Increase in Export Activities Expected to Drive Russia Agriculture Market: Ken Research

The agriculture sector of Russia country is the most steadily developing sector of the national economy. Country’s most important crops are sunflower oil, grains and corn. Russia country is a world champion for the export of wheat & buckwheat and amongst the top ten in terms of the export of many other crops. The country has also exporting a variety of livestock products and value-added food products. Country also produces & exports many other food products for instance barley, meat, dairy products, fish, fruit and nuts. In addition to country’s current agricultural production capabilities, climate change may make various millions of additional acres in northern-Russia available for farming. This, combined with the planned expansions of country’s export infrastructure, increase export markets and a considered increase of fertilizer use, could increasingly place it in a position of global agriculture sector leadership.

According to study, “Russia Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Russia agriculture market are Karelian Surimi Plant, Rusflot Petroleum Company, Diamond Rain Group, East Way Ltd., Baltic Cranberry Corporation, Russneft Consultancy (Affiliated To Russneft Company), Donskoy Tabak Jsc, The New People Co., Ltd., Sun-nsk, Republican Supply Base Prohladnenskaya, Ussuriyskiy Balsam, Legion Co. Ltd., Solna, Jj-group, Rosex Ltd., Huston Commerce LLC, Polikor Ltd., Ambar ug. Co. Ltd., Cfc Company Limited, Bashkir Forest Industry Company, Kursk Grain Product Complex, International Potash Company – Ipc, Health&herbs, Odionn-fish, Enbima Group, Taikan Co., Ltd. The key manufacturers continue ramping up own production, in their usual & new categories, taking niches previously occupied by imports. In addition, the weak ruble makes Russian goods lucrative & competitive in the foreign markets, opening up innovative opportunities for domestic enterprises.

The Russian food products are exported around the globe for example Russian grains are exported to more than 120 countries. Key export destinations for Russian grains are mainly the Middle East, the North Africa, and the South Caucasas.  Additionally, key export destinations for Russian sunflower oil are the China, Turkey, CIS countries, Egypt and Iran.

The Russia agriculture market is driven by rise in global temperatures that may melt snow currently covering huge areas of potential farmland. Some other major growth factors are increase in production capacity, massive source of food demand, possibility of great economic integration with China and increase in export activities. However, weakened economic condition owing to low oil prices & weak rouble may impact the market. Moreover, increase in investments in farming companies, investments in the financial sector that can increase the existing agriculture sector financing sources, increase in investing in company or investment funds with the agriculture-driven infrastructure strategies, including roads, ports, and logistics centers are key opportunities for market. Furthermore, surge in investment in companies whose business models are based on the agriculture sector inputs such as agriculture equipment, agriculture machinery, and fertilizers is a major trend for market.

The Russian agriculture sector has the potential to grow considerably in the years to come. In addition to having key significance for global food supply, this will create various investment opportunities for the global agriculture sector investors.

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Russia Agriculture Market

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Malaysia Agriculture Market Trends, Statistics, Growth, and Forecasts

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Increase in Prevalence of Thrombosis Expected to Drive Global Antithrombotic Drugs Market: Ken Research

 Antithrombotic drugs are special drugs that help to prevent the formation of thrombus or clot. These drugs are used to reduce the formation of blood clots by reducing the capability of body to form a blood clot. Antithrombotic drugs act by preventing the production of vitamin K in the liver. Anticoagulant, antiplatelet, and thrombolytic agents are different types of antithrombotic agents that act by different clotting processes. Arterial & venous thrombosis, two types of thrombosis, can be treated with the antithrombotic drugs.

According to study, “Antithrombotic Drugs Global Market Opportunities And Strategies To 2030” the key companies operating in the global antithrombotic drugs market are Mylan N.V., Aspen Holdings, Sanofi, Pfizer Inc, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company., Hebei Changshan Biochemical Pharmaceutical Co. Ltd., Eisai Co., Ltd., Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Novartis AG, OPOCRIN S.P.A, Nanjing Jianyou Biochemical Pharmaceutical Co., Ltd., SARIA SE & Co. KG, Shenzhen Hepalink Pharmaceutical Group Co., Ltd., Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Shenzhen Techdow Pharmaceutical Co., Ltd, Yino Pharma Limited, Teva Pharmaceutical Industries Ltd., and others.

