Monday, October 25, 2021

Significant Growth In Trends Of Global Magnetic Localization System Market Outlook: Ken Research

The magnetic fields are prominent excellent localization tools owing to their capability to function in harsh situation. The magnetic field can function in extreme temperature, pressure, radiation and several other environment situations. The magnetic localization devices do not demand a line of sight, allowing them to function around the several non-ferromagnetic mediums. Magnetic localization systems can be classified into two forms, comprising the harnessing of active and passive fields. Artificially created electromagnetic fields can generate either pulsed or static which posses’ greater measurement varieties and better immunity to background geomagnetic noise. Active magnetic field demand power, which can either be delivered utilizing the battery or externally with the support of constricting tethering wires which are lessor demandable for applications likewise medical devices that demand compact and lightweight footprints.

In addition, permanent magnets require zero power as they convey the static magnetic fields that can be embedded directly into the aim which can be utilized for non-obstructive localization and tracking. Magnetic localization technology is utilized in the medical devices likewise nasogastric intubation, ventriculostomy, nodes detection, blood clot detection and several others.

According to the report analysis, ‘Magnetic Localization System Market: Current Analysis and Forecast (2021-2027)states that Medtronic, Brainlab, Fiagon Ag Medical Technologies, Collin Sas, Endomagnetics Ltd, Karl Storz, Stryker, Veran Medical Technologies, Sirius Medical Bv, And Cianna Medical are the foremost entities which recently operating in the magnetic localization system market more actively for generating the high percentage of revenue, leading the highest market growth, keep maintaining the dominant position, registering the handsome value of market share around the globe, obtaining the competitive edge and generating the high percentage of revenue by analysing the strategies and policies of government as well as similar entities, increasing the applications and benefits of such, spreading the awareness connected to the specifications and applications of such, improving the qualitative and quantitative measures of such, implementing the policies of profit making and expansion strategies, delivering the better consumer satisfaction, employing the young and active personnel and establishing the several research and development programs.

Based on the device type, the magnetic localization system market is sectored into rigid and flexible magnetic localization system. Amongst the device form, the rigid magnetic localization sector was worth at the USD xx million during the review duration and is projected to reach USD xx million by 2027 increasing at a CAGR of XX% during the review duration. Based on the application, the magnetic localization system market is sectored into endoscopy, orthopaedic, dental and neurosurgery. Amongst application, the endoscopy registered for a market valuation of USD xx million during the recent years. Based on end user, the market is segmented into ambulatory surgical centers, hospitals and several others. The hospitals sector created revenue of USD xx million during the review duration and is projected to augment at a CAGR of xx% during the review duration to reach a market valuation of USD xx million by review duration.

In addition, the magnetic localization system market is scattered into different regions such as North America, Europe, Asia Pacific and several other. Whereas, it is predicted that the North America is registered the market growth during the recent years owing the significant growth in demand for magnetic localization system. Nonetheless, the key players in Asia Pacific region are effectively functioning for keep maintaining their dominant position and ruling around the globe. Therefore, in the near years, it is predicted that the magnetic localization system will increase around the globe over the near years.

For More Information, refer to below link:-

Global Magnetic Localization System Market

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COVID Impact on Global Medical Device Connectivity Market Demand: Ken Research

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Connectivity with Medical Devices is a general concept that also comprises artificial intelligence and big data analytics. The requirement for wireless tools in the medical segment is augmenting at a tremendous pace with growing wireless communication in nearly every domain. In terms of patient care and dose monitoring, automation of hospitals and old age homes demand proficient applications of medical device connectivity. Alerts and emergency alarms often comprise essential components that act as associated devices. Govt. supports interconnectivity in medical premises. The regulatory system makes it more prominent.


According to the report analysis, ‘Medical Device Connectivity Market: Market Segments: By Product & Service (Medical Device Connectivity Solutions and Medical Device Connectivity Services); By Technology (Wired Technologies, Wireless Technologies and Hybrid Technologies); By End User (Hospitals, Home Healthcare Centers, Diagnostic and Imaging Centers and Ambulatory Care Centers); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030states that the connectivity market for medical devices is obtaining importance as it allows better control of patients and the information system, which is the major market driver. In addition, the linked medical devices hold important data such as the maintenance schedule and the device monitoring system via the real-time location system (RTLS). Due to the introduction of technology such as mobile health, the requirement for home healthcare is another major factor for the segment. In the event of a health emergency in a home healthcare setting, the linked medical devices will send warnings to doctors or affected individuals.

