KSA Automotive Industry Outlook to 2025: Ken Research

 The report titled "KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers" observed that the there is a vast opportunity to disrupt the traditional & conservatively operating automotive Industry in the Kingdom of Saudi Arabia. The report discuss the current technology adoption amongst the various segments of players like Importers, Distributors, Spare Part Dealers, Dealerships, Workshops, car Spas, Rental & Leasing  Players amongst more.

The report  further analyze each segment  in detail, providing a brief overview along with market size, segmentation, competition analysis, trends, developments & future analysis of various segments, focusing keenly on entity  relationships & business models.

These segments are then further analyzed to gain a better understanding of the ERP & CRM modules required to pave the way for digitization amidst the industry, across KSA.

KSA Automotive Industry

KSA Automotive is currently dominated by local retail & distributing partners, facilitating growth of international OEMs & other brands amidst a shortfall of domestic manufacturers with good quality products. The demand for automotive vehicles & spare parts is majorly fulfilled via imports from countries like USA, Japan, China, Korea, India & other gulf countries. The ecosystem is made up of big trading organizations who harness their retail & distribution networks across KSA to compete in the market for Tier 1 & 2 cities, while majority of rural areas & tier 3 cities still rely on unorganized market for local demand. KSA communicates a lot with surrounding gulf countries in terms of imports & re-exports & is looking forward to develop domestic manufacturing & exporting capabilities for South Africa & other African & gulf nations with stronger tax & driving policies, development of industrial hubs, efficient bilateral relationships & allies, technological competence & its enhancement.

Automotive Import/Distributors & Dealerships

The import of vehicles in KSA consists of majorly of sedans & SUVs amidst sport & luxury cars, facilitated via international OEMs in collaboration with local partners. The space is majorly dominated by big trading corporations with strategic partnerships with OEMs, who act as sole distributors & traders of particular brands. Some of the biggest players include, Abdul Latif Jameel (Toyota), Mohammad Yusuf Naghi (Hyundai & BMW), Haji Hussien (Mazda) & few more. But the competition is witnessing a shift with Hyundai & Nissan taking on Toyota in various segments of market like passenger vehicles & sedans to grab a bigger market share. Current market trends regarding vehicle purchase & ownership are also changing affecting market segmentation of vehicles as more women enter the market with EVs & hatchbacks taking a more pivotal part of market in comparison to Sedans & SUVs. However, the focus in the future is set to shift towards utilizing domestic capabilities, with KSA government pushing FDI inclusion amidst series of relaxations & support schemes.

Automotive Aftermarket Industry

Aftermarket industry is split between organized & unorganized sector with organized sector leading in terms of revenue generation capabilities & quality of services. Unorganized segment of the market majorly tries to cater in tier 3 & other rural areas as they can target a lower income group who are not fixated on the quality of service. Majorly the parts used are also refurbished & not completely genuine (First copies). Organized players on the other hand provide an array of exiting & better quality services. Players in organized sector comprises of Multibrand aftermarket workshops & spare parts retailers or genuine agency repairs (dealership led). They either provide complete auto care services or specializes in quick lube, crash repair & periodic maintenance services. Another segment of the market called the mobile service centers provides on road assistance catering car spa & maintenance services across KSA

Rental & Leasing Industry

Rental & leasing industry in KSA is the most utilized industry with target segment of Expats & pilgrim/business tourism showing promising growth across the year. Certain new developments like women driving laws, employment emphasis on Saudi nationals & other investment schemes related to digitization is further helping the market to grow across KSA. Current industry practices have witnessed a unilateral move of rental players into leasing opportunities & used car retail to sustain their business amidst the global pandemic. We also witness new market segmentation on the basis of end users, vehicle type & regions, along with a focus on various strategic partnerships amongst ride hailing companies & leasing/rental players to develop innovative business model as the markets focus shifts from ownership to user ship.

Technology Adoption & Trends amidst Covid-19

The covid impact on automotive industry of KSA has seen decline in the foot fall across various showrooms of brands, which used to be the major mode of sales, pre covid. We see a shift towards e-commerce in the KSA automotive industry with higher online penetration levels across various segments, but not a major move from physical to online sales. Various new vehicle maintenance models are also witnessed with varying ownership periods amidst job loss & closing of many offices. Share mobility market also witnessed a decline as people move towards hygienic ways impacting different market segments. Corrective measures taken by various entities & government itself to sustain business & are providing incentive to move towards innovative business models in various industry segments.

