Lucrative Development across Respiratory Monitoring Devices Global Market Outlook: Ken Research

 Respiration is a unique process of human lives, which jumps at the time of birth and lasts till decease. A healthy human body is skilled of respiration process for numerous years but, due to rising levels of pollution in urban cities and lives concerning tobacco smoking, clogging of airways and other structures of the lung is turning into a common concern across the globe. The respiratory monitoring devices market comprises of sales of respiratory monitoring devices used to monitor respiration related parameters that help the detection of acute or chronic respiratory syndromes. The respiratory monitoring devices establishments are primarily involved in the manufacturing of Capnographs, Gas Analyzers, Pulse Oximeters, Peak Flow Meters, Spirometers, and Polysomnography.

According to the study analysis,’ Respiratory Monitoring Devices Global Market Report 2020-30: Covid 19 Implications and Growth’ the firms in the market are progressively launching smart respiratory monitoring devices to identify and monitor quantity of respiratory diseases. These smart respiratory monitoring devices are Bluetooth-enabled which can be associated to smartphones to endlessly monitor the vital respiratory parameters. For instance, in 2018, Nuva Air, a Swedish digital health startup thrown a smart device, Air Next, which monitors all the vital respiratory parameters in patients with asthma and other respiratory diseases. Main players in the respiratory monitoring devices market are Covidien, GE Healthcare, Philips Healthcare, ResMed, Siemens Healthcare, Merck & Co., Calando Pharmaceuticals, Quark Pharmaceuticals, Sirnaomics Inc., and Traversa Therapeutics. The market for respiratory monitoring devices is facing an exponential development owing to the Covid-19 pandemic. The fact that Covid-19 is basically a respiratory ailment has enhanced the use of respiratory monitoring devices, to screen the physiological functions of lungs throughout Covid-19 treatment.

On the basis of geographical distribution, the market of Respiratory Monitoring Devices is divided into key regions include North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. North America is likely to embrace the major share in the respiratory monitoring devices market. The large share of the segment is owing to factors like the high awareness about spirometers and plethysmographs, economic capability to purchase luxurious machines, occurrence of respiratory diseases, increasing demand for technologically advanced and innovative products in hospitals, diagnostic laboratories, and outpatient ambulatory surgery centers. Asia-Pacific expectant high progress for the respiratory monitoring devices market because of speedily growing aging population, upsurge in the consumer awareness and the increasing of the medical tourism in the emerging nations, like China and India in this region.

The respiratory monitoring devices market is expected to witness growth during the forecast period due to rapid growth in geriatric population, urbanization, and growing pollution levels, high incidence of tobacco smoking and expansion of advanced technologies. Increasing rate of chronic respiratory diseases is anticipated to drive the respiratory monitoring devices market in near future. The chronic respiratory diseases like asthma, bronchitis, pneumonia and others resulting from different bacterial and viral infections will increase the demand of respiratory monitoring devices. Therefore, it is expected that the market of Respiratory Monitoring Devices will boost up in the approaching years.

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Global Respiratory Monitoring Devices Market

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

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Global Cloud Managed Services Market Outlook: Ken Research

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Cloud managed services offer skilled resources that enhance the functionalities of the IT sector to be accomplished in alliance with the third-party managed service suppliers by cloud platforms. They support managing storage services, business process services, security management services, and application management services.  Cloud management services allow organizations to boost their operations and exchange processes that incur high losses, transform IT systems, and support in achieving objectives.

According to the study, ‘The Cloud Managed Services Market By service type (business, network, security, data center and mobility); By deployment (public and private); By end user (small and medium sized enterprises and large enterprises); By vertical (Telecom, Government and Education, financial services, consumer, healthcare and manufacturing) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ there are a lot of key players that are operating for the enlargement of the market that contains Infosys Limited, Accenture PLC, Fujitsu Limited, International Business Machines Corporation, NEC Corporation, Ericsson,  Alcatel Lucent, Hewlett Packard Enterprise Company, NTT DATA Corporation, Amazon Web Services, Cisco Systems Inc., DLT Solutions. Cisco enhanced its portfolio for little businesses via Meraki’s cloud in March 2020. Meraki’s Wi-Fi 6 access points helped little businesses manage networks professionally and progress their network performance. In March 2020, IBM and Infosys partnered in order to provide cloud services to numerous business verticals. In February 2020, NTT DATA Services and AWS. NTT DATA joined the proposal cloud-managed services. However, the main limitation in the cloud managed services market is the risk of private data leakage as third-party cloud-based management raises the risk for data misuse and theft. In addition, the lack of effectiveness in service technology and non-supporting IT infrastructure also obstructs the expansion of the market. The high price of installation and maintenance additionally abstain small and medium-sized enterprises to capitalize in this market.

