Global Green Roof Market 2021 by Types, Application, Technology, Opportunities, End Users, Regions And Forecast 2027

 

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The global green roof market is projected to grow at a compound annual growth rate (CAGR) of 1681% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into “Global Green Roof Market”. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.

The green roof market is segmented on the basis of type, distribution channel, end user, and region. The green roof market is segmented as below:

By Type:

- Extensive

- Intensive

By Distribution Channel:

- Online

- Offline

By Region:

- Region

- Asia-Pacific

- Europe

- North America

- Middle East and Africa (MEA)

- South America

The market research report “Global Green Roof Market Analysis” covers the analysis of key stake holders of the green roof market. Some of the leading players profiled in the report include Bauder Ltd., Bouygues SA, Optigrun International AG, Sempergreen, among others.

Historical & Forecast Period

This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global green roof market.

- To classify and forecast the global green roof market based on type, distribution channel, end user, and region.

- To identify drivers and challenges for the global green roof market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global green roof market.

- To conduct pricing analysis for the global green roof market.

- To identify and analyze the profile of leading players operating in the global green roof market.

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Global Green Roof Market Outlook 2021-2027

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Middle East Cyber Security Market Analysis and Business Opportunities 2021- Industry Size, Share, Scope, Demand, CAGR Status, Key Manufacturers and Forecast by 2027: Ken Research

Cyber security, also denoted to as IT security, emphasizes on preventing computers, networks, programs, and data from unlicensed or spontaneous admittance. It entails network security, endpoint security, application security, identify management, cloud security, data security and infrastructure security. As the cyber threats have augmented at an alarming rate, security solutions have been obtaining traction, around the globe. Solutions likewise antivirus software and firewalls have augmented in complexity and proven to be proficient at safeguarding attacks and threats, likewise trojans, malware and phishing. The accomplishment of these solutions has led to speedy development of the cyber security industry, as employing technical defenses has become a standard best exercise in every enterprise.

Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region

Banking and finance industry is the greatest end users of cyber security software and hardware in Middle East. This is mainly owing to the high confidentiality of data that is being utilized in the segment. Cyber Security is such an essential issue for the banks to consider owing to any breach could undermine the trust that consumers have in the bank, and affect the future sustainability and profitability of the organization. Government segment has begun to advance the E-governance amenities in the Middle East regions which results in great requirement for the cyber security services.

IT and telecom and Oil and Gas are other end users of the cyber security in Middle East. Most of oil and gas refineries in the region are state owned and are of national importance therefore it becomes lucrative for foreign state backed hackers to disrupt their functions.

Cyber Security Market around Middle East registered a positive five year CAGR throughout 2012-2017. The market size grew continuously from 2012 to 2017. The growth was majorly driven by threat ascending from growing number of cyber-attacks on critical infrastructure which were of national importance. Technological innovations and growing aim on infrastructure development has also resulted in increment in requirement for cyber security. The cyber-crimes are one of the biggest concerns for the entities today. The number presents that the companies have to face a lot of loss which are in both tangible as well as intangible form.

By region, the Central Middle East region is the greatest market for cyber security products which registered for majority of the market share during 2017, swiftly followed by Western and Southern part. Great number of cyber-attacks over the years and speedy digitalization are the major cause behind the growth around the region.

The developers of cyber security products in Middle East sell their proposing to end users through distributors and system integrators. At Ken Research, the report focuses on discussing the competitiveness of both foremost developers as well as system integrators exist in the market. The market is registered by major global players although entrance of some other players has resulted in modification of market dynamics. The report also illuminates the parameters to discriminate one competitor from others and measures through which each company can be evaluated from the perspective of end users.

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Moreover, the market for cyber security in the region is predicted to augment by double digit CAGR. This market will be primarily propelled by sale of firewall and intrusion detection devices which will obtain most of the market share respectively. The market will commonly grow owing to requirements of network security which most of the enterprises fell as the basic inevitability in today’s ever growing cyber threat landscape. Central and Western region will propel majority of requirement in the near future majorly due to diversification of economy in countries as well as digitalization of prevailing infrastructure. Cloud security is one technology which will have a wide impression on the market.

