Increased Internet Penetration and Availability of Multiple Channels Helps Increase the Sales of Used Car in Thailand: Ken Research

 Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offerings attractive. Digital platform provide online services such as photos and videos and instant finance which are drawing more customers into buying used cars.

The Concerns about Health from Using Public Transportation:  Due to the onset of corona virus, public transport and ride sharing are no longer considered to be a safe option. Nowadays, more people are concerned about health and risk for severe illness from the virus, and as a result, used car is an alternative for prevent getting and spreading COVID-19 to keep social distance. In addition to the same, with the decrease in purchasing power, new vehicles are not considered to be economical option which makes used car a perfect choice for customers with limited budget.

Supply Gut Leads to Higher Prices of Used Cars: Due to the moratorium period provided by the Government of Thailand during the pandemic, banks cannot repossess car from loan defaulters. This has led to a supply disruption in the used car market. Also, since rental companies are facing a downward trend, they are unwilling to sell their cars at a lower price. The combined effect of both has led to an increased price of used car which may hamper the sales in the future.

Impact on Used Car Sales due to Covid-19: The demand for used cars decreased during the corona virus pandemic. This was due to low supply and also due to closure of OEM dealerships and Local Tents during lockdown. This was further fuelled by decrease in purchasing power which led to postponing of new and used car purchases. Also, Thailand has recently recovered from a political and economical instability which has led to a decline in supply. Apart from sales issues, used car companies experienced cash flow difficulties due to the fact that most of the banks were not repossessing cars. The demand for used cars in the country remained low at the starting of 2020, however there was increase in demand in the second half of the year post ease in confinement. The manufacturers are expected to shift focus towards digital medium in order to drive sales and increase customer footfall.

Analysts at Ken Research in their latest publication “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” observed that Thailand is a growing used car 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 Thailand Used Car Market is expected to grow at a CAGR of 7.3% on the basis of GTV over the forecast period 2020-2025.

Key Segments Covered

By Market Type

C2C

B2C/OEM organized

Multi Brand Organized Dealer

Multi Brand Unorganized Dealer

OEM Organized

Auction

By Car Segment

Hatchback

1 ton pickup

Sedan

MPV, HPV/Mini MPV

SUV

By Region

Bangkok

North East

North

South

East

West

By Kilometers Driven

Less than 20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Age of Buyers

20-30 Years

30-50 Years

Above 50 Years

By Source of Lead

Online (Social Media/Car Portals/Official Website)

Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

Toyota Sure Thailand

Honda Used Certified Thailand

Mitsubishi Diamond Used Car

Nissan Intelligence

Mercedes Certified

Volvo

Companies Covered (Online Portals)

ICar Asia (One2Car, Thaicar, Autospinn)

Carsome Thailand

Carro Thailand

Key Target Audience

Used Car Companies

OEMs

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Distributors Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2021-2025

Key Topics Covered in the Report

Executive Summary

Research Methodology

Thailand Used Car Market Overview

Thailand Used Car Market Size, 2014-2020

Thailand Used Car Market Segmentation, 2020

Growth Drivers in Thailand Used Car Market

Issues and Challenges in Thailand Used Car Market

Regulatory Framework

Snapshots on Used Car Financing

Snapshot on Auction Market

Snapshot on Used Bike Market

Ecosystem and Value Chain of Used Car Industry in Thailand

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2021-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

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

Used Car Market in Thailand

Related Reports by Ken Research

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)

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)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase Business Profitability by Adopting Procurement Strategies: Ken Research

Procurement Market Research majorly refers to the method or act of locating or gaining services for a company or business. Company largely uses the term procurement referring to the actual purchasing of goods or services in the business, while others refer to the entire method or process which helps in the purchase.

As the name suggests, Procurement involves two companies or entities; namely buyer and seller. But it is the act of buying is largely called as procurement and not the actions of the seller.

Procurement is usually a part of the input to a company that then uses the goods or services procured in the making of their own final product. This makes it a very vital function of any business. It is important to the success of the buyer’s business to procure the best quality of goods or services procured at the most competitive rates.

