Rising Prices of New Two Wheelers due to BS VI Standards and Aversion towards using Public Transportation in the Pandemic driving the Used Two Wheeler Market in India : Ken Research

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“Customer preference towards upgrading to higher segment two wheelers with budget constraints driving the used two wheeler market in India”

Decrease in Replacement Cycle for Two Wheelers: The replacement cycle or average ownership period for two wheelers in India has come down from 7-8 years to 3-5 years over the past decade driven by rising aspirations of Indian consumers, frequent two wheeler launches and easy availability of financing for New Two Wheelers. Need for better exchange rates and saving on further depreciation is also bringing down the replacement cycle for new two wheelers.

COVID-19 Impact on Used Two Wheeler Market: Sudden spike in demand post lockdown can be attributed to consumers shifting from market segments of new bikes/shared mobility to used vehicles; majorly observed in Tier 1 & Tier 2 cities. While a surge in demand was seen during Unlock 1, increase in supply was not seen Owing to cash crunch, people retained their vehicles thereby avoiding shifting to new vehicle purchase for a while. Supply of used two wheelers mainly originated from individuals looking for immediate cash or from food delivery companies selling out vehicles & laying off their delivery agents in order to meet cash flow needs. As lockdown eases further, Sale of Used Two Wheelers expected to Increase mainly from non metro cities as consumers prefer to have their own vehicle as compared to travelling in Public Transport System.

Growth in Tier II & Tier III Cities: The Indian government was observed to particularly spend towards rural programs and huge road-construction projects that have led to increase in two wheeler volumes in smaller towns and cities of India. Besides rising incomes and growing infrastructure in rural areas, one of the primary growth drivers for the spurt in sales has been rise in total number of women commuters.

Consumer Shift Towards Online Sales Channels: People residing in Metro cities such as Delhi NCR, Mumbai, Chennai, Bangalore and others along with rising internet penetration were observed to shift towards online classifieds and websites which act as a one stop shop for customers, therefore displaying product features along with pricing and other factors and promoting C2C transactions. On the other hand, people residing non-metro cities prefer to buy through offline channels.

The report titled “India Used Two Wheeler Market Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation” by Ken Research suggested that the used two wheeler market is expected to grow at a double digit positive CAGR. Rising Aspirations of young consumers along with increasing in demand from Tier II & Tier III cities is driving the used two wheeler market in India.

Key Segments Covered in India Used Two Wheeler Market, FY’2020: -

By Type of Market

Organized

Unorganized

By Sales Channel

C2C Channel

B2C Channel

By Source

Domestic

Imports

By Modification

Stock Piece

Customized

By Type of Bike

Motorcycles

Scooters

By Engine Capacity

100CC-110CC

125CC-135CC

150CC-200CC

By Replacement Cycle

2 years-4 years

3 years-5 years

5 years - 6 years

By Certification

Certified

Non Certified

By Financing

Financed

Non Financed

Key Target Audience

Two Wheeler OEM’s

Two Wheeler Dealers

Online Portals (Aggregators/Marketplace Platform)

Online Classified Platforms

E-Commerce & Hyperlocal Companies

Private Equity Investors

Time Period Captured in the Report:

Historical Period: FY’2015-FY’2020

Forecast Period: FY’2021–FY’2025

Companies Covered:

Organized Used 2W Companies

Honda Best Deal

 CredR

 Mahindra First Choice

 Bike Bazaar

 Bikers Highway

 Royal Enfield Vintage

Online Used 2W Platforms

 Droom

 Quikr

 Olx

 Bikes4Sale

 CarandBike

 Bike Jinni

Key Topics Covered in the Report: -

Market size of India used two wheeler markets

Market size of India online used two wheeler markets

Value chain in India used two wheeler markets

Market segmentation of India used two wheeler markets on the basis of market structure, stock piece & customized vehicle, distribution channels, source of

Manufacturing, type of two-wheeler, engine capacity, average ownership period, by manufacturer, body type, certification and financed & non-financed vehicle

Trends and Developments in India used two wheeler market

Growth Drivers and Restraints in India used two wheeler market

SWOT analysis in India used two wheeler market

Pre-Requisites to Enter the India used two wheeler market

Government Regulations in India used two wheeler market

Major players and their business models

Customer Profile in India used two wheeler market

Analyst Recommendations

For More Info on the Research Report, Click on the Below Link: -

India Used Two Wheeler Market Growth

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Saudi Arabia Used Car Market Outlook to 2025-By Market Structure, By Type of Car, By Brand, By Age of Vehicle, By Kms and By Region

Malaysia Automotive Lubricant Market Outlook to 2025- Driven by Growing Vehicle Ownership & Preference for Synthetic Lubricants

Spain Used Car Market Outlook to 2023 – Growth within Car Rental Companies Coupled with Shared Vehicle Mobility Segment to drive Used Car Sales Volume in Spain

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

Effective Growth in Landscape of Worldwide Gastric Cancer Drugs Market Outlook: Ken Research

 The Gastric cancer, also well-known as stomach cancer, is categorized by a strengthening of cancerous cells within the lining of the stomach. This form of cancer is frequently complex to identify because most people generally do not show indications at the earlier stages. While the gastric cancer is quite rare as associated to other types of cancer. There are some other aspects of gastric cancer that involve certain syndromes and conditions such as lymphoma, tumors in other portion of the digestive system, stomach polyps and several more. For such reasons, a number of chemo drugs are utilized to cure gastric cancer, involving: 5-FU (fluorouracil), commonly given along with leucovorin (folinic acid), Capecitabine (Xeloda), Carboplatin, and several more.