Based on product type, antithrombotic drugs market is segmented as anti-fibrinolytics drugs, anti-coagulant drugs, and anti-platelet drug and others. Based on drug class, market is segmented as heparin, dabigatran, apixaban, rivaroxaban, fondaparinux, and others. Based on route of administration, market is segmented as injectable and oral. Based on application, market is segmented as blood clot & thromboembolic treatment drugs, hyperlipidemia treatment, prophylactic treatment and other applications. Based on distribution channel, market is segmented as online pharmacy, hospital pharmacy, retail pharmacy and others. In addition, based on end-users, market is segmented as homecare, hospitals, specialty centers and others.

The antithrombotic drugs market is driven by rise in demand for novel oral anticoagulants, followed by growth in ageing population, increase in prevalence of thrombosis, growth in developments in the pharmaceutical industry and increase in prevalence of cardiac & hereditary diseases. However, high cost & side effects of antithrombotic drugs and stringent regulatory policies may impact the market.

Based on geography, the North-American region dominates the global antithrombotic drugs market owing to increase in prevalence of cardiovascular & blood-related diseases and growth in development of new drugs in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to presence of high population based countries and presence of global marketed players over the forecast period. It is predicted that future of the global market will be bright as a result of increase in research & development (R&D) activities for new drug development and up-gradation in antithrombotic drug as well as the innovative product launches during the forecast period. The global antithrombotic drugs market reached approximately US $35,801.9 million in 2019 and is anticipated to grow at a CAGR of 7.7% to nearly US $44,702.6 million by 2022. The market is probable to growth to US $55,172.2 million in 2025 at a CAGR of 7.3% and to US $72,996.5 million in 2030 at a CAGR of 5.8%.

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Global Antithrombotic Drugs Market

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Global Antithrombotic Drugs 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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Rise in Demand for Timber and Palm Oil Expected to Drive Malaysia Agriculture Market: Ken Research

Agriculture sector is an important sector of Malaysia's economy. There are mainly 3 crops are produced including palm oil, rubber and cocoa. Additionally, country’s farmers produce a number of fruits & vegetables for the domestic market such as bananas, pineapples, coconuts, durian, cabbage, cucumber, long beans, tomato, chilli, okra, spinach, rice, rambutan and others. Country’s tropical climate is extremely favorable for the production of a variety of exotic fruits & vegetables. Rice is the staple food in the everyday diet of Malaysian citizens and it is a symbol of traditional Malay culture. However, production of rice does not satisfy the country's requirements, and Malaysia imports rice from neighboring countries like Vietnam and Thailand.

Malaysia is the world’s second major palm oil producer & exporter after Indonesia country. Country’s palm oil companies have big presence in Indonesia and have invested in palm oil refineries in leading markets such as India, China, Europe, and the United States.  Many of largest & most successful companies are palm oil agricultural estate enterprises where the state holds a tenure share. The US has been a major importer of Malaysian palm oil. Country’s palm oil industry representatives are highly critical of U.S. interests & policies.  In addition, several key US products are responsible for the new record, including processed vegetables, soybeans, processed fruit, tree nuts, and prepared foods.

According to study, “Malaysia Agriculture Market Trends, Statistics, Growth, and Forecasts” key companies operating in the Malaysia agriculture market are DBE Gurney Resources Berhad, Rhone Ma Holdings Berhad, Leong Hup International Berhad, QL Resources Berhad, Teo Seng Capital Berhad, Bahvest Resources Berhad, Lay Hong Berhad, CAB Cakaran Corporation Berhad, TPC Plus Berhad and PWF Consolidated Berhad.

The Malaysia agriculture market is driven by increase in consumption of rice, followed by increase in government initiatives and rise in demand of timber for building, furniture and construction. However, high feed prices, shortages of arable land, and a lack of quality breeds may impact the market.