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Moreover, the increased adoption of electronic health records and health information sharing systems, augmented demand for telehealth and telemedicine technologies, and technological improvements in wireless and Bluetooth-enabled medical devices are foremost factors for market improvement. In the healthcare IT segment, electronic data is a speedily evolving subject. The healthcare industry has created tremendous quantities of data since its inception, powered by record-keeping, enforcement and regulatory demands, and patient care. In order to drive precision medicine growth, EHR databases and software deliver the rich resources. It is also projected that the increasing acceptance of telepathology, the augmenting investment in healthcare in developed countries, the market penetration of foremost producers in underdeveloped countries, and the growing emphasis on drug development will propel the market.

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

https://www.kenresearch.com/healthcare/medical-devices/medical-device-connectivity-market/434158-91.html

Region wise, the Medical Device Connectivity Market around North America controlled the largest market share during the year 2018 and it is projected to continue its market dominance during the future followed by the countries in the European region owing to raised disposable income and increasing healthcare expenditure. In addition, the emergence of foremost market players with advanced healthcare products has strengthened the connectivity market for medical devices. Throughout the forecast duration, the Asia-Pacific region is predicted to be the fastest-growing market. Increasing R&D investments for the improvement of technologically advanced healthcare infrastructure are aspects attributed to growth. In addition, the government's favourable policies, along with an augment in per capita income, would encourage business growth.

Related Report: -

IoT Healthcare Market by Component (Medical Devices, Services, Systems & Software); for Application (Clinical Operations & Work Flow Management, Telemedicine, Connected imaging, Medication Management, Inpatient Management and Others); by Connectivity (WiFi, Bluetooth Low Energy, Zigbee, Near Field Communication (NFC), Cellular and Satellite); by End User (Clinical Research Organization (CR), Government and Defense Institutions, Hospitals, Surgical Centers and Clinics and Research and Diagnostics Laboratories): Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 - 2022

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Sunday, October 24, 2021

Due to increased focus on health and hygiene post COVID-19 pandemic, UAE Used Car Market is expected to grow to ~AED 112 Billion in Revenue by 2025: Ken Research

UAE News - October 2021

“Shifting preference of consumers from availing public transportation to private vehicles fueled by the impact of COVID-19 has driven the growth of Used Car Market in UAE.”

Increased Awareness on Health and Hygiene: With the advent of COVID-19, consumers were witnessed to be more concerned on maintaining personal health and hygiene. Therefore they are preferring the option of private transportation rather than availing public transport system. The change in consumer’s behavior and preference is expected to act as an opportunity for the used car market in UAE. Due to weaker economic sentiment and financial constraint followed by the aftermath of COVID-19, consumers are not willing to spend a huge amount in buying new cars rather they are preferring to buy affordable used cars which helps them in maintaining their health by spending less. Therefore the future prospect of the industry looks strong wherein used cars players in the market could utilize this opportunity to integrate the market.

UAE Used Car and Auto Classified Market Outlook to 2025 ( Second Edition ) - Driven by Growing Expat population and increased Awareness on health and hygiene due to covid-19.

Technological Impact and Omni Channel Strategy: Technology has deeply impacted the used car market as it has altered the buying behavior of the customers. Most of the customer journey today begins with online search; hence it gives the retailers to mark their presence at the start of the customer journey. Currently many companies are using Omni channel strategy to reach out to the customer. The players in the market have realized the importance of a multichannel approach to sales wherein they provide seamless customer experience combining the use of digital as well physical platforms such as communication through mobile and laptop devices or brick and mortar space therefore formulating Omni channel strategies to reach out to customers. This type of channel is useful as the digital presence is an important parameter to improve the customer penetration while the physical presence helps in building of trust of the customers. The need of such Omni channel strategy would help the players in increasing their visibility in coming years as more and more customers adapt to the digital medium of buying and selling followed by the aftermath of COVID-19.  The advent of digital technology has given varied domains to the customers which they can explore to find the most suitable way to buy a car. In general, the customer uses both the digital and the physical channel simultaneously in order to find the best product according to their needs.

Large Number of Expatriate Population: As of July 2021 it is estimated that expat population in UAE constitutes 88.6% of the overall population. Mostly expats in UAE are living for a specific duration of time till their employment contract expires. Due to this nature, these expats prefer buying a pre-owned vehicles rather than spending huge sum of money in buying a brand new car which has resulted in increased demand of used cars over the years. Affordability plays a deterministic role in choosing a used car over a new car. In coming years, the expat population in UAE is estimated to constitute 90% of the overall population which will keep the demand prospect of used cars at an all-time high.

