Friday, June 7, 2019

Indonesia Used Car Market Drive by Emergence of Online Auto Classified and Increased proportion of C2C Transactions: Ken Research

Majority of the used car sales through online mode are generated from young individuals within the age group of 21-34 years. A new trend witnessed in the used car industry in Indonesia is the increased number of listings by dealers and customers on online platforms”
The report titled Indonesia Used Car Market Outlook to 2023 - Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales” by Ken The research suggested a growth at a noteworthy CAGR of 8.5% in terms of Gross Transaction Value in the upcoming years till the year ending 2023E. It is suggested that new online auto portals can incentivize dealers to post advertisements on their website by offering a competitive listing fee and cash back to buyers that purchased the used car through their website.
Indonesia Used Car Market.
Influence on Car Purchase Decisions: People used to prefer buying used cars in Indonesia on the basis of suggestions given by friends and families which were not up to the mark in terms of quality check. Apart from that, the market was dominated by numerous unorganized used car dealers (consisting of local dealerships, local vendors and others) that provided second-hand cars at cheaper rates and it benefited the price-sensitive customers within Indonesia. The biggest evolution can be seen via the organized structure which constitutes multi-brand organized showrooms and OEM certified dealerships that provide numerous used car brands which are subsidiaries of international automobile brands.
Competition Scenario: Competition within Indonesia used cars market was observed to be highly fragmented with the presence of a large number of local dealerships, small mechanics and individual sellers, which collectively makes up the unorganized space with the majority of the share in the year 2018. The remaining value share was captured by the organized sector during 2018. Some of the major organized players operating within the country’s used car industry include Online Portals such as OLX Indonesia, Mobil123, Carmudi, Mobil88Multi-Brand Showrooms / Dealerships such as Mobil88, Andre Motors, Auto2000, Tunas, Sun star motorsand OEM Certified Dealerships such as Auto Safe Hyundai, Toyota Trust, Mercedes Certified, and BMW Premium Select.
Brand Conscious Buyers in Indonesia: Indonesians have become more brand conscious in most aspects such as consumer durables, cars, and electronics especially in tier 1 and tier 2 cities. Used car dealers have indicated the rising demand for luxury and branded cars by many potential buyers. Thus, an individual who is planning to buy a new high-end Honda or Nissan car would rather upgrade to a used Mercedes, Audi or BMW car in the country. The demand has peaked to an extent that developed cities have a minimum of 10-15 used car dealers that only sell high-end luxury cars.
Key Segments Covered:-
Market Structure
Unorganized Sector
Organized Sector
Distribution Channel
Unorganized (Local dealership, C2C)
Organized (Multi-brand dealership and OEM certified, Repossessed cars)
Unorganized and Organized lead generation source
Dealership Walk-ins
Online Auto Portal
Type of used cars
MPVs/Sedan
Economy/Hatchback
SUV
Sales by major cities
Jakarta
Surabaya
Medan
Bandung
Others
Type of Used passenger cars
Private
Commercial
Kilometers driven
>5000
5000-20000
20000-50000
50000-80000
80000-120000
120000 and above
Year of manufacture
Before 2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
Fuel Type
Gasoline
Diesel
Others (Hybrid, electrical, CNG)
Key Target Audience
Automobile Companies
OEM certified companies
Online Classifieds
Multi Brand Organized Car Dealers
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2019-2023
Companies Covered:-
Multi-brand Dealerships (Mobil88, Andre Motors, Auto2000, Tunas, Sun Star motors, and others)
OEM Certified Dealerships (Toyota Trust, Hyundai Autosafe, Mercedes certified, and BMW premium select)
Online auto portals (OLX, Mobil123, Carmudi, Mobil88, OTO others)
Keywords:-
Used Toyota SUV Indonesia
Auto finance Penetration Indonesia
Buying Used Car Indonesia
Cheap Cars for Sale Indonesia
Indonesia Automotive Finance Industry
Online Used Vehicle Market
Used Car Sales Indonesia
Pasar Mobil Bekas Indonesia
Industri Mobil Bekas Indonesia
Industri Mobil Bekas di Indonesia
Pasar Kendaraan Bekas Indonesia
Segmentasi Pasar Mobil Bekas Indonesia
Pangsa Pasar Mobil Bekas Indonesia