The Cloud Managed Services Market can be categorized on the basis of service type, deployment insight, end-user, vertical, and regions. By service type, it can be additionally categorized into business, network, security, data center, and mobility. By deployment, it can be extra segmented into public and private. By end-user, we can organize the cloud managed services market into small and medium-sized enterprises and large enterprises. By vertical, it will be segmented into Telecom, Government and Education, financial services, consumer, healthcare, and manufacturing.

The region section can be additionally divided into five major types containing North America, Latin America, Europe, APAC, and MENA. APAC region is predicted to register the highest expansion owing to the enhanced demand for cloud-managed services by small and medium-sized enterprises. It permits organizations to enhance their revenue and productivity of employees. While, on the further hand, North America is to grasp the largest market share due to the high implementation of cloud-based business applications, managed services for security management, network operations, and cloud application management.

Furthermore, the increasing demand for cloud-managed services among little and medium scaled businesses for managing their application and storing information is the main driver of the market expansion. The features like cost-effectiveness, real-time access, economical manner, and update in business application raise the demand of this market. Other benefits of cloud-managed services contain IT functionality and customized services of IT. Apart from this, enterprises can get better payoff owing to the usage of cloud managed services, which supports in speedily connecting to the end-users as wells as creating business value for organizations. Thus, it is predicted that the Cloud Managed Services market can increase within approaching years.

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Global Cloud Managed Services Market Analysis

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Landscape Of Mozambique Agriculture Market Outlook: Ken Research

The Agriculture has always been of abundant importance for Mozambique, as feeding the world’s principal population is not an easy undertaking. The Mozambique government has been supportive the agriculture industry with a sum of policies, trying to stabilize the output and pursuing ways to ensure the sector is developing healthily and sustainably. The Mozambique federal government has been exceedingly supportive of agriculture for decades, and there is wide-ranging political consensus as to the prerequisite for land, labour and tax reform to benefit the sector reach its potential. Because of the supportive policies, the agriculture sector’s concert has been improving steadily in current years. The fresh strategy calls for more efforts to confirm the supply of key farm products, encouraging the supply-side structural modification and, more importantly, enhancing environmental protection as well as effluence prevention and waste treatment.

According to the report analysis, ‘Mozambique Agriculture Market Trends, Statistics, Growth, and Forecasts’ states that there is also much room to enhance in terms of increasing the optimization of machinery and advanced technologies in the agriculture portion. The country has made exertions to integrate new agricultural technologies to advance the sector’s efficiency and upsurge land productivity. The extraordinary costs and low profits of agricultural production are the captain internal inhibitors of Mozambique’s agriculture portion. They are also the primary aspect restricting the growth of farmers’ income and leading to dwindling of the labour force in agriculture. Food protection has been a top concern for Mozambique customers, especially regarding farm produce such as grains, meat, vegetables and seafood. Modern scandals have somewhat dampened consumers’ assurance in food safety, and in response, the government has familiarized regulations to advance the food safety and strengthen quality monitoring. The growing demand for high-quality agricultural products versus their restricted supply ultimately results in augmented the imports. Some foremost product categories, comprising the soybeans and dairy foods, have been heavily dependent on imports for several years.

However, most farmers are promised in low-scale subsistence farming and have a hard time retrieving credit and paying it back. Therefore poverty and crop holiday years, as well as abandoning farming, or even compelling suicide, is widespread amongst the farmers around the country. Mozambique has taken economic growth earnestly and requires feed its whetted appetite. Mozambique’s agriculture sector conveys the livelihoods to households in rural locations. Together with forestry and fisheries, it is one of the largest underwriters to Mozambique’s GDP. Agricultural approaches comprising the primitive subsistence farming, concentrated subsistence farming, commercial farming and plantation farming as a variant of commercial farming are all recent in India. Some states specialize in increasing certain crops commercially, while others augment the same crops as a sustenance farming activity. The Mozambique government has for decades aggressively supported the agriculture segment through mechanisms such as fertilizer subsidies, and relaxed lending conditions, amongst others, enabling the farmers to have a fair prediction of their revenues and plan for the next agricultural season accordingly. Through a connection of public institutions and innumerable programmes and schemes, Mozambique’s federal and regional authorities are trying to safeguard the agricultural producers and boost production.

