KSA Automotive Industry | KSA Automotive Market | Covid-19 Impact on KSA Automotive Industry: Ken Research

 KSA Automotive Industry: Overview & Ecosystem

Kingdom of Saudi Arabia, currently enjoys a strategic position in terms of geography & development of industries with growing economy & improving trade participation in the world. Their automotive industry provides opportunity of high growth with the absence of domestic manufacturing & core dependence on imports for domestic vehicle needs. However, rapid digitization along with various government incentives are set to change the gears of development in the coming years.

KSA 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.

Saudi Arabia Imports & Sales Industry

KSA Automotive industry imports& export volume for automotive vehicles is majorly driven by International OEMS from countries like USA, Japan, Korea, Germany, China & India. The overall ecosystem of KSA automotive industry includes global auto manufacturers like Toyota, Mazda, Hyundai & more, along with many sports & luxury car manufacturers. They are facilitated by local dealers & agents as there is a lack of domestic assembling & major vehicle needs are currently fulfilled via imports.

Largest importing country in terms of vehicles is Japan, home to Toyota, which amounts to the biggest share of vehicle sales in KSA. USA, Korea & china along with Germany, Thailand & India are the other major countries who imports vehicles in KSA. The development of various ports on east & west coast provides ease of importing & connected road network with other gulf countries, helps in providing cross country movements as well Sales & distributing efforts are undertaken by local trading partners in KSA like Abdul Latif Jameel (Toyota), Mohammad Yusuf Naghi (Hyundai) & more, who utilizes their local networks to provide the effeciency & optimization in sales.

Marker segmentation of KSA automotive industry explains the geographical consistency across the country. It was witnessed that Central, Eastern and western region of KSA dominate the market with more than 80% share of sales and are majorly driven by cities like Riyadh, Jeddah, Dammam and Medina/Makkah

KSA Automotive Aftermarket Spare Parts & Service Industry

KSA Automotive spare parts industry is largely dominated by small retailers selling parts across the country. It was witnessed that there are ~7,000 small retailers in the country with majority of them situated around Jeddah, Dammam & Makkah/Medina.

In terms of car workshops, organized players cater to tier 1 & 2 cities, while other areas are dominated by local & unorganized crash repair & other service providers Value chain & busieness models further provides analysis of various entities available in the market & defines their roles, sourcing habits, retail & dealership networks along with revenue sharing & earning models/pathways & specifies margins at various intervals along with growth potential & strategic ways of diversifying into new business streams.

The Market size of KSA Spare Parts market grew by a CAGR of ~11% for 2014-2019, helping the market grow ~1.7X. It was also witnessed that imports made up more than 50% of the market in terms of volume. With increased ownership period and advanced used to new car ration of 2:1, total car parc in KSA is set to grow a north of 12 mn by the end of 2021.

KSA government is also making genuine efforts to kick start the domestic manufacturing process to include further entities in the ecosystem and sustain the current manufacturers as well to provide them various incentives to grow operations Import & Export analysis of the automotive industry in KSA gives a higher level idea regarding the annual throughputs at all the major ports, identifies the major commercial hubs & areas of importance while indulging in to international trade.

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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Future Growth of Ecuador Agriculture Market Outlook: Ken Research

 Agriculture has traditionally utilized a large proportion of the population. Many rural Ecuadorans feed their families with the manufacturers from their own farms; production of those subsistence crops, as well as corn (maize), potatoes, beans, and cassava (manioc), is important however not accurately reflected in official figures. Though Ecuador's main economic activity has long been agriculture, solely about 11% of the land is arable or under permanent crops, and another 18% is permanent pasture. Ecuador’s major resource is its soil, which, with the country’s usually adequate rainfall and diverse climates, permits a wide variety of agricultural production.

