Supportive Government Policies Leads Zimbabwe’s Agriculture Market Outlook: Ken Research

The Agriculture has always been of prodigious importance for Zimbabwe, as feeding the world’s largest populace is not a convenient task. The Zimbabwe government has been assisting the agriculture industry with a number of policies, exasperating to stabilize the output and seeking manners to ensure the sector is increasing healthily and sustainably. The Zimbabwe federal government has been greatly supportive of agriculture for decades, and there is wide-ranging political consensus as to the requirement for land, labour and tax reform to support the sector reach its potential.

According to the report analysis, ‘Zimbabwe Agriculture Market Trends, Statistics, Growth, and Forecasts’ states that owing to supportive policies, the agriculture sector’s performance has been enhancing the steadily during recent years. Zimbabwe keeps its foremost rank around the world in terms of farming output, introducing the large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products. The newer strategy calls for more efforts to safeguard the supply of foremost farm products, promoting the supply-side structural reform and, more prominently, improving environmental protection as well as pollution preclusion and waste treatment. Despite the speedy improvement of Zimbabwe’s agriculture segment, problems emerge in relation to a variability of aspects, involving the shrinking arable land, the deteriorating ecological status of atmosphere due to the heavy usage of fertilizers and pesticides, and the issue of food security. There is also much room to enhance in terms of growing the usage of machinery and advanced technologies in the agriculture segment. The country has made efforts to integrate fresh agricultural technologies to advance the sector’s efficiency and augment the land productivity.

Whereas, the high costs and low profits of agricultural introduction are the foremost internal inhibitors of Zimbabwe’s agriculture segment. They are also the primary aspects limiting the growth of farmers’ income and leading to shrinking of the labour force in agriculture. The Food safety has been a foremost concern for Zimbabwe customers, especially concerning farm introduce such as grains, meat, vegetables and seafood. Present scandals have somewhat dampened customers’ confidence in food protection, and in response, the government has established regulations to enhance food safety and strengthen quality monitoring. The growingrequirement for high-quality agricultural products versus their restricted supply ultimately results in augment imports. Some foremost product categories, involving soybeans and dairy foods, have been greatly dependent on imports for many years. Other inhibitors to segment’s growth comprise the ageing workforce with a low level of education and the underdeveloped rural financial services system.

Not only has this, the Zimbabwe government has for decades aggressively supported the agriculture segment through mechanisms such as fertilizer subsidies, and comfortable lending conditions, amongst others, enabling farmers to have a fair prediction of their revenues and plan for the coming agricultural season accordingly. Through a network of public institutions and several programmes and schemes, Zimbabwe’s federal and regional authorities are tiresome to safeguard the agricultural producers and boost production. Therefore, in the near years, it is anticipated that the market of agriculture around the Zimbabwe will increase around the globe more effectively over the inflowing years.

For More Information, refer to below link:-

Zimbabwe Agriculture Market

Related Report:-

Mauritius Agriculture Market Trends, Statistics, Growth, and Forecasts

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

Increase in Prevalence of Covid-19 Cases Expected to Drive Global Temperature Monitoring Devices Market: Ken Research

 Temperature monitoring devices market comprises of the sales of temperature monitoring devices & related services which are used to autonomously record the temperature for particular period of time. These monitors assist in measuring a patient’s temperature during the postoperative care, critical care, shock, surgery, sepsis & infections, fertility & ovulation assessment, treatment of hypothermia & hyperthermia, or in other cases where there is a need to constantly monitor the body temperature. This is generally used for gathering temperature data from the various field conditions & monitoring the shipments in a cold chain.

According to study, “Temperature Monitoring Devices Global Market Report 2020-30: Covid 19 Implications and Growth” the key companies operating in the global temperature monitoring devices market are Cosinuss GmbH, Helen of Troy Limited, 3M Company, Drägerwerk AG & Co. KGaA , Koninklijke Philips N.V,  Terumo Corporation, Welch Allyn, Inc,  Microlife Corporation, Omron Healthcare, C. R. Bard, Microlife Corporation, Novamed USA, Truer Medical, Measurement Specialties, Circa Scientific, Med-link Electronics, Rongrui, Medline Industries, Exsense, Medtronic. Leading companies are focusing on the manufacturing of wearable temperature monitoring devices, which measure the temperature by using the medium like touch and patch. It is connected to the smart devices like tablet and phone that allows the continuous monitoring of temperatures. Products like fit bit, temperature strips, apple watch, temperature patches are widely used for monitoring the temperature.

