s inhabitants continue to resort to exchange of hard cash. These formal payment channels, which include banks, money transfer companies and pawnshops, serve a significant proportion of the Philippine population. Major Players in the market include Palawan Pawnshop, Cebuana Lhuillier, LBC Express, Western Union, M Lhuillier and others.
In 2016, banks absorbed ~% of the total remittances, indicating Filipinos’ mounting faith on this channel instead of sending money back home by means of friends or relatives. Remittances transferred through banks such as Banco De Oro, The Bank of the Philippine Islands, Philippine National Bank, Metro Bank have showcased an inclining participation over the last five years. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and MoneyGram were also important remittance channels for OFWs in the Philippines, recording a contribution of ~% to the total international remittance transaction volume in 2016.
Key Topics Covered in the Report:

• Overview of Philippines Domestic Remittance Market
• Philippines Domestic Remittance Market Size
• Philippines Domestic Remittance Market Segmentation
• Growth Drivers of Philippines Domestic Remittance Market
• Competitive Landscape of Major Players in Philippines Domestic and International Remittance Market
• Philippines Bill Payments Market Size
• Philippines Bill Payments Market Segmentation
• Rising Penetration of Mobile Money Transfers
• Philippines Domestic Remittance and Bill Payments Market Future Outlook
• Philippines International Remittance Market Overview
• Philippines International Remittance Market Size
• Philippines International Remittance Market Segmentation
• Trends in Philippines International Remittance Market
• Philippines International Remittance Market Future Outlook
• Macroeconomic Factors affecting Philippines Remittance and Bill Payments Market

To know more about the publication, click on the link below
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-money-transfer-remittance-market-report/121464-93.html
Related Reports by Ken Research
UAE Remittance and Bill Payments Market Outlook to 2021 - Rising Expatriate Population, Growing Business Activities and Increasing Demand for Utilities to Foster Growth
India Bills Payment Market Outlook to 2020 - Rising Internet Penetration and Advent of Mobile Wallet to Shape Future Growth
Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth
 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Government monitored Strict Food Standards Creating Challenges for Baked Goods Industry in Taiwan: Ken Research

The bakery market in Taiwan is one of the most developed sectors in the economy. The market is now experiencing a slow expansion rate. The focus of the market is now moving towards restructuring itself, improving the safety and quality of food items and expanding in size. There is an increasing health consciousness amongst the consumers. They are now demanding healthier products and are giving more importance to details like the ingredients compositions. Natural butter and natural sweeteners, whole wheat flour, whole grains, dried fruits, fresh fruits, tree nuts etc. are healthier ingredients that are now gaining popularity. These ingredients are highly priced and with more and more consumers preferring them, this helps in the growth of the market and improving the quality of the products available.The disposable income of the population has been rising and the consumers are now able to afford the highly priced healthy ingredients.

According to the market research report "Baked Goods in Taiwan", the packaged leavened bread is the fastest growing segment in the market as its consumer base has been on a rise but the unpackaged leavened bread still has a much greater demand in the country. European-style bread is now being preferred by the consumers as they have more grains, seeds and nuts and are believed to be healthier than the local bread. They are more expensive and are sold through artisanal and chained bakeries.
In 2014, there were many food scandals which had shaken the consumer confidence in packaged goods. This however, led to better and stricter food safety standards. The government has imposed a greater level of monitoring over the market to ensure consumer safety and satisfaction. The consumers and media are also promoting and encouraging better food standards, leading to more quality conscious market rather than price oriented.

One of the major hindrance in the market growth is the popularity of eating out which cuts the revenue of packaged bakery goods.The baked goods market is already a well-developed market with intense competition. Therefore, there is less scope of growth and expansion of the industry. Uni-president Enterprises Corp is the leader in the baked goods market in Taiwan. It has gained and maintained this position because of the close ties with convenience stores which have helped in building a strong distribution network. The restructuring of baked goods industry has also lead to rise in competition as many new companies have entered the market.

There many fragments in the baked goods industry in Taiwan. Artisanal players have the largest market share. The accessibility of these artisanal bakers throughout the country is one of the major reasons for their strong position in the market. They are strategically located near transport stations and hubs and can be found in large cities and other urban areas along with many shopping centres. The market share of the artisanal bakeries has increased marginally and has led to the decline of other producers. The local bakeries offer freshly baked goods which are liked by the consumers. A wide variety of baked goods are available that differs from producer to producer along with differences in quality.

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/baked-goods-taiwan/112190-11.html

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

Augmenting Disposable Income Harness Fruitful Returns for Beauty and Personal Care Market Indonesia: Ken Research

The economic conditions in Indonesia have been improving and have led to a rise in disposable income of the consumers because of the increase in employment rate. This rise in disposable incomes and increased consumer confidence in the economy has increased the demand for beauty and personal cares products. The consumers are now inclined towards buying better quality beauty and personal care products as they are increasingly exposed to international beauty trends through the internet and other sources.

According to the market research "Beauty and Personal Care in Indonesia", in 2016, the industry recorded a brawny growth. The awareness for wellbeing has been on a rise in Indonesian consumers and this has helped the beauty and personal care market to grow. Colour cosmetics and other similar beauty products have a high demand in the country because of daily use by the people. Dermocosmetic brands combine natural essence and medical knowledge to produce their products. They are now becoming popular choice in the market and have improved the demand of skin care segment. There were limited product innovations in 2016 in the baby and childcare segment, which recorded an unwavering growth.

