Friday, May 27, 2022

North America Water Purifier Market Future Outlook: Ken Research

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According to our research analysis, North America water purifier market 2021-2031 is projected to grow by 7.9% annually in the forecast period and reach USD 14,186.4 million by 2030, driven by the lack of freshwater sources, decreasing quality of the world's water, growing promotional activities for water purifiers and rising demand for industrial water purifiers.

Highlighted with 58 tables and 54 figures, this 132-page report North America Water Purifier Market 2021-2030 by Technology, Mode of Operation, Portability, Distribution Channel, End User, and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire North America water purifier market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2030 with 2021 as the base year. 



In-depth qualitative analyses include identification and investigation of the following aspects:

  • Market Structure
  • Growth Drivers
  • Restraints and Challenges
  • Emerging Product Trends & Market Opportunities
  • Porter's Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America water purifier market in every aspect of the classification from perspectives of Technology, Mode of Operation, Portability, Distribution Channel, End User, and Country.

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Based on Technology, the North America market is segmented into the following sub-markets with annual revenue (USD mn) for 2021-2030 included in each section.

  • Ultraviolet (UV) Purifiers
  • Reverse Osmosis (RO) Purifiers
  • Gravity-based Purifiers
  • Sediment Filters
  • Water Softeners
  • Ultrafiltration (UF)
  • Other Technologies

Based on Mode of Operation, the North America market is segmented into the following sub-markets with annual revenue (USD mn) for 2021-2030 included in each section.

  • Pitcher Filter
  • Under Sink Filter
  • Shower Filter
  • Faucet Mount
  • Water Dispenser
  • Replacement filters
  • Counter Top
  • Whole House
  • Other Modes of Operation

For More Information, refer to below links:

North America Water Purifier Market Research Report

Related Report: -

North America Digital Manufacturing Market 2021-2031 Research Report by Size, Share, Growth, Demand, Revenue, Trend, Forecast, and Future Outlook

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Ankur Gupta, Head Marketing & Communications

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Egypt Fitness Market is anticipated to grow at a tremendous rate @16.0% CAGR on account of increasing health concern among the population and their escalating willingness to spend on fitness services: Ken Research

Egypt News

      Increasing awareness about the consequences of obesity that include high blood pressure, heart strokes, and diabetes will spur the demand for boutique and budget fitness centers in the country.

      The offline fitness centers in Egypt Health and Fitness market are expected to contribute majority of the revenue share with online fitness market anticipated to show a tremendous double digit growth @31.7% CAGR in the forecasted year.

      Reform in curriculum by Egyptian Government to accommodate more formal Physical Education with hope to create positive perception public towards health and fitness will drive the growth of University based Fitness Centers.

Growth in Hotel Based Fitness Centers: A growing desire for maintaining healthy lifestyles and enjoying unique experiences while traveling along with eestablishments of 50 more star hotels, belonging to hospitality giants like Marriott, Accor, Hilton which are in the pipeline will result into growing hotel-based fitness centres in Egypt.

Diversified Offerings: In upcoming future, the market will be driven by the hybrid clubs which are not only equipped with fitness equipments but will also offer bundled wellness services such as spa therapies, beauty services and salon services under a single roof.

Growth of Digital Fitness Applications: Digital fitness application in Egypt is expected to contribute $75.1 Mn Revenue in 2025 with total penetration to increase from 13.1% in 2020 to 29.6% in 2025. Digital variations and tech innovations such as including online database engines that customize fitness training programs based on an individual’s profile and a system that displays live heart-rate data so the leader of a group-exercise session can offer one-on-one guidance in real time will lead to the growth of digital fitness market.

The report titled Egypt Fitness Services Market Outlook to 2025F – Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Countryby Ken Research suggested that growing awareness of health benefits, increasing disposable income, rising awareness regarding obesity along with growing annual sponsored events has been the major key factors which drives the demand for fitness services centers in Egypt. The market is further expected to register a positive five-year CAGR of 17.2% in terms of revenue during the forecast period 2020-2025F.