Malaysia has been following a self-sufficiency level (SSL) policy in the fruit & vegetables for several years. The key agencies for this policy and for development of the sub-sector are the Ministry of Agriculture and Agro-based Industry (MOA) and its Department of Agriculture (DoA), Image result for FAMA in Malaysia, the Federal Agricultural Marketing Authority (FAMA) that monitors, coordinates and develops the product marketing while also purchasing the harvested fruits, Board of Farmers Organization, the Malaysian Agriculture Research & Development Institute (MARDI), and the Malaysian Pineapple Industry Board (MPIB). The state Agrobank is also a leading source of financing for the largely small & medium sized farms in the business.

The impact of climate change is likely to be an increasingly pressing subject for the sector. It is estimated that future of the Malaysia agriculture market will be bright on account of increase in application of new technologies & methods along with growth in development of rural infrastructure during the forecast period. Malaysia country’s efforts to achieve the self-sufficiency, establish a greater food security and its investment in technologies have put it on firm footing for the future growth.

For More Information, refer to below link:-

Malaysia Agriculture Market

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Growth Of Global Teledermatology Market Outlook: Ken Research

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Teledermatology is a groundbreaking approach of conveying dermatology services, covering remote locations impartially and allowing dermatologists or primary care practitioners to assist patients by mentioning them to local dermatology centers. It can be approved out in real-time utilizing video-conferencing devices and store-and-forward approaches in two manners. One can store the relocated photographs and videos of a patient's clinical history. More clinical patient data can be delivered by real-time teledermatology.

Store and forward methods have superior diagnostic precision associated to video assistance consultation and are also inexpensive for the health care wage-earner, but demand more time to deliver a diagnosis. Video conferencing is utilized majorly for conferences on medical cases and for educational determinations.

According to the report analysis, ‘COVID-19 Impact on Global Tele dermatology Market By Component (Software and Services); By End User (Providers, Payers, Patients and Other End Users); By Application (Tele-radiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology and Other Applications) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that Global Tele Dermatology Market size was enumerated at USD 5.25 billion during 2019 and is predicted to reach USD 13.48 billion by 2030, accounting a CAGR of 9.15% from 2020 to 2030. One of the foremost reasons for embracing teledermatology services and contributing in the telemedicine industry is government efforts to minimalize healthcare costs and enlarge specialty healthcare. The project would fill the digital divide and support to familiarize the high-speed internet to organizations comprising colleges, hospitals, and government agencies. Such interventions will support the advancement of teledermatology over the predicted span. The improvement of the telecommunications and IT segment would dramatically advance the growth of the worldwide teledermatology industry. The effective growth in the trends in online education and distant consulting have given an enhancement to the industry, as many institutions deliver online consulting and education podiums. Several private health consulting firms also play noteworthy roles worldwide in providing diagnostic services.

Meanwhile, the Global pandemic COVID-19 has become international anxiety, not just for human lives, but also for industries crosswise changed industry verticals. The COVID-19 disease has infected quite a few million people globally, with a collective number of active cases daily, the extent of the pandemic is still challenging to predict. To account for the rapid spread of the sickness, governments across the world are obliged to take stringent steps to restrain the spread of the syndrome.

As a result, the rigorous lockdowns and social distancing activities familiarized worldwide compelled individuals to stay indoors. This has positively not been the case for teledermatology firms, although the epidemic has had a challenging bearing on many industries. For the growth of the entire Global Teledermatology Market in the past few months, the augment in the usage of concepts such as telehealth and telemedicine has boded well.

The fresh technological advancements in the worldwide Teledermatology Market, as well as the great production output of the product by foremost players, are likely to augment the market growth. In the telecommunications industry, speedy advances such as the launch of 4 G LTE and further studies have also delivered numerous opportunities for the worldwide Teledermatology Market. Around the developing nations, teledermatology is introduced principally to plug the void in cost-effectiveness and specialty treatment. Therefore, in the near years, it is predicted that the market of teledermatology will increase around the globe more effectively over the upcoming years.