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Global Cyber Security Market Research Report

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Baby Food Market Research Reports | Research Reports on Baby Food Market | Baby Food Market Major Players: Ken Research

 Baby Food is a special type of food, prepared to meet the fundamental needs of babies during their early years. It is made from particular formulas that contain most of the necessary nutrients required for the development of bones & tissues of the baby. There are different kinds of flavors for baby foods including dried baby food, infant milk formula, prepared baby food, and others. These types of foods are liquid or soft paste that babies can chew easily.

Baby Food products are growing rapidly around the world due to increase in the disposable income of the population. The increasing health concerns about babies are expected to drive growth in the baby food market around the world. In addition, the increase in child malnutrition is also an important contributor to the increasing growth of baby food products.

The baby food market is predicted to show a dynamic growth by the end of the forecast period. The Baby Food market is segregated by type and by sales channel. In terms of type, Baby Food market can be divided as dried baby food, milk formula, prepared baby food and others. Milk formula is estimated to witness higher growth rate because of rise in spending towards milk formula and increase in income of the population during the forecast period. Additionally, in terms of sales channel, market can be divided as convenience stores, supermarkets/hypermarkets, pharmacies and others. Supermarkets/Hypermarkets segment is expected to exhibit substantial growth rate caused by growth in urbanization and rapidly expanding retail sector during the forecast period. Moreover, increase in trend of online purchasing is projected to drive the growth of the global baby food market over the forecast period.

Parents increasingly favor highly nutritious food-products for holistic development of their children. The increasing demand for multigrain & ancient grains such as chia, buckwheat, quinoa, and millet due to their excellent properties increases their use in Baby Food, which is driving the growth of the baby food market. In addition, due to the growing awareness of the harmful effects of chemicals, the trend towards the consumption of clean label products is increasing the demand for baby food products that contain natural ingredients. The growing popularity of functional baby foods, which can be high in calcium, protein or probiotics, is also stimulating the growth of the industry. Several innovations the in baby foods are leading to development of tasty, crispy, and healthy snacking options for toddlers, which are likely to propel the growth of the Baby Food market.

Based on the region analysis, the Asia-Pacific is a prevalent region in global Baby Food market as a result of growth in population coupled with increase in consumer spending by parents across the region. In addition, increasing retail penetration and product awareness combined with growing purchasing power are some of the reasons for the growth of the baby food market in the Asia-Pacific region. Developing countries include China, India, and Indonesia, are key contributors to the growth of the baby food market in the Asia-Pacific region. Additionally, the North-America and Europe regions are anticipated to witness higher CAGR because of increase in the health consciousness among population during the forecast period.

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Research Reports on Baby Food Market

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Middle East Manned Guard Security Market Growth and Business Opportunities 2021- Industry Size, Share, Scope, Demand, CAGR Status, Key Manufacturers and Forecast by 2027: Ken Research

Manned guarding is an exceedingly efficient manner of eliminating the criminal damage and theft, making it one of the most proactive security dealings that you can take against crime. It is a security service that comprises placing security guards at your premises, primarily out of hours but sometimes when staff are still prevailing.

Middle East Manned Guard Security Market Outlook to 2022 - By Countries (Turkey, KSA, UAE, Iraq, Iran, Jordan, Israel, Qatar, Egypt, Kuwait, Oman), by Organized and Unorganized, by End Users (Commercial Buildings, Government Buildings, and Residential Units)

Manned guard security industry around Middle East accounted a single digit five-year CAGR of throughout 2012-2017. The growth was majorly propelled by infrastructure and real estate growth in commercial, government and residential segment. Technological advancements and growing focus on internal security have resulted in implementation of high-level security by the end users.

By end user, the market is registered by requirement from commercial building, which has a majority of share in the Middle East Manned Guard Security Market. Government buildings also have a proficient share of the market. Residential sector have the lowermost share in the market which is primarily owing to the low implementation of manned guard security service in the market.

The effective growth in number of urban populace across the globe, increasing transition of individuals in living secure apartments and gated communities, increasing levels of crime ratios in the economy are some of the aspects that will probable to improve the growth of the manned guarding market in the review period of 2020-2027. On the other hand, increasing number of training centres along with low police per capita will further boost several opportunities that will lead to the growth of the manned guarding market in the above mentioned review period.

By region, Central region of Middle East is the greatest market for manned guard security service registering for majority of the market during 2017, followed by Northern and Eastern region. Speedy infrastructure growth and consolidation of the market owing to government regulations are the foremost reason behind high requirement for manned guard security around the region.