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Mozambique Agriculture Market

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Ivory Coast Agriculture Market Trends, Statistics, Growth, and Forecasts

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Growing Insights Of Ivory Coast Agriculture Market Outlook: Ken Research

Agriculture has always been of excessive importance for Ivory Coast, as nurturing the world’s largest population is not a stress-free task. The Ivory Coast government has been auxiliary the agriculture industry with a number of policies, frustrating to stabilise the production and looking for ways to certify the sector is intensifying healthily and sustainably. The Ivory Coast federal government has been unquestionably supportive of agriculture for decades, and there is wide-ranging political unanimity as to the requisite for land, labour and tax alteration to comfort the sector reach it’s prospective. Owing to supportive policies, the agriculture sector’s performance has been improving steadily all through recent years.

According to the report analysis, ‘Ivory Coast Agriculture Market Trends, Statistics, Growth, and Forecasts’ states that despite the prompt development of Ivory Coast’s agriculture sector, complications emerge in relation to a selection of aspects, including the dwindling the arable land, the deteriorating ecological position of environment due to the heavy usage of fertilisers and pesticides, and the problem of food security. There is also much room to increase in terms of increasing the practice of machinery and advanced technologies in the agriculture sector. The nation has made efforts to integrate new agricultural technologies to increase the sector’s adeptness and increase land productivity. The great costs and low profits of agricultural invention are the major internal inhibitors of Ivory Coast’s agriculture sector.

They are also the principal factor restricting the growth of farmers’ revenue and leading to shrinking of the labour force in agriculture. Food safety has been a top apprehension for Ivory Coast consumers, exclusively concerning farm harvest such as grains, meat, vegetables and seafood. Latest scandals have somewhat dampened consumers’ assurance in food safety, and in rejoinder, the government has announced regulations to improve food wellbeing and strengthen quality observing. The increasing demand for high-quality agricultural products versus their imperfect supply ultimately results in augmented imports. Some captain product categories, including soybeans and dairy foods, have been comprehensively dependent on imports for voluminous years.

In addition, the Ivory Coast has taken economic growth earnestly and desires to feed its whetted appetite. Ivory Coast’s agriculture sector affords livelihoods to households in rural areas. Self-possessed with the forestry and fisheries, it is one of the largest sponsors to Ivory Coast’s GDP. Agricultural techniques including primitive subsistence farming, intensive maintenance farming, commercial farming and plantation farming as a modified of commercial farming are all present around India. Some states specialize in mounting certain crops commercially, while others cultivate the same crops as a sustenance farming activity. The Ivory Coast government has for decades energetically buttressed the agriculture sector through mechanisms such as fertilizer subsidies, and comfortable lending conditions, amongst others, permitting farmers to have a fair guesstimate of their revenues and plan for the next agricultural season consequently. Through a linkage of public institutions and countless programmes and schemes, Ivory Coast’s federal and regional authorities are wearisome to protect agricultural producers and boost production. Therefore, in the near years, it is anticipated that the market of Ivory Coast agriculture will increase around the globe more effectively over the upcoming years.

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Ivory Coast Agriculture Market

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Emergent Insights of Interferons Global Market Outlook: Ken Research

 Interferons belong to the family of cytokines, a collection of small proteins essential in cell signalling. They are manufactured and supplied by host cells in response to a pathogen's harmful activities. They are usually utilized for treating immune system-related diseases like cancer, hepatitis, ADS, multiple sclerosis, genital and perianal warts, and granulomatous disease. Since these therapeutics openly work on the target, they demonstrate higher efficacy than conventional treatments. So, the versatility of this therapeutic class sorts it one of the preferred treatment choices by medical practitioners, in addition to patients, thereby driving market growing.

According to the analysis, ‘Interferons Global Market Report 2020-30: Covid 19 Implications and Growth’ there are heaps of key players that are operating for the augmenting of the market that has Roche, Merck, Bristol-Myers Squibb, Biogen Inc, Bayer AG, Zydus Cadila, Novartis AG, Pfizer Inc, Biosidus, and Nanogen. Bayer and Curadev Pvt. Ltd., a drug discovery company based mostly in India, have declared a research collaboration and license agreement for Curadev's Stimulator of Interferon Genes (STING) antagonist program. The target of this collaboration between Bayer and Curadev is to determine latest drug candidates for the treatment of lung diseases, cardiovascular diseases and different inflammatory diseases. STING antagonists have large potential for new treatments as STING is known to assist in activating the innate immune system in auto-inflammatory diseases. The pandemic outbreak of corona virus is predicted to drive the expansion of interferons market.

