Global Market Research Reports : Ken Research

Wednesday, August 3, 2022

Government efforts to replace plastics with biodegradable and environmentally favorable alternatives will be the Future Catalyst for Biocomposites Market in North America: Ken Research

Rising environmental concerns supported by the increasing need for lowering emission levels is expected to provide a strong thrust to the growth of the biocomposites market.
With growing technical breakthroughs aimed at discovering novel composite materials and new uses, as well as investment in research and commercialization of final goods.
Plastic packaging is one of the latest application trends for bio-based polymers. In combination with natural fibers, they can offer excellent prospects for environmental marketing, particularly in bio-cosmetic cans or packaging for bio-based detergents.

Government support for use of bio-based composites: Growing environmental awareness and growing global waste problems are making governments aware of environmental hazards and encouraging them to support innovation and commercialization of the use of bio-based composites.

Shift towards composites derived from natural sources: Traditionally, plastic composites were heavily used in various end-use industries. However, because of the environmental impacts of these composites (carbon fiber and glass fiber), such as air pollution, greenhouse gas (GHG) emissions, and landfill issues, researchers and scientists shifted towards composites derived from natural sources.

North America Biocomposites Market

Natural composites have many advantages over synthetic composites such as low cost, low environmental impact, and high fiber content resulting in less pollution. Hence, due to the cheap, recyclable, and biodegradable nature, consumer preference is shifting from plastic composites to eco-friendly composites, thus becoming the dominant trend in the biocomposites market.

Increasing variety of ingredients for bio composites: Natural fiber is made from plants and cellulose. Bio-based materials are low in weight, offer damping and impact absorption, and have certain health advantages due to the presence of natural fibers. There has been a noticeable increase in the variety of ingredients that are typically used in the biocomposites market including hemp, jute and flax are popular natural fibers used in biocomposites. The fact that biocomposites have a lower environmental effect than glass fiber is one of the primary factors propelling the worldwide biocomposites market ahead. The global need for high-performance engineered goods derived from natural resources is increasing.

Analysts at Ken Research in their latest publication “North America Biocomposites Market Outlook and Forecast to 2027 – Driven by Rise in Demand of Eco Friendly and Durable Manufacturing Materials: Ken Research” believe that the Biocomposites market is expected to grow on the basis of rapid rise in adoption of these solutions due to their affordability & flexibility to meet varying needs of different industry users.

Key Segments Covered in North America Biocomposites Market: -

North America Biocomposites Market by Product Type

Hybrid Biocomposites

Green Biocomposites

North America Biocomposites Market by Fiber Type

Wood Fiber Composites

Non-wood Fiber Composites

North America Biocomposites Market by Polymer Type

Natural Polymer Composites

Synthetic Polymer Composites

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North America Biocomposites Market by Type of End User Industry

Automobile & Transportation

Building & Construction

Consumer Goods

Electrical & Electronics

Aerospace & Defense

North America Biocomposites Market by Geography and Major Countries

USA

Canada

Mexico

Key Target Audience: -

Biocomposites Manufacturers

Bio-pellet Manufacturers

Composites Manufacturers

Plastics Manufacturers

Chemicals Manufacturers

Petrochemicals & Resins Manufacturers

Primary Biocomposites Fiber Farming Organizations

Automobile Component Manufacturing Companies

Building & Construction Materials and Products Manufacturing Companies

Electrical & Electronics Components Manufacturers

Military Defense Components Manufacturers

Aerospace Components manufacturer

Potential Investors in Biocomposites Industry

Allied/Auxiliary Industries in Biocomposites Market

Biocomposites Wholesalers and Distributors

Time Period Captured in the Report: -

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned: –

Key Competitors in North America Biocomposites Market

Lingrove

MCG BioComposites

Trex

FlexForm Technologies

Fiberon

Tekle Technical Services Inc.

DuxxBak

BioComposites Group

The AZEK Company

Universal Forest Products Inc.