Based on type, temperature monitoring devices market is segmented as contact-based temperature monitoring devices and non-contact-based temperature monitoring devices. Based on product type, market is segmented as analog temperature monitoring devices and digital temperature monitoring devices. Based on application, market is segmented as rectum, oral cavity, ear and others. In addition, based on end-user, market is segmented as home care settings, healthcare facilities and others.

The temperature monitoring devices market is driven by rise in Covid-19 pandemic, followed by increase in geriatric & pediatric population, surge in number of blood transfusion procedures, increase in awareness of continuous temperature monitoring, growth in constant innovations & technological developments and increase in number of various surgical procedures. However, lack of awareness on non-invasive & continuous monitoring in developing countries and high cost of advanced temperature monitoring devices in developing countries may impact the market. Moreover, increase in research & development (R&D) activities in the healthcare sector, growth in technological advancements, modernization in the healthcare sector and growth in emerging markets are key opportunities for market.

Based on geography, the North-American region holds major share in global temperature monitoring devices market owing to increase in prevalence of Covid-19 cases and presence of major players in the region. The European region holds second-largest position in global market due to increase in number of funding for clinical trials of digital thermometers in the region. The Asian-Pacific region is estimated to witness higher growth rate because of rise in awareness among population about various benefits of temperature monitoring devices during the Covid-19 pandemic over the forecast period. It is anticipated that the global temperature monitoring devices market will be reached at US $3.7 billion at a CAGR of 8.2% by 2023.

For More Information, Click on the Link Below:-

Global Temperature Monitoring Devices Market

Related Report:-

Global Temperature Monitoring Devices Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increasing Insights Of Vietnam Agriculture Market Outlook: Ken Research

Agriculture has always been of pronounced importance for Vietnam, as feeding the realm’s largest population is not a relaxed task. The Vietnam government has been associate the agriculture industry with a number of policies, demanding to alleviate the output and seeking methods to ensure the sector is developing healthily and sustainably. The Vietnam federal government has been decidedly supportive of agriculture for decades, and there is extensive political consensus as to the necessity for land, labour and tax transformation to help the sector reach its probable. Due to helpful policies, the agriculture sector’s routine has been enlightening steadily during recent years. Vietnam keeps its first rank in the globe in terms of farming output, fabricating large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products.

According to the report analysis, ‘Vietnam Agriculture Market Trends, Statistics, Growth, and Forecasts’ states that the region has made efforts to assimilate new agricultural technologies to advance the sector’s productivity and increase land productivity. The extraordinary costs and low profits of agricultural production are the chief internal inhibitors of Vietnam’s agriculture division. They are also the crucial factor hampering the growth of farmers’ income and leading to lessening of the labour force in agriculture. Food shelter has been a maximum concern for Vietnam consumers, especially relating to farm produce such as grains, meat, vegetables and seafood. Recent outrages have somewhat dampened consumers’ assurance in food safety, and in rejoinder, the government has introduced procedures to improve food safety and strengthen eminence monitoring. The increasing mandate for high-quality agricultural products versus their restricted supply ultimately results in enlarged imports.

In addition, the government has approved a number of multi-year policies, such as an inductee to double farmer incomes and become self-sufficient in pulses over an unstipulated short-term period. However, transformation needs to go much bottomless, exclusively considering the fact that during the years to 2050, agriculture is anticipated to make available livelihoods for about half the rural populace, despite ongoing urbanization around the country. Most farmers are promised in low-scale subsistence farming and have a rigid time accessing credit and paying it back. Therefore scarcity and crop holiday years, as well as forsaking farming, or even committing suicide, is pervasive among farmers in the country. Vietnam has taken economic growth utterly and needs to feed its whetted appetite. Vietnam’s agriculture sector offers livelihoods to households across the rural areas. Together with forestry and fisheries, it is one of the chief contributors to Vietnam’s GDP.89

Moreover, the Agricultural methods containing the primitive subsistence farming, exhaustive subsistence farming, commercial farming and plantation farming as a variant of commercial farming are all existing in India. Some states specialize in mounting certain crops commercially, while others cultivate the same crops as a subsistence farming activity. The Vietnam government has for decades enthusiastically supported the agriculture sector through mechanisms such as fertilizer subsidies, and stress-free lending conditions, amongst others, tolerating farmers to have a fair valuation of their revenues and proposal for the next agricultural season accordingly. Through a network of public institutions and countless programmes and schemes, Vietnam’s federal and regional authorities are exasperating to protect agricultural manufacturers and boost production.