Key Segments Covered in Egypt Fitness Market:-

Direct Economic Impact of Fitness Centres

Overview of Commercial Gyms in Egypt 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

Egypt 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

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020–2025

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Key Topics Covered in the Report:-

Socio-Economic Landscape of Egypt

Direct and Indirect Economic Impact of Fitness Industry in Egypt

Overview of Commercial Gyms in Egypt Health and Fitness Market

Snapshot of Digital Fitness Market in Egypt

Assessment of the Indirect Economic Impact of Fitness Industry in Egypt

Egypt Fitness Equipment Industry Market Size

Evaluation of Premiumization on Real Estate Sector

Assessment of the Indirect Economic Impact of Fitness Industry in Egypt

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 the Egypt

Future Outlook and Projections for Egypt Fitness Services Market

White space and Opportunities existing in the Egypt Fitness Services Market

Research Methodology

Egypt Fitness Services Industry

Egypt Fitness Services Market Revenue

Egypt Fitness Services Market Sales

Covid-19 Impact Egypt Fitness Services Industry

Fitness Industry Egypt

Fitness Market Egypt

Digital Fitness Market in Egypt

Commercial Gyms in Egypt Health and Fitness Market

Egypt Fitness Centres in Hotels and Resorts

Egypt Fitness Centres in Schools and Universities

Egypt Fitness Centres in Hospitals

Egypt Fitness Centres in Sports Clubs

Egypt Fitness Centres in Government Organizations

Egypt Fitness Equipment Industry

Fitness Equipment Market Egypt

Residential Gyms Egypt

University Gyms Egypt

Medical Fitness Centres Egypt

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

Egypt Fitness Services Market

Related Reports:-

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Philippines Health Tech Market had a slow growth initially. The slow growth corresponded to poor internet penetration and lack of technology awareness. Unorganized health tech infrastructure and a less tech-savvy population led to the accumulation of unharmonized healthcare data. The government faced a major difficulty when the healthcare challenges kept on increasing with the growing population. Increasing need and high government interest positively drove the Philippines health tech industry.

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

Indonesia Health Tech market grew at a very high growth rate over the review period 2017-2020 and was further supported by an increase in health awareness among the younger population, the advancement of technology in the market, introduction of new platforms in the market. The entry of domestic players with international investments has also contributed to the same. Strong growth was observed in Indonesia's health tech industry majorly due to high-end user demand.

India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000 ,₹1000 - ₹ 10,000 , ₹10,000 - ₹ 20,000 and Above ₹ 20,000) and By Sales

The India Consumer Wearable industry has grown at a CAGR of 32.0% on the basis of revenue over the period 2015-2020. The young demographics and high disposable income in the country is one of the largest growth drivers of the industry. Continuous investment in research & development and marketing activities by the wearables manufacturers is positively impacting the industry’s growth.

KSA Fitness Services Market Outlook to 2025F - Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers

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.

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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Global Needle Free Technologies Market Size, Share and Growth : ken Research

The global Needle Free Technologies market is expected to reach USD XX Million by 2027, with a CAGR of XX% from 2020 to 2027, based on HNY Research newly published report.

The prime objective of this report “Global Needle Free Technologies Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027 “is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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By Market Verdors:

Antares Pharma

Bioject Medical Technologies

Glide Pharmaceutical Technologies

PharmaJet

BD

By Types:

Fillable Needle-Free Injectors

Prefilled Needle-Free Injectors

By Applications:

Hospitals

Clinics

Others

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.



Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

For More Details-

global Needle Free Technologies market research report

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Global Leukemia Cancer Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027

Global Saliva Collector Kits Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027

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Ankur Gupta, Head Marketing & Communications

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Egypt Remittance Market Outlook to 2023: Ken Research

 

Egypt has been one of the finest Arabian countries in terms of labour supply. This results into high international inbound remittance across the country. The domestic remittance transactions are high which is owing to growth in internal migration and growing urban population. The effective growth in nuclear families in the country has resulted into augmented the bill payment activities as number of subscribers for utilities, mobile telephone services and internet are on increment. Even though the international remittance market has slowed down since 2016, it is projected to recover as Middle Eastern economies invest to expand.

According to the report analysis, ‘Egypt Remittance Market Outlook to 2023 - By Inbound and Outbound Remittance, By Transfer Mode (Bank Transfer, Through Friends or Relatives, Through Agent or Courier, Carried Money on Their Visits, and Others), By Banking and Non-Banking Transfer, By Bill Payment Type (Mobile Services, Internet Services, Utilities, and Others), By Bill Payment Mode (Cash Payments, Card Payments, and Fund Transfers)states that the competition within Egypt International Remittance market concentrated in nature with the existence of Western Union, RIA Money Transfer, and MoneyGram. Other companies that function in the space are OFX, XE Trade, Payoneer, and more, however they account for smaller share. in domestic remittance space Egypt Post registers the market which is followed by ITSC Egypt (that functions in collaboration with Egypt Post), whereas HSBC Egypt is the greatest private company that functions in domestic money transfer services in Egypt. The Bill Payment Market in Egypt is fragmented in nature with existence of companies such as Masary, Fawry, Bee, Sadad, Aman, and several others, in which Fawry and Masary combined registered for majority of the market share.