According to the report analysis, ‘Global Gastric Cancer Drugs Market to reach USD 8.2 billion by 2026’ states that high occurrences of gastric cancer amongst individual owing to unwholesome diet, growing number of obesity cases and increasing elderly population are the few aspects accountable for high CAGR of the market over the review period.

For instance, the National Cancer Institute (NCI) projected that nearly 28,000 new cases of stomach cancer during 2017. Also, NCI projected that stomach cancer is nearly 1.7 percent of fresh cancer cases across the United States. Similarly, as per the GLOBOCAN 2018, the number of pervasiveness cases of stomach cancer across Asia was nearly 769,728 and is predicted to increase to nearly 947,186 by 2025. Although the gastric cancer therapies can augment the chances of existence for patients living with the gastric cancer. This, in turn, is projected to accelerate the requirement of Gastric Cancer Drugs across the world.

Amidst the COVID-19 outbreak around the world, the pharma industry is more alarmed on the improvement of COVID-19 vaccine, thus, R&D exertions for gastric cancer drugs is substantively weakening. Though, the requirement for gastric cancer drugs is not distressing, and it is great as much as before the COVID-19 crisis. Therefore, the market will boost at momentous rate in the forthcoming years. However, great cost of cancer therapy and rigorous regulations and policies for sanction of the drugs are some other factor restricting the market growth over the review period of 2020-2026.

Although, the regional analysis of worldwide Gastric Cancer Drugs market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific is the leading/significant region around the world in terms of market share due to growing number of gastric cancer cases, overview of the novel therapies for metastatic gastric cancer, and the existence of larger customer base seeking treatment, particularly across China, India and Japan. Whereas, the North America is projected to exhibit greatest growth rate / CAGR over the review period 2020-2026, owing to increasing R&D efforts by pharmaceuticals for the gastric cancer drugs and supportive government policies across the region. Therefore, in the near years, it is predicted that the market of gastric cancer drugs will increase around the globe more significantly over the upcoming years.

For More Information, Click on the Link Below:-

Global Gastric Cancer Drugs Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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Different Increasing Trends Across The Fitness Centers Market Outlook: Ken Research

The Vietnam Fitness Services industry revenue has improved at a positive double digit CAGR during the period of 2013-2018. The market is placed is at mounting stage with high impending in future enlargement in both urban and sub urban locations. The entire addressable market across Vietnam for fitness services has been intensifying. Various factors subsidiary growth include substantial expenditure by establishments towards brand promotion activities & marketing comprising television advertisements, celebrity promotions, newspaper advertisement so as to conserve fitness centers reflectiveness, increasing health consciousness in populace especially within age grouping of (15-64) years. Whereas, the Saudi Arabia fitness services market has observed a tremendous growth during the past few years observing a strong double digit growth from 2012 to 2017. Speedily rising obesity rate, heart problems, and intensification in the consciousness about the personal health have boosted momentum to the market. Additionally, influences such as the collective pervasiveness of obesity amongst the youth, scaling up through franchising, snowballing urban population and mounting health concerns have propelled the fitness services market across Indonesia for numerous years during the past and this trend is projected to continue during the future. 

By Region

The Americas province underwritten the uppermost revenue percentage share in the international market as the United States of America is the principal market of home healthcare with one of the most wide-ranging conventions overriding the wage-earners and has manifestation of a well-organized market. The Home Healthcare Market through European regions such as UK and Germany is also well structured and regulated, applauded by the excessive geriatric share of populace in such regions. The APAC region has the extreme growth rate due to the effervescent investment choices. However, MEA region has the bottom most share of revenue as the elderly populace is temperately lower across the region and laws distressing to home healthcare are not prevailing in most regions.

Competitive Landscape

The Australia Fitness Service market has principally been fragmented and organized in terms of revenue engendered. The market is dominated by the organized segment in view of the revenue, number of fitness centers and the number of gym members. The market is exceedingly concentrated across New South Wales, Victoria and Queensland with the intense competition. However, the competition across the UAE fitness services market has been decidedly fragmented as it has few foremost organized fitness service centers which have roughly fewer outlets along with numerous other fitness centers which are under category of unorganized fitness service centers. Foremost competition is being propelled through specialty in services and delivering the additional services such as swimming pool, in house juice bar, sports facility and several others along with marketing initiatives. Dependent on the Unorganized Fitness Centers Market, the Personal trainers have been another prime aspect for competition amongst the organized and unorganized fitness centers.

Market Future Outlook

Growth during the forthcoming period is anticipated to be supported by augment in the number of fresh entrants in the market, growth in household disposable income of the individuals, increase in populace under the age bracket 15 - 64 years and additional services suggest by the fitness service centers in the market. Not only has this, Fitness Products and Services Market Revenue states that the growing unhealthy eating habits, increasing demand for personal training, enlarging geographical presence of foremost fitness centers and expanding services portfolio will act as tailwind for market growth.

