Credit Disbursed from Singapore Auto Finance Industry is expected to witness a CAGR of 8.9% during 2020-2025: Ken Research

·       Singapore hasn't had a car manufacturing plant since Ford closed its factory several decades ago, effectively ending automobile production on the island owing to which it imports all its cars from other countries.

·       Increasing Number of Auto Finance service providers are focussing on improving their Value Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others.

·       The rise in private car service financing is driving the Singapore automotive financing market. The objective of car service financing is to create a financing program that offers flexible leases, weekly rentals, and discounts to purchase new cars to potential drivers.

Improving Digital Infrastructure: Major Auto Finance Players of Singapore are increasingly focussing on improving IT and investing in technology in order to retain their customers in the highly competitive market of the country. Singapore’s Auto customers are already responding to the advent of big data, open data and digital technologies.  Banks in the country are seeing machine learning as the real fit when it comes to optimizing financing and loan processes, such as credit scoring, risk management, and compliance reporting for a better infrastructure.

Emerging Green Car Loans: Singapore has put in a suite of measures to encourage drivers to switch to electric vehicles, which are more environmentally friendly, and is aiming to phase out all internal combustion engine vehicles by 2040. This means all vehicles should either be hybrid or run on electricity in 20 years. Owing to the above reason, the country is expected to witness an increase in Green Car Loans in the future with several Auto Finance players introducing a portfolio of these.

Introduction of New Business Models: Owing to its limited area, Singapore has strict car buying rules and regulations as Government is trying to curb the car population by driving prices upwards in the country. Owing to the above reason, new business models such as Shared Ownership and more may emerge in future in Singapore to increase Car Sales.

Analysts at Ken Research in their latest publication “Singapore Auto Finance Market Outlook to 2025- Led by Green Car Loans, Growing Digital Advancements, Increasing Number of Finance Aggregators”, the Singapore Auto Finance Market has been evolving in the country due to factors such as rising private car service demand due to changing consumer patterns owing to reasons such as Government policy restrictions on car ownership; improving transportation infrastructure and technology such as EVs leading to higher Green Car loans; rising investment in technologies such as IoT, Big Data, Open Data, AI, and more to simplify the loan application process; growing presence of finance aggregators in the region to improve sales and financing process. The market is expected to register a positive CAGR of 8.9% in terms of credit disbursed during the forecast period 2020-2025.

Key Segments Covered:-

By Type of Cars Financed- (Units)

New Vehicles

Used Vehicles

By Credit Disbursed (By SGD Billion)

Commercial Vehicles

Passenger Vehicles

New Vehicles

Used Vehicles

Motorcycles

By Loan Outstanding (By SGD Billion)

Commercial Vehicles

Passenger Vehicles

New Vehicles

Used Vehicles

Motorcycles

By Type of Institution (Loan Outstanding) (SGD Billion)

Banks & Subsidiaries

Finance Companies

Others

Companies Covered

(Banks)

DBS Bank

UOB

MayBank

OCBC

Standard Chartered Bank

(Finance Companies)

Hong Leong Finance

Singapura Finance

Sing Investment & Finance

Singapore Auto Finance Property Holdings

Credit Master

Carro

SG Cash N Cars

Speed Credit

SF Holdings

Accord Motoring

Vincar

Goldbell Financial Services

Capitall

Money Max Leasing

Key Target Audience

Existing Auto Finance Companies

Banks

OEM Dealerships

Captive Finance Companies

Credit Unions

Private Finance Companies

New Market Entrants

Government Organizations

Investors

Auto mobile Associations

Auto mobile OEMs

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Comprehensive analysis of Singapore Auto Finance Market and its segments.

Listed major players and their positioning in the market.

Identified major industry developments in last few years and assessed the future growth of the industry.