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The inbound remittance has been the leading source of transaction whereas outbound remittance registers for a marginal share; it is majorly owing to the high Egyptian migration in other countries for better job opportunities. Saudi Arabia, Kuwait, UAE, Jordan among others have been key inbound remittance flow corridors which are majorly owing to the substantial Egyptian migration to these countries, whereas resident from countries likewise Syrian Arab Republic, West Bank and Gaza, Lebanon, and other have been key countries accountable for outbound remittance from Egypt. in Egypt International Remittance Market, bank transfer that involves usage of cheques, drafts, direct deposits, and others accounts for a major share during 2018. However, about one-fourth of the population still rely on their friends and relatives to send or receive money. It is mainly owing to the absence of trust on banking channels and it is the least expensive approach for migrants to save the transaction fee and taxes.

Expected continual growth in Egyptian migrants in other countries, internal migration, and growing use of internet and mobile services is projected to sustain the growth of Egypt Remittance Market. However, policy changes across Saudi Arabia are predicted to negatively impact the international remittance market across Egypt. Most of the Egyptian workers in Saudi Arabia are either predicted to return to Egypt or move to other country in search of other improved employment opportunities.

Key Segments Covered

Egypt International Remittance Market

By Inbound and Outbound Remittance

By Major Flow Corridors

  • Inbound Flow Corridors
  • Outbound Flow Corridors

By Mode of Transfers

  • Bank Transfers
  • Through Friends or Relatives
  • Through Agent or Courier
  • Carried Money on Their Visits
  • Single Size
  • Custom Size

Egypt Domestic Remittance Market

By Channel of Transfer

By Major Flow Corridors

  • Banking Transactions
  • Non-Banking Transactions

By Major Flow Corridors

  • Bank Transfers
  • Egypt Bill Payments Market

By Type of Bill Payments

  • Mobile Services
  • Internet Services
  • Utilities

By Mode of Bill Payments

  • Cash Payments
  • Card Payments
  • Fund Transfers

Key Target Audience

  • Money Transfer Organization
  • Bill Payment Companies
  • Banks

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2019-2023

Companies Covered:

  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Egypt Post
  • ITSC Egypt
  • HSBC Egypt
  • Fawry
  • Masary
  • Bee: Smart Payment Solutions

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Egypt Remittance Market – Overview and Genesis
  • Egypt International Remittance Market
  • Egypt Domestic Remittance Market
  • Egypt Bill Payment Market
  • Egypt Remittance Market Consumer Profile
  • Value Chain Analysis of Egypt Remittance Market
  • Government Regulations in Egypt Remittance Market
  • Issues and Challenges in Egypt Remittance Market
  • Trends and Growth Drivers
  • Competitive Landscape and Company Profiles in Egypt Remittance Market
  • Future Outlook and Projections of Egypt Remittance Market
  • Analyst Recommendations

For More Information, refer to below link:-

Egypt Remittance Market Research Report

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International Remittance Industry in Qatar: Outlook to 2025

International Remittance Industry in Saudi Arabia: Outlook to 2025

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

5 Proven Action Plans for Increasing Your Net Promoter Score to Drive Business Growth

 Want to improve your NPS? Here are 6 proven action plans to increase your net promoter score and gain more loyal customers in 2022.

We live in a customer-centric business world, where customer experience is regarded as the “king”. It is the most important indicator of your company’s success, after all a satisfied and happy customer is the one who is likely to become a loyal customer, and in turn boosts revenue. That is why more than two thirds of companies say they mostly compete on improving experiences, instead of outdoing each other with new product features or constantly engaging in price race.

But, then how to accurately gauge customer experience and their loyalty to your company?

The answer is simple: Net Promoter Score, in short NPS.



NPS is a metric that companies use to measure customer experience, satisfaction and loyalty. Besides, it allows you to benchmark yourself against your competitors and observe how effective your consumer-oriented decisions are. Having, a high NPs simple means that customers are happy with your brand, and would like to continue with your products or services and will recommend the same to others. Consider this an average NPS increase of 7% correlates on average with a 1% growth in revenue (Source: London School of Economics).

Look at companies such as Nike, Amazon, Apple, Netflix, etc. who have been able to maintain consistently high NPS, and have been able to build up their brand into the market leaders they are today.

Given its significance, improving NPS has indeed become a necessity for the businesses?

How to calculate NPS?

But, before going further, let’s quickly understand as to how to calculate NPS and what is considered as a good NPS.