Some of the key activities that procurement involves include:

• Supplier Identification
• Supplier Shortlisting for RFP Process
• NDA Approval & Technical Documentation
• Detailed RFP Process
• Supplier Evaluation & Recommendations

Ken Research’s Procurement and Supply Chain Intelligence aid procurement teams globally, to manage fast evolving supply-demand situations, disruptive trends, consolidating diverse information sources with an objective of streamlining supply chain dynamics for companies. Also, our company provides the Best Cost Country Sourcing Model for its client to ease down the process of procurement and enable the client to increase its profitability in the business.

Our company closely works with the team of our clients and assist them with a tailor made solution which will enable them to address specific client issues, perspectives and budgets.

Our company has a forte in conducting the Manufacturing Procurement Research coupled with the end-user segments and the availability of suppliers across various geographies. The procurement strategy adopted by our company in the manufacturing sector helps the client by suggesting various strategies such as Raw Material Sourcing Strategy and Raw Material Pricing Analysis which will provide the industrial equipment manufacturers to have a number of opportunities to increase their profit margins and achieve improved cost savings through optimized procurement in manufacturing industry.

On the other hand, Ken Research also offers client support in Supply Chain Practice and solutions as well; as the company has a huge employee base of analysts at its place around the globe which enables them to offer an added advantage to its clients that the company is 24hrs working and always ready to take query of its client and helps them in assisting all sorts of ways available to them.

Therefore, a client can seek for the best result driven projects through Ken Research and can easily over power the job to our end. Some of the major solutions which have been offered by our company include category diagnosis, supplier benchmarking, procurement analytics, risk analytics, support services and many more. Also, our company provides its expertise in major sectors such as Metal and Alloys, Plastics and Composites, Agro Commodities, Energy and Utilities, Engineering and Construction, Flexible Packaging Industry and Process Speciality, Logistics and Warehousing, Pharma Material and Formulations, and many more.

For more info @ Procurement Market Research

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Saw Blades Market Research Report: Ken Research

The report forecast global Saw Blades market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025.

The report offers detailed coverage of Saw Blades industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Saw Blades by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Saw Blades market for 2015-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Oceania], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Saw Blades according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Saw Blades company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Global Market by company, Type, Application & Geography

Part 3-4:

Asia-Pacific Market by Type, Application & Geography

Part 5-6:

Europe Market by Type, Application & Geography

Part 7-8:

North America Market by Type, Application & Geography

Part 9-10:

South America Market by Type, Application & Geography

Part 11-12:

Middle East & Africa Market by Type, Application & Geography

Part 13:

Company information, Sales, Cost, Margin etc.

Part 14:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Oceania]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Freud

LEUCO

KANEFUSE

BOSUN

AKE

Pilana

Tangsaw

Goldtol

Hebei Xingshuo Saw

Leitz tooling

SUGIYAMA

L.S. Starrett

Forezienne

Skilsaw

Sun Rising Tools

Fengtai Manufacture

Heixuanfeng Saw

Market by Type

Steel blades

High-speed steel blades

Diamond blades

Market by Application

Wood

Plastic

Metal

For More Information, refer to below link:-

Global Saw Blades Market

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

Adopt All Measures To Improve Areas Of Weakness With Our Customer Satisfaction Survey: Ken Research

Customer satisfaction should be a priority for any business regardless to which industry you belong. If you don’t care about your consumers, don’t expect them to become loyal to your brand. Sad, but this is the truth. The speed you believe it, the better it would be for your business. The exceptional services can win your consumer’s heart and make you a brand within your target audience. During the recent scenario, social media networking podiums play an energetic role in consumer experience management. It is considered as an outstanding research tool for understanding the issues in the customer journey and a channel for improving the entire consumer experience. At Ken Research, the Customer satisfaction surveys enable the companies to develop products strategically, optimize user experience, and deliver exactly what the market requirements.

The consumer satisfaction survey can deliver you with the prominent competitive benefits, which can directly result in augmented growth. It is designed to support businesses understand what consumers think about their products, services or brand to obtain the deeper understanding of whether or not you’re meeting the consumer’s expectation. Consumer satisfaction surveys enable corporates to solve the issues with the products and/or services to utilize the user experience and convey exactly what the market requirements to obtain the best consumer satisfaction. Customer satisfaction surveys deliver firms precise information about positive and negative perceptions, which could develop the marketing or sales efforts.