Additionally, this is due to the ongoing trials on numerous drug candidates containing interferons as potential therapeutic choices for covid-19 treatment. Interferon-beta (IFN-beta) could be a naturally happening protein that controls the body's antiviral reactions. The drug regulators as well as the Medicines and Healthcare products Regulatory Agency (MHRA) and Health Research Authority (HRA) have permitted the initiation of trials evaluating interferons. For instance, SNG001 that is an inhalation formulation of interferon-beta-1a that is provided to the lungs directly via nebulization. The global interferons market is predicted to increase from USD 6.9 billion in 2019 to around USD 7.5 billion in 2020 owing to a rise in demand for the usage of interferons along with antiretroviral and anti-malarial drugs in the treatment of Covid-19 patients. The market is predicated to stabilize and reach USD 8.1 billion at a CAGR of 4% during 2023. However, because of the poor stability of interferon-alpha in the gastrointestinal tract, only parenteral administration safeguards bioavailability that is associated with severe side effects. Studies showed that nanoencapsulation of IFN. Within nanoparticles would improve the oral bioavailability of this drug. The use of interferons in combinational therapies, and advent of novel drug delivery systems is therefore predictable to increase the market for interferons. Interferons are also being tested for their usage in the treatment of COVID-19.

The Interferons Global Market has been geographically separated into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the foremost region within the Interferons market in 2019.

Furthermore, Global interferon drugs market is projected to grow at a speedy pace within the next few years owing to the rising incidence of chronic diseases like hepatitis-B, hepatitis-C, cancer and multiple sclerosis, the usage of interferons in combinational therapies, and advent of novel drug distribution systems. Numerous types of interferon (IFN) have been utilized to treat these diseases and a significant growth in treating some of these diseases was the recognition that the clinical effects of IFN drug might be greatly increased by combining it with different drugs. Thus, it is predicted that the Interferons Global Market can increase within approaching years.

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Global Interferons Market

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

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Rapid Pace of Innovations in Electronics Technology Expected To Drive Global General Electrical Equipment and Components Market: Ken Research

 General electrical equipment & components market comprises of sales of general electrical equipment and component by entities (sole traders, organizations, and partnerships) that manufacture the general electrical equipment and component. The general electrical equipment and component includes power converters (alternative current (AC) to direct current (DC) and direct current (DC) to alternative current (AC)), surge suppressors, power supplies and among others.

According to study, “General Electrical Equipment And Components Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global General Electrical Equipment And Components market are STMicroelectronics, Texas Instruments, Vishay Intertechnology, Fairchild Semiconductor, Toshiba Corp., NXP Semiconductors N.V., Hitachi, Infineon Technologies, Panasonic Corporation, Renesas Electric Corporation, Advanced Micro Devices, AMP, EPCOS, Kyocera, Molex, Motorola, Framatome, Hyundai, Murata Manufacturing, NEC, TDK, API Technologies, AVX Corporation, Eaton Corp., Philips Electronics, Samsung Electronics Co Ltd, Datronix Holdings, Fujitsu Component, Analog Devices, Inc., FCI Electronics, Hitachi AIC

Based on product type, general electrical equipment and components market is segmented as household appliances, electric lighting equipment, power generation, batteries, transmission & control, and wires & cables. Based on sales, market is segmented as manufacturer, distributor, and service providers. In addition, based on end-use industry, market is segmented as communication, aerospace, automotive and others.

The general electrical equipment and components market is driven by rapid pace of innovations in electronics technology, followed by growth in technology development and rise in demand for microwave tubes, X-ray tubes, cathode-ray tubes, photoelectric tubes and triodes in display devices. Display devices are the output devices that provide information in visual form. Nowadays, most of the devices are going smart, therefore increasing the growth of display devices. The display devices are creating various opportunities for the growth of electronic component market in a variety of applications such as automotive, military applications, satellite and space technology, internet of things (IoT) and others. However, shortage of electronic components supply and stringent government regulations may impact the market. Government regulations related to environment & product quality considerably affect the electrical equipment manufacturing companies that increase the operating expenses during the supply chain including production, distribution, packaging, and electronic equipment disposal. Moreover, growth in adoption of IoT is a key trend for market. IoT provides communication & connection between the various devices such as smart-phones, fitness watches, and smart meters.