NewTechWood

Owens Corning

Emerging Biocomposites Companies in North America

Primitives

RWDC Industries

NovolBio

Anomera

Bast Fibre Technologies

Natural Fibre Technologies

Safran Aero Composites

CompositeTechs, LLC

Key Topics Covered in the Report: -

Snapshot of North America Biocomposites Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Biocomposites Market

Historic Growth of Overall North America Biocomposites Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Biocomposites Industry

Overview, Product Offerings, and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Biocomposites Market

Future Market Forecast and Growth Rates of the Total North America Biocomposites Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Biocomposites Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Biocomposites Companies within Each Major Country

TTS Biocomposites Market

Lingrove Biocomposites Market

MCG BioComposite Market

FlexForm Technologies Biocomposites Market

Owens Corning Biocomposites Market

Primitives Biocomposites Market

RWDC Industries Biocomposites Market

NovolBio Biocomposites Market

Anomera Biocomposites Market

USA Biocomposites Market Major Players

Covid-19 Impact USA Biocomposites Market

Canada Biocomposites Industry Research Report

Biocomposites Market in Canada

Mexico Biocomposites Market Research Report

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

North America Biocomposites Industry

Related Reports: -

Global Bio-Adhesive Market Outlook to 2022 – by Product (Hyaluronic Based, Fibrin Based, Mixed Polymer, Copolymer, Synthetic Adhesive, Other Bioadhesives) and by Application (Medical, Packaging, Wood, Construction, and Personal care)

India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth

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

India Aquaculture Feed Market, Industry Analysis, Revenue, Future Outlook: Ken Research

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Competitive Landscape in India Aquaculture Feed Market, Fy’22

The market is majorly concentrated among few major players such as Avanti Feeds and C.P. Aquaculture among others. The feed manufacturing companies’ witness’s low threat of substitution as aqua feed constitutes significant component of the total input required in aquaculture. There are other international players and a lot of small domestic players operating in the ecosystem. However, the threat of new entrants along with the need to cater to excess demand makes the market moderately competitive. There is lot of scope for new players to enter the market. This is because of huge untapped potential, favourable government incentive plans & schemes and an excess demand for aqua feed. Some of the major players operating in the ecosystem are Avanti Feeds, Alltech India, Waterbase, Zeal Aqua and Cargill among others.

Future Outlook of India Aquaculture Feed Market, Fy’22-Fy’27e

The market size on the basis of revenue is expected to grow at a five-year CAGR of XX% in between FY’22 and FY’27E. Rising global seafood demand coupled with surging consumption of shrimps is expected to drive the growth of aqua feed market in coming years. Integration of technology in daily operations of feed manufacturers will contribute in enhancing their business potential as well as transform the aquaculture and aqua feed industry, which paves a path for efficient supply chain management, increase in production volume and greater opportunities for foreign exchange earnings.

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The industry has witnessed progress and development in terms of getting support of artificial breeding technologies, knowledge of nutritional requirement to aquatic animals, aqua feed processing technology, and feed production equipment and so on. As population grow and pressure on wild fisheries mounts around the world, aquaculture will continue to attract attention and capture a higher share of the human food protein market. Owing to the limited availability of marine feed resources & the rising demand for fish results in opening up of new opportunities for the feed market to integrate. Species diversification coupled with surging exports will serve as a major catalyst for the growth of aquaculture feed market in coming years owing to increasing awareness on consumption of healthier diet and shifting preference towards protein rich diet across the world.

Key Segments Covered in India Aquaculture Feed Market

By Revenue

By Average Price of Aquaculture Feed

By Type of Feed

Shrimp Feed

Fish Feed

Others

By Type of Ingredients

Soy

Corn

Fish Oil

Fish Meal

Others

By End User

Commercial

Household

By Distribution Channel

Store Based

Online

By Region

Andhra Pradesh

West Bengal

Gujarat

Tamil Nadu & Puducherry

Odisha

Maharashtra

Other States and Union Territories

Key Target Audience

Aquaculture Feed Manufacturing Companies

Companies in the Aquaculture Industry

Seafood Companies

Industry Associations

Government Bodies

Time Period Captured in the Report:

Historical Period: FY’17-FY’22

Forecast Period: FY’22-FY’27E

India Aquaculture Feed Manufacturing Players

Manufacturers

Avanti Feeds

Coastal Corporation

Waterbase

Zeal Aqua

Apex

Adinath Bio Labs Limited

Devi Aqua Feeds

Alltech

BMR

Cargill

Biomin

Novus

Growel

IB Group

C.P. Group

Sandhya Aqua

Devi Aqua Feeds

Smilax

Government Institutions and Regulators

CAA (Coastal Aquaculture Authority)

CIFNET (Central Institute of Fisheries Nautical & Engineering Training)

CICEF (Central Institute of Coastal Engineering for Fishery)

FSI (Fishery Survey of India)

MPEDA (Marine Products Export Development Authority)

NFDB (National Fisheries Development Board)

NIFPHATT (National Institute of Fisheries Post Harvest Technology and Training)

Government Departments

MOFHAD (Ministry of Fisheries, Animal Husbandry and Dairying)

DOF (Department of Fisheries of Respective States & Union Territories)

For More Info on the Research Report, Click on the below link: –

India Aquaculture Feed Market Future Outlook

Related Reports by Ken Research: –

India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)

Indonesia Agritech Market Outlook to 2026: Driven by Innovative Start-ups and Influx of Foreign Investors

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Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com

+91-9015378249

Are you facing a product commoditization trap?