For More Information, refer to below links:-

Gym And Fitness Service Centre Market

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

India Used Two Wheeler Market Outlooks to 2025: Ken Research

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The report titled “India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation” provides a comprehensive analysis of pre-owned two-wheelers services in India. The report focuses on sales volume, industry revenue, segmentation by unorganized and organized sector, by C2C and B2C distribution channel, by stock piece and customized two wheelers, by source of manufacturing of two wheelers (domestically manufactured and imported bikes), by type of two wheelers (motorcycles and scooters), by engine capacity of two wheelers (100-110cc, 125-135cc, 150-200cc, and others), by average ownership of two wheelers (3-4 years, 4-5 years, 5-6 years and others), by manufacturer of two wheelers (Hero, Bajaj, Honda and others), by body type of two-wheelers (commuter, scooter, sports and others), by certification of two-wheelers (non-certified and certified) and by the financing of two-wheelers (non-financed and financed). The report also covers the overall competitive landscape; government role and regulations, growth restraints, drivers, trends and developments. The report concludes with market projections for future for the market described above highlighting the major opportunities and challenges.

India Used Two Wheeler Market Overview and Size

India is the largest producer and manufacturer of two wheelers in the world followed by the Republic of China. Rising fuel prices is one of the primary growth drivers for two-wheelers due to their higher fuel efficiency. In India, commuters across all age groups use motorized vehicles, especially two wheelers owing to the escalating population and rapid increase in traffic congestion, thereby making two wheelers as the most appropriate and convenient mode of transportation in urban areas. The market has attained speedy growth over the period of five years from FY'2015 to FY'2020. The demand for used two wheelers has seen a constant rise over the past few years, especially from models like Honda Activa, Aviator, TVS Jupiter, Bajaj Pulsar and Discover. Even in terms of exports, two-wheelers produced in India are the proud products of the "Make-in-India" initiative where nearly 7 in 10 automobiles delivered out of India are two-wheelers

India Used Two Wheeler Market Segmentation

By Market Structure

In FY'2020 the sales volume through the unorganized sector is generated through individual sellers, local dealers/mechanics and small dealerships which collectively contributed to a majority of the proportion in the overall used two wheelers market.

By Distribution Channel

Due to low awareness regarding the existence of organized online and offline players, the majority of transactions conducted in the market are through C2C or offline B2C channel. The C2C channel controlled a major proportion of the total sales volume in the used two-wheeler market during the FY'2020.

By Type of Two Wheelers

India used two wheelers market was continuously dominated by motorcycles with a massive volume share during FY'2020. This is because male riders travelling a longer distance still prefer motorbikes instead of a scooter due to larger engine and greater mileage offered by motorcycles. On the other hand, gearless scooters are trending in the country, especially among female population.

By Engine Capacity

On the basis of engine capacity of two-wheelers, it has been observed that used bikes with 100-110 cc engine capacity have been mostly purchased by buyers. On the other hand, engine capacities with 125-135 cc, 150-200 cc and others have been gaining traction in India.

By Average Ownership Period of Used Two Wheelers

The buying behavior of Indians has witnessed changes over the review period majorly due to a reduction in the ownership period of two wheelers by the owners. It has been observed that presently, Indians mostly use a two-wheeler for at least a period of three to five years before disposing it off.

By Manufacturer of Two Wheelers

The Indian used two wheeler market is dominated by Hero which is also the global leader and largest player in the new two-wheeler market. The company caters to a wide consumer base and has segmented its market on the basis of income and age group.
By Body Type of Two Wheelers

The category of commuter bikes such as Hero Splendor, Bajaj Discover, and Honda CB Twister contributed to a dominant volume share of used two-wheelers during the FY'2020. The next popular vehicle category in the used-two wheeler space in India has been scooters.

Snapshot on Online Used Two Wheeler Landscape

The online used two wheeler market has been emerging with the rise in the popularity of e-commerce platforms in the country. Online platforms such as Flipkart, Amazon and Snapdeal have enabled India users to trust online platforms and make high value transactions online using their debit/credit cards and net banking. The growth of online advertising, which has fuelled the rise of online classified platforms such as Droom, OLX, Quikr and others have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services. The Overall Online Market is expected to Increase at a double Digit Positive CAGR during the period FY’2020-FY’2025

Comparative Landscape in India Used Two Wheeler Market

India used two wheelers market competition structure was observed to be highly fragmented with the presence of large number of local dealers, small mechanics and individual sellers. Organized players such as Droom, Honda Best Deal, CredR, BikeDekho.com, Mahindra First Choice Wheels Limited (MFCWL) and others contribute very limited to the overall market. Certification and authentication, brand, price, mileage and performance, engine quality/power and total number of dealers are some of the critical parameters on the basis of which companies compete in the organized segment.

India Used Two Wheeler Market Future Outlook and Projections

India Used Two Wheeler Market is expected to grow in the coming years as used vehicles are much cheaper to purchase than a new one, since the introduction of BS VI Standards. Individuals mostly in smaller cities and towns who wish to own a vehicle begin with buying a second hand two-wheeler to get hold of it. Similar is the case of women drivers who prefer purchasing a pre-owned vehicle to learn driving before they actually purchase a new vehicle. Also, local dealers who have been facing tough competition from the online classifieds will be seen associating with the online players to reach out to greater audiences.