For More Information, refer to below link:-

Vietnam Agriculture Market

Related Report:-

Mozambique Agriculture Market Trends, Statistics, Growth, and Forecasts

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

Global Dairy Ingredients Market Growth Rate: Ken Research

 Dairy ingredients are takeout mainly from milk and whey and are utilized to produce dissimilar product forms with a wide range of usage. Such ingredients, give food goods health and safety benefits, taste, and other characteristics. The traditional heat treatment process is utilized to produce dairy ingredients, followed by cooling and addition of flavors, although the modern membrane-separation technique is still working for the same purpose. Dairy ingredients in form of milk powder are supported by extraordinarily low microbiological levels and high heat stability within the formula formulation of infant product and this facilitates long handling times throughout the production of the formula.

According to the analysis, ‘Global Dairy Ingredients Market by Product type (skimmed milk powder, whole milk powder, buttermilk powder); By Application type (Dairy products, bakery and confectionary, infant milk formula, convenience food, sports &clinic nutrition and others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2029’ there are a lot of key players that are operating for the improvement of the market that includes FrieslandCampina, Fonterra Co-Operative Group Limited, Dairy Ingredients Inc, Glanbia PLC, Arla Foods, Aurivo Dairy Ingredients, Dairy Farmers of America, Kellogg, and Other prominent players. For example, In August 2016, PowerBar discharged a brand-namedClean Whey’ a whey product line, containing of two grams of sugar and the absenteeism of the formulation of artificial sweeteners. The expansion of the market is predicted owing to the advent of increasing awareness amongst individuals towards healthy lifestyles and this has managed to a substantial rise in the significance of nutritional enrichment in food and beverages. The world request for dairy products has been powered by an advanced customer perception of public safety, complemented by the multi-faceted application of dairy ingredients, packaged and functional food consumption. However, this increase in trouble by the development of milk merchandise substitutes and by lactose sensitivity and milk allergies. CO2 injections, that have similar functional structures as acid casein were developed to replace potential casein and caseinate ingredients with dairy protein concentrate (MPCs).

The Global Dairy Ingredients market is categorized by Application type and Product type. By application type, it can be categorized into Dairy products, bakery and confectionary, infant milk formula, convenience food, sports &clinic nutrition, and others. By Product type, it can be extra characterized into Skimmed milk powder, Whole milk powder, and Buttermilk powder.

The Global Dairy Ingredients market is considered based on a regional investigation into five major regions. These consist of Asia-Pacific, Europe, North America, Latin America and Middle East & Africa. The Asia Pacific was the main market accounting of total market volume share in 2019 owing to so many amounts of customers present within the region.

Additionally, rising client health and wellbeing issues, technology expansion, and new investigations and skills are aimed at improving applicability. The enhancement of R&D in innovative milk solutions; the growth in the application field, together with confectionery and dairy; and the escalation in urban development increase market development. Recent technological advances like adsorption chromatography have been found to production prebiotic ingredients, providing significant potential for the development of the industry. Thus, it is predicted that the Global Dairy Ingredients market can increase within approaching years.

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

Global Dairy Ingredients Market Growth Rate

Related Report:-

Specialty Food Ingredients Market By Type (Enzymes, Emulsifiers, Flavors, Colorants, Vitamins, Minerals, Antioxidants, and Preservatives) and By Application (Bakery & Confectionery, Beverages, Dairy & Frozen Foods, Convenience Foods, Meat Products, Functional Foods, and Dietary Supplements): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Digital Banking Platform Market Outlook: Ken Research

 Buy Now

Digital banking platform is an important Omnichannel platform that helps banks and financial organizations streamline and manage all their interactions with digital customers. Implementation of those systems mains to increased customer experience delivering creative digital product and services and reducing price whereas supporting banks to gratify regulatory requirements. The developing wave of digital transformation is fuelling demand in the global banking manufacturing for digital banking platforms.