Here are the four compelling and proven ways that can successfully minimize the product commoditization in a competitive market.

Slide - 1

Are you facing a product commoditization trap?

Slide – 2

So, how should you respond to this situation?

Here are the four compelling and proven ways that can successfully minimize the product commoditization in a competitive market.

Slide - 3

1. Innovate Your Product Value

You can come up with a new product SKU or even upgrade of the existing product with innovative features,

2. Target the right customers

Focus on customer niche rather than focusing on every targeted customers to buy your product or service

Slide - 4

3. Offer exceptional supplementary services

Emphasising on selling your product with differentiated and better supplementary services that your competitors

4. Have the optimal price structure

Have a sophisticated pricing structure that allows you to optimize how much you charge; you can apply ‘price-paid less cost-to-serve.’

Slide - 5

So, what according to you is the best way you think is to respond to product commoditization?

Do share your thoughts by commenting below.

CAPTION

A major issue which many of business executives are facing today is the fear that their product might or have become commoditized, especially in wake of increasing cut-throat competitive environment.

If you want to escape product commoditization, then start by reconsidering what your customers pain point areas / problems are, and how can you solve them coupled rebuilding your organization’s activities in a fundamentally new manner.

To help you out we have listed out the four proven ways that you can adopt to battle-out the product commoditization trap.

Rising demand for automation in material handling across a range of industries is a Major Factor Fueling the Demand for Automated Guided Vehicles in the North America Market: Ken Research

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Impact of COVID on North America Automated Guided Vehicles Market: Rise in online shopping during the pandemic, translating into higher demand for e-commerce, encouraged supply chains to implement AGVs in their distribution centers, enabling to operate at high output. Industries like Pharmaceuticals increased their utilization of AGVs to meet the growing demand, while sustaining hygiene. Healthcare providers, like hospitals, used AGVs to conduct contactless transport of meals, waste bins, linens and sterile supplies.

Rising demand for a safe and efficient workplace: Automated Guided Vehicles (AGV), leveraging sensors, visual indicators, emergency stop buttons, and navigation technology features, ensure that the working environment is safe. These vehicles have sophisticated navigation technologies, starting from wired and magnetic guided routes to laser and vision guided ones.

Benefits of improved process accuracy and reduced utility expenses: The programmability of AGVs helps reduce waste and saves time while performing tasks accurately and helping improve productivity.

North America Automated Guided Vehicles Market

AGVs do not require experience or breaks which initially save the anticipated labor cost along with reducing utility cost. These vehicles can operate in every condition that human cannot effectively work on due to the lack of accessibility or lack of safety and presence of health hazards.

Click on Highlighted Link for Sample Report: - North America AGV Market

Analysts at Ken Research in their latest publication “North America Automated Guided Vehicles Market Outlook and Forecast to 2027 - Driven by Rising Demand for Automation in Material Handling, Enhanced Workplace Safety and Improved Productivity: Ken Research” believe that the Automated Guided Vehicles Market is expected to grow owing to the rising awareness among industries regarding the cost and efficiency benefits of introducing automation to material handling and similar supply chain processes.

Key Segments Covered in North America Automated Guided Vehicles Market

North America Automated Guided Vehicles Market by Product Type

Automated Forklift

Automated Tow/Tractor/Tugs

Unit Load Carriers

Assembly Line

Underride/Tunneling

Special Purposes

North America Automated Guided Vehicles Market by Navigation Technology Type

Laser Guided

Magnetic Guided

Vision Guided

Wired Guided

North America Automated Guided Vehicles Market By Application Type

Transportation and Distribution

Storage, Warehousing and Assembly

Packaging

North America Automated Guided Vehicles Market By Type of End User Industry

Aerospace and Defense

Automotive

Food and Beverage

Industrial Goods Manufacturing

Consumer Goods

Healthcare

Logistics

Retail

Others

North America Automated Guided Vehicles Market By Geography and Major Countries

USA

Canada

Mexico

Key Target Audience

Automated Guided Vehicles Manufacturers

Forklift Manufacturers

Robotic Systems Manufacturers

Aerospace and Defense Companies

Automotive Components Manufacturers

Food and Beverage Companies

Industrial Goods Manufacturers

Consumer Good Manufacturers

Owners of Warehouses, Storage Units

Retail Service/Product Providers

Healthcare Service Providers

Potential Investors in Automated Guided Vehicles Industry

Allied/Auxiliary Industries in Automated Guided Vehicles Market

Automated Guided Vehicles Wholesalers and Distributors

Time Period Captured in the Report:

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:

Key Competitors in North America Automated Guided Vehicles Market

Daifuku

John Bean Technologies (JBT)

Oceaneering Intl

Toyota Industries corporation

KUKA

Hyster-Yale

Seegrid

Crown Equipment

KION

Mitsubishi Logisnext

Scott

Jungheinrich

Emerging Automated Guided Vehicles Companies in North America

Slip Robotics

Waku Robotics

Waypoint Robotics

Vention

OTTO Motors

Intronic

Automation Topstar de México

Onemind

Key Topics Covered in the Report: -

Snapshot of North America Automated Guided Vehicles Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Automated Guided Vehicles Market

Historic Growth of Overall North America Automated Guided Vehicles Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Automated Guided Vehicles Industry

Overview, Product Offerings, and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Automated Guided Vehicles Market

Future Market Forecast and Growth Rates of the Total North America Automated Guided Vehicles Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Automated Guided Vehicles Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Automated Guided Vehicles Companies within Each Major Country

For More Information on The Research Report, refer to below link: -

North America Automated Guided Vehicles Market

Related Reports: -

Asia Pacific Robotic Arms Market Outlook and Forecast to 2027

India Industrial Automation Market Size, Market Statistics, Market Analysis : Ken Research

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

+91-9015378249

Indonesia Used Smartphone Market Sales, Forecast, Revenue and Growth: Ken Research

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Indonesia Used Smartphone Market Segmentation, 2021

By Type of Distribution Channel:

A distribution channel is the set of steps that is taken by a company for a product to get in the hands of the key customer or consumer. In 2021, ~XX% of this distribution channel is unorganized. For example, online marketplaces like Jagofon.com send their working staff/employees to offline stores/dealers to collect the second-hand smartphones which they then sell it to the second-hand buyers from their online marketplace. There is no systematic and organized distribution channel that is followed.

By Source of Lead Generation:

In 2021, more than XX% of lead generations is done through dealership walk-ins. Potential customers visit offline retail stores to check the used smartphones, enquire about the prices and its features. People prefer visiting the store, checking the used smartphones by themselves; personally, undergoing the quality checks for their satisfaction.

By Type of Marketing Channel:

Marketing channels are tools and platforms that an organization uses to communicate with its target audience. In 2021, online marketplaces dominate this market with a XX% market share. Marketing through online marketplaces is popular among all types of online and offline businesses. Companies like Erafone, Renan Store etc. who have a strong presence offline, carried out their marketing through social media platforms or their own websites.

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By Sourcing Medium:

Around XX% of the second-hand smartphones are sourced from telephone operators, businesses and retail customers. Online marketplaces and/or offline stores source these used smartphones from their businesses (B2B) or retail customers (C2B). OEM’s account for very small percentage of market share as they usually do not sell used smartphones; they only purchase it from retail customers as trade-ins and crash them later.

By Type of Sales:

C2C sales of used smartphones only contribute around XX% of the market share. Customers directly selling it to new customers is rare. It mainly happens in the unorganized used smartphone marketplace or through classified platforms. Classified platforms just act as an intermediary between the buyers and the sellers. The transaction takes place offline. Majority of the sales happen through offline dealers or online marketplaces through a B2C business model.

By Brand of Smartphone:

There are many offline stores such as Ekacelluler, DigiMap, Renan Store etc. that just deal in used iPhones. ~XX% of the used smartphone population prefer an iPhone as these phones have a good brand recognition and provides a user-friendly experience to its customers. Buying a new iPhone could be expensive for a large proportion of the population, hence they prefer second-hand handsets of these brands.

By Age of Smartphone:

The average life of a smartphone (Android or iOS) is around 2-4 years old. Buying a smartphone at an early life enables a second-hand user to get the maximum benefits from it. The wear and tear would be less, battery life would be good and he/she would be able to use the smartphone for maximum time until it breaks down. XX% of the used smartphone population prefer to buy a second-hand phone that is only 1–2-year-old. Buying a less used smartphone.