Key Segments Covered in India Used Two Wheeler Market, FY’2020: -

By Type of Market

Organized

Unorganized

By Sales Channel

C2C Channel

B2C Channel

By Source

Domestic

Imports

By Modification

Stock Piece

Customized

By Type of Bike

Motorcycles

Scooters

By Engine Capacity

100CC-110CC

125CC-135CC

150CC-200CC

By Replacement Cycle

2 years-4 years

3 years-5 years

5 years - 6 years

By Certification

Certified

Non Certified

By Financing

Financed

Non Financed

Key Target Audience

Two Wheeler OEM’s

Two Wheeler Dealers

Online Portals (Aggregators/Marketplace Platform)

Online Classified Platforms

E-Commerce & Hyperlocal Companies

Private Equity Investors

Time Period Captured in the Report:

Historical Period: FY’2015-FY’2020

Forecast Period: FY’2021–FY’2025

Companies Covered:

Organized Used 2W Companies

Honda Best Deal

 CredR

 Mahindra First Choice

 Bike Bazaar

 Bikers Highway

 Royal Enfield Vintage

Online Used 2W Platforms

 Droom

 Quikr

 Olx

 Bikes4Sale

 CarandBike

 Bike Jinni

Key Topics Covered in the Report: -

Market size of India used two wheeler markets

Market size of India online used two wheeler markets

Value chain in India used two wheeler markets

Market segmentation of India used two wheeler markets on the basis of market structure, stock piece & customized vehicle, distribution channels, source of

Manufacturing, type of two-wheeler, engine capacity, average ownership period, by manufacturer, body type, certification and financed & non-financed vehicle

Trends and Developments in India used two-wheeler market

Growth Drivers and Restraints in India used the two-wheeler market

SWOT analysis in India used two-wheeler market

Pre-Requisites to Enter the India used two wheeler market

Government Regulations in India used two wheeler market

Major players and their business models

Customer Profile in India used two-wheeler market

Analyst Recommendations

For More Info on the Research Report, Click on the Below Link: -

India Used Two Wheeler Market Growth

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Saudi Arabia Used Car Market Outlook to 2025-By Market Structure, By Type of Car, By Brand, By Age of Vehicle, By Kms and By Region

Malaysia Automotive Lubricant Market Outlook to 2025- Driven by Growing Vehicle Ownership & Preference for Synthetic Lubricants

Spain Used Car Market Outlook to 2023 – Growth within Car Rental Companies Coupled with Shared Vehicle Mobility Segment to drive Used Car Sales Volume in Spain

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

Global Esports Market Research Report: Ken Research

 Major players in the esports market are Modern Times Group MTG AB, Activision Blizzard Inc., Gfinity, PLC, Turner Broadcasting System, Valve Corporation, Tencent, Electronic Arts, Inc., Hi-Rez Studios, Nintendo, and FACEIT.

The Global Esports Market is expected to grow from USD 1.09 billion in 2019 and to USD 1.11 billion in 2020 at a growth rate of 2.16%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 2.11 billion in 2023 at CAGR of 23.82%.

The esports market consists of sales of esports and related services. Esports or electronic sports are team based sports played online and are supported by electronic systems in which all the functions are performed through a human-computer interface. Esports are played by professional gamers that are sponsored by business organizations, or from sporting organizations.

North America was the largest region in the esports market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.

Esports companies are investing in innovative new esports platform for increasing their revenue and expanding their consumer base and also for gaining a competitive edge over their rivals. For instance, in 2019, in Africa, NickX, an esports platform, launched by Viacom provides children with a tournament platform, using Nickelodeon gaming content. Also for instance, in 2019, IKON, a USA-based gaming platform company launched a new platform that allows players to challenge fans and friends in games, such as League of Legends and PUBG. Also for instance, in 2019, Mobile Premier League (MPL), an India-based mobile esports platform company launched its mobile esports platform in Indonesia.

The esports market covered in this report is segmented by game into multiplayer online battle arena (MOBA); real time strategy; first person shooter; fighting and sports. It is also segmented by platform into PC; console; mobile; others.

Match-fixing has always been a major challenge in the esports industry. Match-fixing in esports is when a player intentionally loses to win a bet. The esports market will be negatively impacted when viewers start to believe that esport is losing its integrity due to match-fixing. In 2019, in Australia, match-fixing in esports resulted in the arrest of six Australian gamers. Also, in 2018, according to the global Esports Survey 2018, a total of 78% of respondents stated match-fixing as a serious risk to the esports industry, which is expected to reach USD 1 billion by the end of 2018. Therefore, match-fixing limits the growth of the esports market.

In June 2019, Immortals Gaming Club, a USA-based company specialized in providing esports platform through the development of software such as video game software, acquired Infinite Esports & Entertainment for over USD 100 million. The acquisition is expected to help Immortals Gaming Club to become a part of franchised esports leagues and to become the world's largest esports organizations, boosting elite brands such as Immortals, Optic, MIBR and LA Valiant. Infinite Esports & Entertainment is a USA-based esports and entertainment holdings company that specializes in electronic sports, online media and multi-gaming.

The rising demand for video games and increasing awareness of esports contribute to the growth of the esports market. As technology is expanding so the video content, products, virtual reality, and video game competitions are increasing. Video gaming has become a transforming pop culture and redefining the ways that young people consume entertainment. In 2019, according to PwC's latest Global Entertainment & Media Outlook, the videogames market in the United States is expected to reach USD 30 billion by 2023, from USD 16 billion in 2014 at a CAGR of 18.3%. Also, there has been an immense rise in awareness of the eSports since 2015. The revenue of esports in 2018 reached USD 1.43 billion and is estimated to reach USD 1.57 billion by 2019. Therefore, the rising demand for video games and increasing awareness of esports drives the market's growth in the forecast period.

For More Information, Click on the Link Below:-

Global Esports Market

Related Reports:-

Global Esports Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Noticeable Growth In The Trends Of Car Finance Market Outlook: Ken Research

The Car finance is brought by financing enterprises or high-quality car producers.  It comprehends the countless financial products such as loans & leases, which licenses customers to conquer a car. Moreover, the car finance products & services are essentially scattered through the original equipment manufacturers (OEMs), banks, credit unions, brokers, and abundant other financial institutions. Not only has this, the car or auto financing are services approvals borrowers to procurement vehicles without having to build the broad payment in cash.