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Value Added Services: Used car market players in UAE, in an effort to differentiate its offerings are providing a number of value-added services along with the used cars which serve as one of the major competition parameter in UAE. These value-added services include warranty, financing options, accessories and others. Many dealerships have tie ups with loan providing financing companies. These value-added services have a placebo effect on the assuring quality of the car in the mind of customers. Thus, help in creating a positive brand perception in front of the customers. These value-added services also prompt the customers to pay a marginally more while buying through a dealership. This trend will help in consolidating the market share of players selling via B2B/B2C channel in the market as players selling via C2C sales channel does not offer a wide range of necessary value-added services such as transfer of ownership, tax registration and payment, quality check and assurance and others. Thus, in the future value added service offerings would play a pivotal role in developing the demand ecosystem of used car market.

Expo 2020: In recent years, UAE has been initializing the process of shifting away from oil dependence and enhancing its economic capability to develop others sectors, such as tourism, IT, pharmaceuticals, automotive, real estate etc. Therefore Expo 2020 is seen as a platform which will contribute to major investment opportunities in diversified sector of UAE especially Dubai. Automotive sectors in UAE is a growing industry wherein most of the cars are imported from Japan, Germany, America, and South Korea among others. Therefore, expo 2020 will act as a platform to develop and attract investment in the automotive sectors coupled with efficient technological solution, which will change the ecosystem of the industry. With the structural change in automotive sector, there is a greater possibility to enhance the capability of used car market in Dubai wherein players in coming years would look forward to adapt to effective digital solutions to attract consumers and participate in growing the used car market in UAE.

The report titled UAE Used Car and Auto Classified Market Outlook to 2025by Ken Research suggested that the used car market in UAE is expected to grow further in the near future, with the increased awareness on health and hygiene followed by the onset of COVID-19, thus showcasing a change in consumer preference from availing public transport to private transportation medium. Large number of expatriate population along with export prospects of used car in UAE will be major growth drivers for the market in coming years. The market is expected to register a positive CAGR of 16.6% in terms of revenue during the forecast period of CY’20-CY’25.

Key Segments Covered in UAE Used Car Market

  • Used and New Cars Re-Export by Country
  • UAE Free Zone
  • Saudi Arabia
  • Iraq
  • China
  • Oman
  • Used and New Cars Export by Country
  • UAE Free Zone
  • Mali
  • Sudan
  • Somalia
  • Congo
  • By Type of Car
  • SUV/Crossover
  • Sedan
  • Coupe
  • Hatchback
  • Pickup Truck
  • Sports Car
  • Convertible
  • Other (Utility Truck, Van, Wagon etc.)
  • By Type of Manufacturer on the basis of Region
  • Japanese
  • German
  • American
  • Korean
  • British
  • By Region
  • Dubai
  • Sharjah
  • Abu Dhabi
  • Umm Al Quwain
  • Ras Al Khaimah
  • Fujairah
  • Ajman
  • By Sales Channel
  • Online Marketplace Players including Classified Channel
  • B2B/B2C Dealers
  • C2C – (Word of Mouth)

Key Target Audience

  • Used Car Dealerships
  • Classified Used Car Retailing Websites
  • Online Marketplace Websites dealing in Used Car
  • Auction Players
  • Used Car Financing Companies
  • Government Bodies
  • Investors and Venture Capital Firms
  • Used Car Associations
  • Used Car Buyers
  • Used Car Sellers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025

Used Car Companies in UAE:

  • Dealerships
  • Al-Naboodah Automobiles
  • Arabian Automobiles
  • Al-Tayer Motors LLC
  • Al-Ghandi Auto Group
  • Online Marketplace Players
  • Al-Futtaim Automall
  • Gargash Motors and General Trading LLC
  • Alba Trading FZC
  • Cars24
  • The Elite Cars
  • Swaidan Motors
  • Galdari Pre Owned
  • Autotrust
  • SellAnyCar
  • Car Switch
  • Classified Companies
  • Dubizzle
  • Yalla Motor
  • Dubicars
  • Carmudi