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

Global Tele Dermatology Market Growth Rate

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Ankur Gupta, Head Marketing & Communications

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Trends In Global Oncology Drugs Market Outlook: Ken Research

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Oncology is an area of cancer science and care. Cancer is a sickness in which abnormal cells enlarge and divide uninhibited. Drugs oncology is accommodating in the aid of cancer diagnosis. Tobacco and smoking, infectious syndromes, genetic factors, carcinogens, bacterial infections, physical activity, dietary habits, and age are some of the causes of cancer. Blood cancer, endocrine cancer, prostate cancer, bone cancer, skin cancer, genitourinary cancer, gastrointestinal cancer, breast cancer, eye cancer, head and neck cancer, and gynecological cancer are all distinct procedures of cancer that can be preserved with oncology medicines.

According to the report analysis, ‘COVID-19 Impact on Global Oncology Drugs Market By Indication (Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Esophagus Cancer, Cervical Cancer, Kidney Cancer, Bladder Cancer and Other Cancers); By Type (Chemotherapy, Targeted Therapy, Immunotherapy and Hormonal Therapy) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that Worldwide Oncology Drugs Market size was enumerated at USD 86.67 billion during 2019 and is predicted to reach USD 321.69 billion by 2030, dominating a CAGR of 13.12% from 2020 to 2030. Technological innovation, augmented occurrence of dissimilar types of cancers, the augmented requirement for cancer research and development activities, and augmenting concerns about high cancer death rates are propelling the oncology drug market. Furthermore, the launch of fresh cancer medicines and treatments and government funding for advancing the healthcare conditions are probable to propel the oncology drug market.

Owing to increasing cancer awareness around the area and increasing R&D spending, the APAC oncology drug market has great growth potential. Moreover, this area delivers tremendous opportunities for venture capitalists and investors, as the recognized markets are comparatively saturated. Also, some other aspects underwriting to the growth of the cancer drug market in this location are the augment in disposable income; the increment in research, improvement, and innovation activities; and the augment in awareness related to several cancers. Also, the well-known prevalence around the countries such as Japan of certain cancers, such as stomach cancer, and the occurrence of a large geriatric populace are propelling the market growth in this area.

Worldwide pandemic COVID-19 has become worldwide stress, not just for human lives, but also for industries around the different 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. The epidemic of COVID-19 has had a positive impression internationally on the requirement for oncology drugs. Concerning emergency COVID-19, some purchaser segments have witnessed an increase in requirements for medicines. Amongst cancer patients in the midst of a lockout, panic purchasing of drugs has been seen. In this sector, the pharmaceutical corporates have dramatically reinforced their supply chain management, improved their R&D capabilities, and contributed more to their production management and quality control. Therefore, in the near years, it is predicted that the worldwide oncology drugs market will increase augment more effectively over the coming years.

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

Global Oncology Drugs Market Analysis

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Pharmaceutical Drugs Global Market Opportunities And Strategies To 2021 Including: Musculoskeletal Disorders Drugs, Cardiovascular Drugs, Oncology Drugs, Anti-Infective Drugs, Metabolic Disorder Drugs, Central Nervous System Drugs, Genito-Urinary Drugs, Respiratory Diseases Drugs, Gastrointestinal Drugs, Hematology Drugs, Dermatology Drugs, Ophthalmology Drugs. Covering: Novartis AG, Sanofi S.A., Pfizer Inc. and Gilead Sciences Inc.

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Labor Crisis and High Labor Wage Rates have Rapidly Increased the Agricultural Mechanization in Vietnam: Ken Research

Increasing Labor Wages: In 2020, Vietnam increased its minimum wage by an average of 5.7%. The new rates came into effect in January and range from USD 140 to USD 148in smaller provinces and suburban districts. This increase is higher in urban areas such as Ho Chi Minh and Hanoi. As a result, farmers have started shifting to agricultural machinery which is time efficient as compared to manual labor. Renting a combine harvester is approximately 3 times cheaper than hiring labour for per hectare of produce in some areas.

Climatic Conditions: As the daytime temperatures become unbearable, rice farmers in Vietnam have no other option but to work in their fields at night. Due to changing climatic conditions, the temperature in Vietnam has been rising by 1-2žC every year. The highest temperature was recorded last year at 43.4 žC (110 žF) in Ha Tinh province in central Vietnam. In such a situation, mechanized farm operations help farmers mitigate/adapt to climate risk by carrying out farming operations in a short duration or suitable window.