The technology trends & developments also witness a major shift towards radical ERP & CRM systems being utilized in the market, majorly by organized segment. Entities operating in the automotive industry of KSA ae able to understand the usage & optimization capabilities of streamlined & efficient operating systems & continue to use different softwares & solutions in addition with customized modules to enhance their operations & customer relationship management efforts. The integration is majorly done via international & local technology partners who compete on integration, cost effeciency duration of the project & more factors, & provide either single software utilization or in some cases, a mix of various vertical & standalone ERP solutions.

Key Segments Covered:

KSA Imports & Sales Industry (Distributors & Dealerships)

Import & Export Analysis

Competition Analysis of Major OEM Brands

Future Trends & Developments & Growth Factors

KSA Automotive Aftermarket Spare Parts & Service Industry

Spare parts Industry

Aftermarket Service Industry

Competition Analysis of Major Players via Cross Comparisons & Heat Maps

KSA Automotive Leasing & Rental Industry

KSA Rental Industry (Market Size, Competition & Segmentation)

KSA Leasing Industry (Market Size, Competition & Segmentation)

Impact of Covid-19 on KSA Automotive Industry

Impact of Covid 19 on KSA Automotive Industry

Mobility Industry looks forward to Utilize Digital Platforms

Post Covid KSA Automotive Industry Outlook

Technology Adoption & Usage Trends in KSA Automotive Industry

Overview of Industry

KSA Automotive Technology Trends, Adoption & Recommendations

Key Target Audience

KSA Car Dealerships

KSA Automotive Industry

KSA Automotive Workshops

KSA Spare Parts Retailers

KSA Automotive Logistic Service Providers

KSA Car Rental Players

KSA Car Leasing Players

KSA ERP Service Providers

KSA Technology Consultants

KSA Foreign Relation Ministry

KSA Customs Department

KSA Ports Authority

KSA Automotive Industry

KSA Imports & Export Authority

KSA Hardware Technology Manufacturers

KSA Software Technology Manufacturers

KSA Cloud Storage Providing Enterprises

KSA Public Institutions

Time Period Captured in the Report:

Historical Period: 2014-2019

Forecast Period: 2019-2025

Companies Mentioned:

Importers/Car Dealership

Abdul Latif Jameel Motors

Almajdouie Automotive

Wallan Trading Co.

Mohamed Yousuf Naghi Motors

Haji Husain Alireza & Co.

(Mazda, MAN, Aston Martin)

Nissan Petromin

Manahil International

Aljomaih Automotive Company

Universal Motors Agencies

Kia Al Jabr

Al Yemni Motors

Alissa Universal Motors Co.

Bakhashab Brothers Co.

Alesayi Motor Company

Al Jazirah Vehicles Agency

Juffali Automotive Company

Spare Part Retailers/Wholesalers

Balubaid

Barik International

Babatin Auto Parts

Speero

Juffali Auto Parts Company (JAPCO)

Samaco

M S Almeshri & Bros Co.

AL-OLIAH Auto Spare Parts

Delmon Group of Companies

SNAM

Ubuy

Munif Al Nahdi Group (Mize)

Odiggo

Accidom

Bawazeer Auto Parts

Bin sahib

AHQ Parts

Danya Auto Parts

Rezayat Automotive  

Saudi Parts Center Company (Al Khorayef Group)

Aftermarket Service Providers

Branded Workshops

AutoFix

SAC Motor

Castrol

BEC (Best Engine Centre)

Sheikh Center (SKBMW)

Abu Jihad Car Maintenance Center

Ac Delco Service Centres

Tyre Plus

3M Authorized Centre

Mize

AdinLub

Car Spa

Car Hub

Ezhalha

Petromin Express

Auto Hub

Exxon Mobil

Autoworld

Castrol Branded Workshops

Shell Fastlube

Fuchs One

NAFT

Ziebart

Grease Monkey

Quick Car Service

Morni

Agency Repair

Samaco

United Motors Express Service Lane

Al Jazeera

Renault

Kia Motors

Fast Auto Technic

Mohammed Yousaf Naghi Motors

Porsche

Land Rover

Quick lane

Nissan Petromin

Haji Husain Alireza & Co.

Universal Motors Agencies

Aljomaih Automotive Company Ltd.

Alesayi Motors

Al Yemni Motors

Alissa Universal Motors Co.

Bakhashab Brothers Co

Al Juffali & Brothers Automotive Ltd.

