Monday, April 13, 2020

Saudi Arabia’s Government’s Major Focus on Entertainment Sector including Movie Theaters, FEC’s, recreation centers and amusement parks driving Leisure and Entertainment Sector during 2014-2019: Ken Research

The Movie Theater market saw large investments, from international, regional and local movie theater companies, in the period 2018-2019 with 7 companies receiving operating licenses from GCAM, of which 3 companies set up more than 110 screens across 11 locations at the end of 2019.
Financial Assistance:  Saudi Entertainment Ventures, SEVEN, has been promoting investment in Saudi Arabia through private sector participation in ventures such as movie theaters, entertainment destinations, amusement parks among others. AMC Theaters opened KSA’s first movie theater with a 10% equity contribution. The investment arm of the Public Investment Fund, SEVEN had been mandated with USD 10 Billion for investment in the leisure and entertainment sector. The organization has confirmed setting up 20 entertainment destinations, 50 movie theaters and 2 amusement parks across Saudi Arabia.
Growth in Inbound Tourism: Although primarily driven by religious tourism, the number of tourists grew from 18.3 million in 2014 to nearly 26 million by 2019. The government has also begun the first phase of issuing tourist visa or visas on arrivals from 49 countries. The government has issued 400,000 tourist visas as of March 2020. The first phase of tourist visas issuance is concentrating on tourism around beaches, deserts, mountains and heritage sites. The second phase of visa issuance will concentrate on tourism around Giga projects.
Saudi Arabia Entertainment Industry
Key Investment Locations: For movie theaters and amusement parks, major top cities such as Riyadh, Dammam, and Jeddah were observed to be hotspots due to their large size, higher comparative monthly income and expenditure, and high retail occupancy rates among others. Al-Khobar, an eastern city, saw the opening of various alternate entertainment investments such as bowling alleys, VR gaming as well as trampoline parks as the region had high tourism with nearly 60% occupancy in hotels in 2019.
The shift in Socio-economic Norms: Since the relaxation of rules regarding women, many entertainment destinations have welcomed this shift with the introduction of women’s only nights, such as in bowling alleys, amusement parks and trampoline parks among others. Al Hokair Time was the kingdom’s first women’s only amusement park, which began operations in 2019. The entry of women has led to innovation in products and offerings such as driving lessons on Virtual Reality equipment, mock driving lessons in amusement parks and trampoline parks introducing women’s fitness programs.
The report titled “Saudi Arabia Leisure and Entertainment Market Outlook to 2025 – Movie Theater Market by Revenue (Ticket Admissions, Food, and Beverage Sales, Advertisements and Sponsorships), Amusement Park Industry (Ticket Admissions, Food and Beverage, Merchandise, Games, and Others(Parking, Sponsorships and Royalty)) and Alternate Entertainment Avenues (VR Gaming, Bowling Alley and Trampoline Parks)” by Ken Research suggested that investment in Leisure and Entertainment sector in Saudi Arabia has been growing since the unveiling of VISION 2030 in 2017. The government’s aim is to increase GDP from non-oil sources have led to revoking the ban on movie theaters, increased investment in amusement parks and FECs, and favorable investment climate for foreign investors. The movie theater industry and the amusement park industry are projected to grow at a CAGR of 15% and 5.3% respectively.
Key Segments Covered: -
Movie Theater Market
Ticket Admissions
Food and Beverages
Advertisements and Sponsorships
Amusement Park Market
Ticket Admissions
Food and Beverages
Merchandise
Games
Others (Parking, Royalty and Sponsorships)
Alternate Entertainment Investment
VR Gaming Center
Bowling Alley
Trampoline Parks
Key Target Audience
Movie Theater Companies
Film Distribution Companies
Screen Format Companies (IMAX, 4D, 4DX)
Government Entities
Amusement Park Operators and Chains
Real Estate Developers
Mall Operators and Groups
Time Period Captured in the Report:
Historical Period – 2014-2019
Forecast Period – 2019-2025
Companies Covered in Report:
AMC Theaters
VOX Cinemas
MUVI Cinemas
Al Hokair Group
Al Shallal Theme Park
Off the Grind
Emirates Bowling Alley
BOUNCE Trampoline Park, Jeddah
Key Topics Covered in the Report: -
Saudi Arabia Entertainment Industry
KSA Leisure and Entertainment Industry Research Report
Saudi Arabia Leisure Industry
KSA Entertainment Market
KSA Entertainment Industry
Saudi Arabia Movie Theater Market Growth
spending on entertainment in Saudi Arabia
Saudi Arabia Movie Theatre Market Growth
Film Distribution Companies in Saudi Arabia
Saudi Arabia Entertainment Market Growth Rate
Movie Theater Companies in Saudi Arabia
Saudi entertainment Major companies
KSA Amusement Park Operators and Chains Analysis
Saudi Arabia Screen Format Companies Growth
Saudi Arabia VR Gaming Revenue
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Growth In Landscape Of Global Ortho Phenyl Phenol Market Outlook: Ken Research