Dependent on the Commercial vehicle finance market, the effective growth in the consumer trends &preferences toward car purchases have improved enormously and substantial ultimatum for model & branded cars wide-reaching has become one of the foremost growth stimuluses in the market. In addition, upsurge in foremost players of car finance market such as BMW, Toyota, Volkswagen, and Mercedes are meeting consumer anxieties across the globe, which boosts growth of the car finance market. However, the intensification of car owners that convey the ride share services to patrons as an ancillary solution to travel by car thwarts the market growth.

Additionally, based on the future analysis car finance industry, the leading market players are estimated to disseminate automotive finance as a shrewder debt assemblage and regaining tactic to diminish default rates. This is predictable to create new growth opportunities for the automotive finance market. However, due to increasing environmental topics (as a result of improved pollution levels), confident automotive eco-checking regulations are being enforced by the U.S. government. Furthermore, the rigorous regulations regarding credit benefaction are projected to limit the market growth to a substantial extent. Nevertheless, the automotive financiers are reframing their growth strategies for products and services and OEMs are revising their procedures for engineering the eco-friendly vehicles.

Additionally, commercial vehicle finance market states that enlightening the macro economics coupled with developing the amount of first time car consumer are some key trends that have come to the fore in mounting economies. To appear this, more than a few financial institutions as well as non-banking financial corporates are intending car financing as a foremost business activity. In addition, the non-banking financial corporate bargain car financing at less rigorous loan admissibility benchmarks and flexible repayment tenure which inducements customers for the car proprietorship.

The effective growth in rehearses of switch to newer models that enrichments car sales and consumer preference for a lower vehicle cycle opens avenues for the car financiers. Buyback varieties accessible by the car dealers and OEM warranty patterns that may dictate refinancing will distribute the new opportunities to the car financing market.

Although, the foremost economies into which the car financing market is confidential are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific, amongst them, is expected to enlarge at a prompt pace owing to augmented vehicle proprietorship. Patrons in emerging economies in the region that are increasingly purchasing immense ticket items opt for car financing for the car purchase. The Middle-class households in underdeveloped regions that have fewer discarding capital to buy the car have high prerequisite for the car financing. Therefore, during the coming years, it is awaited that the market of car finance will augment around the globe more significantly over the forthcoming years.

For More Information, refer to below links:-

Car Finance Market Growth Analysis

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

Effective Augment in Trends of Worldwide Automotive Gasket & Seals Market Outlook: Ken Research

 The Automotive gaskets and seals are the components which is progressively utilized in vehicles to circumvent gas and fluid leakage. They block the gap among the automotive components therefore, guaranteeing no leakage in vehicles. The seals circumvent lubricants from fleeing the bearings. Such components also circumvent dust and several other contaminants from incoming the automotive machineries.

According to the report analysis, ‘Global Automotive Gasket & Seals Market to reach USD 18,551 million by 2026‘ states that with the technological advancements, gaskets and seals also deliver an operative means to get improved fuel economy and have decreased the requirement of repair and maintenance, thereby improving the average lifespan of the automotive components. Thus, this aspect is projected to hasten the requirement of automotive gaskets & seals across the globe. Further, growth in implementation of electric and commercial vehicles, along with the increasing concern on environmental and health are the few aspects responsible for great CAGR of the market over the forecast duration.

For instance, as per the Edison Electric Institute, the worldwide electric vehicles sales were amounted nearly 312,000 in Q1 2018, an augment of 58% equaled to Q1 2017. Similarly, the number of electric vehicles on the road across the United States, is nearly 8,90,000 in 2018, up from number of electric vehicles of around 6,00,000 during 2017. This, in turn, is projected to quicken the market growth all over the globe. However, the beginning of COVID-19 pandemic has an immediate and severe impact on every single segment of worldwide industry involving automotive segment thus, demonstrating a substantial deduction in the introduction of passenger cars and commercial vehicles. With the deduction production of vehicles, the requirement for the automotive gaskets and seal also reduce thus, limiting the market growth. Moreover, design and installation issues, along with the inconsistent raw material prices are few other aspects limiting the growth of the market over the review period of 2020-2026.

Additionally, the regional analysis of worldwide Automotive Gasket & Seals market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-pacific is the leading/significant region around the world in terms of market share due to the growing volume of passenger cars and electric vehicles, along with the existence of stringent policies for vehicle protection in the region. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the forecast period of 2020-2026.

In addition, with the speedy technological improvement in vehicles segment and the growing requirement to attain better fuel effectiveness and vehicle performance, the market for gaskets and seals is projected to increase significantly. Gaskets and seals utilization has led to deduction in the maintenance cost of vehicles and has enhanced the lifetime of the automotive components.

With the growing stringent emission regulations, the OEMs are aiming on the mandatory assimilation of gaskets and seals in vehicles, thus propelling the worldwide automotive gaskets and seals market. Therefore, in the near years, it is projected that the market of automotive gasket and seals will increase around the globe more effectively over the upcoming years.