Key Topics Covered in the Report

  • Value Chain Analysis of UAE Used Car Market
  • UAE Used Car Market Ecosystem
  • Customer Profile of UAE Used Car Market
  • UAE Used Car Market Size, 2015-2020
  • UAE Used Car Market Overview
  • UAE Used Car Market Size by Transaction Value and by Sales Volume, 2015-2020
  • UAE Used and New Cars Re-Export by Value and by Country, 2015-2020
  • UAE Used and New Cars Export by Value and by Country, 2015-2020
  • UAE Used Car Market Segmentation, 2020 (by type, manufacturer, sales channel, region age)
  • Competitive Landscape of UAE Used Car Market, 2020
  • Parameters of Competition of UAE Used Car Market
  • Market Share of UAE Used Car Market Players – (Dealership Network, Online Marketplace Players and Classified Companies)
  • Company Profiles of Arabian Automobiles, Al-Naboodah, Al-Tayer Group, Dubizzle, Yalla Motor, DubiCars, Carmudi, Al-Futtaim Automall, Elite Cars, SellAnyCar, and Car Switch
  • Trends and Developments in UAE Used Car Market
  • Growth Drivers of UAE Used Car Market
  • Challenges and Restraints in UAE Used Car Market
  • SWOT Analysis of UAE Used of Market
  • Porter 5 Forces Analysis of UAE Used Car Market
  • Government Regulations in UAE Used Car Market
  • Recent Developments in UAE Used Car Market
  • Channels Used for Selling Pre-Owned Cars in UAE – (Dealerships, Classifieds and Online Marketplace)
  • Impact of COVID-19 on UAE Used Car Market
  • UAE Used Car Market Future Outlook and Projections, 2020-2025E
  • Analyst Recommendations
  • Macro-Economic Factors Affecting Used Car Market in UAE
  • Directory of Automotive Dealers in Luxury Segment in UAE

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Global Pinch Bottom Open Mouth Bags Market 2021 Covid-19 Impact Upcoming Trends, Latest Innovation, Top Key Players and Forecast to 2027: Ken Research

Pinch bottom open mouth bags are a packaging industry workhorse. It is utilized for the medium to large format products of varying density, they are also ideal for the high-end and sensitive products in the materials, pet food, building material, animal feed and bulk foods industries when barrier liners are demanded to optimally preserve content. In addition, pinch bottom open mouth bags can be closed by sewing, but they are most often sealed or closed by the pinch bag closers utilizing the pre-applied hold-melt to generate the sift proof closures.

Pinch bottom open mouth bags are customizable and have been made prevalent in the market in several varieties with choices for customization. There have been several changes in the customer and supplier mindset concerning preference for few products and the type of packaging utilized. The general trend is to desire packaging solutions that have a neat visual appeal, are informal to handle, economical, customizable, and deliver the protracted shelf life to the products. The predilection for pinch bottom open mouth bags is set to augment over the review period.

According to the report analysis, ‘Global Pinch Bottom Open Mouth Bags Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Hood Packaging, Ailu Group, Mondi Group, Hamer-Fischbein, Starlinger, El Dorado Packaging, Endpak, Langston Companies, Hannu Sacks, Sun Coast Packaging and many more are the key companies which recently operating in the global pinch bottom open mouth bags industry more actively for ruling around the globe, obtaining the competitive edge, leading the highest market growth, registering the great value of market share, generating the high percentage of revenue, keep maintaining the governing position in the market and obtaining the competitive edge by spreading the awareness connected to the benefits and applications of such, increasing the applications and benefits of such, delivering the better consumer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and expansion strategies and improving the qualitative and quantitative measures of such.

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By types, the global pinch bottom open mouth bag is segmented into Capacity<1 Pound, 1 PoundCapacity>50 Pounds. By applications, the global pinch bottom open mouth bag is sectored into Food, Feed, Agricultural Products, Chemicals, Building Materials and several others.

In addition, Pinch bottom open mouth bags are measured hygienic and informal to manufacture. In addition, the choice for customization enables the suppliers to leverage the products to augment brand awareness. Pinch bottom open mouth bags are utilized to carry several agricultural products, fertilizers, agrochemical products, and the likes. The Global Pinch Bottom Open Mouth Bags Market has a lot of scope for growth, but not without inflexible competition from substitute plastic and paper packaging solutions, which have applications in the similar industry verticals.

The global packaging market has undergone substantial transformation in the past few decades, with fresh packaging solutions being launched every year. This has concluded in the requirement for absolute customization. Also, suppliers were speedy to capitalize on the advantages of digital printing on their product packages for brand advertising. Therefore, being printable, pinch bottom open mouth bags rank amongst the packaging solutions favoured by suppliers for their products. Therefore, in the near years, it is predicted that the global pinch bottom open mouth bags will increase around the globe more actively over the near future.