According to the analysis, ‘Digital banking platform Market By Product Type (Corporate Banking, Retail Banking, Investment Banking and Others); By Deployment (Cloud and On-premise); By Application (Tailored-advice, Real-time support, Digital sales, Financial insight, Front office empowerment and Others) and Region – Analysis of Market Size, Share & Trends for 2018 – 2020 and Forecasts to 2030’ there are several key players that are operating for the improvement of the market that encompasses Other Prominent Players, Appway AG (Switzerland), CREALOGIX Holding AG (Switzerland), Technics (US), EdgeVerve Systems Limited (India), TCS (India), Worldline (France), and Fiserv, Inc. (the US). BADF is getting into a relationship with Sopra Banking Tech. As a partner, Sopra will support the company's merchandise launch. Worldline has contracted a strategic partnership with Nordic Finance Innovation (NFI) to increase Nordic countries' position inside the global ecosystem. However, with absent or weak internet connections within the remote areas of underdeveloped or emerging countries, the digital banking platform is facing difficulties to enlarge to all sites and areas. Many people in such areas do not even have the smartphones or consumer electronics merchandises to utilize the available apps or the digital services provided by the banks and they are the people which necessity such survives the most due to banks being too far. Lack of technological infrastructure and less consciousness regarding digital banking in some countries are confining the market expansion.

On the idea of product type, the Digital Banking Platform market is supported into product type, Deployment, and Application. On the origin of Product type, the Digital banking Platform market is characterized into Retail Banking, Corporate Banking, Investment Banking, and Others. On the idea of Deployment, the Digital banking Platform market is characterized by Cloud and On-premise. On the basis of Application, the Digital Banking Platform market is categorized as Real-time support, Front office empowerment, financial insight, Digital sales, Tailored-advice, and others.

The Digital Banking Platform market is categorized based on a regional investigation into five major regions. These consist of North America, Latin America, Europe, APAC, and MENA. Owing to the involvement of main players and the fast acceptance of the new technologies in the trade, North America is expected to hold the foremost share in the revenue. The early acceptance of developing technology within the banking sector drives the regional market. On the other hand, it is predictable that Asia Pacific would additionally display sturdy growth owing to booming IT infrastructure and weighty investment from the region's private and public players.

Furthermore, the proliferation of sensible devices, easy internet connectivity, IoT innovation, and Artificial Intelligence has full-grown exponentially, contributing to an accumulative essential for mobile / digital-first banking strategy. The paradigm shift of banks from conventional networks to digital and automated platforms mains numerous benefits ranging from increased productivity to cost savings and extended chances for revenues. Besides this, the rising technological progressions in cloud computing and storage technology have increased the influence of cloud-based digital banking platforms within recent years that have created additional chances for digital banking platforms. An advanced and sophisticated digital banking platform is extremely flexible and permits several different banking services to be included in a great interactive user interface (UI) or customer experience way. The factor is comprehensively responsible, globally, for high business momentum towards digital banking. Thus, it is predicted that the Digital Banking Platform market can increase within approaching years.

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

Global Digital Banking Platform Market

Related Report:-

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

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Covid-19 Impact On Global Peptic Ulcer Drugs Industry: Ken Research

 Buy Now

Gastrointestinal conditions such as gastritis, gastric ulcers, and duodenal ulcers or gastro-esophageal reflux disease (GERD) are mentioned as peptic ulcers. Drugs utilized to treat peptic ulcers comprise drugs that deduction the secretion of gastric ulcers, such as antagonists of the PPI and H2 receptors and acid neutralization agents likewise antacids, and antibiotics against H. Pylori. Such medications, however, are also utilized in conjunction with efficacious treatment.

According to the report analysis, ‘COVID-19 Impact on Global Peptic Ulcer Drugs Market by Disease Indication (Gastric Ulcers, Duodenal Ulcers, and Esophageal Ulcers); By Application (Hospital Pharmacies, Drug Stores, Retail Stores and Online Sales) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that worldwide Peptic Ulcer Drugs Market size was accounted at USD 4.9 billion during 2019 and is projected to reach USD 6.8 billion by 2030, accounting a CAGR of 3.17 % from 2020 to 2030. The proficient growth in the prevalence of peptic ulcers, growing the implementation of peptic ulcer drugs over surgery, interesting R&D through government policies, growing the number of generic producers of peptic ulcer drugs, enhancements in disease management, etc., are aspects driving the growth of the worldwide peptic ulcer market. Also, aspects such as the augmented prevalence of stress-induced ulcers owing to transforming the lifestyle and diet augmented the smoking rates, and progressive the geriatric populace is projected to facilitate the expansion of the worldwide market for peptic ulcer drugs.