Auto Finance Market in Singapore

Singapore Auto loan Market

Singapore Green Car loan Market Sales

Singapore Green Car Finance Market

Singapore Auto Finance Market Revenue

Singapore Auto Finance Market Future Outlook

Covid-19 Impact Singapore Auto Finance Industry

Covid-19 Impact Singapore Auto Finance Market

Singapore New Vehicles Finance Market

Singapore Used Vehicles Finance Market

Singapore Commercial Vehicles Finance Market

Singapore Passenger Vehicles Finance Market

Singapore Motorcycles Finance Market

Singapore Automotive Market

Singapore Automotive Finance Aggregator Market

Singapore Auto Finance Companies

Singapore Passenger Car Market Sales

Singapore Commercial Car Market Sales

Singapore New Car Sales Market

Singapore Used Car Sales Market

Singapore On Road Vehicles Market

DBS Bank Auto Finance Market Shares

UOB Auto Finance Market Shares

MayBank Auto Finance Market Sales

OCBC Auto Finance Market Shares

Standard Chartered Bank Auto Finance Market Revenue

Hong Leong Finance Auto Market Revenue

Singapura Finance Auto Market Revenue

Sing Investment & Finance Auto Market Revenue

Credit Master Auto Finance Market Shares

Carro Auto Finance Market Shares

Speed Credit Auto Finance Market Shares

SF Holdings Auto Finance Market Sales

Accord Motoring Auto Finance Market Shares

Vincar Auto Finance Market Shares

Capitall Auto Finance Market Shares

Pasar Kewangan Auto Singapura

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

Singapore Auto Finance Market

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Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth

Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period

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India Construction Chemicals Market is expected to reach ~INR 11,000 Cr in Revenue by FY’25: Ken Research

Construction sector had to bear the worst impact of COVID 19 as there was a major financial and manpower crunch in the market. This indirectly impacted the construction chemicals market adversely.

The Concrete Admixtures market is anticipated to grow the fastest, with a CAGR of 11.7% during the forecast period FY’20-FY’25.

Adoption of Sustainable Products and Technological Advancements: The demand for products with features like longer durability, environment friendliness and anti-corrosion capabilities is increasing among consumers. In addition to this, stricter environmental regulations from governments are also driving the demand for greener solutions. This has motivated companies to opt for eco-friendly construction chemicals. The construction chemicals domain is highly cost-competitive in India.

Massive Potential in Commercial Construction Industry in India: Commercial construction activities are the major end users of construction chemicals in the country. Construction chemicals are mostly used in the commercial sector for good quality and sustainable construction practices, which include watertight concrete, fast construction, and durable hassle-free flooring solutions. The government of India’s commitment to increase spending on infrastructure and housing development will bode well for the expansion of the construction chemicals market in the country. The upcoming major commercial projects in the country are to present a huge growth potential for the construction chemicals in India.

Increasing investments in Research and Development: The leading construction chemical players in India are investing in research & development activities to achieve a competitive edge. Manufacturers need to work with construction industry experts and end users to develop new construction chemical products.

The report titled “India Construction Chemicals Market Outlook to 2025: Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market” by Ken Research suggested that the India construction chemicals market is expected to grow further in the near future, with the growing residential and commercial construction. The market is expected to register a positive CAGR of 10.0% in terms of revenue during the forecast period ofFY’20-FY’25.

Key Segments Covered in India Construction Chemicals Market:-

By Type of Construction Chemical Market

Organized

Unorganized

By Type of Construction Chemicals

Concrete Additives

Waterproofing

Tile Adhesives

Flooring

Repair and Rehabilitation Chemicals

Sealants

Grouting chemicals

Coatings

By Type of Concrete Additives Market

Organized

Unorganized

By Type of Waterproofing Market

Organized

Unorganized

By Type of Tile Adhesives Market

Organized

Unorganized

By Type of Flooring Market

Organized

Unorganized

By Type of Repair and Rehabilitation Chemicals Market

Organized

Unorganized

By Type of Sealants Market

Organized

Unorganized

By Type of Grouting Chemicals Market

Organized

Unorganized

By Type of Coatings Market

Organized

Unorganized

Key Target Audience:-

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Grouting chemical companies

Coating companies

Time Period Captured in the Report:-

Historical Period: FY’15-FY’20

Forecast Period: FY’20-FY’25

Construction Chemical Companies in India:-

Fosroc

Sika

Jotun

BASF

Thermax

MYK Laticrete

Asian Paints PPG

Asian Paints

Chryso

Chembond

Pidilite

STP Limited

Mapei

Ardex Endura

Zydex

Flowcrete

McCoy Soudal

Bostik

Choksey

Sunanda

Cipy

Saint Gobain Weber

MC

Key Topics Covered in the Report:-

Global overview of construction chemicals market

Construction Chemical Market Ecosystem

Value chain Analysis of Construction Chemicals market

Demand side analysis of Construction Chemicals market

Porter’s Five Forces Analysis of the Indian Construction Chemicals Market

SWOT Analysis of Construction Chemicals Market

Key Trends in India Construction Chemicals Ecosystem

Government’s Role in the Indian Construction Chemical Market

Challenges Faced by Construction Chemical Market

Recent Developments in India Construction Chemical Market

Import Scenario in India Construction Chemical Market

Export Scenario in India Construction Chemical Market

India Construction Chemicals Market End User Analysis

India Construction Chemicals Market Size and Segmentation

Market Share of Construction Chemical Companies on the basis of Revenue

Financial Analysis of the Industry

Financial and Business Landscape of India Construction Chemicals Players

Product Landscape of India Construction Chemicals Players

Company Profile of Major Construction Chemical Companies in India

India Construction Chemicals Market Future Outlook and Projections

COVID-19 Impact on the Construction Chemicals Industry

Forward Path and Recommendations

Analyst Recommendation

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

India Construction Chemicals Market

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MENA Health and Fitness Services Market Size 2021 By COVID-19 Impact on Industry Share, Growth, Business Challenges, Demand, Key Manufacturers: Ken Research