Based on geography, the Asian-Pacific region holds major share in global general electrical equipment and components market owing to presence of largest chip designers, chipmakers and other critical components, which are used in smart-phones, laptops, and internet of things (IoT) applications in the region. The North-American and European regions are estimated to witness higher growth rate due to growth in adoption of tools and devices equipped with smart technology during the forecast period. In 2019, the global general electrical equipment and component market was valued at US $373.73 billion and it is likely to grow at a compound annual growth rate (CAGR) of 8.59% and reach US $519.65 billion by 2023.

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Global General Electrical Equipment and Components Market

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In-Depth Analysis Of The Covid-19 Impact On The Used Car Industry In Indonesia: Ken Research

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The global outbreak of the Covid-19 virus has led to massive disruptions in all industries, especially sectors such as automotive, travel & more. The looming public health crisis has claimed over 2.36 million lives globally as of February 12, 2020, and continues to pose a threat to the lives, livelihoods, and businesses across the world. The emergency approval of some vaccines and the beginning of inoculation drives in various countries worldwide have come as a ray of hope amidst the trying times.

Indonesia is among the top 20 worst Covid-19 hit countries in the world. As of February 12, 2020, the total number of cases of a novel coronavirus in the country reached 1.19 million, with the death toll clocking at 32.3 thousand. Indonesia’s economy, which majorly relies on tourism, apart from agriculture, was severely hit post the outbreak of the virus and travel restrictions imposed across the globe. In the second quarter of 2020, South East Asia’s largest economy contracted by 5.32% after large-scale social restrictions (PSBB) were imposed in various parts of the country.  The economy fell into recession, for the first time since the Asian financial crisis in 1998.

Impact on Auto Sector in Indonesia: The outbreak of Covid-19 caused a disruption in the supply chain and imports and hence, impacted the domestic assembly and production of vehicles. The total vehicle sales in the country nose-dived by over 44% and reached only 578 thousand units by the end of 2020, as compared to over 1 million units sold in 2019. Car sales significantly declined in the second quarter of the year amidst the social restrictions imposed. Post the lifting of movement restrictions and social distancing norms, car sales started picking up and registered a month-on-month growth of 30.4% in September 2020 and were the highest in October 2020, since April 2020.

Change in Consumer Behavior and Preferences: Many consumers deferred their car purchase decision amidst budgetary constraints with the onset of the pandemic. Many buyers preferred going through the used car inventory online or browse through listings, rather than visiting the showrooms. Used car platform, Carro, experienced a 600% increase in demand for certified used cars during the pandemic. The platform offered home test drives as well as the option of purchasing cars completely online. On the other hand, many financing companies also tightened the down payment requirement for used car loans from a minimum of 15-20% pre-covid to up to 30-35% during the pandemic, which consequently affected the used car sales in the country.

Impact on Used Car Sales and Future Outlook: Used car sales followed the trajectory of new car sales and are expected to have declined by over 40% during the whole year 2020. Online listing platforms such as OLX reported a 25-35% decline in the number of listings on the platform, post the pandemic outbreak. Used car inventory with dealers as well as prices also dwindled during the period. On average, the prices of pre-owned cars declined by 5-10%. The sales declined majorly during the second quarter of the year. However, towards the end of the year, sales started to recover, with some dealers reporting 80-90% of the normal sales level. Higher demand for used car financing or loans was observed during the year as the consumer incomes declined.

Steady recovery is expected in 2021 as consumers are likely to prefer private cars instead of public transport for mobility, as a spill-over of the Covid-19 pandemic. MPVs and Hatchbacks are anticipated to be demanded across the country. Used car sales between individuals are also expected to pick up as the traction of online platforms is increasing at a fast pace. Additionally, the online used car market is expected to witness growth due to the shift in the buying preferences of consumers. Dealerships are also expected to jump on the digital bandwagon by increasing their online presence either by partnering with existing auto platforms or by investing in their own dedicated used car sales websites and Instagram pages in order to boost reach as well as sales. This is expected to be coupled with increased value-added services such as longer warranty, after-sales services, and easily used car finance among other offers. Online auto-classified platforms are anticipated to invest in better technologies such as Artificial Intelligence and Virtual Reality to offer services such as online valuation by detecting the car condition via pictures, in a bid to enhance consumer browsing experience and increase their user base. Basis all these factors, Indonesia’s used car market is forecasted to grow at a CAGR of 15.7% on the basis of gross transaction value and 14.2% basis sales volume during the period 2020-2025.