Wallan Hyundai

Un-Organized/ Independent Players

Middle East Auto Services

Carzzone

German Centre

Cartech

Alod Haib

Al-Aruba Sinnaiyah

Saudi Chinese Vehicle Repair

Al Shamel Car Maintenance Center

Al Nafie Car Maintenance Workshop

Alsajow Center for Car Maintenance

Red Car

Saudi Egyptian Center for Car Maintenance

SRT 8

Al Bayan Car Maintenance

Mujahid Garage

1 Check Car Services (One Examination Workshop)

Saudi radiators

Global Auto Maintenance

Mohammed Al- Tkhais Abu Rakan

Anwar Al Mamlaka Center

Quick Cars Service

Best Corner Car Maintenance

American Diamond Specialist Center

Cars electricity and air conditioning

Badr Sentop workshop BST

Grace Monkey (International Company)

Super Service Auto Center

XEOEX

German Centre

AutoGard

Rental & Leasing Industry

Rental Players

Budget rent a car

Theeb rent a car

Al Wefaq rent a car

Autoworld rent a car

Key rent a car

Avis rent a car

Hanco rent a car

Samara rent a car

Hertz rent a car

Autorent a car

Leasing Players

Ford Aljazirah

Budget Rent a Car

Universal Motors

Al Jomaih

Best rent a car

Al Tayyar rent a car

Enterprise rent a car

Hanco rent a car

Theeb rent a car

Shary rent a car

ERP & CRM Providing Technical Consultants

Britehouse

Techedge

Saudi Business Machine

Tyconz

Accenture

Tata Consultancy Services

Tech Mahindra

HCL

Unitrans

NTT Data

Deloitte

CDK Connect

Seidor

Wipro

Key Topics Covered in the Report:

Saudi Arabia Automotive Industry Overview

Saudi Arabia Imports & Sales Industry (Distributors & Dealerships)

Automotive Imports & Sales Industry Ecosystem, KSA

Value Chain Analysis of KSA Automotive Imports & Sales

Annual Automotive Imports Traffic for Major KSA Ports

Analysis of Imported Goods & Major Countries Importing in KSA

Value & Volume of Vehicles Imported, KSA

Segmentation of Imports on the basis of Vehicle Type, KSA

Automotive Vehicle Manufacturing Clusters Analysis, KSA

New Motor Vehicle Sales, KSA

Market Segmentation of Automotive Sales on the basis of Region, KSA

Demographics of KSA Citizens Supporting Automotive Industry, (2019)

Segmentation of Vehicle Sales on the basis of Brands & Vehicle Type, KSA

Market share of International OEMs in New Vehicle Sales, KSA (2019)

Competition Analysis of Automotive Imports & Sales Industry, KSA (2019)

Profiles of Major Dealerships & Distributors

Business Model & Revenue Stream of Importers/Distributors/Dealerships

Trends & Developments in Automotive Vehicle Industry

Future of Imports & Sales

KSA Automotive Aftermarket Spare Parts & Service Industry

KSA Aftermarket Industry Ecosystem

Aftermarket Spare Parts Industry

KSA Aftermarket Service Industry

Future Trends of Aftermarket Spare Parts & Service Industry

KSA Automotive Leasing & Rental Industry

Macroeconomic Overview of the Rental & Leasing Industry

KSA Automotive Leasing (Long Term) Industry

KSA Rental Industry

Future of Leasing & Rental Industry

Impact of Covid-19 on KSA Automotive Industry

Impact of Covid 19 on KSA Automotive Industry

Mobility Industry looks forward to Utilize Digital Platforms

Post Covid KSA Automotive Industry Outlook

Technology Adoption & Usage Trends in KSA Automotive Industry

Overview of Industry

KSA Automotive Technology Trends, Adoption & Recommendations

For more information on the research report, refer to below link:

KSA Automotive Industry

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Different High Innovations In Global Industrial Automation Market Outlook: Ken Research

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The Factory automation standardizes industrial procedures and guarantees dependable, superior-quality results; therefore, it has a great requirement in industries for well-organized, high-quality manufacturing. Furthermore, it fulfills the requirement for mass production in industries owing to features such as decreased human interference, augmented efficiency, and lower labor costs resulting in the minutest overall operating costs. The market for factory automation has a further boom up owing to the rising implementation of the Industry 4.0 trend and IoT motorized smart technologies.