Executive Summary

The report titled “MENA Fitness Services Market Outlook to 2025F– Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the country” provides a comprehensive analysis of the fitness industry of MENA. The report covers various aspects including the Market Size, Current Penetration, Total Number of Establishment, Total Number of Active Members, Direct Economic Impact and Indirect Economic Impact,  Socio  Economic Implications, Consumer Preferences and Trends Analysis, Major Trends and Development, Government Initiatives and COVID Impact. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

MENA Fitness Services Market

Strong growth of 18.1% CAGR with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy to drive market growth. Millennials and Gen Z make up the larger proportion of doing fitness class activities and are motivated by workout experiences that deliver on Balance, Routine and Prevention. Even with considerable growth, the MENA Fitness market is still relatively immature compared to other countries such as UK and UK with just 1.4% of the population participating in Fitness Centres. The MENA fitness market is undergoing transformation and disruption with Saudi Arabia and Israel being the two largest fitness markets contributing more than 50.0% of the Revenues for 2020. In this region, Turkey has the largest market in terms of revenue and Qatar has the greatest penetration rate.

KSA Fitness Services Market

KSA Fitness Services Market is under-penetrated market with less than ~% of the population actively participating in a fitness centres. Substantial increase in health problems since the past decade including diabetes, obesity, hypertension and others has increased the demand for fitness services in KSA. Owing to this spur in demand for fitness services, major fitness chains and gyms have been expanding their presence throughout Saudi Arabia market. Other major multinational fitness service providers such as Gold’s Gym and Curves have been taking the franchisee route to enter the Saudi Arabia market. Growing youth population in the country, along with ease in laws for women has benefitted the market. Majority of the fitness centres in KSA are clustered in prime locations such as Riyadh, Jeddah and Damman. The growing number of women-only gyms in the kingdom are reporting a booming business after grant of Licenses with Few popular Ladies only gyms such as NuYu, Sukoun Wellness, Glowfit, Kinetico and more.

Israel Fitness Services Market

Israel is a leading fitness and wellness destination with abundance of wellness retreats, spa breaks, and boot camps offering in a fitness centers with state of the art equipment. Growing awareness regarding balanced lifestyle, access to low cost budget fitness centers and growth of well equipped gyms with state-of the art equipment are fueling the market growth. Opening up of ladies dedicated gyms such as Fitwell Ladies Fitness Centers with female professional trainers to guide woman's pursuing exercises has created new segment and increased the female memberships in the country. Independent gyms and fitness centers focusing on health & fitness of the customers contributed majority of the market revenue. Major fitness chains such as Lunge Studio and Sky Gym offers a variety of services such as measuring the percentage of fat, muscle mass, abdominal fat, weekly weighing and more and accordingly composes the training and menu for an individual.

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Egypt Fitness Services Market

Egypt Fitness Services Market is a largely under-penetrated market with less than ~% of the population actively participating in a Fitness Centres. Rising disposable income accompanied with improvement in infrastructure pertaining to fitness centres are fueling the market growth. Tech-enabled high-end fitness offerings, usually backed by strong social media credentials and cult following along with budget fitness chains are expanding in Egypt. Entry of major fitness chains such as UFC, Science gym, Be Fit 360, Gold’s Gym are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

UAE Fitness Services Market

The fitness market in UAE has witnessed strong growth with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. Growing health conscious population, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases has been the major key factors which drives the demand for fitness services centers in UAE. The rise of female-only fitness centres, online fitness apps along with growth in boutique gyms are driving the commercial fitness market in the country. Disruptors, such as Gym Nation with their low-cost and big facilities along with aggregators, such as ClassPass offering classes in more than 140 gyms across the city for a set monthly fee instead of annual memberships is dramatically increasing member penetration.