Organized Dealers in Indonesia Used Cars Market
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Vietnam Fitness Services Market Outlook to 2023: Ken Research


The report titled Vietnam Fitness Services Market Outlook to 2023 - By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee) provides a comprehensive analysis of fitness services market of Vietnam. The report covers various aspects including market overview, business cycle, ecosystem, issues and challenges, trends and developments, SWOT analysis, competitive landscape and government regulations. The report concludes with the market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview
The Vietnam Fitness Services industry revenue has increased at a positive double digit CAGR during 2013-2018. The market is placed is at growing stage with high potential in future expansion in both urban and sub urban areas. The total addressable market in Vietnam for fitness services has been expanding. Various factors supporting growth include heavy expenditure by companies towards brand promotion activities & marketing including television advertisements, celebrity promotions, and newspaper advertisement so as to maintain fitness centers visibility, increasing health consciousness in population especially within age category of (15-64) years. Increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases have been the major factors which have driven the demand for fitness services centers in Vietnam.

Market Segmentations
By Market Structure: Unorganized fitness centers strongly dominated the Vietnam fitness services market. Unorganized fitness centers contribute more than half of revenue as of 2018. Whereas, organized fitness services centers holds a small share in terms of number of fitness outlets as compared to unorganized outlets. Organized fitness centers have their major presence in urban areas only, whereas unorganized fitness centers have their presence in overall market which helps in dominating the sector.

By Subscription Period: Majority of customer prefers to purchase yearly and quarterly membership largely due to better discount. People trying new organized fitness gyms also generally subscribes for quarterly subscription to test out every services offered by the fitness center. Whereas, single month memberships and half yearly subscription accounted equal revenue share in Vietnam fitness services market in the year 2018.

By Number of Gyms: Organized fitness centers has been largely located in urban areas as they are mostly preferred by high income group people and has high membership fees which has generally low demand in sub urban areas of Vietnam.
Ho Chi Minh City has the maximum number of fitness service centers followed by Ha Noi while, unorganized fitness service centers has been majorly dominating in most of the parts of the country including urban as well as sub urban areas.

By Number of Gym Members: Organized fitness centers cater to a small share of audience as they target the higher income group living in the urban areas. Therefore there are more members in the unorganized fitness centers.

By Revenue Stream: Fitness service centers majorly have two sources of revenue generation such membership fees and fees charged by personal trainers. In fitness service centers, majority of the revenue has been generated through the membership fees charged from the customers as it holds more than half share in revenue generation in fitness services market. Revenue from personal trainer fees has a smaller share in the market.

Competitive Landscape
Competition in the Vietnam fitness services market has been highly fragmented for the overall market. The organized fitness services market in Vietnam is concentrated. California Fitness & Yoga centers accounted for highest revenue share in organized fitness services market followed by elite fitness, Fit24 and others. These market players compete on the basis of Membership fees, Quality of Services, Expertise and Value Added Services. Personal trainers have been another prime factor for competition between organized and unorganized fitness centers.

Market Future Outlook
Market has been anticipated to showcase a substantial growth in double digits during the forecast period (2018-2023E). Growth during this period is expected to be supported by increase in the number of new entrants in the market, growth in household disposable income of the people, increase in population under the age bracket 15 - 64 years and additional services offered by the fitness service centers in the market.

