Monday, November 6, 2017

Indonesia Car Finance Market Growth is expected to Driven by Growing Economy and Favorable Government Regulations: Ken Research

Lower down payment requirements, growth of Fintech companies, increased sale of new and used cars have aided the demand for car finance in Indonesia. 
The report titled “Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions - Outlook to 2021” by Ken Research suggested a robust CAGR of 7.8% in credit disbursement of the Indonesia car finance market by 2021 with growing new and used car sales and increasing car finance penetration rate driving the loan disbursement in the future.
Indonesia car finance market is in the growing stage. It is dominated by the unorganized players as they offer simpler documentation and convenient car finance options. The market has witnessed increasing use of technology such as simulation tools, online application and payment methods and others. In order to stimulate the economic growth of the country, Otoritas Jasa Keuangan (OJK) reduced the down payment requirements in effect increased the Loan to value ratio in 2015. Indonesian consumers who use credit to purchase a passenger car need to pay a minimum down payment limit of 25% from 30% in 2014.
Recovery of Indonesian economy, lower financing rates and improved business environment has positively impacted the consumer confidence index of Indonesia. This has resulted in increasing number of cars financed by banks and other non financial institutions. Easing inflation rates and increasing purchasing power has further supported the consumer confidence index. With the success of new car models by major players in the Indonesia automotive industry, the number of new cars sold increased by 4.8% in 2016 from 1,013,291 in 2015 to 1,061,859 in 2016. The major players which include Toyota, Honda and Daihatsu have accounted for 83.6% of the passenger car sales market in 2016. The low cost green car has witnessed the fastest growth during 2016 which accounted for 20.7% of the total manufactured cars. Furthermore, Indonesia’s premium gasoline and diesel fuel prices declined by IDR 500 per liter which is a lagged effect of on sliding international crude oil prices that occurred in Q4-2015.
Recent times have witnessed rising internet penetration and the use of online portals such as Carmudi, OLX and Mobil88 for selling used cars which have streamlined this market. There is more transparency in the market and buyers have a wide variety of brands and models to choose from the convenience of their home. The used car market sale has increased by 4% during 2016 from 960,000 in 2015 to 1,000,000 in 2016. This has further augmented the amount of car loan disbursed in the economy.
Key Topics Covered in the Report:
Used Car Sales in Indonesia
Top Indonesia Car Loans Banks
Indonesia Average Loan Rate
Auto loan Industry in Indonesia
Used Car Financing in Indonesia
Interest Rate Car Loan in Indonesia
Compare Auto Loans in Indonesia
Used Car Sales in the Indonesia
Vehicle Financing in Indonesia
New Car Sales in Indonesia
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Friday, November 3, 2017