For More Information, Click on the Link Below:-

Global Automotive Gasket & Seals Market

Related Reports:-

Global Automotive Gaskets and Seals Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Automotive Gaskets and Seals Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Fill Your Company With Experienced And Knowledgeable Manpower With Our Talent Crossover: Ken Research

Unsurprisingly, the talent crossover is a worldwide manpower consultancy podium that significantly bargains a holistic facilitation of the revolutionary recruitment services along the cutting edge model in the arena of talent supply, discovering the accurate and effective match in accordance to the role requirements assumes the vibrant significance in the framework of the business sustainability. Similarly, it is in the same way essential for the candidates to find their more advantageous role on the par with their intellect, experience, capabilities and preferences. Not only has this, the talent crossover try to find the solution of puzzle of the accurate fit to our patrons and candidates accompanying with us.

Furthermore, the Talent Crossover wishes to offer suitable and accurate interpolations and turnkey recruitment solutions to our clienteles at all times. We have confidence in understanding the Aspirations and Necessities of our Clients, sending Efficient Solutions and making the Exemplary dissimilarity to their Business Goals. Our Passion for carrying the Perfect Opportunities to our Candidates by transfiguring Impending into Performance and comfort them Propel Forward in their Career Expedition.

Although, the Talent Crossover with Manpower Recruitment Services India is positively devoted to enable the Recruitment Solutions to Patrons and Candidates transversely all levels of Hierarchy in the Organisational Hierarchy. We handle a plethora of positions vacillating from Freshers, Lower and Middle Level to Top Management for our Regulars and Candidates. Our Approach, Methodology and Commitment towards Effectiveness shall be Consistent and Unchanging across All Levels without Conciliation or Differentiation.

We as Top Recruiting Firms in India finds employees fast, since we have a network of the candidates with whom we have built relationships. We also benefits you fill your pipeline with the experienced participants, enabling hiring managers to create more informed decisions. In addition, the Campus Recruitment is an undisputable shot tool to tap Ingenious Talent which conciliations nearly 40% of the Organizational Workforce. The Strategic Campus Hiring Programs and Progressions are decisive for attracting cream talent from the Target Properties. We simplify smooth completing of all or selective touch points of the Comprehensive process of Campus Recruitment upon the requests around Tier I, II and III at a Pan India Level through our Gorgeous and Diverse Knowledge in the domain.

We promise to impart specified Pre Joining Training to the selected Candidate(s) interrelated to Process and Soft Skills, explicit to the role hired for. This is to confirm the Candidate is 100% Job ready from day one and simplify easy transition into his Role. Moreover, we obtain the entire understanding about the technical demands for the role and impart the demanded process training to the participant earlier to joining.

Not only has this, we suggest tailor generated training interventions for the performance or professional advancement to the participants subsequent to the joining, upon the specific demands and considerations. We also suggest the demand specific and role specific behavioral training inter positions upon the essential demands and considerations. A notable piece of the Talent Crossover is the distinctive involvement and Commitment we unanimity to our Clients and Candidates to sanction the Potential opportunities are transmuted into the Controlling Performance and Success.

For More Information, refer to below links:-

Best Consultancy in India for Healthcare Jobs

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

Future Growth Of Indonesia Loan and Insurance Industry: Ken Research

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Socio-Economic Outlook Of Indonesia

Indonesia is the 4^th most populous country (270.6 Mn) in the world holds high potential for economic growth with >60% of its population lying in the working-age group. Easy & affordable internet accessibility has been driving the country’s preference for online platforms for shopping, bill payments, banking services, etc.

Owing to limited financial infrastructure & less financial awareness, ~60 of the population remains unbanked; therefore are often looking for alternative financial solutions. This has led to the growth of the fintech industry in the country with over 170 players operating as of 31^st December 2019.

In 2019, the country experienced its weakest economic growth since 2015 owing to a fall in its second-largest GDP contributor i.e. exports & international investments. The country’s economy is highly dependent on production from MSMEs (~60% contribution to GDP in 2018) therefore multiple government initiatives like “MSME Go Online” have been taken for their digital transformations & overall development.

Key Indicators

Household Consumption Expenditure grew at the rate of 8.4% in 2019, underpinned by increasing population & declining inflation rate

Declining BI rate (Policy Rate) has helped in increasing the country’s lending further helping in economic development

Overview Of Banking & Fintech Industry In Indonesia

~70% of the Indonesian population still suffers from credit inaccessibility due to limited banking reach & preference towards high creditworthy individuals. Solving this, we see many upcoming online lending platforms such as Crowdo, Modalku, Cashwagon, etc. Leveraging their technology & increasing popularity banks like BNI, Bank Mandiri, etc are partnering with fintech players to further increase their reach & services.

Overview Of Insurance Sector In Indonesia

GWP collected in Indonesia for the year 2019 stood at IDR 179 Tn driven by growth in Motor & Health Insurance. In comparison to other countries, Indonesia lags behind with a penetration rate of just 2.9%. Relying on traditional methods Bancassurance continues to be the preferred choice among customers. Microinsurance products have been gaining traction, provided with smaller premium packages (~IDR 10-50,000) & limited coverage.

Household/Retail Lending Scenario In Indonesia

Driven by demand for Mortgage loans, multipurpose loans & SME loans, Household Credit in Indonesia has been recording a Y-o-Y growth of more than 5%. With the majority of the population located in urban areas, demand for retail loans was seen to be concentrated in areas of Java, Sumatra & Sulawesi.

Indonesia Online Loan & Insurance Aggregator Industry

Customer Journey: 7 step process starting from a customer visiting the website & choosing the suitable option with help of multiple filtering & sorting options to the customer receiving loan amount/insurance policy. After-sales support is also provided in form of claim assistance, renewal notifications & suggestions for other suitable products.