Key Segments Covered:-
By Type of Market (Number of Gym Members and Number of Gyms)
Organized Market
Unorganized Market

By Subscription Period-

1 Month
3 Month
6 Month
12 Month

Key Target Audience:-
Organized and Unorganized Fitness Centres
Fitness Equipment Manufacturers
Sports Authority
Private Equity Firm
Fitness Training and Trainers Associations

Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023

Major Fitness Centres Covered:-
California Fitness and Yoga Centre
Elite Fitness
Fit24
AKC Fitness

MMA Gym Fitness Centre
Citigym
Curves
Nutrifort Fitness
Advance Fitness
Yoga Center – VYOGA World 3/2
Star Fitness HCM
Diamond Fitness Center
Times Plus Fitness and Yoga
Body Fit Fitness and Yoga
Platinum Fitness and Kinesis
VShape Fitness & Yoga Center
Swequity Ultimate Fitness
Thanh Hai Gym
N Club
Vital fitness and yoga center
MD Fitness
Lykos Kickfitness Center
N-shape Fitness
KBE Fitness
AE Fitness
Universal Yoga
New Fitness and Yoga
Fitness and Yoga Centre Igym
Olympic Nha Trang Gym & Fitness
CLB gym T&V Fitness
Hanoi Kendo Club
Teekiu Fitness
Body SHAPE Gym

Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Vietnam fitness Services Market Genesis & Overview
Vietnam fitness Services Market Ecosystem
Vietnam fitness Services Market Snapshot on Personal Trainer
Vietnam fitness Services Market Size
Vietnam fitness Services Market Segmentation by Market Structure (Organized and Unorganized)
Vietnam Fitness Services Market Segmentation by Subscription Period (1 month, 3 months, 6 months and 1 year)
Vietnam fitness Services Market Segmentation by Revenue Stream (Membership Fee and Personal Trainer Fee)
Vietnam fitness Services Market Segmentation by Subscription Fee (VND 0-5 Million, VND 5-12 Million and Above VND 12 Million)
Vietnam fitness Services Market SWOT analysis
Vietnam fitness Services Market Competition Scenario
Company Profiles of Major Fitness Clubs in Vietnam
Vietnam fitness Services Future Outlook
Snapshot on Other Fitness Services Market of Vietnam
Vietnam fitness Services Market Analyst Recommendations

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Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Saudi Arabia Car Rental and Leasing Market Outlook to 2023: Ken Research

The report titled “Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)”covers market size in terms of fleet size and revenue generated from car rental and leasing market along with market segmentation by car dealer & car rental companies, by type of vehicle (SUV with or without luggage & pickup cargo cars, medium category, small category , premium/luxury), by duration (1-2 year, more than 2 year but less than 4 years, 4 years and more than 4 years) and by region (central region, western region, eastern region, southern region and northern region),by end user (logistics, FMCG, oil& gas, construction, government & semi- government offices and others), by user (corporate and individual), by on airport & off airport. The report also covers emerging growth drivers and trends; issues and challenges; government regulations and competitive landscape of players in the market with special focus on United International Transportation Company (Budget), Hanco rent a car, Theeb rent a car, Avis rent a car, Al Wefaq rent a car, Al Tayyar rent a car, Autoworld rent a car, Key rent a car, Best rent a car and others. The report also explores the emerging technologies into car rental market, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the readers.

Saudi Arabia Car Rental Market Summary
Market Overview: Saudi Arabia car rental market is at the growth stage witnessing intense competition. Increase in the tourist arrivals, employment rate and growing number of establishments in the kingdom has propelled momentum to the market. The GDP of Saudi Arabia has increased considerably during the review period. The market size of construction industry in the kingdom has increased aggregating a CAGR of close to 3.9% during 2013-2018 owing primarily to the higher demand for car leasing and rental. Major car rental companies such as United International Transportation Company, Hanco, Best Rent a Car, Hertz, Avis, Key, Al Wefaq, Al Tayyar, Enterprise, Samara and others have complimented the target audience in terms of availability of wide range of services. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12.5% in terms of fleet size from leasing segment and 4.6% in terms of fleet size from rental segment during the revenue period 2013-2018.

Market Segmentation
By Car Dealer & Car Rental Companies
Car rental companies dominated the market owing to superior customized services to the clients. In addition, the car rental companies catered the demand of individuals for fewer cars as compared to dealers who focused on the demand for bulk orders only. However, in order to cope up with competition, the car dealers have started providing customized service to the clients at cheaper rate as compared to car rental/leasing companies. Thus, few end user industries have started to prefer car dealers in Saudi Arabia for their car leasing requirements. 