Although, the Global pandemic COVID-19 has become worldwide stress, not just for human lives, but also for industries around the dissimilar industry verticals. The COVID-19 syndromes have infected numerous million individuals globally, with an augmenting the number of active cases daily, the duration of the pandemic is still problematic to project. Owing to the ongoing COVID-19 pandemic-an acute respiratory distress syndrome progressed by the novel coronavirus-the most unparalleled organizational and economic situations have increased. Also, a substantial amount of time is required to establish and market successful treatment choices for this new COVID-19 pathogen. During the coming quarters of 2020 and 2021, these amalgamated difficulties of infection transmission and treatment are projected to delay the diagnosis and cure of GI disease. Decreased physician and hospital visits owing to prioritization of COVID-19 care for non-indispensable health problems would limit the market development. Owing to the availability of COVID-19 vaccines, the market for peptic ulcer medications is projected to rebound to pre-pandemic market requirements during 2021. This will demonstrate the COVID-19 pandemic in terms of recovering improved and emerging economies. Also, local governments arrange healthcare services to meet the complications of COVID-19, which is also predicted to slow the pace of the requirement for peptic ulcer medications during the short term.

Not only has this, but the worldwide market share of peptic ulcer medications has also been propelled by North America, and this trend is projected to continue over the review period. Augmented usage of non-steroidal anti-inflammatory drugs (NSAIDs) such as aspirin and augmented awareness of peptic ulcer treatment options are aspects that are projected to drive the growth of the North American market for peptic ulcer drugs. The second-largest share of the requirement for peptic ulcer drugs in Europe is majorly owing to the simple obtainability of effective treatment choices for peptic ulcers in the country. Therefore, in the near years, it is predicted that the market of peptic ulcer drugs will augment around the globe more progressively over the upcoming years.

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

Global Peptic Ulcer Drugs Market Analysis

Related Report:-

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

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Incidence of Infectious Diseases Expected to Drive Global Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) market: Ken Research

 Polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing market comprises of sales of PCR, real time PCR testing services & related products. Polymerase chain reaction (PCR) & Real time Polymerase chain reaction (PCR) testing establishments construct, develop/deploy the related devices, reagents & services, to detect or measure the DNA (or RNA) in a sample. It finds its applications in mutation testing, cloning, genotyping, sequencing, paternity testing, and microarrays.

Early detection plays a vital role in treating Covid-19 patients. Real time RT-PCR technique is an extremely sensitive & specific testing method that can deliver the reliable diagnosis in as fast as three hours. Real time RT-PCR is considerably faster and has a lower potential for contamination as the entire process is within the closed tube. Hence, it is considered to be the most precise method available for detection of the corona-virus or Covid-19. This has created massive demand for PCR testing kits.

According to study, “Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) Testing Global Market Report 2020-30: Covid 19 Implications and Growth” the key companies operating in the global Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) market are Biomerieux Sa, Bio-Rad Laboratories, Abbott Laboratories, Agilent Technologies Inc., F.Hoffmann-La Roche Ltd (Roche Diagnostics), Thermo Fisher Scientific, Inc., Qiagen N.V., Genmark Diagnostics, General Electric Company (Ge Healthcare), Luminex Corporation, Danaher, Becton Dickinson And Company, Meridian Bioscience.

Based on offering, Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) market is segregated as assay, instruments, panels & consumables, reagents, accessories and software.  Based on application, market is segregated as microRNA analysis, virus & bacterial analysis, fish species detection and microplasma species detection. In addition, based on end-user, market is segregated as pharmaceuticals, healthcare, agriculture and others.

The Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR)  market is driven by increase in population base for chronic disease patients, followed by growth in technological advancements in the field of life science, rise in incidence of infectious disease & genetic disorders and increase in public-private funds, investments, and grants for PCR-based research. However, high cost of PCR instruments and development of alternative technologies may impact the market. Moreover, rise in shift from plant-derived to genome-based drug discovery and increase in market penetration in emerging countries is key opportunities for market.

Based on geography, the North-American region dominates the global Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) market owing to strong presence of major PCR manufacturers and rise in demand for rapid diagnostic tests in the region. The Asian-Pacific and North-American regions are estimated to witness higher growth rate due to increase in the patient pool due to occurrence of chronic & infectious diseases over the forecast period. It is predicted that future of the global market will be bright as a result of expansion of its application areas coupled with increase is accuracy & precision during the forecast period. It is also predicted that the global Polymerase Chain Reaction (PCR) And Real-time Polymerase Chain Reaction (PCR) market will be reached at US $10.1 billion by 2023, at a CAGR of 7.9%.