According to the report analysis,’ Ecuador Agriculture Market Trends, Statistics, Growth, and Forecasts’  The Ecuador government has been supporting the agriculture industry with a number of policies, trying to stabilise the output and seeking ways to ensure the sector is growing healthily and sustainably. The Ecuador federal government has been highly supportive of agriculture for decades, and there is broad political consensus as to the need for land, labour and tax reform to help the sector reach its potential. Due to supportive policies, the agriculture sector’s performance has been improving steadily in recent years. Ecuador keeps its first rank in the world in terms of farming output, producing large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products.  Chemical fertilizers are employed on commercial and specialized market crops, while traditional farmers employ animal manures; still, overall yields could be vastly increased. Irrigation has been employed since prehistoric times in the highlands, and most of the highland production by value is from irrigated fields and greenhouses, which have been deployed for the cultivation of roses, tomatoes, and papayas.

 Despite the rapid development of Ecuador’s agriculture sector, problems emerge in relation to a variety of aspects, including the shrinking arable land, the deteriorating ecological status of environment due to the heavy use of fertilisers and pesticides, and the issue of food security. There is also much room to improve in terms of increasing the use of machinery and advanced technologies in the agriculture sector. The country has made efforts to integrate new agricultural technologies to improve the sector’s efficiency and increase land productivity. The high costs and low profits of agricultural production are the major internal inhibitors of Ecuador’s agriculture sector. They are also the primary factor restricting the growth of farmers’ income and leading to shrinking of the labour force in agriculture.

Furthermore, Ecuador’s agriculture sector provides livelihoods to households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to Ecuador’s GDP. Agricultural methods including primitive subsistence farming, intensive subsistence farming, commercial farming and plantation farming as a variant of commercial farming are all present in India. Some states specialise in growing certain crops commercially, while others grow the same crops as a subsistence farming activity.

The Ecuador government has for decades actively supported the agriculture sector through mechanisms such as 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. Therefore, it is anticipated that the market of Ecuador Agriculture will grow up in the approaching years.

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Ankur@kenresearch.com

+91-9015378249

Launch A New Services Or Product With Our Go To Market Strategies: Ken Research

 A go to market strategy is a premeditated action plan that sketches the steps compulsory to succeed in a fresh market or with a fresh customer. It can relate to pretty much anything, from launching fresh products and services, to re-launching your organization or brand or even moving a present product into a fresh market.

A convenient way to think of it is as a more precise version of your marketing plan—one with a tapered scope and that is hyper-focused on just one product. Like any good strategy, it’s not meant to be some cumbersome document, but rather a tool that can be utilized and shared around your entire company. This means your go-to-market strategy requires being comprehensive enough to be appreciated, yet agile enough to be reorganized as you get consumer feedback. A go-to-market strategy attends a couple of determination. First, it clarifies why you’re beginning your product, who it’s for, and how you’re going to attack the never-easy job of getting them to engross with and purchase it.

Second, it forces you to think through all the situations your consumers will face when demonstrated with your product. This supports to make sure you can deliver them the best witness possible and build trust with them. As the old saying goes, it takes years to build trust and seconds to abolish it. Your strategy is what safeguards you’re not messing up all the hard work you’ve put into receiving to where you are now.

Our Company Recruitment Strategy is an action plan. It summarizes the steps a corporate obliges to take to prosper in a fresh market or with a fresh addressee. It meritoriously postulates why you are launching a fresh product as well as whom it is for and how you are going to utilize it. Our go-to-market strategy also intentions on the issues the shoppers will face once validated with the product, which will, in turn, backing you to function on developing familiarity. Nonetheless, the go-to-market program can be exploited for establishing or launching a fresh product or services as well as for marketing prevalent products.

The Ken Research’s Go-to-Market Strategy will efficaciously assist your business win through advantageous geographies, products, and solutions, with streamlined operational models, pinpointed pricing strategy, elevated sales capacity, operational marketing competencies, and more. We work specifically with your team and succor your Organization with a reformed style that aligns with your clear-cut goals. Our blueprint will accumulate for you a sharp bottom-up vision of the market and highlight the target customer trashes, to hurriedly modernize decisions to schedules. In addition, we belligerently help you ascertain B2B and Consumer Market Opportunities that can be leveraged by your commercial capacities.