Typically, NPS comes in the form of a customer survey typically sent to the customers at least twice a year. To calculate NPS, survey customers and see how likely they are to recommend your business on a scale of 0-10.

  1. Start with the standard one question which is “on a scale of 0 to 10, how likely are you to recommend this business to a friend or a colleague?”
  2. Categorize the responding customers according to their scores: Detractors (0-6), Passives (7-8), and Promoters (9-10).
  3. Subtract the percentage of Detractors from the percentage of Promoters to determine your overall NPS.



Generally speaking, a NPS that is below 0 indicates that a business has a lot of customer satisfaction issues to address. A score between 0 and 30 is better, however, you can still improve, while a NPS higher than 30 indicates that the company has quite a good number of happy and satisfied customers.


How to get a better NPS score?

Now that we have understood the fundamentals of NPS, let us review the action plans for increasing your NPS to improve and grow your business

We have come up with the four major action plan that will help you to improve your NPS score:

  1. Focus on better customer experience (CX)

Customer experience (CX) is incredibly valuable for all the businesses, and over the time it has moved from being a competitive differentiator to a key business imperative. Companies that lead in customer experience are now outperforming their competitors by nearly 80%.

 “71 percent of people recommend a product or service because they received a “great experience”. - PWC Report

Without being customer-focused, it is difficult for businesses to stand out of the competition. So, it is essential to know your customers’ needs and expectations and aligning your solutions closely as this will encourage customers to be loyal towards your brand and increase the satisfaction rate.

Besides, being customer-focused means businesses should put the effort into understanding the customer journey to identify their needs and expectations. Though, understandably, your customers are likely to have different journeys in accordance to their touchpoints and engagement level, so you need to undertake an all-inclusive customer journey mapping to know your customers’ persona, understanding their needs and desires, framing out their touchpoints, and more importantly identifying their pain points. Subsequently, recognize the journey that is pushing the net promoters and detractors. Once you are aware of your customer journey, you can definitely improvise on the touchpoints that are driving your net promoters and detractors, while delivering an excellent customer experience.



2.    Segment your customers to create tailor-made strategies addressing each segment

Customer segmentation is important for understanding your customers. You can segment audiences based on revenue, products, service plans or customer personas. NPS naturally segments customers into three categories – the Detractors (customers scoring between 0 and 6), Passives (customers scoring between 0 and 8), and Promoters (customers those who respond with 9 or 10). By diving them into these three segments, you can gain valuable insights into your customers and leverage your NPS data better. Subsequently, you can create tailor-made strategies to address each segment by focusing better on their needs & pain points, your value proposition, and customer service experiences, and thereby improving them further.



3. Swiftly Follow up with Detractors

For those companies who ignore detractors, it simply means that they have lost that customer forever. However, if you follow up on negative feedback quickly not only can you help negate the impact of that review, there’s a good chance you might also retain (repeat) that customer or even, turn them into a promoter gradually by showing your attention & efficiency. For this, it is essential that you get in touch with your detractors quickly and directly. Let them know that you value them and you are following up their issues, and try to understand their perspective.



4. Incentivize Your Promoters

Though efforts should be made to make every customer feel special, but it is important not to forget to nurture you promoters as they are the largest revenue generator of any company. Remember that you cannot afford to neglect and just focus on detractors or take this segment for granted as this could in turn drive away your loyal customers. They could perceive your actions as rewarding those who complain while they themselves are getting nothing for their loyalty.

One of the best ways you can opt for is giving them incentives such as discounts, free giveaways, VIP events, free upgrades and special buying opportunities to them as these can certainly help in both acquiring and raising your net promoter score, while also encouraging customers to give you reviews for your NPS metrics. Besides, to improve your NPS, you can create a loyalty program or revamp your existing customer loyalty program to regular customers to demonstrate that you value their relationship.



5. Measure customer feedback regularly to improve NPS

Keeping a regular check on the scores is an important way on how to improve NPS. No matter if your scores are consistently good, still you need to monitor and measure it regularly. By making improvements continuously based on the score results, you can witness further improvement, and failing to do so will impact your loyalty. The key area of NPS rests in the customer insights gained through regular implementation of surveys, based on which you can develop strategies to improve customer loyalty.



Know and improve your NPS!

Finding your NPS is a great place to start, but finding out what is behind it and constant monitoring NPS takes your business to the next level. It not only helps you gauge customer satisfaction and loyalty but also helps you identify ways to improve, prioritize reaching out to the detractors, and boost referral marketing. And, as you know referred customers have a 16% higher lifetime value and ROI than others!



So, are you ready to discover your Net Promote Score (NPS) and what is driving it? Comment below.