Indonesia Car Finance Market Outlook to 2021: Ken Research

The report titled “Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions - Outlook to 2021” provides a comprehensive analysis of the car finance market in Indonesia. The report covers aspects such as the market size of the Indonesia Car Finance market segmentation on the basis of type of car financed, tenure of loan and type of financial institution. The report also covers the competitive landscape, government regulations, customer preferences, and value chain analysis of the Indonesia Car Finance Market. In addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, car finance providers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Market Potential
Indonesia car finance market is in the growing stage. It is dominated by the unorganized players as they offer simpler documentation and convenient car finance options. The market has witness increasing use of technology such as simulation tools, online application and payment methods and others.    
The market is dominated by multi finance companies which majorly cater to the middle class population. Consumer finance accounts for ~% of the total value of multi finance industry. The car finance market increased from USD ~billion in 2011 to USD ~ billion in 2016 at a CAGR of ~%. The major growth drivers include expanding urban population, growth in new and used car sales, lowering lending rates and customizing loan schemes. The market has witnessed stringent government regulations in terms of adhering to the minimum capital requirements, revision of down payments requirements and submitting financial report. Multi finance companies today offer convenient facilities in terms of online presence which has reduced documentation, digital installment payment system and simpler procedure. This is the reason why consumers prefer to deal with multi finance companies rather than commercial banks.
Market Segmentation
By New Car and Used Car Finance: New car finance have accounted for the larger share of ~% in the Indonesia car finance market in 2016. Whereas, used car finance contributed ~% in the market revenue. The share of used car finance has increased over the years from ~% in 2013 to ~% in 2016. Since the value of new cars is greater than that of used cars, therefore the credit disbursed in the new car segment is higher. Moreover, this was further supported by lower credit cost and improving economy
By Tenure of Loan-New Car: The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and life style of the individual. The maximum tenure allotted for a car loan by both banks and private finance companies is five years for new. It has been observed that, people opting for 3 year loan tenure has accounted for ~% of the new cars financed in 2016 followed by 2 years loan tenure with ~% of the number of new cars financed in 2016 whereas 4 year loan tenure contributed ~%, 1 year loan tenure contributed ~% and 5 Years loan tenure contributed only ~% in the number of car financed in 2016.
By Tenure of Loan-Used Car: People opting for 2 year loan tenure of used cars has have registered a share of ~% in the number of used cars financed in Indonesia in 2016. This was followed by 3 year loan tenure with ~% and 1 year loan tenure with ~% share while only ~% of the used cars have been financed for loan tenure of more than 3 years. Shorter tenure is usually chosen due to easier installments and the lesser price of used cars.
By Financial and Non Financial Institutions (New Car): Commercial banks and financial institutions have accounted for ~% of the credit disbursed for new car in 2016. The non financial institutions which include captive and non-captive finance companies have contributed the remaining ~% of the credit disbursed for new car financing in 2016.
By Financial and Non Financial Institutions (Used Car): In the used car segment non financial institutions have accounted for the larger share of ~% of the credit disbursed for used cars in Indonesia in 2016. Whereas commercial banks contributed the remaining ~% of the credit disbursed in 2016. Majority customers availing used car loans lie in the low income level group. Used car loans are riskier as the chance of default is higher. Therefore, customers do not prefer going to a commercial banks for such loans due to the stringent regulation
Competitive Landscape
The industry is fragmented and each company caters to its own niche by specializing in several categories such as product financed (4W, 2W, HE) and geographical reach. These companies majorly compete on improving services, expanding distribution network and enhancing customer relationship. The car finance market is dominated by multi finance companies as they offer car loan services to middle class people who form the largest proportion of customers availing car finance. Banks dominate the new car finance market as they are highly regulated and present a reliable source for availing car loans. The major players in the industry are Bank Central Asia (BCA), Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), CIMB and Bank Danamon Indonesia.
Future Analysis and Projections
The Indonesia car finance market is expected to increase from USD ~ billion in 2016 to USD ~ billion in 2021 at a CAGR of ~% in terms of credit disbursement. The market will be driven by increase in sale of passenger cars, inflated ticket size and increased penetration rate. Passenger vehicle segment of the Indonesia’s automotive industry is estimated to grow at a CAGR of ~% from 2016 to 2020. The low cost green car segment (LCGC) is expected to experience the fastest growth at CAGR ~% from 2016 to 2020. Furthermore, with urbanization expected to reach ~% by 2030, significant infrastructure development and growing working age population, the sale of passenger cars will grow.
Key Topics Covered in the Report:
Finance the Car in Indonesia Process
Financing Schemes Car Loans Indonesia
Loan Disbursed Cars in Indonesia
Financing a Used car in Indonesia
Used Car Sales in the Indonesia
New Car Loan Market Indonesia
Car Loans Indonesia Top 5 Banks
New Car Sales in Indonesia
Indonesia Car Loan Industry
Compare Auto Loans in Indonesia
Applying Car Loan in Indonesia
Car Loans Indonesia Bank Share
Auto and Car Loans in Indonesia
Indonesia Car Credit Market Future
Auto Classified Portals in Indonesia
Islamic Banks Indonesia Car Loan Market
Indonesia Average Loan Rate
Top Indonesia Car Loans Banks
Vehicle Financing in Indonesia
New and Used Car Financing in Indonesia
Auto Loans Terms and Conditions in Indonesia
For further reading click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Thursday, November 2, 2017