In addition, our Value Unlock Approach to a blossoming Go-to-market exercise for your Organization backings bring into line your Business with innovative opportunities, while obedience a high-pitched emphasis on defensible Top-line Growth. Moreover, with our go-to-market strategy, you associate your offering to your clients through channels. The Distribution channels can comprehend entities such as wholesalers, retailers, distributors, and even the internet. A distribution channel is an allowance of the downstream extension, in which the product carries from the initial contractor to the end consumer. Nonetheless, we have a resounding understanding of the Business Environment in incalculable emerging geographies likewise Saudi Arabia, UAE, Oman, Vietnam, Philippines, Indonesia, and countless others, in Areas comparable Retail, Shopper Products, Automotive, Logistics, Manufacturing & Construction, Chemicals, Agriculture, Defence, Healthcare, Edification, Media and Financial Services. We assist you in all stages of your growth excursion.

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Extreme Competition among The Top Logistics Players In KSA In Transportation And Other Services Of Logistics Market Outlook: Ken Research

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Introduction

The Logistics denote the entire process of managing how resources are obtained, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and formative their effectiveness and approachability. Nonetheless, logistics are the management of the course of things between the point of origin and the point of intake in order to meet the desires of customers or corporations. The market of international logistics is having a momentous growth with the growing requirement of several goods across the world. Logistics involves transportation and warehousing, which is commenced by the logistics provider for competent and effective delivery. Foremost companies are primarily aiming at the specific industry segments such as high-tech machines, automobile segment, pharmaceutical sector, and several other high revenue generators.

Whereas, the logistics industry in KSA is one of the foremost logistics markets in the world after UAE and is projected to be the coming transshipment hub for Asian, African, and European regions, given the satisfactory location of KSA. Growth in the industry has been encouraged owing to the high affluence of doing business and ranked 89^th position in the Globe.

The industry is registered by Sea and land freight Movements considering the robust position in Oil Exports and import Dependency for all the Indispensable Products too. The country has robust trade relations with Asian countries, European countries, and the US. Land freight is frequently common with UAE, Bahrain, Jordan, and Egypt. Air freight is moderately expensive than any other Mode and is frequently used for Express Shipments. The KSA also has a durable warehousing market segment where the real estate players are chartering out their space to logistics organizations and Captive players for lengthier durations. Warehouses are strenuous in areas of Riyadh, Jeddah, Dammam, Al Khobar due to the high population and presence of Seaports. The Courier, Express, and Parcel market is propelled by growth in Last-Mile deliveries and the E-Commerce sector in the country.

Outsourcing to be Key Market Trend

The foremost growth in the usage of logistics services outsourced across the region has led to market growth. Increasing imports and exports, together with the mammoth requirement for logistics services, are propelling producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is developed to satisfy the demand for additional logistics characteristics utilizing IT to ensure smooth data flow from one foundation to the next. This aspect augments requirements in the global logistics market to a prodigious extent.

Competition Overview

The competition in the Logistics space in KSA can be separated on the basis of dissimilar service segments involving Freight Forwarding, Contract Logistics (Warehousing), and Express Delivery.

The Domestic and International players such as Bahri Logistics, Kanoo Terminal, Kuehne + Nagel, DB Schenker, DHL, Agility were acknowledged to be dominant when it comes to Air Freight and Sea Freight, as they are accompanying with some big Groups/Conglomerates or have a sturdy brand name in the Global Market for their quality services.  The Local Domestic Transporters register the Road freight Market on the basis of the form of fleets, number of trucks, Prices, delivery durations, and many more While the International Express market across KSA is concentrated among the foremost worldwide players such as DHL, FedEx, and more, the Domestic Express market is more scrappy but is strongly registered by NAQEL express, SMSA Express, Saudi Post, ESNAD express, and more around Saudi Arabia logistics Market.

Future Growth

The logistics segment in KSA is predicted to grow in the future with a dip during 2020 owing to lockdown for few days that disrupted the Imports and Export Movements by all Modes which is predicted to revive back during 2021. Logistics Companies are increasing and updating fresh technologies such as RFID tags, WMS, Fleet Management Softwares, Blockchain, and ASRS at nominal prices to win their clients by delivering quality services and enhancing customer experience and improve the service quality. The pharma logistics sector and the e-commerce logistics segment are predicted to drive growth in the future, given the expected increase in medical products requirements post COVID-19 and the increasing penetration of e-commerce around the country.