Based on market structure, the market is also sectored based on type of market structure. It is categorized into organized and unorganized segment. Among this segmentation organized sector obtains the lion share; this is owing to government tightening of government regulations around countries such as UAE and KSA.

In addition, the providers of manned guard security service in Middle East sell their proposing to end users directly. At Ken Research, the report aims on discussing the competitiveness of foremost service providers prevailing in the market. The market is evenly sectored among global and regional players with regional players utilizing the knowledge of local conditions to their benefit in order to compete with the worldwide players who have large resources. The report also clarifies the parameters to differentiate one competitor from others and measures through which each company can be appraised from the perspective of end users.

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Not only has this, the central region has the majority of the market. Most of this requirement is created by Kingdom of Saudi Arabia. Economic diversification steps is the foremost cause behind the great requirement. The Northern region has the second greatest requirement for manned guard security in the whole Middle East. Turkey market has been unfavorably affected owing to regulatory transforms presently. The Eastern region is registered by UAE which creates most of the requirement owing to robust infrastructure growth.

The market for manned guard security in the region is projected to augment by single digit five year CAGR from 2017 to 2022. This market will be principally propelled by real estate growth in commercial sector which will obtain majority of market share by 2022. Organized segment will continue its dominance as the size of unorganized sector is projected to diminish. Central and Northern region will propel majority of requirement in the future.

For More Information, refer to below link:-

Middle East Manned Guard Security Market Research Report

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Furniture Market Research Reports | Furniture Market Research Reports Consulting | Wooden Furniture Market: Ken Research

 Furniture is a prerequisite for all residential and commercial spaces. It fills office and living spaces and is responsible for comfort and productivity. Therefore, the demand for this market increases enormously over time. Furniture comes in a variety of seating options such as accent chairs, living room sofas to add elegance, sleeping, dining, working, storage and others. The rapid growth of the real-estate industry in the current situation is driving the growth of market. In addition, rise in disposable income and rapidly increasing online shopping are expected to help the furniture market. Some driven factors, which are responsible for growth of the furniture market include growth in organized retail, change in customer preferences in developing economies, and growth in residential & commercial development.

There are various types of Furniture the people use on daily bases for instance tables, beds, desks, chairs, dressers and cupboards. Based on material used to manufacture the furniture, the global furniture market is categorized into plastic, metal and wood. Wood segment is expected to witness higher growth rate due to growth in real-estate sector, rapid urbanization and change in lifestyle pattern of millennial during the forecast period. The main application includes hotels, motels, hospitals and other similar institutions for residential and commercial buildings.

Growth in real estate business, followed by rapid urbanization has considerably bolstered the growth of Furniture market. This market has expanded to the production of home-interiors & furnishing that demonstrate high-class & high-quality. Surge in demand for the online-shopping is projected to support the furniture manufacturing market grow. Key manufacturers can sell their products on a wider platform than before, which will augment their customer base geographically leading to the growth of the furniture manufacturing market.

Furniture market is extremely fragmented because of large presence of industry players at regional & global level. A number of companies are involved in the partnerships & collaborations to support their industry footprint. In order to capture more of the industry, companies are expected to develop their supply chain network to be customer friendly. New market entrants will steadily increase in the expected period due to high profit margins. Mergers & acquisitions will be a key strategy for industry players to increase their market share.

Increased marketing campaigns for apartments in residential and commercial buildings with ready-made furniture will attract new buyers, better offers and drive market development. In addition, rising spending on the luxury lifestyles, repairs & renovations and use of innovative furniture designs are expected to fuel the growth of the industry. In addition, an increase in the income of the middle class is another important factor that will increase the demand for products. In addition, the demand for wooden furniture in Europe is increasing due to the growing demand for ethnic design furniture for living rooms and bedrooms, small decorative items and various ready-to-assemble products, among others. Additionally, the high demand for space-saving multifunctional furniture is also contributing to the growth of the wooden furniture market in Europe. Furthermore, the demand for plastic furniture is also growing rapidly due to its low cost, and it is particularly well known in the Asia-Pacific countries.