The ortho phenyl phenol is also known as 2-phenyl phenol and a water-soluble salt which is antimicrobial agents utilized as the fungicides, bacteriostats, and sanitizers. The ortho phenyl phenol has been effectively utilized in agriculture to hold the fungal and bacterial growth on the warehoused crops, such as fruits and vegetables. Most of the agricultural food applications have been revoked but the ortho phenyl phenol is still utilized on the pears and citrus. In addition, the ortho phenyl phenol is still utilized as a disinfectant fungicide for the industrial submissions, on the ornamental plants and pastures, in the paints, and as a wood antibacterial. Furthermore, the ortho phenyl phenol is volatile and has restricted water solubility.
According to the report analysis, ‘Global Ortho Phenyl Phenol (OPP) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide ortho phenyl phenol (OPP) market there are several companies which are recently functioning more positively for leading the fastest market growth and registering the handsome value of market share around the globe in the upcoming years more positively while increasing the applications of ortho phenyl phenol, delivering the better consumer satisfaction, increasing the demand for such, advancing and innovating the technologies of production, and spreading the awareness related to the benefits and applications of ortho phenyl phenol (OPP) includes Lanxess, Dow, SANKO, Shandong Xingang Chemical, Jinan Yudong Technology, and several others.
Global Ortho Phenyl Phenol (OPP) Market
Not only has this, but the large players in the worldwide ortho phenyl phenol market are also positively adopting the profitmaking strategies and policies for generating the effective percentage of revenue such as collaborations, mergers and acquisitions, partnerships, amalgamation and joint ventures which further benefitted for leading the market growth and dominating the significant value of market share during the short span of time.
Additionally, based on the type, the market of ortho phenyl phenol globally is divided into Chlorobenzene Synthesis OPP and Cyclohexanone Synthesis OPP. Furthermore, on the basis of application, the worldwide market of ortho phenyl phenol worldwide is segmented into Disinfectants, Material Preservation, Flame Retardants, and several others.
It is anticipated that the sector of disinfectants and flame retardants dominating the efficient value of market share due to the increase in the disposable income and growth in the health-related concerns across the underdeveloped regions. Moreover, based on the region, the market of ortho phenyl phenol is spread across the globe which majorly comprises the Asia Pacific region, Europe, North America, Middle East and Africa and South America. However, it is anticipated that the Asia Pacific region dominates the market of ortho phenyl phenol globally owing to the significant advancement in the technologies of production, contributing a handsome amount of money in the infrastructural activities in the underdeveloped regions, and a positive increase in disposable income. Nevertheless, the efforts of the North America region can’t be ignored as most of players are scheduling for registering the market growth while implementing the profitable strategies. Therefore, in the coming years, it is anticipated that the market of ortho phenyl phenol will increase around the globe over the inflowing years more progressively.
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

Thursday, April 9, 2020

Turkey Cards and Payments Market is driven by Growing E-Commerce Market, Increasing POS and ATM Terminals Coupled with Consumer Centric Reward Point Program: Ken Research