The survey of Ken Research is very much simple and cost-effective manner to gain feedback which can propel improvement within the business. We can tell you a lot about your business, comprising your strength and weaknesses, and detailed opinions can deliver you a competitive advantage. A customer experience survey might be worthless unless it generates statistical data that can be scientifically analysed. The first step to improving a meaningful online survey is to establish intended objectives and a procedure for comparing results. Employees accountable for analysing survey results should have some background in statistics to make the survey evocative. When drafting survey questions, as much detail as conceivable should be included in the questionnaire, along with a position for independent consumers comments.

Although, all the information obtained from our survey is utilized by organizations to develop the quality of their products and services. Feedbacks from consumers through such customer experience survey can support organizations to address issues and take measures immediately of issues they were not aware of. Thus, such a customer satisfaction survey where customers are asked about the products of a survey supports to improve the entire performance and prosperity of an organization.

If survey results lead to a plan to develop the weak areas of operation, a follow-up survey can be utilized to measure whether transforms worked. Information can again be analysed and compared to previous feedback. It is also appreciated to let your consumers know you’re endeavouring to make developments and to thank them for their help. Our satisfaction surveys also disclose data that can be utilized to gauge projected customer satisfaction rates of competitors.

The survey of Top Customer Satisfaction Research Companies such as Ken Research encourages consumers to share their opinions and views about your products. Consumers generally share their views in the social networking sites that are not within your reach but from such surveys you can obtain all the valuable information affecting to your products and services from consumers. The key behind any efficacious business is to generate and follow practices to obtain new customers as well as retain the prevailing ones. Sharing customer satisfaction surveys not only presents how much you care about their opinions but also delivers a platform to employ with them.

Ken Research conducted surveys over a period of time supports an organization to monitor the performance of an employed program. Through such surveys you can measure the outcome of programs calculated and implemented. In all the surveys, you can ask the similar questions to determine the results and measure the progress. From our survey, you can get the view point of the consumers and you can utilize that information to train your employees so that they follow a customer-centric method for the improvement of the organization. In addition, our Customer Satisfaction surveys supports your customers to remain trustworthy by listening to their feedback and taking every single step to develop their brand image. In this digital era, where consumers need more attention than ever, staying linked—be it through surveys or other means—is crucial in keeping your consumers loyal.

Every business wants to generate a memorable experience for their customers across multiple channels. If they encounter any bad involvements, then take it as an occasion to know the reasons behind their dissatisfaction and implement appropriate measures to eliminate them. This is why you require gathering feedback from them to understand what you can do contrarily to improve their experience with your brand and can set you apart from your challengers.

Surveys are the best podiums for consumers to share their genuine feedback and experience with you directly. In case if you come across some unsatisfied customers in the survey outcomes, utilize it as an opportunity to transform them into your promoters. Now that you know the foremost benefits of directing a Customer Satisfaction Survey, it’s time to implement them for your business growth.

Customer satisfaction survey organizations such as Ken Research live and breathe surveys. At Ken Research customer survey project managed by the professional can convey you with the confidence in your research and results so that you can fully understand your consumers’ requirement and aim on making such key decisions. We would also support you to gather data in the most effective manner through survey questionnaires and survey administration. With the support of survey analytics, design the products and convey service for the consumers and gain an insight about stakeholders.

For More Information, refer to below link:-

Customer Feedback Survey

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

Global Electronic Printed Circuit Board (PCB) Market, Electronic Printed Circuit Board (PCB) Industry: Ken Research

Electronic Printed Circuit Boards (PCBs) are specific building block of most-modern electronic devices. PCBs comprise of printed pathways that connect different components on the PCB for instance transistors, Programmable Logic Controller (PLCs), resistors, electrolytic capacitors and integrated circuits. PCB is used in various automotive applications including power relays, digital displays, antilock brake systems, audio systems, battery control systems, engine timing systems, and many more functions. Electronic PCBs are used in a variety of ways in the automotive industry and have changed the way that individual drive. Requirement for PCBs is increasing because vehicle owners & drivers demand more accessories in vehicles. PCBs are used in car or truck must be highly reliable & long-lasting.