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Furniture Market Research Reports Consulting

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Global Smart Juicer Market Trends and Business Opportunities 2021- Industry Size, Share, Scope, Demand, CAGR Status, Key Manufacturers and Forecast by 2027: Ken Research

Smart juicer extracts the supreme amount of juice with the minimum effort and waste utilizing slow juicing. The result is fresh juice which recollects more of the important vitamins, enzymes and minerals that is primarily accomplished by the fast speed juicing utilized in most other juicers. The smart juicer is one of the most innovative portable slow juicers on the market. It is cordless, powerful and utilizes lithium-ion battery technology. Its lithium-ion battery enables it to power up at any time and can be charged in the matter of hours meaning you can juice virtually anywhere, even while camping owing to no power outlets are demanded.

According to the report analysis, ‘Global Smart Juicer Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Breville, OSTER, Hurom, Braun, Cuisinart, Kuvings, Philips, Panasonic, Electrolux, Joyoung, Supor, Media, Bear, Donlim, SKG and many more are the key entities which recently operating in the global smart juicer market more actively for leading the highest market growth, obtaining the competitive edge, ruling around the globe, registering the great value of market share, keep maintaining the governing position and generating the high percentage of revenue while increasing the applications and specifications of global smart juicer, spreading the awareness connected to the advantages and benefits of global smart juicer, establishing the several research and development programs, decreasing the associated prices of such, employing the young and active personnel, improving the qualitative and quantitative measures of such, implementing the policies and strategies of enlargement and profit making, and delivering the better consumer satisfaction.

By types, the global Smart Juicer Market is segmented into touching switch, knob switch, button switch and app control. By applications, the global smart juicer market is classified into home use, commercial use and several others.

The effective growth in requirement for fruit and vegetable juices comprising health awareness campaigns, fiber, healthy lifestyle in mid-income groups, augment in income level, and urge to spend more on the health and body fitness are the aspects that propel the growth of global smart juicer market. Not only has this, customer preference toward fresh fruit instead to tetra pack drinks comprising great preservatives and sugar has led to more requirement for the fruit juice in the market.

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The requirement is filled by juice cafes and bars which in turn is requiring more juicers with the better abilities. There are no issues with the prevalent of raw materials and it has been stable from the past couple of years. There have been proficient innovation towards the improvement of juicers consuming less power having fresh features and volumes and decrease the price to compete the oversupply of juicers in the market.

Not only has this, the requirement for smart juicer is growing, with the effective growth in population around the world. Therefore, in the near years, it is predicted that the market of smart juicer will augment more actively over the near future.

For More Information, refer to below link:-

Global Smart Juicer Market Growth

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Global Agrochemicals Market 2021 Industry Outlook, Share, Size, Opportunities

 

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The global agrochemicals market is projected to grow at a compound annual growth rate (CAGR) of 4.4% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global agrochemicals market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.

The agrochemicals market is segmented on the basis of type, and region. The agrochemicals market is segmented as below:

By Type:

- Fertilizers (synthetic fertilizers, nitrogenous, phosphatic, potassic, biofertilizers)

- Pesticides (synthetic pesticides, biopesticides, herbicides, bioherbicides, insecticides, synthetic insecticides, bioinsecticides, fungicides, synthetic fungicides, biofungicides, others)

By Region:

- Asia-Pacific

- Europe

- North America

- Middle East and Africa (MEA)

- South America

The agrochemicals industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the agrochemicals market. Some of the leading players profiled in the report include BASF SE, Bayer AG, China National Chemical Corporation Ltd., Dow, Inc., DuPont de Nemours, Inc., FMC Corporation, Nutrien, Ltd., Sumitomo Chemical Company, Yara International ASA, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global agrochemicals market.

- To classify and forecast the global agrochemicals market based on type, and region.

- To identify drivers and challenges for the Global Agrochemicals Market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global agrochemicals market.

- To conduct pricing analysis for the global agrochemicals market.

- To identify and analyze the profile of leading players operating in the global agrochemicals market.

For More Information, refer to below link:-

Global Agrochemicals Market Outlook 2021-2027

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Market Research Firm in United States and Market Research Reports in United States Helps You Identify both High-Level and More Accessible Opportunities for Reaching and Converting New Customers: Ken Research

 

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The World’s solidest economy is led by the policies which enable freedom to the private segments to underwrite to economic decisions made by the government and set directions for the optimal utilization of the resources. A strength of the country lies in its amusing mineral resources and fertile farm soil and coastlines on both the Atlantic and Pacific Oceans makes it robust in trade. The US has been established as the world's principal financial markets and the third largest manufacturer of oil and natural gas. 