According to the report analysis, ‘COVID-19 Impact on Global Industrial Automation Market By Technology (Supervisory Control &Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI) and Programmable Automation Controller (PAC)); By End User (Machine Manufacturing, Oil & Gas, Aerospace & Electronics, Automotive & Transportation, Mining & Metals, Food & Beverage and Pharmaceuticals) and Region –Analysis of Market Size, Share, and Trends for 2014 – 2020 and Forecasts to 2030’ states that the worldwide Industrial Automation Market size was accounted at USD 183.35 billion in 2020 and is predicted to reach USD 408.39 billion by 2030, accounting a CAGR of 8.55% from 2020 to 2030. Due to the effective growth in the adoption of process automation across diverse industries likewise automotive, energy utilities and chemicals, the market is projected to see substantial growth over the review period. The businesses are intensely reducing labor and operating costs by automation, as well as disregarding human errors owing to the reliability and proficiency of the system.

By the end-user segment can be categorized into Machine Manufacturing, Oil & Gas, Aerospace & Electronics, Automotive & Transportation, Mining & Metals, Food & Beverage, and Pharmaceuticals. Mining and metals industries are projected to see the greatest rate of growth in process industries throughout the forecast duration. The mining and metals industry is anxious with mineral and metal deposit production and product producing. The metal industry delivers the processes for metalwork such as grinding, milling, spinning, and forging. In addition, Mining activities in remote and dangerous locations are challenging to conduct and to preserve. Machinery utilized in metal processing requirement fast and proficient movement of metals with precision-propelled by drives and PLCs. Drives deliver accurate speed and torque control while PLCs deliver procedure versatility. It delivers greater efficiency, ensures fortification, minimizes wear, improves reliability, and enhances quality owing to the introduction of automation in this location.

Not only has this, the market is projected to see substantial growth over the review period due to the increasing adoption of procedure automation around diverse industries such as automotive, energy utilities, and chemicals. The businesses are dramatically decreasing labor and operating costs by automation, as well as disregarding human errors owing to the reliability and effectiveness of the system. Moreover, the effective growth in the adoption of industrial robots in the manufacturing industry to cater to increasing population requirement is boosting the industrial automation market. Also, the market is projected to expand owing to government initiatives towards industrial automation implementation.

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Effective Increment In Trends Of Ireland Agriculture Market Outlook: Ken Research

In Ireland the agriculture sector is a hugely valuable part of the economy, and is a key contributor to economic growth. Rich, fertile soil, a mild climate and all that rain makes Ireland perfect for farming, and taken advantage of that fact for generations. Agriculture has provided food and income for thousands of years and it’s a vital part of it. The rising demand for developed agricultural products versus their limited supply ultimately leading to increased imports. Some major product categories, includes soybeans and dairy foods, have been heavily dependent on imports for several years. 

According to the analysis,’ Ireland Agriculture Market Trends, Statistics, Growth, and Forecasts’ Farming has a major role to play in Ireland’s economic prospects but today it’s facing real threats from climate change, rising energy costs, food insecurity and rural decline, as well as uncertainty surrounding Brexit and recovery from the Covid-19 pandemic. The Ireland federal government has been highly supportive of agriculture for so many years, and there is broad political consensus as to the need for land, labour and tax reform to aid the sector reach its potential. Owing to supportive policies, the agriculture sector’s performance has been improving steadily in recent years. Ireland remains in its first rank around the globe in regards of farming output, producing large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products.

Despite the rapid development of Ireland’s agriculture sector, problems increase in relation to a variety of aspects, including the shrinking arable land, the deteriorating ecological status of environment because of the heavy use of fertilisers and pesticides, and the issue of food security. The increasing demand for high-quality agricultural products versus their limited supply ultimately results in increased imports. Some major product categories, including soybeans and dairy foods, have been heavily dependent on imports for many. Other restrictors to sector’s expansion include the ageing workforce with a low level of education and the underdeveloped rural financial services system.

The government has adopted a number of multi-year policies, like pledge to hike up farmer incomes and become self-sufficient in pulses over an unspecified short-term period. However, reform needs to go much deeper, especially considering the fact that in the years to 2050, agriculture is anticipated to provide livelihoods for about half the rural population, rather ongoing urbanisation in the country. Most farmers are busy in low-scale subsistence farming and have a hard time getting credit and paying it back. So, poverty and crop holiday years, together with abandoning farming, or even committing suicide, is wide spread among farmers in the country.

Moreover, the Ireland government has for decades actively supported the agriculture sector through mechanisms like fertiliser subsidies, and relaxed lending conditions, amongst others, allowing farmers to have a fair estimation of their revenues and plan for the next agricultural season accordingly. Through a network of public institutions and various programmes and schemes, Ireland’s federal and regional authorities are trying to protect agricultural producers and boost production. So, it is expected that the market of Ireland Agriculture will boost up in approaching years.