Key Target Audience: -

3PL Logistics Companies

Integrated Logistics Companies

E-Commerce Companies

Oil & Gas Companies

Retail Companies

Pharmaceutical Companies

Logistics/Supply Chain Industry Associations

Time Period Captured in the Report:

Historical: 2015 to 2019

Future: 2019 to 2025

Companies Mentioned:

Bahri logistics

Saudi Post

NAQEL Express

Kuehne Nagel

Almajdouie logistics

DHL Express

Fedex Express

Al Ayed Transport

SMSA Express

Tamer logistics

BAFCO shipping and Logistics

DB Schenker

Agility

JAS Worldwide

Kanoo Terminal Services

LSC warehousing and logistics

Hala Supply Chain

Namma Cargo

Wared logistics

Al Rashed transport

UPS

Kerry logistics

Mubarrad transport

Hellman logistics

OCSCL Shipping and Logistics

Al karsf

SMT logistics

Saudi Lana logistics

Fourwinds logistics

Takhzeen

NTF cargo

Alpha Cargo

GAC

Platinum Shipping and Logistics

Key Topics Covered in the Report: -

Saudi Arabia logistics Market size by Revenues

Saudi Arabia logistics Market Segmentation By type of Service (Freight Forwarding, warehousing, Courier, Express and parcel Market and Value added services) By Revenues

Market Segmentation by Modes of Freight (Including Domestic and International Cargo travelled for each Mode of freight, FTK travelled, Price per ton per kilometre)

Market size of Warehousing (Revenue, Total warehousing Space Average Occupancy, Revenues, Average Price per sqm per Month)

Warehousing Space by Type of Entity (Real estate companies, Logistics Companies, Captive Companies)

Warehousing Space by Type of Warehouses (Industrial/ Retail, Agricultural, Cold Storages, ICD/CFS)

Courier, Express and Parcel Market (Domestic/ International Revenues, Average Price per Domestic and International Shipments, Total Domestic/ International Shipments)

E commerce logistics Market size in Saudi Arabia

Top Companies dealing in each Service and Sub Service (Land freight, Sea freight, Air freight By Volume, warehousing companies by warehousing Space, Express companies by International/ Domestic Revenues)

Top Companies by revenues dealing in each Vertical (E commerce, Retail, Oil and Gas and Pharma logistics)

Market Share of Logistics Companies in KSA by Service Mix and By Each Industry Verticals

Competition Analysis of Major Logistics Players in KSA by Revenues

Competition Analysis of Major Logistics Players in KSA ( including Volume, Average warehousing Space, Fleets, Average Occupancy rate,  Network, Client Retention, Industries catered, Services offered, Technology, Certifications, Strength)

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COVID-19 Impact On Power Train Components Market Outlook: Ken Research

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The Automobile power train is principally accountable for the power assignment from the transmission to the wheels. The automotive power train is created up of several components involving drive shafts, discrepancies, CV joints, U joints, and shafts with axles. All such are well-known as the vehicle's power train when straddling. The choice of the type of portion for the automotive power train reliant on the form of vehicle and the engine power output. Also, the form of automotive power train components to be chosen also reliant on the drive configuration whether it is a rear-wheel drive, front-wheel drive, four-wheel drive, or the fewer common eight-wheel or six-wheel drive. To decrease the weight of such automotive power train components, several lightweight materials have been produced, and aluminum is one such material that is obtaining popularity in the automotive power train components industry. Components of the Automotive Power train are contrived to accommodate a wide variety of operating temperatures, great shock resistance and vibration strength, high trustworthiness, and long-term stability. Frequently, these components are marketed through two distribution channels, comprising OEM and Aftermarket.

According to the report analysis, ‘COVID-19 Impact on Global Power Train Components Market by Vehicle Type (Light Commercial Vehicle (LCV), Passenger Car, and Heavy Commercial Vehicle (HCV)); By Engine Type (Gasoline and Diesel) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that the effective augment in the demand for automatic transmission and an augmenting trend for engine downsizing that decreases the fuel emissions and consumption is predicted to accentuate the growth of the market for automotive power trains. The prominent growth in the need for enhanced traction, great towing capability, and enhanced vehicle acceleration for safe driving to pass uncomplimentary terrain and bad weather situations are expected to drive requirements over the forecast period.