Increasing number of Free Trade Agreements Hamper Domestic Manufacturing: As a result of FTA, import of agricultural machinery in Vietnam has amplified remarkably. Consequently, many players don’t prefer establishing a manufacturing facility in Vietnam due to 0% import tariffs. This has caused a problem for the domestic manufacturers as they have higher product cost especially as compared to Chinese manufacturers. In addition to the same, due to lack of solid base in metallurgical operations, the domestic producers are not able to provide the same quality as that of Japanese or a Korean product.

Impact of COVID-19 on Vietnam Agricultural Equipment Industry: COVID-19 has severely impacted the agricultural equipment market in Vietnam. In Q1 and Q2, due to supply chain disruptions and decrease in farming activities, companies observed a decline in demand of tractors, combine harvesters or rice transplanters in terms of domestic sales leading to an overall decline in the market. The imposed lockdown in the country, decline of manufacturing and import and movement of transport impacted the industry adversely. In addition to this, closure of dealerships and retail stores led to decline in domestic agricultural machinery sales.

Analysts at Ken Research in their latest publication “Vietnam Agricultural Machinery Market Outlook To 2025 – Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Below 12 HP, 12HP-35HP, And Above 35HP, By Region: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Red River Delta and South East),   Combine Harvester Market,  Rice Transplanters Market and Agriculture Implements Market (By Product Type: Rotavator, Plough, Harrow,  Fertilizer Spreaders and Others)”observed that Vietnam is a growing agricultural machinery market in South East Asia and is slowly recovering from the economic crisis after pandemic. The increasing credit availability in the country along exemption in taxes is driving the growth of the industry. Increasing focus on promotional and marketing activities, new product launches, partnerships & collaborations are expected to drive the industry in the future. The Vietnam Agricultural Machinery is expected to grow at a CAGR of 6.4% on the basis of sales revenue over the forecast period 2020-2025.

Key Segments Covered:-

By Product Type

Tractors (2W and 4W)

Combine Harvesters

Rice Transplanter

Implements

By Tractor Segment

Upto 12 Hp

Between 12-35 Hp

Above 35 Hp

By Region of Sales

Mekong Delta

Red River Delta

Northern Midlands and Mountains

North Central and Central Coast

Central Highlands

South East

By Implement Segment

Rotavator

Plough

Harrow

Fertilizer Spreaders

Others

Companies Covered:-

Kubota Vietnam

Yanmar Vietnam

VEAM (Vietnam Engine and Agricultural Machinery Corporation)

Thaco (LS Mtron)

Key Target Audience:-

Agricultural Equipment Companies

New Market Entrants- Domestic OEMs

New Market Entrants- Foreign OEMs

Agricultural Equipment Financing Companies

Government Bodies

Investors & Venture Capital Firms

Agricultural Equipment Manufacturers

Agricultural Equipment Distributors

Agricultural Equipment Associations

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2021-2025

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

Vietnam Agricultural Machinery Market

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Europe Agriculture Equipment Market Outlook to 2023 - By Type (Tractors, Harvesting Equipment, Soil Preparation and Cultivation Equipment, Haymaking Equipment, Crop Protection Equipment, Transport and Handling Equipments and Other Agricultural Equipment); and By Major Countries (Germany, France, Italy, UK, Poland, Spain and Others)

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global 3D Printing Metal Materials Market Outlook: Ken Research

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3D Metal printing is also well-known for metal preservative production. This is a fabrication method utilized to manufacture complex structures and lesser designs. The invention of 3D printing metal has supported manufacturer affluence in the design and construction of multifaceted structures that would not have been conceivable without the usage of the traditional production approaches. 3D printing metal is a producing technique in which handling is carried out layer by layer and, thus; production precision is often advanced to a greater degree. Most commonly, this technique requirements only metal powder that can be utilized to manufacture dissimilar portions and components according to the producers' demands. Special machines prevail that are talented of creating such complex structures. They have to function under human control though.