By Types of Vehicles (SUV with or without luggage & pickup cargo cars, Medium category, Small category, Premium/Luxury)
Among the five types of vehicles, SUV with or without luggage & pickup cargo cars have gathered the maximum market share in terms of fleet size in leasing segment due to their big size and availability of luggage compartment for transportation of equipment & tools. Medium category which includes cars such as Honda Accord and Toyota Corolla ranks second due to the increasing employment rate which further leads to higher purchasing power in the country. Small category which includes hatchbacks and sedans has been preferred by corporate for employee mobility and client visits and accounted for third largest market share in terms of total fleet size in the market.

By Sectors/Industries (Logistics, FMCG, Oil& Gas, Construction, Government & Semi- Government offices and others)
Logistics is the most prominent sector which demands car leasing services for facilitating employee mobility and goods transportation followed by the FMCG & E-commerce. Demand from construction sector has started increasing due to the increasing number of construction contracts in the country. Oil & Gas sector is the main pillar of the economy and thus, after recession and oil price stabilization, the demand from this sector has started increasing especially in the eastern region.

By Region/Provinces (Central, Western, Eastern, Southern, Northern)
In terms of regions, maximum demand is accounted from central region due to the presence of large industrial area in this region. Riyadh and Jeddah are the most populous cities of central region and thus, the demand for individual and corporate car rental & leasing is high from this region. Western region ranks second in terms of demand for car rental & leasing service. This is due to the presence of cities such as Mecca & Medina which are the major tourist attraction for pilgrimage. Though there are number of universities and institutions in this region which also propels the demand for car rental and leasing services. Eastern region is the major hub of oil companies, cities such as Dammam and Al-Khobar generates the highest demand for car rental and leasing services from this region. Southern & Northern region have low demand for car rental & leasing service owing to low population and less developed industrial area in these regions.

Competitive Landscape
Competition stage in the country’s car rental & leasing market is witnessed to be concentrated on the basis of fleet size with presence of both international and local car rental/leasing companies in 2018. Companies compete on the basis of pricing, fleet size, brand value, service portfolio or value added services. Some of the major players operating within this segment include United International transportation Company (Budget), Hanco, Best, Theeb, Key, Hertz, Avis, Autoworld, Samara and others. Few cars dealers have also established themselves at the forefront such as Ford Al-Jazirah, Al Jomaih and Universal Motors. The number of service centers or retail points and diversified client base are considered vital in order to reach a wider target audience in the country.

Saudi Arabia Car Rental & Leasing Market Future Outlook
Over the forecasted period, Saudi Arabia car rental & leasing market will witness a high growth from the period 2018 to 2023E as the market becomes more competitive. It is forecasted to witness a CAGR (2018-2023) of close to 10.2% in terms of fleet size of car leasing market and car rental market is expected to grow at a CAGR (2018-2023) of close to 6.1% due to the increase in number of establishments and tourism in Saudi Arabia. Companies are focusing more towards adding younger fleet in car rental market due to the increasing demand for new cars from corporate and individuals.

Key Segments Covered in Saudi Arabia Car Rental & Leasing Market
By Car Dealers & Car Rental Companies (On the basis of fleet size)
Car Dealers
Car Rental Companies

By Type of vehicle (On the basis of fleet size)
SUV with or without luggage and pickup & cargo cars
Medium category
Small category
Premium/ Luxury

By Duration (On the basis of fleet size)
1-2 years
More than 2 years but less than 4 years
4 years
More than 4 years

By Region (On the basis of fleet size)
Central
Western
Eastern
Southern
Northern

By End User (On the basis of fleet size)
Logistics
FMCG & e-commerce
Oil & Gas
Construction
Government& semi- government offices
Other Industries

By User (On the basis of fleet size)
Corporate
Individual

By On Airport & off Airport (On the basis of revenue)
On Airport
Off Airport

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023

Key Target Audience
Car Rental Companies
Car Dealers
End User Industries
Individuals

Companies Covered:
United International Transportation Company (Budget)
Hanco rent a car
Best rent a car
Theeb rent a car
Al Wefaq rent a car
Hertz rent a car
Avis rent a car
Autoworld rent a car
Samara rent a car
Al Tayyar rent a car
Key rent a car
Ford Aljazerah
Al Jomaih
Universal Motors