Cosmetics are a primary focus of the National Development Plan for Industry of the Indonesian Government until 2019. The huge contribution towards the GDP of the country by the industry is the reason the segment has been prioritised by the government and is considered an economically important segment. The objective of the government behind this is to promote the export of beauty products with a special focus on neighbouring countries like Australia, Malaysia and Brunei Darussalam. The government also wants to reduce the cost of production of the domestic producers and is therefore encouraging the production of raw materials locally rather than importing.

Many new domestic companies are now entering the beauty and personal care market. This has resulted in increased competition. Companies like Paragon Technology and Innovation PT are growing rapidly in the market whereas the big companies like Unilever Indonesia Tbk PT have recorded a stagnant market share. The licenses of producing halal products are now being given to domestic companies like Martina BertoTbk PT, which is helping them to beat the competition with Wardah brand. There are many modernisms in the market and the companies are reinventing their existing product portfolio as well as introduced new products.

New innovations are a key strategy to survive in the market and build a strong consumer base.  Halal products are the new rage in the beauty and personal care market. These are products that are not produced using ingredients derived from animals, are not tested on animals and do not contain alcohol. The majority of the population in Indonesia is Muslim, which is now rapidly shifting to halal products. This trend is expected to continue and be a major driving force of the market in the future. The demand for herbal products is also experiencing a strong growth with the rising concerns for side effects of products that may contain harmful chemicals. Natural products are gaining popularity and are increasingly expanding their market size.   

Key Topics Covered in the Report:

Indonesia Beauty and Personal Care Market Research Report

Indonesia Beauty and Personal Care Market Size

Indonesia Beauty and Personal Care Industry Analysis

Indonesia Beauty and Personal Care Trade Market

Indonesia Beauty and Personal Care Retail Market

Indonesia Beauty and Personal Care Production Output

Indonesia Beauty and Personal Care Import Volume

Indonesia Beauty and Personal Care Export Volume

Indonesia Beauty and Personal Care Market Future Outlook

Indonesia Beauty and Personal Care Market Competition

Indonesia Male Grooming Market

Indonesia Hair Oil Market

Body Lotion Market Indonesia

Sun Screen Lotion Market Indonesia

Female Fragrances Market Indonesia

For further reading click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/beauty-personal-care-indonesia/93470-95.html

Related reports:

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/north-america-facial-mask-market/111247-95.html

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/global-facial-mask-market/111222-95.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

High competition Reducing the Profit Margin in Spain Baked Goods Sector- Ken Research

Bread has been an integral part of the Spanish diet. Almost every meal in Spain includes bread on a daily basis and the case has been the same for thousands of years. Earlier, the baked goods market had been going through a rough phase due to recession but now with the economy picking up, the baked goods market has also started showing signs of recovery. The consumer confidence in the market has been returning. Bread consumption was continuously declining for sometimes but has now regained its growth. Bolleria is a name for sweet bakery, which is one of the major segments of Spanish bakery market. It is the largest segment in the market followed by sliced bread.

According to the market research report "Baked Goods in Spain", the baked goods market has been growing in terms of volume after the problems faced by the market in 2014 and 2015. The companies are trying to increase the sales of products, which offer a higher profit margin.The artisan craft bread generates the most revenue and is mostly sold through in-store bakeries and local bakeries. Frozen dough bakery items are now becoming increasingly popular and are substituting the traditional bread dough because of less hassle. In terms of value sales, wrapped bakery holds an insignificant amount but is growing due to the growing prevalence of supermarkets that have in-store bakeries. The local bakers are losing their market share to in-store bakeries. Many of the big companies are trying to expand their business abroad due to less chances of growth in domestic market.
The market is highly competitive and the companies are trying to bring their costs down in order to make their products more attractive. Distribuidora International de Alimentación, S.A. (DIA), Eroski and Mercadona, S.A. are a few of the leading companies in the market. The distribution channels used by the producers include supermarkets, department stores, convenience stores, hypermarket, cash and carriers, variety stores, eRetailers and warehouse clubs. The strong distribution channels have been one of the key tools for improving the market conditions. Frequent deliveries are made to the distribution network. The pre-requisites for retail market of bakery goods include a good promotional packaging, a life shelf of at least 30 days, a margin of over 35% and listing fees according to the store numbers.
The companies have started to recognise the market opportunity by focusing on innovation and health in order to produce new and superior quality products. New product developments are mainly aimed at developing healthier options for the consumers as the existing products already have a high fat and sugar content. Many leading players are now bringing out age specific products in order to broaden their consumer base and offer wider variety to the consumers. For children the products contain high calcium and white bread for school lunches, for the young working generation options as healthy wraps have been introduced. The market has been rapidly adopting with the changes in consumer preferences and promises growth in the coming years. Even though the market shows vital signs of recovery, the disposable incomes remain low and there is high unemployment in the country which hinder the growth of the market.
Topics Covered in the Report

• Spain Baked Goods Market Research Report
• Spain Baked Goods Market Size
• Spain Baked Goods Market
• Spain Baked Goods Trade Market
• Spain Baked Goods Retail Market
• Spain Baked Goods Production Output
• Spain Baked Goods Import Volume
• Spain Baked Goods Export Volume
• Spain Baked Goods Market Future Outlook
• Spain Baked Goods Market competition
• Bakery market in Spain
• Bolleria market in Spain
• Spain Baked Goods Market share
• Spain Baked Goods Market growth
• Spain Baked Goods Market trends
• Spain Baked Goods Market future
• Spain Baked Goods Market analysis

For further reading click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/general-food/baked-goods-spain/112189-11.html
Related reports:
Opportunities in the Latin American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies
Research Report on China Beef Market, 2017-2021
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249