Market Research Firms in United States will assist you improve a successful marketing strategy. Ken Research brings up to date market statistics and has enclosed all major industries in the US to deliver the maximum worth to our readers. Market Research Industry United States helps decrease perils by enabling you to determine the product features, pricing and promotions from the outset. It also supports you aim resources where they will be most proficient.

Your customer histories can deliver a wealth of information, such as buying trends, most selling services in unrelated demographic segments, and several others. Market Research Corporate in United States can assist you assess foremost trends to predict how the market may change. It is an energetic step in recognizing new market segments, developing new products and selecting your target market. 

Market Research Company in United States done well assists you plan your strategy. Even if you are a reputable company, you necessitate to keep in touch with your customers’ requirements, as well as with market trends and your competitors. By employing an insights repository as part of your market research procedure, you can get closer, quicker and effective research perceptions that matter. 

Market Research Reports in United States best define a market and economic environment, covering all foremost aspects of industries and connected aspects. Not only has this, at Ken Research United States Market Research Report discusses the use of case scenarios in the public & private sector, competition analysis of current players in the industry & end-user perception via survey analysis.

Furthermore, Market Research Corporate in United States can also measure the efficiency of your own marketing. You can find out how well individuals know about your products and services. The results can give your ideas about operative packaging and advertising to create more brand awareness.

One of the focuses of market research is to recognize and understand the requirement of customers relating to price, quality, choice and convenience. A business must make sure it is delivering the accurate product, at the exact price, in the right place, at the right time. By distinguishing the requirements of customers through market research, businesses are able to reduction their level of perils and make business decisions that are more likely to be efficient. Customer requirements change over time, so it is essential for a business to keep up to date and be ground-breaking with its products. US Market future outlook paves the manner to explore industries and players positioning. Unlock our effective repository of the industries flourishing around the US and determine more about players and future opportunities. 

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Market Research Reports in United States

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Social Research Organization in India Can Predict Consumer Behaviour and Increases the Welfare of Humanity: Ken Research

 

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Research is a foremost tool to effectively assist and propel the decision making. Those functioning in the segment optimize their knowledge and efficiency to convey the organizations with the confirmation required to make the confident choices and conversant. It is efficient for all the types of businesses, comprising organizations, the government and the third sector. Market research is proficiently used in the variability of divergent forms and it is important portion of the marketing cycle.

Although, the social research is proficient method used by the social researcher to learn connected to the individual’s societies so that they can formed products or services that gain the countless demand of the individuals. The divergent socio-economic groups’ belongings to the divergent portions of an economy think contrariwise. The countless aspects of the individual behaviour requirement to be addressed to define their thoughts and feedback connected to the social world, which can be done optimizing the social research.

Ken Research is a proficient Social Research Organization in India is majorly aimed on experiencing practical, tangible insights and learning. We design, construe bespoke and deliver, innovative research, mixed methods to crease the sense of complex situations. Not only has this, we use the methods varying from the speedy evidence review, interviews, calls of evidence, surveys and aim groups to ethnographic methods and countless more. Market Research Company Specialized in Social Research operate to consistently scope what’s already well-known so we can aim on experiencing the new and exciting.

Top Market Research firms focusing on Social Media to gather information on the social phenomena. It conveys us with an understanding of the social life of dissimilar groups of individuals. Furthermore, the Ken Research proficiently concentrates in Nationwide and prodigious scale surveys for the non-profit, non-government association, domestic government and central government around India, Asia Pacific, UAE, Saudi Arabia via telephone assessment methods or statistically problematic face-to-face or door to door sample inspection method or hybrid technique (mix of any).

Program Monitoring & Evaluation, Need and Initiative Impact Assessment, Public Opinion, Public Policy effectiveness measurement, IEC research and designing are inaugurated by Ken Research under Social Research Campaigns Ken Research accomplishes an extensive nationwide field agents that are competent, briefed and observed by local supervisors and partners via software and agent dashboard. This empowers for larger or more intricate surveys to be cost-effective and fast, regardless of whether they are done exploiting the CAPI or paper based approaches (PAPI).

The team or personnel of Ken Research engross a diversity of approaches in facility to analyse a massive breadth of social singularities: from the census investigation data momentous from the millions of individuals, to the in-depth investigation of an individual agent's social remarks; from perceiving what is happening on contemporary boulevards, to the inspection of ancient historical pamphlets. Approaches engrained in classical sociology and statistics have premeditated the basis for the research in numerous other corrections, such as political science, media studies, program estimation and market research.