Key Topics Covered in the Report
Executive Summary
Research Methodology
Saudi Arabia Car Rental & Leasing Market Size
Saudi Arabia Car Rental & Leasing Market Segmentation
SWOT Analysis of Saudi Arabia Car Rental & Leasing Market
Trends and Development in Saudi Arabia Car Rental & Leasing Market
Issues and Challenges in Saudi Arabia Car Rental & Leasing Market
Regulatory Scenario of Saudi Arabia Car Rental & Leasing Market
Recent Developments in Saudi Arabia Car Rental & Leasing Market
Emerging Technologies in Saudi Arabia Car Rental & Leasing Market
Competitive Scenario in Saudi Arabia Car Rental & Leasing Market
Company Profiles of Major Players in Saudi Arabia Car Rental & Leasing Market
Saudi Arabia Car Rental & Leasing Market Future Outlook and Projections, 2018-2023E
Analyst Recommendation in Saudi Arabia Car Rental & Leasing Market

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Effective Landscape Of The Molecular Diagnostics Market Outlook: Ken Research


The term molecular diagnostics refers to the branch of the clinical pathology or the laboratory medicine that uses the several molecular biology techniques to the diagnose diseases, select treatments, monitor and examine the effectiveness and efficiency of the therapies, predict diseases course and several others. These tests are functioned majorly to monitor the availability of the diseases in the blood, bones or even in blood. The prominence of the nucleic acids and other cellular biomarkers in describing the vigorous cellular procedure has simplifiedthe medical developments in the diagnoses of the several diseases. According to the prediction of the American Cancer Society, around 1,688,780 new cancer cases were diagnosed, and 600,920 people deceased owing to the cancer in 2017. According to the examination by World Health Organization (WHO), in 2017 nearly 14 million new cancer cases were diagnosed and is anticipated to increase by about 70% over the next 2 decades. Whereas, the early diagnosis of the disease is one of the key recompenses of this technology. The potential of the molecular diagnostics to schematize the molecular reactions for the significant developments of the clinical diagnosis has put healthcare in the front line. 



According to the report analysis, ‘Molecular Diagnostics Market (US-specific Market Assessment) - Global Forecast upto 2024’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the handsome value of market share across the globe more positively in the short span of time while increasing the acceptance of point-of-care testing and rising prevalence of the infectious and several other lifestyle diseases includes F. Hoffmann-La Roche, Hologic, Inc., Danaher Corporation, Abbott Laboratories, and Siemens Healthineers Inc. are the key players in the market. Becton Dickenson and Company, bioMerieux S.A., Bio-Rad Laboratories, Inc., Qiagen NV, Grifols, S.A, Thermo Fisher Scientific, Sysmex Corporation, and Myriad Genetics.

The global molecular diagnostics market is predictable to observe a handsome CAGR of 8.7% during the forecast period of 2018-2024.Whereas, based on the region the market of molecular diagnostics is sectored into different regions which majorly involves North America, Europe, Asia Pacific, and Rest of the World (ROW). However, the significant increase in the incidences of disease and organ transplantation in the US along with growing funding by government& private players and augmented adoption of personalized medicine in clinical practices are few of the aspects fueling the US molecular diagnostics market growth. The US engaged a dominant market share that is 32% in 2017, and is anticipated to increase at an effective CAGR of 8.4% during the forecast period of 2018-2024.
Additionally, significant growth in the number of mergers & acquisitions and rising the significance of companion diagnostics are delivering the opportunities for the market growth. Low awareness about standardization, rigorous regulatory approval process, and shortage of experienced labors are hindering the market growth. However, the market for molecular diagnostics is effectively fueled by the growing pervasiveness of infectious and other lifestyle diseases, rising ultimatum for the non-invasive biomarker-based tests, increasing acceptance of the point-of-care testing, and extraordinary growth of the market in emerging countries. Therefore, in the coming years, it is anticipated that the market of molecular diagnostics will increase across the globe more positively over the recent few years.

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