According to the report analysis, ‘Metal Materials for 3D Printing Market By form type (powder and filament); By metal type (titanium, aluminum, nickel, stainless steel and others); By end user (medical, automotive, aerospace and defense and others); and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that the growth of the worldwide requirement for 3D printing metals is mainly owing to their increasing usage in the aerospace and automotive industries.3D printing in aircraft production allows the manufacture of greatly complex, lightweight structures. In the automotive industry, it supports the design of automotive components with composite geometries, which is difficult utilizing the conventional approaches. Furthermore, the increasing usage of 3D printing metals in the healthcare industry in the production of medical implants is also projected to fuel worldwide market growth over the forecast duration. It also supports design implants that suit the patient's anatomy perfectly; it is faster and more reasonable than conventional approaches.

The growth of the worldwide requirement for 3D printing metals is majorly owing to their rising usage in the aerospace and automotive industries. The 3D printing in aircraft manufacturing allows the manufacture of greatly complex, lightweight structures. In the automotive industry, it supports design automotive components with multifaceted geometries, which is difficult utilizing the conventional approaches. Furthermore, the growing usage of 3D printing metals around the healthcare industry in the manufacture of medical implants is also projected to fuel worldwide market growth over the review period. It also supports design implants that suit the patient's anatomy faultlessly; it is quicker and more inexpensive than conventional methodologies.

Additionally, with a great share, the Asia-Pacific market registered the worldwide demand for 3D printing metals and is predicted to be the fastest-growing market throughout the forecast era. Increasing investment in the region's building and improvement, healthcare, and customer electronics industries is projected to propel regional requirement growth over the review period. China is the world's leading producer and customer of 3D printing metals. Around Asia-Pacific, the market for 3D printing metals is moderately strong compared with the other regions. Market growth for Asia-Pacific is also owing to the emergence of underdeveloped countries like India and China. The major reason behind the growth of the market for 3D printing metals is that such countries are growing at a speedy pace in terms of populace and economy, resulting in per capita consumption growth in the end.

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

Global 3D Printing Metal Materials Market Analysis

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Global Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Access to Electricity Expected to Drive Global Household Appliances Market: Ken Research

 Household appliances are devices & equipments that have been produced to augment the comfort levels of consumers and also provide comfort in household activities for instance cooking, storage, entertainment, cleaning, washing. Based on their functions & capabilities they are either fixed or mobile. They are categorized into three sub-categories: small household appliances, major household appliances or white goods, and consumer electronics. Small household appliances include semi-portable & portable machines that are usually used on platforms such as table tops and counter-tops. Some of these appliances are blenders, clothes steamers & iron, air purifiers, humidifiers & de-humidifiers, electric kettle & coffee machines, and others. Major household appliances are large home appliances, which are commonly used for regular housekeeping tasks such as food preservation, cooking, washing laundry, and others. Additionally, consumer electronic appliances include various devices used for entertainment, and home-office activities such as music system, TVs and others.

Referring to study, “Household Appliances Global Market Opportunities And Strategies To 2023” some of the key companies that are currently working in the global household appliances market are Qingdao Haier Co., Ltd. (Haier), Midea Group Co., Ltd. (Midea), Sharp Corporation (Sharp), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Hitachi, Ltd., LG Electronics Inc. (LG), AB Electrolux, Panasonic Corporation (Panasonic), and Whirlpool Corporation.

Based on product type, household appliances market is segmented as entertainment & information appliances, air conditioner & heater, refrigerator, cleaning appliance, washing machine, cook top, cooking range, microwave & oven and others. Energy star rated refrigerators holds major share in global market as they are installed with efficient compressors, insulation, and defrosting features that assist to improve their energy efficiency. Thus, manufacturers invest in research & development (R&D) to innovate energy-efficient products owing to surge in demand for such appliances. In addition, based on distribution channel, market is segmented as e-commerce, supermarket & hypermarket, specialty stores and others. The E-Commerce segment is likely to witness higher growth rate due to high penetration of internet & smart-phone and growth in technological advancements during the forecast period.