For More Information, refer to below link:-

Global Pinch Bottom Open Mouth Bags Market Growth

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Global Matrix Metalloproteinase 9 Market Research Report 2021- Covid-19 Impact Analysis, Industry Size, Share, Demand by Regions, Types, Top Key Players and Forecast to 2027: Ken Research

Matrix metalloproteinase 9 is one of the most broadly investigated MMPs, regulates the pathological remodeling procedures that comprise inflammation and fibrosis in cardiovascular syndrome. Matrix metalloproteinase 9 directly degrades extracellular matrix proteins and activates the cytokines and chemokines to regulate the tissue remodeling. In addition, the matrix metalloproteinase 9 deletion or inhibition has proven entire beneficial in several animal models of cardiovascular syndrome. As such, matrix metalloproteinase expression and activity are a primary end point measured. Matric metalloproteinase 9 cell-specific overexpression, however, has also proven beneficial and highlights the fact that little information is prevalent on the underlying the mechanisms of matrix metalloproteinase 9 operation.

Moreover, matrix metalloproteinase 9 plays essential roles in immune cell function. Matrix metalloproteinase deletion encourages the recruitment of eosinophiles and Th2 cells into the lungs throughout the allergen challenge. In pathophysiological situations, matrix metalloproteinase is upregulated throughout improvement and wound healing, as well as throughout the pathologies that comprise the inflammatory procedures comprising arthritis, diabetes and cancer.

According to the report analysis, ‘Global Matrix Metalloproteinase 9 Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that EA Pharma Co Ltd, Gilead Sciences Inc, Iproteos SL, Shulov Innovative Science Ltd and many more are the foremost entities which recently functioning in the global matrix metalloproteinase 9 market more actively for obtaining the competitive edge, ruling around the globe, registering the great value of market share around the globe, keep maintaining the dominant position, leading the highest market growth, and generating the high percentage of revenue by establishing the several research and development programs, employing the young and active personnel, improving the qualitative and quantitative measures of such, increasing the applications and specifications of such, spreading the awareness connected to the matrix metalloproteinase 9, improving the qualitative and quantitative measures of such, decreasing the associated prices of such, and implementing the policies of enlargement and profit making.

Not only has this, the extensive competition in the healthcare industry led corporates to primarily aim on upgrading the prevalent healthcare technologies and drugs. The foremost players have accepted dissimilar strategies to diversify their existence around the globe and augmenting the market shares.

By types, the Global Matrix Metalloproteinase 9 Market is segmented into AQU-010, CALY-001, IPRO-003, ND-336 and several others. By applications, the global matrix metalloproteinase 9 market is classified into Hospital, clinic and several others. Whereas, it is predicted that the Hospital application registered the market growth more actively owing the growth in geriatric population and increment in awareness amongst the individuals.

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Based on the region, the global matric metalloproteinase 9 is scattered into North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania and South America. It is anticipated that the North America held the handsome value of market share owing to significant advancement in healthcare infrastructure, increase in geriatric population and increase in disposable income of the consumer. Therefore, in the near years, it is predicted that the market of matrix metalloproteinase 9 will augment more actively around the globe over the near future.

For More Information, refer to below link:-

Global Matrix Metalloproteinase 9 Market Growth

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Global High Speed Bearing Market 2021 - Top Manufacturers, Latest Trends, Size, Share, Future Prospects and Forecast 2027: Ken Research

Bearing is a specific type of machine element, used to support relative motion and helps to reduce the friction that occurs between moving parts. High speed bearing finds its applications in several industries for instance construction & mining machinery, automobile, wind turbines, machine tools, agricultural equipment, and others. It is used in automobile to ensure electric vehicles (EVs), smooth running of cars, and other type of vehicles including heavy weight commercial vehicles and light weight commercial vehicles. The technology oriented industries for instance aerospace & defense, medical, robotics, etc. have witnessed a massive demand for heavy-duty, effective, SMART, and durable bearings in order to meet the industry standards & demand across critical & hi-tech applications. Therefore, growth in demand for high speed bearings from these industries is also anticipated to drive the demand for bearings globally.

Referring to the study, “Global High speed bearings Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027” the key companies operating in the global high speed bearing market include Schaeffler, JTEKT, NSK, C&U, NMB, RBC Bearings, Timken, NTN, SKF, TMB, Nachi, HRB, LYC, ZWZ and among others. The players in the global high speed ​​storage market understand the changing trends and invest in research & development (R&D) departments. This is a mandatory step that will help the market to produce new or innovative products and bring them to market internationally.