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Ireland Agriculture Market

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Prominent Development Across Hungary Agriculture Market Outlook: Ken Research

Hungary agriculture product is a mixture of staple crops, famous specialty things like wine and livestock product, and basic stock. Hungary's most significant crops embrace corn, wheat, sugar beets, barley, potatoes, and flower seeds. Hungary additionally has vital forestry resources, though poor forestry management reduced Hungary's forestry resources beneath communism. The enlargement of agriculture, a high rate of exploitation, and inadequate re-planting of trees contributed to a big decline within the amount following World War II.

According to the analysis, ‘Hungary Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Hungary government has been supporting the agriculture manufacturing with a digit of policies, demanding to stabilise the output and seeking ways to confirm the division is growing healthily and sustainably. The Hungary federal government has been very much compassionate of agriculture for years, and there’s broad political consent as to the prerequisite for land, labour and tax reform to comfort the sector reach its potential. Due to compassionate policies, the agriculture sector’s performance has been rising steady in recent years. Hungary keeps its primary rank within the world in terms of farming output, manufacturing bulky quantities of rice, wheat, cotton, meat, poultry, eggs and fishery product. The new strategy involves a lot of efforts to confirm the resource of key farm merchandise, promoting the supply-side structural reform and, further notably, increasing environmental protection moreover as pollution prevention and waste treatment. Despite the speedy development of Hungary’s agriculture sector, complications emerge in respect to a spread of aspects, as well as the reduction productive land, the deteriorating ecological rank of surroundings owing to the heavyweight use of fertilisers and pesticides, and also the issue of food security. There’s in additional lot of room to rise in terms of accelerating the utilization of machinery and advanced technologies within the agriculture sector. The country has produced efforts to integrate new agricultural technologies to boost the sector’s proficiency and increase land productivity. The high expenses and low profits of agricultural production are the foremost internal inhibitors of Hungary’s agriculture sector. They are in addition the prime issue proscribing the expansion of farmers’ income and resulting inreduction of the labour force in agriculture.

The government has adopted a quantity of multi-year policies, like a pledge to double farmer incomes and become self-reliant in pulses over an unspecified short-range amount. However, reform must to go a lot of deeper, exclusively considering the actual fact that within the years to 2050, agriculture is estimated to produce livelihoods for concerning half the rural population, despite in progress urbanisation within the country. The Hungary government has for years actively supported the agriculture sector through mechanisms like fertiliser subsidies, and relaxed providing conditions, amongst others, consenting farmers to consume a reasonable estimation of their revenues and design for the consequent agricultural season consequently. Through a network of public foundations and varied programmes and schemes, Hungary’s federal and regional authorities are trying to shield agricultural producers and boost production. Thus, it is predicted that the Hungary Agriculture Market will increase within near future.

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COVID 19 Impact on Global Virtual Reality Market: Ken Research

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Virtual reality is a computer-simulated reality that offers the possibility to visualize the car virtual prototype and also set up cross-site collaborative design reviews. It is a great asset in automotive marketing. Organizations can create virtual reality experiences to immerse customers into their brand universe.

Referring to the study, “COVID-19 Impact on Global Virtual Reality in Automotive Market: By Component (Hardware, Software, and Content); By Application(Designing and Prototyping, Training, Virtual Reality Showrooms, and Research and Development) and Region –Analysis of Market Size, Share, and Trends for 2014 – 2019 and Forecasts to 2030”. Some of the key companies operating in the global virtual reality in the automotive market are ZeroLight Limited, Continental AG, DAQRI, Facebook Technologies LLC, Sony, HTC Corporation, Google, WayRay AG, Linden Research, Inc., Unity Technologies, Bosch Limited, Microsoft, Visteon Corporation, Axiscades.

Based on components, virtual reality in the automotive market is segmented as content, hardware, and software. The Hardware segment dominates the market owing to a decrease in headset costs and a rise in investment in research & development (R&D) of advanced VR devices. The software segment also holds a major share in the market due to an increase in the availability of innovative virtual software solutions. Additionally, the content segment is expected to witness a higher growth rate caused by the rising demand for creating virtual environments for client engagement & employee training solutions during the forecast period. In addition, based on application, the market is segmented as training, R&D, virtual showrooms, designing & prototyping, and others. The training segment is a leading segment in the global market because of its substantial training capabilities for technicians and engineers in the automotive industry. The designing & prototyping segment is predicted to exhibit a substantial growth rate as it aids in reducing production time & money during the forecast period.