By Purchase Across Geography:

The entire Java region contributes ~XX% of the market share of used smartphones in Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta contributes ~XX% of the market share. The population of Java is around 500 million. Java made up XX% of the internet users in 2020, up from XX% a year ago.

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By Price of Smartphone:

Buying an upper end or premium smartphones could be expensive for a large proportion of the population, hence they prefer second-hand handsets of these brands. ~XX% of the used smartphone population prefer buying smartphones worth more than Rp 3Mn. The low-end and mid-ranged used smartphones are mostly available for brands such as Oppo, Xiaomi, RealMe etc.

By Type of Network:

Majority of the used smartphones in Indonesia have 4G and 3G network. 2G network is near to being obsolete. The new generation smartphones do not have compatibility with 2G networks. Network providers such as Smartfren, 3, Indosat, XL and Telkomsel have more than XX% availability of 4G network in Indonesia.

By Operating System:

~XX% of the used smartphone population in Indonesia prefer iOS operating system used smartphones. Android contributes XX% in the market size.

By Battery Capacity:

As of 2021, majority of smartphones in Indonesia have a battery capacity of 3000-5000 mAh. Newly launched smartphones such as Samsung Galaxy M-12, Oppo A54, Samsung Galaxy M51, Redmi Note 10 etc. have a battery life of more than 5000 mAh.

By Screen Size:

An ideal size of used smartphone preferred in Indonesia is that of an iPhone 7, which is 4.7 inch tall. XX% of the population prefer smartphone screen size to be between 4.5-5.5 inch.

Competitive Landscape in Used Smartphone Industry, 2021

Indonesia’s Used Smartphone Industry is highly fragmented with presence of large number of offline players. Each offline player has its own business USP, hence, it restricts the dominance of single player in the market. A notable shift in consumer preferences post COVID-19 has contributed in the emergence of online used smartphone industry. The online used smartphone industry is consolidated with a few online platforms for used smartphones. These entities These online platforms either adopt inventory holding model or consignment-based model. These players compete amongst each other on the basis of business model, value added services and brand value. The offline players have a large presence on social media, especially on Facebook and Instagram. They post about all their products with their prices as well as other promos and discounts. The report provides a cross comparison of top players in the online platforms as well as top offline players. ecosystem based on variety of parameters.

Future Outlook of Used Smartphones Industry, 2021-2026E

The market size of the used smartphone industry is expected to grow at a five-year CAGR of XX% increasing from USD XX million in 2021 to USD XX million in 2026. Post COVID, an increase in the number of transactions through online platforms have been witnessed. The ease of convenience of getting a used smartphone at the doorstep from a certified seller and trusted marketplace, has resulted an increase in the share of online platforms in the market size of used smartphones industry in Indonesia.

Key Segments Covered in Indonesia Used Smartphone Market

By Type of Distribution Channel

Unorganized

Organized

By Type of Marketing Channel

Online Marketplace

Offline Dealers

Classifieds

By Source of Lead Generation

Online

Dealership Walk-ins

By Sourcing Medium

OEM’s

Telephone Operators and Businesses

By Type of Sales

B2C

C2C

By Brand of Smartphones

Apple

Samsung

Xiaomi

Oppo

Others

By Age of Smartphones

0-12 Months

12-24 months

24-36 Months

36+ Months

By Price of Smartphones

< Rp 1Mn

Rp 1Mn-3Mn

Rp 3Mn-6Mn

>Rp 6Mn

By Purchases Across Geographies

Java

Jakatra

Sumatra

Others

By Type of Network

By Battery Capacity

<3000 mAh

3000-5000 mAh

>5000 mAh

By Operating System

iOS

Android

Others

By Screen Size

4.5-5.5 inch

<4.5 inch

>5.5 inch

Time Period Captured in the Report:

Historical Period: 2016-2021

Forecast Period: 2022F-2026F

Used Smartphone Industry Players

Online Platforms

Laku6

Jagofon.com

Shopee

Tokopedia

Bukalapak

Olx

Carousell

Offline Players

Erafone

Sentra Ponsel

DigiMap

Renan Store

Ekacelluler

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

Indonesia Used Smartphone Market Future Outlook

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

Consumer Net Promoter Score Annual Measures Your Customers’ Complete Perception of Your Brand: Ken Research

If you’re unaware with NPS, let us pledge you that it’s not only one of the meekest measures of customer satisfaction but one of the most prevalent. NPS dates back to 2003, when Fred Reichheld, a partner at Bain & Company, announced a novel manner of measuring how satisfied your customers are with the products and services you convey.