The household appliances market is driven by increase in access to electricity, followed by increase in urbanization, rise in disposable income, participation of females in paid work force, decreased time for household activity and upsurge in affordability of household appliances. However, availability of counterfeit brands may impact the market. Moreover, growth in technological advancements, investing in developing economies and growth in e-commerce sales are key opportunities for market.

Based on geography, the North-American region holds major share in global household appliances market owing to high product penetration in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to low interest rates, good economic situation, increase in household income, rise in middle-class population, easy access to consumer finance, easy access to goods through development of retail channels, and change in lifestyles of the population over the forecast period. It is predicted that future of the global market will be bright as a result of increase in demand for premium built-in or integrated appliances for instance ovens, with integrated steam function, integrated hob extractors, flexible induction hobs, and built-in dishwasher among others during the forecast period. It is also predicted that global household appliances market will be reached at US $433.4 billion by 2023, at a CAGR of 8.9%.

For More Information, Click on the Link Below:-

Global Household Appliances Market

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Household Appliances Global Market Opportunities and Strategies to 2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Future of Global E-Clinical Solutions Market: Ken Research

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The E-Clinical solutions syndicate clinical technology and observe and are utilized through data processing and data analysis to simplify the clinical development procedure. In addition to augmenting the number of CROs and life sciences organizations, the increasing trend of outsourcing clinical trials to contract research organizations (CROs) is dignified to support the industry obtain considerable momentum during the coming years.

Aspects such as growing the number of clinical trials, augmenting the implementation of technological solutions throughout clinical trials, growing the requirement for better data standardization, augmenting the need for data processing and observing and research intensification, and expenditure on growth by pharmaceutical and biotechnology corporates are propelling the market. The growth of the industry is further propelled by the enlargement of clinical trial outsourcing, the extension of government grants to fund clinical research, and the strengthening of IT budgets for drug production.

According to the report analysis, ‘Global E-Clinical solutions Market: Market Segments: By Product Type (CTMS, eCOA, Analytics, RTMS, eTMF, Safety, CDMS, EDC); By Delivery Mode (On-Demand, On-premise, Cloud-based; ByEnd-User (CROs, Hospitals, Pharma/Biopharma Companies); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that the foremost aspects characterizing the market growth are augmenting the R&D activities by biopharmaceutical and pharmaceutical corporates, increasing expenditure on the production of clinical trials, the burden of chronic syndromes, and increased implementation of smart devices for healthcare management.

Whereas, the worldwide E-Clinical Solutions Market is categorized by end-users into pharmaceutical and biopharmaceutical corporates, contract research organizations, consulting service corporates, medical, device manufacturers, hospitals, and academic research institutions.  The several usages of E-Clinical solutions improve the performance of clinical trials and diminution the total expense and time comprised in the production of drugs. These recompenses have resulted in an augment in the pharmaceutical and biopharmaceutical companies' implementation of automated technology for medicines.

In addition, around the developed economies such as the United States, the existence of a strict regulatory framework for clinical trials and an augmented need for protection monitoring also plays a vigorous role in the implementation of E-Clinical solutions in addition to this, throughout the review period, growing government grants for substantiated trials, and increasing the end-user base for E-Clinical solutions is probable to fuel the market.

Not only has this, the Global E-Clinical Solutions The market is categorized based on regional analysis into five foremost regions. These include North America, Latin America, Europe, APAC, and MENA. The worldwide E-Clinical Solutions Market in North America controlled the largest market share during the year 2019. The increasing target population, coupled with the pervasiveness of lifestyle-related syndromes such as diabetes and heart disease is poised to motivate the growth of E-Clinical solutions in the regional market. Also, the position of foremost players and the availability of advanced infrastructure is probable to emphasize the growth of the regional market. Therefore, in the coming duration, it is predicted that the market of E-clinical solutions will increase around the globe more effectively over the upcoming years.

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

Global E-Clinical Solutions Market Growth

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

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Future Growth of Indonesia Used Car Market: Ken Research

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How The Indonesia Used Car Market Positioned?