Printed circuit boards are used in many automotive applications like safety & security features, anti-lock brake systems, control engines, ECU systems and GPS navigation systems. Electronic PCBs can be programmed to perform many system essential commands irrespective of their sizes.

Referring to study, “Global Electronic Printed Circuit Board (PCB) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the renowned companies operating in the global electronic PCB market include Daeduck Group, Young Poong Group., AT&S, Junda Electronic, Unimicron, Tripod, SEMCO, Ibiden, TTM, ZDT, HannStar Board (GBM), SEI, Nanya PCB, Shinko Electric Ind, Viasystems, Compeq, Ellington, Redboard, AT&S, CCTC, Shennan Circuits, Kinwong, Wuzhou Group, Aoshikang and among others.

By type, electronic PCB market can be bifurcated into rigid 1-2Sided, IC Substrate, Rigid Flex, HDI/Microvia/Build-Up, Flexible Circuits and others. The HDI/microvia/build-up segment is projected to witness higher CAGR throughout the forecast period. HDI PCBs have superior circuit density as compared to the conventional circuit boards. In addition, HDI technology allows the creators to place one or more components on both sides of raw electronic PCBs by providing multiple options. These essential features are propelling the growth of HDI/Microvia/Build-Up segment in the global electronic printed circuit board market. Additionally, by application, market can be bifurcated into automotive, computer, industrial/medical, communications, military/aerospace, consumer electronics and others. The consumer electronics segment dominates the global market owing to rise in usage of electronic PCB in calculators, large circuit boards, smartphones, remote control units, and smartwatches and among others.

The electronic PCB market is driven by rapid urbanization, followed by growth in consumer electronics sector, rise in living standards, increase in electric vehicles sales, growth in population, increase in disposable income and growth in production capacities. Apart from this, failure in the function of electronic PCB may impact the market. Moreover, growth in adoption of digitization & modernization in the medical sector is a leading opportunity for market.

Based on regional analysis, the North-America region dominates the global electronic PCB market owing to growth in technological advancements in healthcare devices and industrial automation across the region. The Asia-Pacific and Europe regions are predicted to witness higher growth rate as a result of rise in demand for high-speed data & signal transmission over the forecast period. It is projected that global electronic PCB market will be reached at rapid pace on account of advancement in automotive electronics, and miniaturization of PCBs during the forecast period.

For More Information, refer to below link:-

Global Electronic Printed Circuit Board (PCB) Market

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

Thailand Used Car Market Outlook to 2025: Ken Research

The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of new cars in the country, target audience, growth facilitators, issues & challenges faced by the industry, and other aspects. Thailand Used Car Industry report concludes with projections for future of the industry including forecasted sales revenue and volume by 2025, market segmentations, Covid-19 impact and analysts’ take on the future.

Thailand Used Car Market Overview and Size:

Thailand Used Car sector is in the maturity phase, growing at a CAGR of 1.8% during 2014-2020. Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue. Another major driver is the drop in use of public transport due to the pandemic and need for private vehicle.

Thailand Used Car Market Segmentations

By Market Type (C2C, B2C/OEM, and Auction): B2C/OEM Organized market dominated the used car industry in Thailand in 2020 on

The basis of value and volume. The presence of major OEM is concentrated in the Bangkok, Vicinity and Tier-2/Tier-3 cities; However, Multibrand dealers are present throughout the country, both online and offline.

By Type of Car: 1 Ton pickup truck dominates the market. This is majorly due to the fact that it has both commercial and personal utility. Also, the taxes on these vehicles are low as compared to sedan and economical cars as majority of these vehicles are bought by farmers.

By Kilometers Driven: Cars with running of 80,000- 120,000 kilometers dominate the market. This is mainly due to the reason that 1 ton pickup trucks constitute the most of the market. As they have commercial usage the odometer reading in the vehicles of the country is quiet high.