The Net Promoter Score uses an index varying from -100 to 100, based on the foremost question asked in the NPS survey, “How probable is you to commend this company?”

As an answer to the above cited question, customers are demanded to submit a rating on a scale from 0 to 10. These numbers aren’t just utilized to generate an average. Instead, respondents get classified into 3 groups reliant on their answers.

Detractors

Detractors are clients who answer with a 6 or lower rating. These clients are less probable to recommend your products/ services and their rejoinders can be analysed to optimize solutions and advance the customer journey.

Passive

The passive ones are clients who answer with a 7 or 8 on the NPS survey. These respondents may be loyal clients to your brand but are more probable to be propelled by competitors, or improbable to recommend your brand to their peer group, as compared to the individuals who submit a greater score on the NPS scale.

Promoters

Promoters are the clients who answer with a 9 or 10. These clients are a true testament to customer loyalty and they fortunately accept their role as brand advocates. They are probable to stay linked with your brand during the long run, act as a referral, and bring in new clients with them.

Based on the consumer net promoter score annual you may even gauge complete sentiment, and account for the complete customer satisfaction for the services delivered.

This NPS score is from a sustenance case that was filed on behalf of a client who required help with designing a web page. Owing to the structure of our sustenance team at the time of the demand, we, inopportunely, didn't have the bandwidth to encounter this customer's expectations. We know we fell short due to the customer stated they were "left feeling disappointed" from the interface.

That's undoubtedly not what we like to hear, but an opportunity obtainable itself from this feedback. The consumer net promoter scores annual report opened a channel for ongoing communication between our team and the client.

We now know precisely where we failed to encounter the customer's requirements, which enabled us to follow up with the customer to see if we could deliver any additional support. Our product development teams now know that some clients benefit from an improved design support team. By involving an NPS score at the conclusion of assistance cases, our teams can solve for our clients using both short- and long-term solutions.

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Indonesia Agritech Market Revenue, Shares, Size, Growth and Covid-19 Impact: Ken Research

Sub Vertical Analysis: Fintech

Trends: An encouraging response is observed from farmers when it comes to digitally monitoring their harvest cycles to gain access to institutional funding. In most cases farmers have reported a significant increase in profit margins due to digital intervention from the startups.

Demand Analysis: Demand in the agri fintech sector is significantly driven by government support, which helps in achieving various goals related to financial inclusion and digital literacy, along with helping formalize one of the most informal economic sectors in the country.

Service Portfolio: Indonesia has some of the most innovative agricultural fintech startups in the world, which is further proved by the large valuations and amounts of funding they have been able to raise in the past five years.

Competition Structure: The competition structure is monopolistic, with Tanifund, eFishery, Koltiva and iGrow making up xx%, xx%, xx% and xx% of the market share respectively.

Technology Overview: Prominent use of blockchain is observed in agri fintech startups in Indonesia, whose primary purpose is to ensure traceability in a transaction system mostly driven through cash. The use of smart contracts built on the Ethereum blockchain, although not recognized by Indonesian courts of law are an innovative way to ensure adherence to buying and selling commitments in the agricultural and fishery space.

Future Outlook till 2026: Demand for agri fintech apps is expected to increase significantly in the future due to greater infusion of institutional capital within the system and a greater push by the government to formalize the sector to increase tax revenues.

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Case Study: In the Fintech segment, case study of the players TaniFund and Crowde are covered in the report. The parameters covered are: About the company, Products and services, Revenue Model, Revenue in USD Mn, FY’16-FY’21, Problem solved by the company, and its strengths.

Sub Vertical Analysis: Market Access

Trends: There are few startups operating in the market access sub vertical as compared to others, and most companies in this sub vertical tend to operate in the aquaculture and fishery space as opposed to the agricultural space. This space has a slower growth rate compared to other sub verticals.

Demand Analysis: The demand for upstream supply chain aggregators has not increased as much as other sub verticals such as FaaS, primarily due to greater levels of poverty among farmers and fishermen as compared to end consumers, most of whom reside in urban clusters in Indonesia.

Service Portfolio: Market access to farmers generally consists of upstream supply chain consolidation, which essentially means that farmers/fishermen have access to lists of suppliers of animal/plant feed, farming/fishing equipment and other commodities required for the process of growing crops and breeding/catching seafood.

Competition Structure: The competition structure is oligopolistic, with eFishery, Koltiva and 8villages making up almost all the market share by revenue.