Virtual reality in the automotive market is driven by a surge in digital marketing, followed by growth in technological advancements. However, Lack of versatility and human link may impact the market. Moreover, an increase in investment in the production of embedded & sensor-based technologies is a key opportunity for the market.

The automotive industry is a highly impacted sector during the COVID-19 pandemic. The demand for social distancing in factories and workplaces has hindered the production of the industry. In upcoming years, the introduction of the virtual reality store and the client’s in-house virtual test driving experience is likely to improve market revenue.

Based on geography, the North-American and European regions hold a major share in global virtual reality in the automotive market owing to the increase in the use of technologically advanced devices in the regions. However, the Asian-pacific region is anticipated to witness a higher growth rate due to the introduction of 5G technology and a rise in government support over the forecast period. It is estimated that the future of the global market will be optimistic on account of growth in the automotive industry during the forecast period. The global virtual reality in the automotive market size was valued at the US $0.62 billion in 2019 and is projected to reach the US $36.82 billion by 2030, registering a CAGR of 46.11% from 2020-2030.

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Global Virtual Reality Market Growth Rate

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Future Growth of Global Fish leather Market: Ken Research

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The fish leather is exotic leather made from fish skins. It is a by-product of the seafood industry with recycling and environmental properties. The use of fish skins to make leather has a very minimal impact on the environment as the process is biodegradable, natural, and renewable. Fish leather is made of thin and fibrous material. It is supple and washable. It does not smell of fish. It is an excellent material for the clothing and shoe industries. Fish leather is strong, attractive, and easy to produce. Some of the key benefits are included environmental friendliness, reduced atmospheric pollution from the tanning process, product availability in a wide variety of drum dyed colors, versatility, price competitiveness with other reptile or exotic skins, and uniqueness due to the distinctive scale pattern of the fish. Apart from reducing atmospheric pollution, fish leather also reduces water pollutions as most fish canneries discard of the fish skins in the water bodies, ending up polluting water.

According to study, “Global Fish Leather Market by Type (Salmon, Perch, Wolfish and Cod); By Application (Clothing, Footwear, Accessories and Others.) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global fish leather market is Nanai, Limited Liability The company, Proxima Universal s.r.o., Salmo Leather GmbH, Atlantic Leather, SHADI, Nova Kaeru. Compared with mammalian leathers, the ready-made fish skin leathers are hardly available and there are some producers & small operators’ worldwide thus giving remarkable opportunities to the key players. Developments in technology and the rise in usage of eco-friendly leather are also anticipated to improve the role of key players in the market. Additionally, E-commerce retail plays a vital role in determining the growth rate of fish leather in the coming years.

Based on the species type, the fish leather market is segmented as Salmon, Shark, Wolffish, Nile Perch, and Cod. Each species have unique characteristics in a diverse range of textures, colors, and finishes. The Salmon segment dominates the market because of its fine pattern and texture. In addition, based on application, the market is segmented as footwear, clothing, handbag, belt, wallet, and others.

The fish leather market is driven by an increase in environmental concerns, followed by a change in lifestyle and a rise in spending on fashionable products. However, high prices of fish leather & limited size may impact the market. Moreover, international organizations & governments are promoting the use of fish leather to create service opportunities for the economy. Furthermore, the rise in the availability of advanced technology for manufacturing processes is a major trend for the market.

Based on geography, the Asian-Pacific region holds the major share in the global fish leather market owing to the increase in population and rise in the number of fisheries & fish producing companies in the region. The North-American and European regions are estimated to witness higher growth rate due to the increase in incomes of fishing communities over the forecast period. It is predicted that the future of the global market will be bright because of the presence of popular fashion brands & elite customers during the forecast period.

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COVID 19 Impacts on Global EClinical Solutions Market: Ken Research

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E-Clinical solutions are software & applications used for the management of clinical trials & clinical research in the biotechnology and pharmaceutical industry. The software helps to manage & maintain data, record data, and track deadlines.

Referring to the study, “Global E-Clinical Solutions Market: Market Segments: By Product Type (CTMS, eCOA, Analytics, RTMS, eTMF, Safety, CDMS, EDC); By Delivery Mode (On-Demand, On-premise, Cloud-based; ByEnd-User (CROs, Hospitals, Pharma/Biopharma Companies); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030”. Some of the key companies operating in the Global E-Clinical Solutions Market are Bioclinica, Inc., Medidata Solutions, Inc, Omnicomm Systems, Inc., E-Clinical Solutions, LLC., Bio-Optronics, Inc., Merge Healthcare Incorporated, Oracle Corporation, CRF Health, Datatrak International, Inc., Parexel International Corporation, Maxisit Inc.