Strict government regulations for decreasing carbon dioxide emissions are also predicted to boost sales to prevent worldwide warming. With the aid of turbochargers, car producers are diverting to engine downsizing owing to strict fuel efficiency and emission norms. The effective growth in consumer spending, high requirement for cars, and advancement of the automotive system is also projected to be the noteworthy drivers for growth in the industry.

The worldwide pandemic COVID-19 has become worldwide stress, not just for human lives, but also for industries around dissimilar industry verticals. The COVID-19 syndrome has infected numerous million people globally, with an augmenting number of active cases daily, the duration of the pandemic is still problematic to predict. In the space of only a few months, there has been a foremost decrease in vehicle sales, leading to shutdowns around regions as well as precariousness in oil prices. The Renowned car OEMs is pursuing several strategies to decrease the pandemic's detrimental effect on their companies by appraising their dealerships to reestablish services.

Moreover, across the automotive sector, the short-term effect of COVID-19 has led to the shutdown of assemblage plants across the United States, manufacturing interruptions around Europe, and cessation of exports of Chinese parts, in the face of the lockdown condition. On the bright side, the automotive industry will persist strongly until a COVID-19 breakthrough is completed, thanks to ongoing endeavors by leading companies to curb sales losses through the enactment of turnaround strategies such as fusions and acquisitions and many more. Despite the foremost impact the innovative coronavirus has on the automotive industry, the online vehicle sales may appear as one of the growth promoters in the market. Moreover, the developing security and safety concerns amongst individuals and New Car Assessment Programs launched by corporates around the globe are other aspects that are propelling the market of the Power train Components Market.

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Growing Insights of South Korea Agriculture Market Outlook: Ken Research

 Agriculture in South Korea may be a sector of the economy of South Korea. The natural resources needed for agriculture in South Korea aren’t torrential. Two thirds of the country are mountains and hills. Productive land solely accounts for 22 percent of the country's land. The foremost vital crop in South Korea is rice, secretarial regarding 90 percent of the country's total grain production and over 40 percent of farm revenue. Alternative grain product heavily consider imports from alternatives countries. Farms point in size from little, family-owned farms to giant companies, however most are small-scale and bank heavily on government support and services so as to survive.

According to the study, ‘South Korea Agriculture Market Trends, Statistics, Growth, and Forecasts’ The South Korea government has been supporting the agriculture commerce with a variety of policies, attempting to stabilise the output and seeking ways to confirm the world is growing healthily and sustainably. The South Korea federal government are vastly supportive of agriculture for many years, and there’s broad political agreement on the requirement for land, labour and tax reform to assist the world reach its potential. Due to compassionate policies, the agriculture sector’s performance has been rising steady within recent years. South Korea keeps its initial rank within the world in terms of farming output, manufacturing massive quantities of rice, wheat, cotton, meat, poultry, eggs and fishery product. The new strategy requires additional efforts to confirm the provision of key farm product, promoting the supply-side structural reform and, additional significantly, enhancing environmental protection still as pollution hindrance and waste treatment. Despite the fast development of South Korea’s agriculture sector, issues emerge in regard to a range of aspects, as well as the shrinking productive land, the deteriorating ecological standing of environment owing to the significant utilization of fertilisers and pesticides, and therefore the issue of food security. There’s in addition a lot of space to enhance in terms of rising the use of machinery and latest technologies in the agriculture sector.

The country has created determinations to participate new agricultural technologies to enhance the sector’s potency and enhance land productivity. The high prices and low profits of agricultural production are the most important internal inhibitors of South Korea’s agriculture sector. They are in addition the first issue controlling the expansion of farmers’ income and resulting in shrinking of the labour force in agriculture.

The government has approved a variety of multi-year policies, like a recruit to double farmer incomes and become self-sufficing in pulses over an unspecified short amount. However, reform must to go a lot of much deeper, particularly considering the actual fact that within the years to 2050, agriculture is predicted to supply livelihoods for regarding half the rural population, despite in progress urbanisation within the country. Most farmers are engaged in low-scale farming and have a tough time accessing credit and paying it back. Therefore poverty and crop vacation years, still as abandoning farming, or perhaps committing suicide, is widespread among farmers within the country.