Technology Overview: Apart from functioning as data aggregators, many market access startups help farmers and fishermen identify problems in their existing farming/fishing processes, to then offer them solutions through their offerings. These problems are identified either through IoT devices or trained on-ground staff.

Future Outlook till 2026: Demand is expected to grow in the near future as farmer incomes increase and people start caring more about how their food is grown and how their meat is bred, which would compel farmers and fishermen to buy certified animal feed and fertilizers in order to sell their produce.

Case Study: In the Market Access segment, case study of the players’ eFishery and Koltiva are covered in the report. The parameters covered are: About the company, Products and services, Revenue Model, Revenue in USD Mn, FY’16-FY’21, Problem solved by the company, and its strengths.

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Sub Vertical Analysis: Agritech

Trends: Startups are increasingly adopting monthly subscription models instead of a onetime purchase in the Agritech space to constantly keep in touch with farmers for addressing potential problems in a sector which is very dynamic due to a variety of reasons such as weather, price fluctuations, prevalence of diseases, etc.

Demand Analysis: There are inherent demand limitations to mechanized farm products on small landholder farms due to the labour-intensive nature of agriculture practiced by farmers, but there is a lot of scope for agritech products to significantly improve yields.

Service Portfolio: Agritech driven startups in Indonesia offer a wide variety of services to their customers, but due to stiff competition many of them have tweaked their business models to provide end to end solutions for various needs related to agriculture, aquaculture and fishing.

Competition Structure: The competition structure is oligopolistic, with Tanihub, Aruna, and Neurafarm and Dycodex having xx%, xx%, xx% and xx% market share by revenue respectively.

Technology Overview: Many agritech driven startups focus on precision farming and offer products to precisely monitor agricultural inputs as well as the weather conditions. This also applies for fisheries, where the growth of larvae as well as the water conditions are closely monitored by automated devices, alerting the owner in case of any abnormalities.

Future Outlook till 2026: Agritech is expected to have a strong growth potential in the near future, due to its cost effectiveness in solving persistent problems in one of the most important economic sectors which is crucial for human survival. With changing climatic conditions, such products and services will be used more to safeguard crops and animals from potential danger posed by rising temperatures and changing migration patterns of fishes.

Case Study: In the Market Access segment, case study of the players’ Aruna and Dycodex are covered in the report. The parameters covered are: About the company, Products and services, Revenue Model, Revenue in USD Mn, FY’16-FY’21, Problem solved by the company, and its strengths.

Sub Vertical Analysis: Agri Biotech

Trends: The prominent trend being observed in the Agri Biotech sub vertical is the shift of companies from creating products from synthetic isolated chemical compounds to naturally derived chemicals, in order to produce sustainably and with minimum harmful effects on the environment.

Demand Analysis: Demand for Agri Biotech products is expected to grow exponentially as there is pressure on farming and fishing ecosystems throughout the world to produce more output to combat the problem of food security within nations, which would result in shorter and more harvest cycles as well as fishing cycles throughout the year.

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Service Portfolio: Very few startups are operating in the Agri Biotech sub vertical currently in Indonesia, due to stringent regulatory requirements and the high capital investments required because of them. Most global companies in this space are well established multinationals who have a reputation for providing safe fertilizers, pesticides, and other products.

Competition Structure: The competition structure is oligopolistic, with Pandawa Agri and Magalarva making up almost the entire market share.

Technology Overview: The technology used for manufacturing Agri Biotech products is not revealed due to intellectual property protection through patents, and startups make limited use of technology for marketing and selling purposes through ecommerce websites and online advertisements.

Future Outlook till 2026: Growth prospects for sustainability based agri biotech products is expected to be strong in the near future, while conventional agri biotech products will see strong growth as well.

Case Study: In the Market Access segment, case study of the player Magalarva is covered in the report. The parameters covered are: About the company, Products and services, Revenue Model, Revenue in USD Mn, FY’16-FY’21, Problem solved by the company, and its strengths.

Indonesia Agritech Market Future Outlook and Projections

The agritech market is projected to rise from xx Mn FY’21 to xx Mn in FY’26, showcasing an expected CAGR of XX%. Major Agritech startups are expected to expand their operational presence in multiple states across Indonesia after initial pilot projects got successful.

The FaaS segment will continue to grow at a pace of XX% CAGR, rising from XX Mn FY’22 to XX Mn in FY’26, growing at an exponential rate.

Agri FinTech Segment is expected to grow at a CAGR of xx% during 2022 and 2026 with the rising smartphone penetration.