Based on product type, the E-Clinical solutions market is segmented as clinical data integration platforms, Electronic Trial Master File Systems (eTMF), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), clinical analytics platforms, Electronic Clinical Outcome Assessment Solutions (eCOA), Randomization & Trial Supply Management (RTMS), safety solutions, clinical trial management systems (CTMS) and others. CTMS segment dominates the global market owing to benefits such as elimination of reliance on manual processes, centralized end-to-end management of clinical trial activities, and maintenance of multiple databases, which cumulatively improve the efficiency of clinical trials. Based on delivery mode, the market is segmented as a licensed enterprise (on-premise) solutions, web-hosted (on-demand) solutions, and cloud-based (SaaS) solutions. Based on the clinical trial phase, the market is segmented as phase 1 clinical trial, phase 2 clinical trials, phase 3 clinical trials, and phase 4 clinical trials. In addition, based on end-user, the market is segmented as a medical device manufacturer, contract research organizations, pharmaceutical & biopharmaceutical companies, consulting service companies, academic research institutes, hospitals, and others.

The E-Clinical solutions market is driven by growth in adoption of novel software solutions in clinical research, followed by an increase in operational costs & regulatory requirements associated with clinical research studies, growth in adoption of e-clinical solutions for improved data standardization, rise in government funding & grants to support clinical trials, increase in customer base for e-clinical solutions and surge in research & development (R&D) expenditure by pharma-biotech companies. However, the dearth of skilled professionals for operating e-clinical solutions, high implementation costs associated with e-clinical solutions, and limited awareness among the researchers related to the advantages of e-clinical solutions may impact the market. Moreover, the increase in outsourcing of clinical trial processes and the rise in the shift from manual data interpretation to real-time data analysis during clinical studies is a key opportunity for the market.

Based on geography, the North-American region holds the major share in the global E-Clinical solutions market owing to a rise in expenditure on R&D by pharmaceutical and biotechnology companies in the region. The Asian-pacific and European regions are estimated to witness a higher growth rate due to an increase in clinical trial outsourcing coupled with rising in the number of trials in countries such as China and India over the forecast period. It is anticipated that the future of the global market will be bright as a result of growth in technological advancements such as Wi-Fi connectivity & electronic data capture and amplification of IT budgets for drug production during the forecast period.

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

Global E-Clinical Solutions Market Growth

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Global e-Clinical Trial Solutions Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

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Growing Insights Of Sri Lanka Agriculture Market Outlook: Ken Research

Agriculture has always been of abundant importance for Sri Lanka, as feeding the world’s biggest population is not a simple task. Within the subsistence sector, rice is that the main crop and farming rice is the most important economic activity for the majority of the people living in rural areas. Growth in the area beneath cultivation, and better production because of the transformation of agriculture are the main factors for enhancement within production. Sri Lanka keeps its first rank in the world in regards of farming output, making large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products.

According to the report analysis,’ Sri Lanka Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Sri Lanka government has been supporting the agriculture trade with a variety of policies, attempting to stabilise the productivity and looking for methods to ensure the area is rising healthily and sustainably. The Sri Lanka federal government has been extremely loyal of agriculture for many years, and there is broad political consensus as to the need for land, labour and tax improvement to assist the sector reach its potential. Owing to supportive policies, the agriculture sector’s performance has been improving steadily in recent years.  The latest strategy demands for additional efforts to make sure the source of key farm products, promoting the supply-side structural improvement and, more importantly, increasing conservational protection together with prevention and waste treatment. Despite the quick development of Sri Lanka’s agriculture sector, hitches emerge in relative to a range of aspects, including the reduction arable land, the deteriorating ecological status of atmosphere owing to the weighty usage of fertilisers and pesticides, and the issue of food security. There is also much room to improve in regards of increasing the use of machinery and advanced technologies in the agriculture sector.

The country has created efforts to integrate latest agricultural technologies to enhance the sector’s competence and rise land productivity. Most farmers are busy in low-scale subsistence farming and have a hard time accessing credit and paying it back. So, poverty and crop break years, as well as leaving farming, or even committing madness, is extensive amongst farmers within the country. Sri Lanka has taken economic expansion seriously and wishes to feed its whetted craving. Sri Lanka’s agriculture sector delivers livelihoods to households in rural zones. Together with forestry and fisheries, it is one of the biggest contributors to Sri Lanka’s GDP.