In addition, we have a commanding team of experts that are well competent with understanding the societal issues and deliver the sustenance for Statistical and econometric Analysis of Data. The Ken Research has been operational with renowned social workers, social scientists, researchers, health and enhancement economists who benefit in introducing the high-quality evidence on progressive efficiency to progress the lives of deprived people around the globe.

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Philippines Used Car Market Outlook To 2025: Ken Research

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The report titled “Philippines Used Car Market Outlook To 2025: The Pandemic Incited Increased Demand for Used Cars coupled with Increased Internet Penetration provides for Resilience in the Used Cars Market during the Economic Crisis”- provides a comprehensive analysis of the used car market trends and performance in the Philippines. The report covers several aspects such as volume of used cars sold & market size in terms of gross transaction value, target audience, growth facilitators, Government regulations, constraints & challenges faced by the industry, and so on. The report also covers a snapshot of the Philippines online used car market, business models, value chain analysis, SWOT analysis, buying decision parameters, competitive scenario, and company profiles. Philippines Used Car Industry report concludes with projections for the future of the industry market size, market segmentation, the impact of Covid-19, and analyst take on the future market scenario.

Philippines Used Car Market Overview and Size:

Philippines Used Car market is in its growth phase, having grown at a CAGR of 7.4% (by value in PHP Billion) during 2015-2020. A surge in the demand of private cars, coupled with convenient financing facilities, increasing per capita income, increased internet penetration and enhanced digitalization of the used car's space have been the salient factors leading to the growth of the used cars market in the Philippines.

Philippines Used Car Market Segmentations

By Market Structure (Unorganized, and Organized): The used car market in Philippines is primarily dominated by the unorganized segment occupying ~55% of the overall used cars market space. Most of the organized players operate in the Metro Manila region.

By Sales channel (B2C- Multi-brand Dealers, DDSAs, and Bank Repossessed Car Auctions): The used cars in the organized B2C market of Philippines are primarily sold via three channels- multi-brand dealers, Direct Dealership ales Agents, and Banks’s auctioning repossessed cars. The major share of the Philippines Used Car organized market is captured by the Multi-Brand dealers. On the other hand, volume of cars sold through Bank Repossessed and Direct Dealership Sales Agents is ~10% in the year 2020.

By Source of Lead generation (Online, Dealership walk-ins): In Philippines, the Used Car market has carved a niche in the online space. More than 4/5ths of the lead generation for used cars in the organized segment happened via the online platforms. The DDSAs (OEMs) have their own websites, and pages on social media, whereas several multi-brand dealers prefer listing their inventory on the classified platforms as well. Facebook is gaining traction as an online space for buying and selling used cars in the Philippines.

By Type of Car:  Sedans and SUVs are quite popular in the Philippines. Since the terrain of the country is generally rugged (especially in the Northern Luzon area), the demand for light commercial vehicles such as SUVs and MPVs is quite high. Pickup trucks are also a popular light commercial vehicle type preferred in Philippines.

By Price: The price range of PHP 300k to 500k accounted for the highest percentage share of used cars sold in Philippines in 2020.  Sedans are a widely demanded car type in the country and generally the Sedan used cars fall in this particular price range.

By Brand: Toyota is the market leader in Philippine’s accounting for the major share of sale of used cars by volume. Japanese brands such as Toyota, Honda, Nissan, Mitsubishi, and others, are the most preferred due to strong brand preference, reliability, longer life span, and higher retention value of the used vehicle.

By Region: Most of the used car’s market is concentrated in the NCR (Metro Manila) region. Since, it is the most economically developed region in the Philippines, the average age of replacement of cars is quite low, leading to more used cars availability in the area.

By Ownership Period: Generally, any new car in Philippines is owned for 4-6 years before it sold off. Therefore, the average age of used cars in the country also lies within the same bracket.

By Kilometers Driven: Since the average age of a used car in the Philippines is ~5 years and the average mileage of a used car happens to be approximately 50,000 kilometers. Therefore, cars with a mileage of 40,000-60,000 kilometers dominate the used cars market in Philippines in the year 2020.

By Fuel: Gasoline and diesel are the majorly preferred types of fuel in the country. The adoption of electric vehicles is at a very nascent stage accounting less than 1% share in the overall Philippines used car market currently.