Turkey Fitness Services Market

Robust growth in the Turkey Fitness Industry has been driven by increasing health concerns and awareness among the population along with strong growth in digital offerings directly contributing to the economy. The shift of the millennial generation to healthier lifestyle along with increasing disposable income and to overcome health issues such as diabetes and cardiovascular diseases has brought the importance of physical exercise to the fore driving the demand for fitness centers  over the last decade. Majority of the fitness centres in Turkey are clustered in prime locations near Istanbul and Ankara. Istanbul alone has ~400 small and medium-size fitness clubs, 25% of which were opened within the last one or two years. The increasing number of integrated services offered by the fitness centers such as Aero boxing, Zumba, Martial arts, swimming and others to the customers has intensified the demand for these services in the country.

Algeria Fitness Services Market

The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rate in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth . The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment. Entry of major fitness chains such as Anytime Fitness and ENERGYM are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

Morocco Fitness Services Market

The fitness market in Morocco is an underpenetrated market with less than 15 of the population being an active member of fitness centers. However, fitness centers along with health & wellness trend in Morocco is gathering pace as more consumers have been made to question their overall health due to sedentary lifestyle. Growing youth population belongsing to the age group 15-54 years along with increasing health risks awareness amongst the population and evolving business model of fitness centers are fueling the market growth . Fitness brands are actively optimizing their business models, integrating behavioral science into health and fitness through personal and group sessions encouraging clients to focus on their fitness goals. An increasing number of yoga studios have also been opened in Morocco, accompanied by international yoga events held across the country. Majority of the fitness centres in Morocco are clustered in prime locations such as Casablanca, Marrakesh and Rabat.

Oman Fitness Services Market

Oman fitness market contributes 0.2% of the GDP facilated by new foreign players and regional expansion of the fitness clubs, gyms and centers. The expansion spreads across various systems like presence of gyms in universities, schools and hotels as well as across the major cities of the country. The market is currently placed in growth stage with strong possibility for further development at a faster pace with positive trends expected in the industry. Future growth is driven by increase in the average number of members involved and active members. Entry of major fitness chains such as Horizon fitness followed by Flex fitness and Gold’s Gym are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

Qatar Fitness Service Market 

The fitness market in Qatar has witnessed strong growth with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. Rise in Personal Disposable Income, High Rates of Obesity, Rising Awareness about Health & Fitness , Increased Investment in Ladies Fitness Centres, Government Initiatives and to overcome health issues such as diabetes and cancer has been the major key factors which drives the demand for fitness services centers in Qatar. Commercial Gyms generated more than 85.0% revenue in Qatar Fitness Market and is expected to grow 11.9% CAGR during the forecasted year

Key Segments Covered in MENA Fitness Market

• Direct Economic Impact of Fitness Centres
• Overview of Commercial Gyms in MENA Health and Fitness Market
• Overview of Fitness Centres in Hotels and Resorts
• Overview of Fitness Centres in Schools and Universities
• Overview of Fitness Centres in Residential Townships/Compounds
• Overview of Fitness Centres in Hospitals
• Overview of Fitness Centres in Sports Clubs and Govt. Organizations

• Indirect Economic Impact of Fitness Centres
• MENA Fitness Equipment Industry Market Size
• Evaluation of Premiumization on Real Estate Sector
• Estimated Cost of Constructing a Fitness Centre

Key Target Audience

• Fitness Equipment Manufacturers
• Fitness Equipment Distributors
• Fitness Centres
• Government Organizations
• Real Estate Consultants
• Fitness Association.

Time Period Captured in the Report:

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

Key Topics Covered in the Report

• Socio-Economic Landscape of MENA
• Direct and Indirect Economic Impact of Fitness Industry in MENA
• Overview of Commercial Gyms in MENA Health and Fitness Market
• Snapshot of Digital Fitness Market in MENA
• Assessment of the Indirect Economic Impact of Fitness Industry in MENA
• MENA Fitness Equipment Industry Market Size
• Evaluation of Premiumization on Real Estate Sector
• Assessment of the Indirect Economic Impact of Fitness Industry in MENA
• Overview of Healthcare Scenario/Health Statistics
• Potential Health Implications and Health Cost Reductions
• Customer Mindset for Fitness Services
• Impact of COVID 19 on Fitness Industry in MENA
• Future Outlook and Projections for MENA Fitness Services Market
• White space and Opportunities existing in the MENA Fitness Services Market
• Research Methodology

For more information on the research report, refer to below link:

MENA Fitness Services Market Research Report

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UAE Fitness Services Market Outlook to 2025F (Second Editiion) - Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the country

Qatar Fitness Services Market Outlook to 2025F - Driven by increasing health concerns resulting in addition of number of health clubs and gyms

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249