Based on types, Global High Speed Bearing Market can be segregated as sliding bearings and ball bearings. Ball bearing includes single row ball bearings, double row ball bearings, angular contact ball bearings, thrust ball bearings and others (stainless miniature bearings and plastic ball bearings). In addition, based on application, market can be segregated as CNC machines, robot industry, aerospace and others.

Growth in utilization of bearing in motor, followed by rise in demand of bearing in continuously variable transmission (CVT), growth of automotive industries, rise in demand for automotive electrification and surge in utilization of bearing in railways, rolling mills & electric vehicles are some major factors, which are responsible for growth of the high speed bearing market. However, increase in vehicle electrification and high maintenance cost may impact the market. Moreover, emergences of sensor bearing units and constant development in the automobile industry are leading opportunities for market.

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Based on regional analysis, the North-America is a leading region in global high speed bearing market owing to rise in demand for customized bearings across the region. The Europe and Asia-Pacific regions are estimated to witness higher growth rate due to increase in use of the bearings in various applications such as mining, automotive, heavy machinery, infrastructure development, power generation, agriculture, and construction over the forecast period. It is projected that future of the global high speed bearing market will be optimistic on account of rise in demand pertaining to specialized bearings for addressing the varied challenges & requirements of the industry during the forecast period.

For More Information, refer to below link:-

Global High Speed Bearing Market Growth

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In Bangladesh, the Tax Incentive offered by Government and Structural reforms in favor of Automotive Industry were the deal breakers for high Industry Growth: Ken Research

September 2021|Bangladesh News

Bangladesh Automotive Industry Overview: The Automotive Market of Bangladesh is the third largest Asian market. There are few car manufacturing plants in the country, one of which are of Proton; a Malaysian indigenous car and Mitsubishi. The country also has a large market for three wheelers with one designed locally called Mishuk. Bangladesh started manufacturing motorcycles by 2000s. Walton made the first production of motorcycles in the country. Runner Automobiles was the second company to manufacture motorcycles in Bangladesh which was started in 2012. After then many other local companies got engaged in producing of motorcycles.

Bangladesh Automotive Market Growth Strategy Report

Drivers of Growth in Bangladesh for Automotive Industry: Government’s focus on the roadmap to growth has pushed the country ahead. They focused on incentivizing local assembling, then more on sourcing local components – technically called progressive manufacturing policy. In less than a decade, the two-wheeler market in Bangladesh grew more than three times. During this period the source of supply shifted from the imports to the local manufacturing which accounts for more than 90% of the units sold here annually.

Two Wheeler Market is the Leader in Automotive Industry: A decade ago, Bangladesh two-wheeler sales were below 10,000 units per year. Then the industry grew rapidly, thanks to the investments of new and local brands which include Runner and Walton, Indians companies – Bajaj Auto, Hero Motor and TVS and the Japanese – Suzuki, Yamaha and Honda. In 2012, the market has grown up by 10X times compared with 5 years earlier while steadily growing till the 2016 when the sales were close to the quarter of a million. While Japanese brands are growing, the market is actually dominated by Indian brands with Baja Auto being the leader, followed by Hero Motor and TVS.

Analysts at Ken Research in their latest publication the report titled Automotive Industry Outlook to 2025- Coverage on Bhutan, Sri Lanka, Bangladesh and Nepalprovides a comprehensive analysis of growth of Automotive sector in Nepal, Bhutan, Bangladesh, Sri Lanka. The report covers various aspects including Market Size, Total Number of players, market Share by type of OEM and by type of Vehicle. The report also focuses on the Impact of Covid-19 on the industry and provides insights from the experts on the trends in sector.

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Key Segments Covered

  • By Type of Vehicle
  • By OEM
  • By Region (Nepal only)

Automotive OEMs Covered in the Report

  • Toyota
  • Mitsubishi
  • Hyundai
  • Honda
  • TVS
  • Hero
  • Audi
  • Nissan
  • Bajaj Auto
  • Maruti Suzuki

Key Target Audience

  • Automotive OEMs
  • Consultancy Companies
  • Industry Associations
  • Regulatory Bodies

Time Period Captured in the Report:-

  • Historical Period– 2016-2020
  • Forecast Period– 2020-2025

For More Information, refer to below link:-

Bangladesh Automotive Market Size, Share And Forecast 2027

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