Snapshot on Online Used Car Landscape

The online Used Car Market has been gaining traction in the last few years. There has been an immense expansion in the lead generation of used cars via the online means in the last decade. Facebook plays a key role in expanding the used cars market in Philippines. Emergence of online auto-portals and classified platforms such as Carousell, Carmudi, AutoDeal, Philkotse, Automart, etc., have provided increased visibility and credibility to the customer-to-customer transactions in the unorganized segment. The increasing internet penetration of the used cars market in the country is contributing positively to the growth of the industry.

Competitive Landscape of Philippines Used Car Market

There exists intense competition in the highly fragmented market with various OEM certified, brand authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry. While the banks also fall under the B2C organized segment, they do not exhibit any competitive characteristics as their sole purpose of auctioning the repossessed cars is to recover the losses incurred due to the delinquency of the borrowers. In order to compete with OEM certified cars, certain multi-brand dealers have started providing value added services in order to retain and expand their market share. However, the segment remains quite unexploited as not many dealers are currently providing any value-added services.

Philippines Used Car Future Outlook & Projections

The used car industry in Philippines is expected to demonstrate a decent growth in the future. It is expected to increase at a five-year CAGR of 8.9% (by value in PHP Billion) from 2020 to 2025E. It is expected that the share of the organized segment in the used cars space will increase over time as more brands are planning to enter the OEM pre-owned certified space. Certain foreign established C2B players are too considering Philippines Used Car market a growing and profitable venture. Moreover, people in Philippines are realizing the advantages of buying a pre-owned car and there has been a shift in the general consumer preferences.

Key Segments Covered: -

By Market Structure

Organized

Unorganized

By Sales Channel

Multi-brand Dealers

Direct Dealership Sales Agents

Bank Auctions

C2C (Customer to Customer) Transactions

By Source of Lead generation

Online

Dealership walk-ins

By Car Segment

Sedan

Hatchback

SUV

MPV

Pickup Vans

Others (convertibles, coupe, crossover, sports vehicles, and many more)

By Price

Less than PHP 100,000

PHP 100,000-300,000

PHP 300,000-500,000

PHP 500,000-700,000

PHP 700,000-1,000,000

More than PHP 1,000,000

By Brand

Toyota

Mitsubishi

Hyundai

Ford

Nissan

Honda

Isuzu

Suzuki

Others (Kia, Mazda, Mercedes, Audi, and many more)

By Region

Metro Manila

Northern Luzon

Southern Luzon (except Metro Manila)

Visayas

Mindanao

By Ownership period

Less than 2 years

2-4 years

4-6 years

6-8 years

More than 8 years

By Mileage

Less than 10,000 Kms

10,000-20,000 Kms

20,000-50,000 Kms

50,000-75,000 Kms

75,000-100,000 Kms

Above 100,000 Kms

By Fuel

Petrol

Diesel

Others (Hybrid and Electric)

Companies Covered

OEM Dealerships

Toyota Certified

Nissan Intelligent Choice

BMW Premium Selection

Mercedes Benz Certified Pre-owned

Banks (Repossessed Car Auctions)

EastWest Bank

Security Bank

BDO Unibank

Online Portals – Online Auto Classified Platforms

Carmudi

Carousell

AutoDeal

Automart

Zigwheels

Philkotse

Multi-Brand Dealers

Carmax

Carmix (by Lausgroup)

Automobilico

All Cars

Five Aces

Berylle Car Sales

Time Period Captured in the Report: -

Historical Period – 2015-2020

Forecast Period – 2021-2025

Key Topics Covered in the Report

Philippines Used Car Market Overview

Philippines Used Car Market Size, 2015-2020

Philippines Used Car Market Segmentation, 2020

Growth Drivers in Philippines Used Car Market

Issues and Challenges in Philippines Used Car Market

Government Regulations

Ecosystem and Value Chain of Used Car Industry in Philippines

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multi-brand Dealers and Company Profiles & Product Portfolios

Snapshot on Online used car market

Future Market Size and Segmentations, 2020-2025E

Covid-19 Impact on the Industry & the way forward

Pricing Analysis (By Age, Mileage, Brand and Car type)

Depreciation Calculation Tool

Analyst Recommendations

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

Philippines Used Car Market Future Growth

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Contact Us: -
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