Country Profile: Bakery & Cereals Sector in the UAE

Increasing health awareness among consumers and growing demand for products with health & wellness attributes are driving sales of Bakery & Cereals in the UAE. Of the eleven markets, Bread & Rolls is the largest, while the Breakfast Cereals market is forecast to register the fastest growth during forecast period (2016-2021). The Bakery & Cereals sector in the country is fragmented, with top five brands accounting for more than one-fourth of the overall sales as on 2016. Hypermarkets & Supermarkets is the leading channel for the distribution of Bakery & Cereals products in the country.
GlobalData's Country Profile report on the Bakery & Cereals sector in the UAE provides insights on high growth markets to target, trends in the usage of packaging materials, category level distribution channel data and market share of brands.
What else is contained?
Market data: Overall market value and volume data with growth analysis for 2011-2021
Category coverage: Value and growth analysis for Baking Ingredients, Baking Mixes, Breads & Rolls, Breakfast Cereals, Cakes, Pastries & Sweet Pies, Cereal Bars, Cookies (Sweet Biscuits), Dough Products, Energy Bars, Morning Goods and Savory Biscuits with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and Warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
Packaging data: consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.
Scope
The UAE Bakery & Cereals sector is forecast to register value growth of 6.4% during 2016-2021.
Bread & Rolls is forecast to register the fastest growth rate during 2016-2021.
Hypermarkets & Supermarkets is the largest distribution channel in the UAE's Bakery & Cereals sector.
The top five brands in the UAE's Bakery & Cereals sector accounted for 28.1% value share, in 2016.
Flexible Packaging is the most commonly used packaging material in the UAE Bakery & Cereals sector.
Reasons to buy
Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
Manufacturers can identify the opportunities to position products with H&W attributes/benefits
Access the key and most influential consumer trends driving Bakery & Cereals products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Source: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/country-profile-bakery-cereals-sector-uae/136013-11.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com
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New luxury watch brands target youngsters in Indonesia: Ken Research

Indonesia is a developed country with mixed traditions and modernization. The country has the most happening brands in almost all sectors. Indonesia is the world's fourth-most populous country in the world and possesses attractive long term growth in any market with varying brands to meet the population’s vitality and sense of optimism. Consumer spending power, market liberalization and decentralization stimulate the economic growth of the country with the rapid development of the middle class. It was observed that strong consumerism already exists in the country due to the robust income and consumer desire to improve their living standards beyond home and car ownership. Therefore, consumer are demanding for various lifestyle products such as personal electronics, clothes, watches, domestic appliances and fashion along with outdoor recreation.
Watch, today is a fashion rather than a mere timepieces. In the past, watch was considered as once-in-a-lifetime buy but in today’s modern world there is no limit to purchasing due to the styles ranging from casual to classy. The awareness in watches brand, western influences, and the desire to inherent an exclusive watch are few factors that affect the demand for luxury watches. Switzerland continues to rule the global watches market in terms of production and manufacture of luxury watches. The key markets for Switzerland watches are Asia, Japan and Singapore.
According to the study “Watches in Indonesia”, innovative luxury watch designs in Indonesia drive the growth of watches market. Watches are manufactured using advanced technologies such as robots, hi-tech coatings, advanced materials such as ceramics and titanium are offered by the makers. Also, there is an increasing demand for Swiss watches because of their quality, design, craftsmanship, and technological sophistication. The introduction of new international watch brands such as Daniel Wellington, Olivia Burton and Timex has made the market more competitive. Casio is another popular brand with affordable prices and good brand image. The three international watch brands target the young people with advertising strategies that involve emphasising their youthful image. Improvement in technology, quality, durability, and comfort in the luxury watches has maintained their demand.
The popular shopping destinations for Indonesians are shopping malls and department stores which are adapting to meet the needs and expectations of the rapidly increasing middle class. Majority of the watch manufacturers target the youth with fashion conscious and offer an array of products to cater the consumer needs with design and quality. It was observed that the watch market in Indonesia will witness a continuing growth in the coming years. The introduction new brands and models will surely drive the market with increase in volume sales of watches.
Topics covered in the Report
Watches Industry in Indonesia
Indonesia Watch Market Research
Indonesia Watch Revenue
Luxury Watches in Indonesia
Indonesia Watch Research Report
Indonesia Luxury Watch Market Future Outlook
International Watch Brands Indonesia
Personal Accessory Market Indonesia
Indonesia Watch Market Players
Indonesia Watch Manufactures
Watch Demand in Indonesia
For further reading click on the link below:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Growth of assorted popular alcoholic beverages in Philippines: Ken Research