Key growth drivers for cards and payment industry include digitalization, development of infrastructure (Integration with Artificial Intelligent Platforms, POS Terminals and ATM Terminals), Improved Member Merchants Discounts, Rewards and Loyalty Programs, Increasing Disposable Income and Reducing Interest Rates
The growth in the credit cards has been at an accelerating pace, specifically with improvement of the individual financing infrastructure such as at Point of Sale (POS) and Automated Teller machine (ATM) terminal networks thus, deployment of innovative card options coupled with instant lending options. As of 2018, the total number of POS machines with cash registers was evaluated at 2.4 million. ATM machines are very crucial for cash withdrawal and they have surged from 45.0 thousand in 2014 to 52.0 thousand in 2018. The debit cards are highly exposed to cash withdrawals and hence it is necessary for the country to have ample amount of ATM machines to maintain required amount of cash in circulation. The E-commerce spending using domestic and foreign cards for domestic transactions has increased during 2014-2018.
Online payments market of Turkey is also on a rise. An increase in E-commerce merchants, shifting demographics towards adaptability of new technology, the popularity of social media and an increasingly affluent middle class population with rising disposable incomes have collectively contributed to drive transaction volumes and values.
The credit card reward and loyalty program is the most significant growth driver for surge in credit card transaction value and transaction volume. The card issuers and operators have been partnering with member merchants in order to increase the customer acquiring rate. The member merchants provide the cardholders with discounts on the purchases or opportunity to earn reward points which can be redeemed later on shopping / air ticket purchases and many more. The banks in Turkey have taken the plastic money/ credit cards to a next level by converting them into virtual cards which can be easily accessed from the cardholder’s smartphone (Android/ iOS) thereby, further enhancing the ease of doing business. In 2017, it has been observed that approximately 65.0-70.0% of the online transactions via credit card are paid in instalments within Turkey.
Analysts at Ken Research in their latest publication “Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth” believe that Turkey Debit and Credit Card Market is expected to register a positive CAGR of 20.2%and 14.7% respectively in terms of value of transaction during the forecast period 2019-2023.
Key Segments Covered:-
Credit cards
Value of transaction
Volume of transaction
Number of Credit card in circulation
Domestic Transaction Using Domestic Credit Card
International Transaction Using Domestic Credit Card
Domestic Transaction using International Credit Card
Sectoral Spending
Debit Cards
Value of transaction
Volume of transaction
Number of Debit card in circulation
Domestic Transaction Using Domestic Debit Card
International Transaction Using Domestic Debit Card
Domestic Transaction using International Debit Card
Sectoral Spending
Key Target Audience:-
Credit/ Debit Card Operator
Credit/ Debit Card Issuers
Prepaid Card Issuers/ Operators
Local/ Foreign Bank
Reward/ Loyalty Program Business Operators
Payment gateway provider
Credit/ Debit Card Issuer
POS Device Manufacturers
Debit/ Credit Card Manufacturing companies
ATM Manufacturing Entities
Investors
Time Period Captured in the Report:-
Historical Period: 2014-2018
Forecast Period: 2019-2023
Companies Covered in Turkey Card Market:-
Issuers
Turkiye Cumhuriyeti Ziraat Bankasi AS
Turkiye Vakiflar Bankasi TAO
Turkiye Halk Bankasi AS
Denizbank
Yapi ve Kredi Bankasi AS
Turkiye Is Bankasi AS (Is bank)
Garanti Bankasi AS
Ak bank TAS
Finansbank AS
TEB AS
Seker Bankasi AS
HSBC Bank AS
Citigroup Inc
Operators
Visa Inc
MasterCard International Inc
American Express Co
Troy
Key Topics Covered in the Report:-
Stake Holders in Turkey Card Market
Genesis of Turkey Card Market
Credit and Debit Card Coverage
Market Size by Number of Cards in Circulation (2014-2018)
Market Size by Value of Transaction (2014-2018)
Market Size by Volume of Transactions (2014-2018)
Market Segmentation of Turkey Cards Market (2014-2018) on Cash Withdrawals and Shopping Purchases
Sectoral Spending by Debit and Credit Card (2018)
Volume of Transaction
Value of Transaction
Growth Drivers, Trends and Developments in Turkey Card Market
Issues and Challenges in Turkey Card Market
Competition Scenario in Turkey Card Market
Turkey Card Market Future Outlook and Projections, 2019-2023
Analyst Recommendations
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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