Indonesia is one of the largest automotive and used car markets in Southeast Asia. It is home to many OEMs having production and assembling plants in the country. The number of vehicles domestically manufactured reached ~ million units whereas the number of locally produced passenger cars reached ~ units.  The passenger car ownership ratio in the country is however relatively less at ~ cars per 1,000 individuals as compared to its neighboring countries Malaysia and Thailand with ~ and ~ per 1,000 individuals respectively in 2019. The used car sales in the country have also been inclining over the period 2014-2019. The growing urban population and disposable income among the working population are contributing to the growth of the used car industry.

The used to new car ratio in the country has improved from ~ in 2014 to ~ in 2020. The used car sales basis volume in units witnessed a CAGR of ~% over the period 2014-2019, crossing ~ million units in 2019. On the basis of gross transaction value, the industry grew from USD ~ billion in 2014 to USD ~ billion in 2019. The industry declined during 2016-2017 owing to the economic and automotive industry slowdown during the period. After recovery in 2018-2019, the industry was again hit a roadblock in 2020 amidst the Covid-19 pandemic, which significantly impacted the used car sales, prices, and inventory with the dealers. The easy availability of financing options, on the other hand, has aided the industry’s growth.

Indonesia Used Car Market Segmentation

By Market Structure: The used car industry in Indonesia was identified to be largely unorganized due to the preference towards local, independent dealers. Multi-brand & OEM-certified dealerships contributed to the sales volume in the organized market.

Organized Market Segmentation

By Sales Channel: Multi-brand dealers accounted for the maximum used car sales in the country. OEM-certified dealerships have relatively less traction in the industry.

Unorganized Market Segmentation

By Sales Channel: Used Car sales through independent dealerships were analyzed to dominate the market as they are spread all across the country.

By Type of Car: MPVs were analyzed to account for maximum used car sales in-country in 2020 and are popular among various types of consumers, particularly large-families. Toyota Innova & Avanza, Daihatsu Xenia, and Honda Mobilio were observed to be the best-selling models in the category. There is also growing traction towards Hatchbacks or city cars.

By Brand: There is a high demand for Japanese cars in Indonesia. Toyota & Honda continue to dominate the used car sales in the country due to better residual value to these brands & easy availability of spare parts. MPVs & Hatchbacks are the most popular car types sold for both of these brands. Other brands popular in the country include Daihatsu, Suzuki, and Nissan among others.

Indonesia Used Market Segmentation

By Vehicle Age: A large proportion of the used cars sold in 2020 were observed to be 5-8 years old. The average car ownership period in the country is around 3-7 years due to which many cars falling in that age group are popular in the used car market.

By Mileage/Kilometers Driven:  Cars with a mileage between 50,000-80,000 km accounted for maximum used car sales in the country, followed by 20,000-50,000 km.

By Region: DKI Jakarta accounted for the highest used car sales in the country in 2020. The large presence of urban population in the region, including working population, & higher disposable income contributed to the high demand. East Java accounted for the second-highest used car sales volume. The region is home to a large number of used car exchanges and independent & multi-brand dealerships

By Customer Profile basis Age Group: The majority of the used car buyers in the country were observed to fall under the age bracket of 30-55 years. This age group largely includes large families having multiple cars, working professionals & more. The demand from younger people in the age group 18-30 years is also increasing rapidly, particularly students and individuals in tier-1 & tier-2 cities.

Competition Scenario In Indonesia Used Car Market

The used car industry in Indonesia is highly competitive with over 8,000+ dealerships operating in the space. Both multi-brand & OEM-certified/authorized dealerships are operating in the market and each focuses on the geographical presence and value-added services offered as a key parameter to distinguish themselves. The review period also saw many online auto-classified platforms and marketplaces entering the market. These platforms focus on increasing consumer engagement, the number of listings, and onboarding more dealers on their platform.

Indonesia Used Car Market Future Outlook And Projections

 The used car market in Indonesia is expected to grow at a CAGR of ~% on the basis of gross transaction value and ~% on the basis of sales volume over the forecast period 2020-2025F. The market is expected to witness growth post-COVID-19 from 2021 and sales are expected to recover. Companies are expected to focus on a wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to compete with online platforms and boost their used car sales. The forecast period is also expected to witness growth in the demand for Hatchbacks and SUVs in the country.

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

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