For More Information, Click on the Link Below:-

Global Polymerase Chain Reaction (PCR) and Real-time Polymerase Chain Reaction (PCR) Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Influx of Online Used Car Platforms and Financing Companies Escalating the Growth of Used Car Industry in Indonesia: Ken Research

 Buy Now

Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Mobil123, OLX Autos, Carsome, Carro, and more. The internet penetration in Indonesia stood at ~73% in 2019, highlighting the growing presence of consumers online. The majority of the leads for offline dealerships were also observed to be generated online. The traction towards online platforms has led to brands & local dealerships partnering with these platforms to list their used car inventory online.

Concentration of Sales in Jakarta: The majority of the used car transactions were concentrated in Jakarta, the region being home to a large urban population. The province also had the highest passenger car ownership in the country with 405 cars for every 1,000 individuals, way above the national average of 69 cars per 1,000 persons. Many multi-brand, as well as OEM-certified dealerships, also have multiple showrooms spread over the region.

Traction towards Family Cars: Large-sized family cars or MPVs dominate the used car industry in Indonesia. Toyota Innova & Avanza, Daihatsu Xenia, Honda Mobilio, Suzuki Ertiga were observed to be some of the best-selling models. In major tier-1 cities, the demand for small city-cars or hatchbacks such as Toyota Agya, Honda Jazz & Brio, and Daihatsu Ayla among others is also increasing due to the shift towards nuclear families.

Impact of COVID-19 on Used Car Sales: COVID-19 has severely impacted the automotive industry in Indonesia. The number of new cars sold in the country in 2020 reached 528 thousand, a decline of over 44%. The used car industry also witnessed a similar downfall in sales due to the lockdown and social distancing norms imposed during the beginning of the pandemic. ~68% of the used car showrooms remained shut or were open only on an appointment basis from May to June 2020. Used car inventory with dealers as well as prices also dwindled during the period. However, towards the end of the year sales, started to recover with some dealers reporting 80-90% of the normal sales level. Easy availability of used car loans and higher prices of new cars are expected to lead to the recovery of the industry in 2021.

Analysts at Ken Research in their latest publication “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)” observed that the used cars market in Indonesia witnessed improvement in the used to new car sales ratio over the period 2014-2020. Increasing value-added service offerings, the rising presence of online classified platforms and marketplaces as well a large number of financing companies offering credit for used cars are contributing to the industry’s growth. The Used Car Industry in Indonesia is expected to grow at a CAGR of ~15.7% on the basis of gross transaction value and ~14.2% on the basis of sales volume over the forecast 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

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

Know About The Market Trends With Our Due Diligence Services: Ken Research

The due diligence is an investigation, audit, or forecast the functioned to ensure the aspects of a matter under consideration. Around the financial world, the due diligence demands an examination of the financial records before welcoming a determined transaction with another party.

Ken Research is performed due diligence by the corporates considering obtaining other corporates as well as by the equity research, analysts, fund managers, broker-dealers and the individual investors. In addition, the Due diligence of Ken Research frequently means scrutinizing the annual reports, SEC filings and beholding at all the information about the securities of a corporate. The aim of our due diligence is to scrutinize the relevant actualities about the company or business before purchasing it, in order to avoid losses and to understand the opportunity of profitability in the similar business. It does not only include scrutinizing the annual reports, but the auditor can also go and talk to the employees to find out if the corporate is in a good state or not.

Under the equity transaction support advisory services, Ken Research significantly aid clients to be pitch-ready by considerate their fund necessity and business model and craft collateral requisite for fund raising or for business sale/ acquisition. We curates and distributes following deliverable:

Information Memorandum.

Conundrum for Initial Investor Interest.

Financial Operating and Business Model with the Scenario Scrutiny.

Exit Plans for Investors.

Nonetheless, Ken Research proficiently help you in How To Select A Vendor Qualification Criteria as our Due diligence work is multi-layered twisted from the perspective of vendor selection based on admissibility checklist, client testimonial and case studies/ feedback, financial health information We assist the international firms to appreciate deeper about their partners on trade union incursion, management background, hiring progression and growth, leverage on the balance sheet, support services check and eminence management in pre and post sales method.