Key Segments Covered: -

Indonesia Used Car Market (On the basis of GTV)

Indonesia Used Car Market (On the basis of Sales Volume)

Indonesia Used Car Market Segmentation (On the basis of Sales Volume)

By Market Structure (On the basis of Sales Volume & GTV)

Organized

Unorganized

By Type of Car

MPVs

Hatchbacks

SUVs

Others

By Brand

Toyota

Honda

Daihatsu

Suzuki

Others

By Vehicle Age

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Mileage

Less than 20,000 Km

20,000-50,000 Km

50,000-80,000 Km

80,000-120,000 Km

More than 120,000 Km

By Regions

DKI Jakarta

East Java

West & Central Java

North Sumatera

Others

By Age Group of Buyers

18-30 Years

30-50 Years

More than 50 Years

Organized Used Car Market

By Sales Channel

Multi-brand Showrooms

OEM-Certified/Authorized Dealership Outlets

Unorganized Used Car Market

By Sales Channel

Customer to Customer (C2C)

Local Dealerships

Dealerships Covered

Mobil88

Toyota Trust (PT Astra Auto Trust)

Hyundai Auto Safe (PT Hyundai Mobil Indonesia)

Suzuki Auto Value (PT Suzuki Indomobil)

Diamond Smart Auto (PT Mitsubishi Motors Krama Yudha Sales Indonesia)

PT Tunas Ridean Tbk

Online Auto-Classifieds/Platforms Covered

OLX Indonesia

Mobil123

Carmudi

Oto.com

Carsome

Carro

Key Target Audience

Car Dealerships

Car Manufacturers

Car-Rental and Leasing Companies

Online Auto Classified Companies

Industry Associations

Regulatory Bodies

Used Car Auction Companies

Banks & NBFCs

Time Period Captured in the Report:-

Historical Period: 2014-2020

Forecast Period:  2021-2025

Key Topics Covered in the Report: -

Macroeconomic Overview and Overall Automotive Demand in Indonesia

Overview and Genesis of Indonesia Used Car Industry

Trends and Growth Drivers in the Industry and Challenges Faced

Indonesia Used Car Market Size and Segmentations, 2014 – 2020

Ecosystem and Value Chain of Used Car Industry

Customer Decision Making Parameters & Brand Perception Mapping

Cross Comparisons between Major Authorized Dealerships and Online Auto-Classifieds/Platforms and Company Profiles

Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on the Industry, the Way Forward & Upcoming Online Business Models

Analyst’s Recommendations

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

Future of Indonesia Used Car Market

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Indonesia Car Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies Backed by Surging Car Sales to Drive Market Growth

Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western)

India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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Increase in Popularity of Internet of Things (IoT) Devices Expected to Drive Global Switching Equipment Market: Ken Research

 Switching equipment market comprises of sales of switching equipment & related services. Switching equipment characterizes as a device that opens & closes electric circuits in general. These are used to build the connections between nodes within a network. Information is shared on establishing a connection between the nodes. The switching equipment industry includes various establishments that manufacture switching equipment including contactors, circuit breakers, switch disconnectors, and disconnectors.

According to study, “Switching Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global switching equipment market are Ericsson, Huawei Technologies, Alcatel-Lucent, ADVA, Ciena Corporation, ZTE, Infinera Corporation, Cisco Systems, Inc, Tellabs, Inc, ADTRAN Inc, Fujitsu Limited, ECI Telecom Ltd, Aliathon Technology Ltd., Huawei Technologies, NEC Corporation, Nokia Siemens, Cyan, BTI, Ekinops, JDS Uniphase Corporation.

Based on product and services, switching equipment market is segmented as digital mobile communication switching equipment, digital telephone switching equipment, IP phone switching equipment, digital data network switching equipment and other switching equipment. Based on end-user, market is segmented as small enterprises, medium enterprises and large enterprises. Based on end-use industry, market is segmented as healthcare, automotive and telecommunications. In addition, based on application, market is segmented as telecommunication providers, enterprise & industrial usage and servers & storage providers.