By Ownership Period: Since the finance for used and new car is readily available in the country the ownership period of the cars has been decreasing. Majority of the market share is acquired by cars having age of 5-8 years

By Region: Used car are majorly concentrated in Bangkok due to higher purchasing power as compared to other regions. The Northeastern region has the second highest used car sales volume due to strong economic growth from increasing cross-border trade supported by the presence of special economic zones

Snapshot on Online Used Two Wheeler Landscape

The online used car market has been emerging with the rise in the popularity of e-commerce platforms in the country. The growth of online advertising, which has fuelled the rise of online classified platforms such as iCar Asia, Car Some, Carro and others have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services. The Overall Online Market is expected to Increase at a double Digit Positive CAGR during the period 2020-2025.

Competitive Landscape of Thailand Used Car Market

Used Car Market in Thailand has been dominated by B2C and OEM Dealerships which has captured a share of majority share in the sales volume of used cars during 2020. In the OEM segment, Toyota and Honda together account for majority of market. Both foreign as well as domestic companies are present in the market. These players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion.

Thailand Used Car Future Outlook & Projections

The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing need for use of private vehicle in order to avoid public transport is expected to fuel the sales of used cars. The sales of economical cars are also expected to increase over the forecast period. The Used Car Market is expected to witness investment in promotional and marketing activities and also strategic partnerships of domestic and foreign players. 

Key Segments Covered

By Market Type

C2C

B2C/OEM organized

Multi Brand Organized Dealer

Multi Brand Unorganized Dealer

OEM Organized

Auction

By Car Segment

Hatchback

1 ton pickup

Sedan

MPV, HPV/Mini MPV

SUV

By Region

Bangkok

North East

North

South

East

West

By Kilometers Driven

Less than 20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

Less than 1 year

1-3 years

3-5 years

5-8 years

More than 8 years

By Age of Buyers

20-30 Years

30-50 Years

Above 50 Years

By Source of Lead

Online (Social Media/Car Portals/Official Website)

Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

Toyota Sure Thailand

Honda Used Certified Thailand

Mitsubishi Diamond Used Car

Nissan Intelligence

Mercedes Certified

Volvo

Companies Covered (Online Portals)

ICar Asia (One2Car, Thaicar, Autospinn)

Carsome Thailand

Carro Thailand

Key Target Audience

Used Car Companies

OEMs

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Distributors Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2021-2025

Key Topics Covered in the Report

Executive Summary

Research Methodology

Thailand Used Car Market Overview

Thailand Used Car Market Size, 2014-2020

Thailand Used Car Market Segmentation, 2020

Growth Drivers in Thailand Used Car Market

Issues and Challenges in Thailand Used Car Market

Regulatory Framework

Snapshots on Used Car Financing

Snapshot on Auction Market

Snapshot on Used Bike Market

Ecosystem and Value Chain of Used Car Industry in Thailand

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2021-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

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

Thailand Used Car Market

Related Reports by Ken Research

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)

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)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Profitable Insights of Industrial Gas Market Outlook: Ken Research

 The industrial gas market involves of the sales of industrial gases by many entities (organizations, sole traders or partnerships) that produce industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also mentioned to as bulk gases or commodity gases.

According to the report analysis, ‘Industrial Gas Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that Air Liquide; The Linde Group; Praxair, Inc.; Air Products and Chemicals Inc.; Mitsubishi Chemical Holdings Corp and several others are the key corporates which presently functioning in industrial gas global market more effectively for leading the highest market growth and dominating the handsome value of market share around the globe during the near future while increasing the applications and specifications of such, delivering the better consumer satisfaction, employing the young and active personnel, analysing the strategies and policies of government as well as corporates, spreading the awareness connected to the applications and specifications of such, improving the qualitative and quantitative measures of such, decreasing the linked prices of such, and implementing the policies of enlargement and profit making. 

The food and beverage industry is progressively using food-grade industrial gases to keep the food products safe and fresh. Food grade gases are great purity gases conforming with food grade standards. Food grade industrial gases comprise nitrogen, oxygen, and carbon dioxide which are utilized to chill, freeze and package a diversity of food products such as dairy and frozen products, beverages, fruits and vegetables, meat, fish, seafood, convenience food, bakery and confectionery. The requirement of health-conscious consumers for fewer additives, harmless and fresher food products also augment the requirement for industrial gases, which can sometimes be utilized in place of chemical ingredients.