Spirit is an alcoholic beverage that is produced by distillation of grains, fruit, or vegetables that undergo alcoholic fermentation. Philippines climatic condition is not suitable for plantation of grape-bearing vines. Therefore, grapes are grown in small quantities in the country.  Wine is made from other fruits such as mangoes, guavas and passion fruit. Mango wine is the most popular wine along with guava and passion fruit wines which are easily available. The variety of alcoholic beverages labelled as fruit wines are actually spirit bases. They are made up of grain or starchy roots flavoured with fruit extracts or concentrate. The leading alcohol producer in Philippines is the San Miguel Brewery that holds more than 90% of the beer market.
According to the study “Spirits in the Philippines”, gin, beer, rum, and brandy are the most popular drinks that are easily available in Philippines. Rum is an alcoholic spirit manufactured in the Philippines with white and gold versions. The products are well made and are used for cocktails. Blended whiskey, vodka and brandy are also produced at various levels of aging and quality. The common alcoholic beverage preferred in Philippines is beer. Local alcoholic drinks are tuba (coconut wine) and clear liquors produced from sugar or fruit. Imported beer, wine and whiskey are available but expensive. Tanduay is another popular brand of rum, along with Tondenia Premium Rum and Anejo 65 Rum brands which are available in Philippines. The popular brandy brands are Barcelona, Genoroso, and Gran Matador. The local Vodka brands are Cossack Vodka and Antonov Vodka. Don Enrique Mixkila is a combination of Tequila and distilled spirits. Erg is as brand of Alcotonic, Q-Shandy and Cali are brands of non-alcoholic beer. Boracay, Expired, Kagatan, Calibog are few of the cocktail drinks available in the country. Filipino lambanog is an alcoholic beverage manufactured by PDC and is going global. This product cannot be found anywhere else in the world and is a true Filipino spirit. Lambanog is hoping to find itself alongside the world’s best known distinctive liquors.
In the year 2013, the Philippines government has started to impose new taxes such as excise tax on the spirits such as beer, liquor, wine, and alcohol products. The spirits market in Philippines is still recovering from the effect of taxes. San Miguel is the leading brand in the manufacture of beer and gin in the country with a variety of products.  Beer na Beer is a close competitor for San Miguel. Philippine Distillers Company (PDC) is another leading player in the spirits market.
The growth of on-trade channel for spirits is driven by encouraging the cocktail culture in the country. On-trade establishments also introduce various spirits categories and consumers are attracted towards the new brands. The off-trade sale of spirits is always in bulk and it was observed that the off-trade spirits market will continue sales at a steady growth. However, the volume sales of imported brands remains negligible compared to the premium brand of spirits in Philippines. Majority of the consumers demand premium brands of spirits which are cost-effective compared to the country made spirits.
Philippine witnessed a recovery in the total volume sales of spirits in the recent years with a growth of more than five percentile which is 680 million litres. The robust economy in the country has driven the growth of the spirits market and increased consumer spending. The consumption of spirits in Philippines is expected to increase by volume to reach 734 million litres in the coming years. Therefore, a rapid growth is expected in the spirits market in the coming years in the categories of whiskies and wine. Majority of the manufacturers are implementing various strategies to market their products and stabilize their market positions.
Topics covered in the Report
Philippines Spirits Market Research
Spirits Industry Analysis Philippines
Philippines Alcoholic Beverages Market Research
Beer Market in Philippines
Philippines Spirits Major Players
Philippines Alcoholic Beverages Competition
Philippines Wine Market Research Report
Philippines Spirits Consumption Analysis
Philippines Alcoholic Beverages Industry Analysis
Philippines Alcoholic Beverages Industry Regulations
For further reading click on the link below:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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