The switching equipment market is driven by increase in popularity of Internet of Things (IoT) devices among the populace. IoT is becoming popular as people are using smart devices and are generally working on their errands, communication, office work, sending/receiving messages using smart devices, therefore overwriting the traditional way. However, the installation process of network switches is very complex as it involves high accuracy and many sub-processes that may impact the market during the historic period. Installing network switches are very complex because these switches many functions for instance allow connections to multiple devices, manage VLAN security settings, manage ports, and others. Additionally, the degree of complexity is comparatively low when it comes to small network in a home or enterprise. For wide network enterprises, the installation process can take an extended time to get completed. Moreover, growth in Power over Ethernet (PoE) technology is a key trend for network switches. PoE switches reduce clutter and can be used to both smart and managed switches. PoE technology also has the ability for combining the networking and electrical power into one cable and provides the data connection and electrical power to the powered devices. Additionally, PoE installation can provide many benefits such as reliability, flexibility, and cost-efficient.

Based on geography, the North-American is a leading region in global switching equipment market owing to increase in use for various communication networks such as internet, mobile, telephone, telegraph, and optical in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to improved facilities and large-scale network development over the forecast period. It is predicted that future of the global market will be bright as a result of increase in number of mobile phone users during the forecast period. In 2019, the global switching equipment market was valued at US $191.93 billion and it is projected to grow at a compound annual growth rate (CAGR) of 7.36% and reach US $255.02 billion by 2023.

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Global Switching Equipment Market

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Indonesia Used Car Market Outlook to 2025: Ken Research

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The report titled “Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)” provides a comprehensive analysis on the status of the used car industry in Indonesia. The report covers various aspects including the current sales volume & gross transaction value, passenger car ownership in the country, growth facilitators, issues & challenges faced by the industry, and more. Indonesia Used Car Market report concludes with projections for the future of the industry including forecasted sales volume & GTV by 2025, future market segmentation, Covid-19 impact, emerging online used car models, an international case study, and analyst’s take on the future.

Indonesia Used Car Market Overview and Size

The Used Car industry in Indonesia has grown at a CAGR of 4.5% on the basis of gross transaction value over the period 2014-2019 and at a CAGR of 2.0% on the basis of sales volume. The overall economic slowdown, as well as the slowdown of the automotive industry due to a reduction in purchasing power of consumers, contributed to the decline in sales during 2016-2017. The entry of various financing companies in the used car industry, as well as the launch of OEM-certified used car programs, has been the major growth drivers of the industry. A boom in the number of online auto-classified platforms and the traction of the consumers towards online platforms is contributing to the inclining used car sales in the country.

Indonesia Used Car Market Segmentations

By Market Structure: The industry in Indonesia is largely unorganized due to the preference of consumers towards standalone local, independent dealers or the ones located in used car exchanges, along with peer-to-peer sales, facilitated by online auto-classified platforms. The organized market comprises of large multi-brand as well as OEM-certified dealerships.

By Type of Cars: Multi-Purpose Vehicles or MPVs were observed to dominate the used car market on the basis of sales volume as they are suitable for large-sized families. Hatchbacks were found to be the second most preferred type of cars in the country as they are popular as city cars among individuals in tier-1 & some tier-2 cities.

By Brand: Toyota continues to dominate the used car market in Indonesia due to the inclination of the consumers towards the brand. The easy availability of spare parts and a higher residual value of Toyota cars contribute to the higher sales. Honda contributed the second-highest sales volume in 2020.

By Vehicle Age: Five to eight years old cars were observed to dominate the used car sales in the country in 2020. 3-5-year-old vehicles contributed the second-highest sales volume. The average car ownership period in the country ranges between 3-7 years which leads to many cars following in that age group finding their way to the used car market. Many financing companies also offer loans on cars that are up to 5-6 years old.

By Mileage/Kilometers Driven: A large proportion of the used cars sold in 2020 belonged to the category of 50,000-80,000 kilometers. Cars with a mileage of 20,000-50,000 kilometers were also largely preferred by the consumers due to their nearly new look and feel and are also economical. Cars with mileage more than 80,000 kilometers also account for a significant proportion of the used car sales as MPVs usually have a longer useful life and mileage.

By Regions: DKI Jakarta accounted for the highest number of used car sales in the country in 2019 due to the concentration of young working individuals and the urban population in the region. It is one of the most populous regions in the country with the highest passenger car ownership ratio of 405 cars per 1,000 individuals. East Java contributed the second-highest used car sales. Many multi-brand dealers and used car exchanges are located in this region.

By Customer Profile basis Age Group: The majority of the buyers in the used car market were observed to be in the age group 30-50 years. Many young working professionals, families owning multiple cars belong to this age group. The demand for used cars among the age group of 18-30 is also increasing with demand from students and individuals without large families.