The growth of the market is principally attributed to the increasing manufacturing industry in the underdeveloped economies of Asia Pacific. Moreover, the effective augment in industrialization and urbanization, coupled with the growing application of industrial gases in several industries, such as healthcare, metals and mining, and food and beverages, are predicted to influence the market growth during coming years. Electronic applications of industrial gas are observing strong growth on account of the high requirement for flat panel displays, semiconductors, and printed electronics.

Moreover, the usage of industrial gas in the electronics (photovoltaic) industry for the producing of semiconductors, solar, displays, LED solid-state lighting, wafers, and polysilicon induce the growth prospects for this market. Clean energy, predominantly solar PV, is embryonic as an eminent source of clean energy generation, thus fascinating investments globally. Such gases substantially decrease the manufacturing costs, which is poised to augment their implementation over the forecast period.

The organized players in industrial gas market are effectively implementing the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition and several others for generating the high percentage of revenue and obtaining the competitive edge. Therefore, in the near years, it is predicted that the market of industrial gases will increase around the globe more effectively over the incoming years.

For More Information, Click on the Link Below:-

Global Industrial Gas Market

Related Report:-

Global Industrial Gas 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

Global Power Transformer Market Future Growth Forecast: Ken Research

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The power transformer is a specific type of transformer, which is usually used to receive the low-voltage generator electric power and transmit it across different distribution channels across the power grid network. It forms an essential part of the power grid that helps in the transmission of power from one network to other networks without change in frequency. It operates at peak load and is designed to have maximum efficiency at full load. There are different power ratings of power transformers including auto-transformers, medium power transformers, small power transformers, phase shifting transformers, shunt reactors, HVDC converter transformers, large power transformers, converter transformers and gas-insulated transformers. Power transformers generally find its industrial applications in cement mills, substations, chemical plants, paper, mining, and power generation.

As per analysis, “Global Power Transformer Market” the key companies operating in the global power transformer market include Schneider Electric, ABB Transformers Pvt. Ltd., Bharat Heavy Electricals Ltd., SPX Transformers, Crompton Greaves, Hyundai Electric, General Electric, Mitsubishi Electric, Toshiba Corporation, DAIHEN Corp. and among others. The renowned players of the market have many strategies to remain in the front and it will also assist to create numerous opportunities for the players like mergers & acquisitions, joint ventures, launches of new products, collaboration and partnerships, and others. It emphasizes enhancing the production outputs and shifting the demand in the manufacturing facilities in the developing regions to manage operating costs and in downloading times.

Based on power ratings, power transformer market is bifurcated as large power transformers, medium power transformers and small power transformers. In addition, based on cooling type, market is bifurcated as air-cooled and oil-cooled. Oil-cooled power transformers hold major share in market as compared to air-cooled transformers because their usage is considered safe in high voltage conditions.

The power transformer market is driven by growth of renewable energy sector, followed by modernization of existing power grids, rise in demand in high-growth markets and high demand & initiatives for smart grid development. Apart from this, standardization of products and unwillingness to replace aging infrastructure is a major hindering factor for market. Moreover, increase in investment in T&D infrastructure, HVDC transmission methods for long-distance transmission, deployment of green transformers and growth in cross-border electricity trade are leading opportunities for market. Furthermore, delays in grid expansion projects are key challenge for global power transformer market.

Based on regional analysis, the Asia-Pacific is the leading region in global market owing to growth in economy, increase in efforts to update & upgrade the existing distribution channel and large-scale power plantation in Japan, India, and china. The Europe and North-America regions are expected to exhibit substantial growth rate due to existence of the leading key players coupled with rise in investments in health monitoring to endure the system reliability over the forecast period. It is predicted that future of the global market will be bright as a result of growth in urbanization & industrialization and growth in focus to upgrade the traditional power infrastructure during the forecast period.

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

Global Power Transformer Market Future Growth

Related Report:-

Power Transformers Market, 2019 - Global Market Size, Competitive Landscape, and Key Country Analysis to 2023

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