Revenue Model: Prevalence of three revenue models including Fixed Fee per product (mostly used for credit cards), Commission Earning (Insurance, Loan Products) & Guarantee based Reward. Guarantee based Reward is opted for by aggregators in certain cases only.

Organizational Structure: With an average employee base of 200 employees, ~60% of people employed in the Telesales department to drive sales & provide assistance for loan & insurance products.

Technology Stack: In-house developed website incorporating AI & ML models to segregate customers & suggesting suitable options depending on the customer’s needs & background. CRM software including calling software, automated email generators, Plugin/APIs acquired from third-party vendors to fetch customer background, ease online documentation process, etc.

Marketing Strategies: Online Marketing campaign is observed to be the most preferred & effective marketing strategy producing up to 50% revenue growth & generating ~leads per product. Other preferred marketing sources include blogs, offline banners, agent-led distribution, discounts/offers, etc.

Regulatory Landscape: Governed by OJK & Bank of Indonesia, registration process completed with 30 days of submitting the application with the required documents. Aggregators are required to also follow governance & reporting guidelines as prescribed by OJK Indonesia. For example, Providers are required to regularly submit their Performance reports, Self-Assessment Report& Consumer related information (like an investment, returns, portfolio details, etc) to the Financial Services Authority.

Competitive Landscape Of Aggregators

Growing at the rate of > 15%, the industry is concentrated among top players including Cermati, CekAja, Futuready, CekPremi, Aturduit competing on the basis of Traffic Generated, Exclusive Partnerships with Service Providers, After Sales Processes/Assistance, discounts & offers provided, etc. While some of the players have expanded to segments of Wealth Management and P2P lending to become a one-stop solution provider, others are considering taking up expansionary plans in coming years.

Future Outlook Of Indonesia Loan & Insurance Industry

Owing to the economic shock brought in by COVID 19, the demand for loan & insurance products are expected to witness tepid growth during 2019-2020. With the given rise in unemployment & salary cuts, demand for short term loans & credit cards increases as people’s reliance on them increases for paying their utility bills.

COVID has also made Indonesian people realize the importance of health insurance as many struggle to pay their hospital bills. Insurance providers have been investing in the development of other niche insurance segments like pet insurance, electronic device insurance, etc. Upcoming product innovations aimed at becoming microinsurance depict high potential for the insurance industry in Indonesia.

Outlook Of Online Loan & Insurance Aggregators In Indonesia

COVID 19 outbreak expected to bring in major lifestyle changes making consumers prefer contactless services thereby creating a high potential for online loan& insurance aggregation services.

Analysts at Ken Research estimate that as a part of expansionary plans, major players are expected to diversify more in providing customized solutions, increasing the role of AI & ML in customer segregations & advisory services & the development of new products.

Companies Covered: –

Cermati

CekAja

CekPremi

Futuready

Aturduit

KreditGogo

GoBear

Finder

Time Period Captured in the Report: –

Historical Period: 2015–2019

Forecast Period: 2020-2024

Key Topics Covered in the Report: –

Socio-Demographic, Economic, Banking & Fintech Scenario in Indonesia

Insurance Scenario in Indonesia with segmentation by Insurance type including Motor Insurance, Health Insurance & Life Insurance

The lending scenario in Indonesia with segmentation by Loan to Government, private (Individuals, NBFIs, NFIs) and Others

Household/Retail Lending Scenario with Segmentation by Multipurpose Loans, Mortgage Loans, Credit Cards, Auto Loans, Loans to MSMEs, Home Appliance Loans & Others

Gaps in Traditional Loan Industry fulfilled by Online Loan Aggregators

Online Loan Aggregator Industry in Indonesia with Revenue Models followed

End-to-End Customer Journey followed

Technological & Organizational Structure followed

Regulatory Landscape

Competitive Landscape including Overview, Ecosystem & Cross Comparison among major players on basis of Operational, Loan/Insurance Providers, Product Portfolio and Website Features

Company Profiles- Cermati, CekAja, CekPremi, Aturduit, Futuready & KreditGogo

International Case Studies-PaisaBazaar& PolicyBazaar (India)

Future Outlook of Loans and Insurance & Online Aggregators

Impact of COVID 19

For More Information on the Research Report, refer to the below links: –

Indonesia Online Loan Aggregator Industry

Related Reports by Ken Research: –

India Online Loans Market Outlook to 2019 – Industry Transformation by the Advent of Web Aggregators

UAE Online Loan Aggregator Industry Outlook to 2024 – Driven by Shifting to Contactless Services & Easy Online Loan Facilitation

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Robust Innovation In The Space Of Digital Records/Certificate Issuance Will Provide A Unified Solution For The Disintegrated Identification & Credential Management System: Ken Research

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• WeInvest Capital Partners has selected Tokeny Solutions to tokenize the first real estate fund in Luxembourg. Tokeny Solutions will provide the end-to-end digital services needed for the compliant onboarding and management of investors.
• Data Gumbo, the trusted industrial blockchain network, has partnered with the Texas Alliance of Energy Producers (the Alliance), the largest statewide association in the country serving independent energy producers across the USA.
• UK data analytics company GeoSpock has raised USD 5.4 million in additional funding to accelerate the development and adoption of its database technology.
• iQSTEL announces Phase 1 Smart Contract Development for its blockchain-based settlement and payment marketplace platform on track for Q1 2021

Blockchain Aiding In the New Paradigm Shift

Blockchain’s influence will affect all aspects of our life in the coming years, including how we work, purchase goods, record data, travel, do business & everything. Simply put, blockchain involves recording information in a way that creates trust in the data recorded at no extra cost. Blockchain is proof that you own something in an immutable digital format, whether it is a Bitcoin or your personal health records or any intellectual or physical property. Blockchain proves you are the owner of whatever digital information you have on the distributed, decentralized public ledger & any malicious attempt to change or temper that information can be stopped or monitored.