Furthermore, the South Korea government has for many years actively supported the agriculture area during mechanisms like fertiliser subsidies, and calm affording conditions, amongst others, agreeing farmers to consume a fair-minded estimation of their revenues and set up for the succeeding agricultural season consequently. Through a network of public organizations and numerous programmes and schemes, South Korea’s federal and regional authorities are trying to protect agricultural producers and increase production. Thus, it is anticipated that the South Korea Agriculture Market can increase within approaching years.

For More Information, Click on the Link Below:-

South Korea Agriculture Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Intensifying Insights Of Uganda Agriculture Market Outlook: Ken Research

Agriculture is that the core sector of the Ugandan economy and also the main manager. This sector is the key determinant within the country’s efforts to scale back impoverishment, and attain economic process within the immediate years. Uganda has one among the quickest population expansion rate of around 3.3%, and this itself, is that the principal driver for the rise in consumption of crops in Uganda. Uganda’s Favourable soil conditions and climate have contributed to the country's agricultural success. Most areas of Uganda have usually received many rain. In some years, tiny areas of the southeast and southwest have averaged quite 150 millimetres per month.

According to the analysis, ‘Uganda Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Uganda government has been supporting the agriculture manufacturing with a total of policies, attempting to calm the output and seeking ways in which to make sure the arena sector is growing healthily and sustainably. The Uganda federal government has been extremely corroborative of agriculture for many years, and there’s broad political accord on the necessity for land, labour and tax reform to assist the area reach its potential. Due to corroborative policies, the agriculture sector’s performance has been rising steady in recent years. Uganda keeps its initial rank within the world in terms of farming output, manufacturing giant quantities of rice, wheat, cotton, meat, poultry, eggs and fishery product. The latest strategy imply a lot of struggles to make sure the availability of key farm merchandise, helping the supply-side structural reform and, a lot of significantly, enhancing environmental protection similarly as pollution interference and waste treatment. Despite the speedy development of Uganda’s agriculture sector, issues emerge in relevancy spread of aspects, together with the shrinking cultivatable land, the deteriorating ecological standing of atmosphere owing to the weighty utilization of fertilisers and pesticides, and also the issue of food security. There’s in additiona lot of space to enhance in terms of accelerating the utilization of machinery and advanced technologies within the agriculture sector. The country has created exertions to integrate latest agricultural technologies to enhance the sector’s potency and rise land productivity. The high prices and low profits of agricultural production are the most important internal inhibitors of Uganda’s agriculture sector. They are in addition the first issue limiting the expansion of farmers’ income and resulting in reduction of the labour force in agriculture.

The government has adopted a variety of multi-year policies, like a pledge to double farmer incomes and become self-financing in pulses over an unspecified temporary period. However, reform has to go a lot of deeper, particularly considering the actual fact that within the years to 2050, agriculture is predicted to produce livelihoods for regarding half the rural population, despite current urbanisation within the country.

Consumers within the country are discovering the link between healthy food and their prosperity and switching their alternatives to fruits and vegetables. Additionally to this, with the rising health consciousness, there’s in addition an increasing consumption trend toward sorts of off-season fruits that are sometimes met by rising imports. For crops like potatoes, there’s a recent trend of growing consumption particularly among the middle-income cluster in Uganda. The crops, like apples, citrus, grapes, bananas, litchis, peaches, pineapples, potatoes, tomatoes, onions, sweet corns, beetroots, and avocados are a number of the most important fruits and vegetable crops known with nice market growth potentials within the region throughout the forecast period.

Additionally, the Uganda government has for many years actively supported the agriculture sector through mechanisms like fertiliser subsidies, and relaxed lending conditions, amongst others, permitting farmers to possess a good estimation of their revenues and set up for the next agricultural season consequently. Through a network of public organisations and various programmes and schemes, Uganda’s federal and regional authorities are attempting to protect agricultural producers and boost production.

For More Information, refer to below link:-

Uganda Agriculture Market

Related Report:-

Switzerland Agriculture Market Trends, Statistics, Growth, and Forecasts

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