Furthermore, the rising demand for high-quality agricultural products versus their limited supply ultimately results in increased imports. Some main product categories, as well as soybeans and dairy foods, have been deeply dependent on imports for many years. The Sri Lanka government has for many years actively helping the agriculture area concluded mechanisms like fertilizer subsidies, and relaxed advancing conditions, amongst others, consenting farmers to have a reasonable estimation of their incomes and design for the following agricultural season consequently. Through a network of public establishments and numerous programmes and schemes, Sri Lanka’s federal and regional authorities are making efforts to shield agricultural producers and enhance production. So, it is predicted that the market of Sri Lanka Agriculture will boost up throughout the forecast amount.

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Sri Lanka Agriculture Market

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Germany Agriculture Market Trends, Statistics, Growth, and Forecasts

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Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Rise in Prevalence of Multiple Sclerosis Anticipated to Drive Global Multiple Sclerosis Drugs Market: Ken Research

 The multiple sclerosis is a nervous system disease that affects the spinal cord and brain. It damages the myelin sheath, which is a term used to exemplify that materials which surrounds & protects human nerve cells. This damage blocks the messages between the brain & body and leads to the symptoms of multiple sclerosis. It affects women more than men. The disease occurs between age group of 20 to 40. It is mainly divided into four types: relapsing-remitting multiple sclerosis, progressive-relapsing multiple sclerosis, secondary-progressive multiple sclerosis and primary-progressive multiple sclerosis. Relapsing-remitting multiple sclerosis is most common form of the disease. Some of the key symptoms of multiple sclerosis include thinking & memory problems, problem in coordination, visual disturbances, and balancing of the body & muscle weakness.

According to study, “Multiple Sclerosis Drugs Market Global Report 2020-30” the key companies operating in the global multiple sclerosis drugs market are Bayer HealthCare, Pfizer, Inc., Biogen, Novartis, Roche, Merck & Co., Inc., GlaxoSmithKline, Acorda Therapeutics Inc., Sanofi, Teva Pharmaceutical Industries Ltd., Actelion Pharmaceuticals (Johnson & Johnson), Betaseron, CinnoVex, Extavia, Rebif, EMD Serono (Merck KGaA), AbbVie, Inc., Tysabr. The key companies are rapidly growing their efforts to focus on innovative product launches to cater to the increasing demands for multiple sclerosis drugs. The multiple sclerosis requires an enduring treatment that increases the overall cost of treating any patient. In order to offer better & effective treatment, companies are developing drugs precise to the treatment of multiple sclerosis.

Based on drug class, multiple sclerosis drugs market is segmented as immunosuppressants, immunomodulators, interferons and others. Based on route of administration, market is segmented as injection (subcutaneous, intramuscular and intravenous) and oral. In addition, based on distribution channel, market is segmented as retail pharmacy, hospital pharmacy and online pharmacy.

The multiple sclerosis drugs market is driven by rise in prevalence of multiple sclerosis. Apart from this, several other factors for instance genetic & environmental are contributing to the increasing incidence of multiple sclerosis. Prevalence of autoimmune diseases such as type1 diabetes & certain infections, including the infectious mononucleosis also lead to rising risk of multiple sclerosis. With the surging incidence of this health condition, the demand for multiple sclerosis drugs will increase considerably in upcoming years which will contribute to the growth of this market size. However, high cost of drugs to treat multiple sclerosis may impact the market. Moreover, growth in development of novel drugs is a key trend for market.

Based on geography, the North-American region holds major share in global multiple sclerosis drugs market owing to rise in awareness about multiple sclerosis and its treatment in the region. The Asian-Pacific and European regions are estimated to exhibit substantial growth rate due to supportive health reimbursement policies over the forecast period. It is expected that future of the global market will be bright as a result of increase in distribution networks of pharmaceutical companies during the forecast period. The global multiple sclerosis drugs market was valued at US $20.83 billion in 2019 and it is likely to grow at a CAGR of 5.20% and reach US $25.52 billion by 2023.

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Global Multiple Sclerosis Drugs Market

Related Reports:-

Global Multiple Sclerosis Drugs Market Status and Future Forecast 2015-2025

Global Multiple Sclerosis Drugs Market Analysis 2013-2018 and Forecast 2019-2024

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249