Blockchain for Tamperproof & Integrity driven documents

The technology of blockchain helps in embedding authentication into the document itself and using a closed-loop tracking system to protect against tampering or modification without the knowledge of the issuing party so that the information can be misused or used for illegal purposes. It adds a layer of code called a block to the process, which is a sequence of unique letters and numbers protected by a highly secure form of encryption called a public key. The use of public-key encryption is important because it enables the owner of the information to control it without giving up any other information & a decentralized system of record-keeping can be enabled

The Movement towards Eco Friendly & Paper Less World Of Records Management Forward-thinking organizations across every industry/sector are looking to use blockchain technology to combat fraud, mitigate risk, and relieve administrative burdens associated with exchanging information and content; in addition, it also helps in providing digital prints of records & certificates while reducing redundant costs & a need to issue physical certificates. This furthermore helps in reducing dependence on paper as a primary raw material for issuing records & helps in providing a sustainable source of data management & issuance.

Analysts at Ken Research in their latest publication " USA Blockchain Enabled Record Issuing Platform Market" observed that there is a vast opportunity to disrupt the traditional record Issuing space. The report discusses the creation & feasibility study of a blockchain-enabled records/certificate issuing platform that can utilize the immutable nature of the blockchain technology to securely issue records & certificates. The platform could be a real disruptor in the traditional field as it eliminates various costs like printing, admin, logistics & more. The report further discusses the use of case scenarios in the public & private sector, competition analysis of current players in the industry & end-user perception via survey analysis.

Key Segments Covered (Use Case Analysis): -

Public Sector

Permits & Licenses

User Identification

Vital Documents

Legal Records

Private Sector

BFSI

Education

Healthcare

Business Services

Manufacturing & Retail

Entertainment & Hospitality

Telecom

Energy

Key Target Audience

Hardware Technology Manufacturers

Software Technology Manufacturers

Cloud Storage Providing Enterprises

Public Institutions (Engaged in Issuance of Records)

Online Education Providers (Ed-Tech Companies)

IT Enterprises

BFSI Enterprises

Healthcare Enterprises

Universities & Schools

Hospitality & Entertainment Enterprises

Blockchain Industry Associations

Legal Service Providers

Manufacturing Enterprises

International Retail & maritime Shipment Providers

Blockchain Technology Software’s Providers

Engineering Service Providers

Time Period Captured in the Report:

Historical Period: FY’2014-FY’2020

Forecast Period: FY’2020-FY’2025

Companies Mentioned:

Blockchain-Enabled Record/Certificates Issuing Companies

Smart Certificate

CloudCerts

Blockeducate

Block.Co

Certy

Certify

Others include Blockcerts, Verisas & more

Key Topics Covered in the Report:

Analysis of Enterprise IT Infrastructure in the USA

IT Expenditure – Macro Overview

IT Expenditure Breakdown

Major Focus in IT Infrastructure Expenditure

New Technology Trends which are expected to have the Biggest Impact

Blockchain Technology Growth & Current Infrastructure

Lifecycle of Blockchain

Current Adoption of Blockchain Infrastructure

End-User Perspective towards Blockchain

End-User Analysis of Blockchain-Enabled Record issuing platform

Public Sector Analysis & Use Cases

Private Sector Analysis & Use Cases

Competition analysis of current Blockchain-Enabled Record issuing platform covering Overview, API Analysis, Pricing Analysis, Platform Analysis

Perception-based Survey analysis of USA based enterprises

Awareness of Blockchain & Security Needs

Security a Priority for Entities Utilizing Digital Solutions

Influencing Factors for Decision Makers

Gap Analysis in Current Secured Digital Solutions

Analysis of Current Digital Platform Usage

Major Benefits Availed from Adoption of Secured Digital Solutions

Analysis of Entities Utilizing Physical & Unsecured Methods

Analysis of Problems associated with Physical & Unsecured Issuance

Adoption of a blockchain-enabled record issuing platform

Mass Adoption of blockchain-enabled record issuing platform Dependent on Customized Features

Subscription Model Analysis

Availability of Customized Solutions

Product Strategies & Overview

Feasibility Study of a blockchain-enabled record issuing platform

Exhaustive Industry basis Use Case Analysis

Analysis of Product Features & Offerings

Product Promotion & Assessment of Target Audience

Pricing & Subscription Analysis

For More Information on the research report, refer to the below link: -

USA Blockchain-Enabled Record Issuing Platform Market

Related Reports by Ken Research: -

Global Cloud Customer Relationship Management (CRM) Market Report 2020 By Key Players, Types, Applications, Countries, Market Size, Forecast To 2026 (Based On 2020 COVID-19 Worldwide Spread)

Global Terahertz Components And Systems Market Report 2020 By Key Players, Types, Applications, Countries, Market Size, Forecast To 2026 (Based On 2020 COVID-19 Worldwide Spread)

Global Cloud Identity And Access Management (IAM) Market Report 2020 By Key Players, Types, Applications, Countries, Market Size, Forecast To 2026 (Based On 2020 COVID-19 Worldwide Spread)

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