Market Access sub vertical is expected to grow at a CAGR of xx% during 2022 and 2026 with the rising trend of aquaculture.

AgriTech Segment is expected to grow at a CAGR of xx% during 2022 and 2026 with the technological advancements and precision agriculture.

Agri Biotech Segment is expected to grow at a CAGR of xx% during 2022 and 2026 with the increasing investment in research and development.

Key Segments Covered in Indonesia Agritech Market:-

Agritech Market Size

Market Size on the basis of revenue generated, FY’16-FY’21

Market size of the 5 sub verticals on the basis of revenue generated, FY’16-FY’21

Market Segmentation

Segmentation of Startups by Business Category (FaaS, Fintech, Market Access, Agritech, Agri Biotech)

Segmentation of Startups by year of establishment (FY’13-FY’20)

Segmentation of Startups by Location Jakarta, Bogor, Bandung, Malang, Yogyakarta, Depok, Setiabudi, Tangerang, Bekasi, Sleman, Lampung, Arcamanik)

Segmentation of Startups by Funding Stage (Pre-Seed, Seed, Series A, Series B, Convertible Note, Grant, Debt Financing)

Segmentation of Startups by Funding Entity (Foreign, Domestic, Both)

Overview of each Sub vertical (FaaS, Fintech, Market Access, Agritech, Agri Biotech) on the basis of

Demand Analysis

Operating Model

Timeline of Major Players

Service Portfolio

Challenges

Competitive Scenario

Cross Comparison between Major Players

Case Study

Future Outlook & Projections

Analyst Recommendations

Key Target Audience:-

Farming as a Service players

Agri Fintech players

Agritech players

Market Access Players

Agri Biotech players

Farmers/Fishermen

Investors

Regulatory Bodies

Feed, Equipment, Fertilizer Suppliers

Time Period Captured in the Report:-

Historical Period: FY’16-FY’21

Forecast Period: FY’22-FY’26

Agritech Players in Indonesia:-

FaaS Players:

Sayurbox

TaniSupply

Aruna

Fintech Players:

TaniFund

eFishery

Koltiva

Market Access Players

8 Villages

Fishlog

Sgara

Agritech Players:

Neurafarm

Dycodex

JALA

Agri Biotech Players:

Pandawa Agri

Magalarva

FistX

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

Future of Indonesia Agritech Market Outlook

Related Reports by Ken Research: –

India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post-Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)

Indian Used Agricultural Equipment Market Outlook to 2026 (Including Tractors, Harvesters, Power Tillers and Tractor-Attachable Equipment): Driven by rising adoption of small and marginal farmers and government subsidy to increase the demand of used equipment

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

North America Automated Guided Vehicles (AGV) Market: Ken Research

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The report titled “North America Automated Guided Vehicles Market Outlook and Forecast to 2027 - Driven by Rising Demand for Automation in Material Handling, Enhanced Workplace Safety and Improved Productivity: Ken Research” provides a comprehensive analysis of the North America Automated Guided Vehicles Market. The report provides industry size basis revenue and value chain analysis, market segmentation based on Product Type, Navigation Technology Type, Application Type, Type of End User Industry, competition benchmarking, COVID impact, future projections and trends, drivers & challenges. It also provides the market by Revenue of the major countries in the North America region and also provides the country-level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.

North America Automated Guided Vehicles Market Outlook, Drivers, and Challenges

Over the next five years, the Automated Guided Vehicles market in North America is forecasted to grow at nearly 15% CAGR, owing to the rise in demand for automation in material handling industries, leading to improvements in productivity and accuracy and reduction in utility cost. Automated Guided Vehicles (AGV), leveraging sensors, visual indicators, emergency stop buttons, and navigation technology features, ensure that the working environment is safe.

North America AGV Market

With rise in demand for e-commerce, supply chains are implementing AGVs in distribution centers enabling industries to operate at high output. The utilization of AGVs in the pharmaceutical industry increased to meet the excessive demand and sustain hygiene. Hospitals used AGVs during Covid-19 to safely conduct contact less transportation of meals, waste bins, linen and sterile supplies.

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The programmability of AGVs helps reduce waste and saves time while performing tasks accurately and helping improve productivity.

Key Segments Covered in North America Automated Guided Vehicles Market

North America Automated Guided Vehicles Market By Product Type

Automated Forklift

Automated Tow/Tractor/Tugs

Unit Load Carriers

Assembly Line

Underride/Tunneling

Special Purposes

North America Automated Guided Vehicles Market By Navigation Technology Type