Further Segmentation of Organized Market by Sales Channel: The multi-brand dealerships contributed the majority of the sales through the organized channel in the country. These outlets are spread all across the country and are a convenient way of buying a used car with a large inventory and variety of choices at the disposal of the consumer.

Further Segmentation of Unorganized Market by Sales Channel: The majority of the sales through the unorganized channel was identified to have taken place directly through local, independent dealerships that are spread all across the country. The rise of online platforms has also made C2C transactions more convenient and the easy availability of finance is also a contributing factor.

Competitive Landscape of Indonesia Market

The industry is highly fragmented and competitive with >8,000 dealerships operating in the market. Many brands such as Toyota, Hyundai, Suzuki, Mitsubishi, BMW, and Mercedes among others have a certified pre-owned car program in place in the country. Amongst the multi-brand dealerships, Mobill88 was observed to be the largest dealer with 21 branches across the country.  These OEM-certified & multi-brand dealers compete on the basis of parameters such as geographical presence, value-added services offered, financing partners, online presence, after-sales services offered, dealership network, and more.

Indonesia Online Used Car Market

The used car market has witnessed the entry of various online classified portals and marketplaces in recent years. These players follow various different business models and aim to harness the untapped potential of the industry. On the basis of a number of used car listings, OLX Indonesia dominates the market. Some players such as Mobil123 & Carmudi also cater to dealers along with individual sellers and buyers.

Indonesia Used Car Market Future Outlook & Projections

The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing demand from tier-2 cities for personal mobility is expected to drive the growth of the industry. The growing traction towards online platforms is expected to compel dealerships to expand their presence online. Online platforms are expected to leverage the latest technologies such as artificial intelligence & virtual reality to enhance the user browsing experience.

Key Segments Covered: -

Indonesia Used Car Market (On the basis of GTV)

Indonesia Used Car Market (On the basis of Sales Volume)

Indonesia Used Car Market Segmentations (On the basis of Sales Volume)

By Market Structure (On the basis of Sales Volume & GTV)

Organized

Unorganized

By Type of Car

MPVs

Hatchbacks

SUVs

Others

By Brand

Toyota

Honda

Daihatsu

Suzuki

Others

By Vehicle Age

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Mileage

Less than 20,000 Km

20,000-50,000 Km

50,000-80,000 Km

80,000-120,000 Km

More than 120,000 Km

By Regions

DKI Jakarta

East Java

West & Central Java

North Sumatera

Others

By Age Group of Buyers

18-30 Years

30-50 Years

More than 50 Years

Organized Used Car Market

By Sales Channel

Multi-brand Showrooms

OEM-Certified/Authorized Dealership Outlets

Unorganized Used Car Market

By Sales Channel

Customer to Customer (C2C)

Local Dealerships

Dealerships Covered

Mobil88

Toyota Trust (PT Astra Auto Trust)

Hyundai Auto Safe (PT Hyundai Mobil Indonesia)

Suzuki Auto Value (PT Suzuki Indomobil)

Diamond Smart Auto (PT Mitsubishi Motors Krama Yudha Sales Indonesia)

PT Tunas Ridean Tbk

Online Auto-Classifieds/Platforms Covered

OLX Indonesia

Mobil123

Carmudi

Oto.com

Carsome

Carro

Key Target Audience

Car Dealerships

Car Manufacturers

Car-Rental and Leasing Companies

Online Auto Classified Companies

Industry Associations

Regulatory Bodies

Used Car Auction Companies

Banks & NBFCs

Time Period Captured in the Report:-

Historical Period: 2014-2020

Forecast Period:  2021-2025

Key Topics Covered in the Report: -

Macroeconomic Overview and Overall Automotive Demand in Indonesia

Overview and Genesis of Indonesia Used Car Industry

Trends and Growth Drivers in the Industry and Challenges Faced

Indonesia Used Car Market Size and Segmentations, 2014 – 2020

Ecosystem and Value Chain of Used Car Industry

Customer Decision Making Parameters & Brand Perception Mapping

Cross Comparisons between Major Authorized Dealerships and Online Auto-Classifieds/Platforms and Company Profiles

Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on the Industry, the Way Forward & Upcoming Online Business Models

Analyst’s Recommendations

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

Future of Indonesia Used Car Market

Related Reports by Ken Research: -

Indonesia Car Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies Backed by Surging Car Sales to Drive Market Growth

Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western)

India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation

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

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Company Product Positioning

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