Although, the most essential profit of acquiring our services of due diligence is to prevention losses or fraud. Before obtaining a business, if a person obtain our services of due diligence, then the person will have the knowledge about the business, and he will be capable to figure out if obtaining the similar is profitable or not. Nonetheless, with our due diligence, a person can find out about the hidden aspects of that corporate and can be more cautions before getting into the final transaction. Moreover, our due diligence also effectively helps enhance the reputation of the corporate in the market as it supports to clear the status of the corporate.

Due diligence is an essential factor in the growth of the corporate. It is essential for every business to function the due diligence time to time, and as it is a long and time-consuming procedure, it is essential to hire someone who is a professional for the similar. Here in Ken Research, we convey you with all kinds of accounting services and if you require help and assistance of any kind, feel free to contact us.

For More Information, refer to below link:-

How To Seek Potential Investment In Business

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

Global Commercial Shipbuilding Comprehensive Market Outlook: Ken Research

 Buy Now

Commercial Shipbuilding is a procedure of shipbuilding along with floating vessels, particularly for commercial determinations. The building process takes place within a particular building, i.e. Shipyards also known as shipbuilders, by specialized experts. There are many types of shipbuilding on the market, namely: container ships, tankers, fishing vessels, specialist ships, and passenger ships.

According to the analysis, ‘Commercial Shipbuilding Comprehensive Market by Product type (Cargo ships, Tankers, Fishing Boats, Specialist Ships, Passenger Ships and Others); by Application (Cargo Transport, Passenger Transport and Others); by Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Analysis of market share, size & trends for 2016-19 and forecasts to 2030’ there is a lot of key players that are working for the augmentation of the market that contains General Dynamics Corp, Tsuneishi Shipbuilding, Hyundai Samho, Oshima Shipbuilding, Daewoo Shipbuilding, Samsung Heavy Industry, Hyundai Heavy Industry, BAE Systems Plc, Mitsubishi Heavy Industry, and Others. In October 2019, Samsung Heavy Industries has taken the lead in the large-scale vessels market by bagging orders for ultra-large containerships, valued at more than KRW 1 trillion. The market is predicted to grow owing to many reasons. The main driving forces of the market are predicted to be factors like rising maritime-borne commerce, increasing disposable incomes, well-organized energy utilization, latest mergers, and increasing demand for environmentally-friendly ships. Furthermore, the escalating number of passenger sailing is expected to fuel the expansion of the commercial shipbuilding market. Associated with enhanced FDI, increased customer buying power, and rising population in emerging economies have enhanced the request for commercial shipbuilding. Additionally, quick industrial growth and economic liberalization have enhanced the amount of trade between countries. Shipping has appeared as pocket-friendly and emits fewer carbon units. However, as the amount of players has enhanced within the shipbuilding market, there has been an important rise in competition that poses a serious threat to the other rivals’ expansion in the market. The innovation of the latest technologies and fuel-efficient methods are likely to gain more attention in the forecast period.

On the basis of product type, the commercial shipbuilding market is segmented into Cargo ships, Tankers, Fishing Boats, Specialist Ships, Passenger Ships, and Others. On the basis of application, the global commercial shipbuilding market is categorized into cargo transport, passenger transport, and others.

The global commercial shipbuilding market is categorized on the origin of regional analysis into five major regions. These consist of North America, Latin America, Europe, Asia-Pacific, and the remainder of the world is confidential as Middle-East and Africa. North America and Europe held the main market share in 2019 owing to the presence of numerous vendors. But for many factors, the Asia-Pacific region is seeing quick market expansion, like rising regional maritime transportation, enhancing the standard of living, and numerous policies implemented for developments in AI technology.

Furthermore, the enhancement in the maritime transportation of goods, humans, and different things is one of the main factors that are increasing the commercial shipbuilding market. Moreover, after the LPG improvements, there has been quick industrialization, and trade policies have become quite liberal pushing the volume of international trade. Foreign direct investments have enhanced significantly which has helped people to earn more and enhance their standard of living. These factors coupled with important innovations in the shipbuilding market will drive the expansion of the market crazily.

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

Global Commercial Shipbuilding Comprehensive Market

Related Report:-

Global Commercial Shipbuilding Comprehensive Market By Product Type (CargoShips, Tankers, Fishing Boats, Specialist Ships, Passenger Ships and Others); By Application (Cargo Transport, Passenger Transport and Others); By Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) -Analysis of market share, size & trends for 2016-19 and forecasts to 2030

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249