Indian Crypto Exchange Market is expected to expand at a CAGR of ~30% on the basis of Revenue in between FY’22-FY’27: Ken Research

 

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• Crypto currencies will come up as a medium for cross border remittances which will reduce the fees involved in transaction
• Crypto currencies can be seen as an alternative medium of foreign exchange in the coming future due to the higher flexibility specially for unstable currencies

Cross-border Remittances

Cryptocurrency as a cross-border payment medium will make a big difference in the Indian market. Due to great remittance demand, it will drive the prosperity of digital currency growth in India for a long time. Since cross-border transactions traditionally carry high fee using bitcoin or other cryptocurrencies as a cross-border payment medium, Indians can save a large number of remittance fees

Online and Offline (OnO)

In near future, users will be able to spend their cryptocurrency to purchase products, vouchers, pay bills and do even more at discounted rates on all major e-commerce websites around the world. Such purchases & transactions would be aided by a browser plugin that helps buyers calculate the real-time value of an equivalent amount of cryptocurrency to be paid in fiat for the purchase. Providing support for online and offline purchases  by crypto exchange platforms could pave as traction for users which serves as an immediate opportunity of crypto exchange platforms  and enabling offline purchases could be made possible by virtual currencies tying up with local merchant

Strict Foreign Exchange Regulations

Due to strict foreign exchange regulations, it is complicated to convert rupee directly to US dollars. The value of Indian rupee is not stable, especially during the Covid-19 pandemic. The exchange rate between rupee and USD continued to rise, causing the former to enter constant depreciation. Therefore, most Indians will choose to convert rupee to bitcoin & then to US dollars (a more stable fiat currency) through C2C trading platforms such bitcoins which paves a way for crypto exchange platforms to increase their user base.

Central Bank Digital Currency

There has been an increased adoption of CBDCs (Central Bank Digital Currency), with India also now moving on the path of having its own CBDC by the year 2023 (as per the address by Finance Minister of India in the Union Budget for FY 2022-23). India’s high currency to GDP ratio holds out another benefit of CBDCs. To the extent large cash usage can be replaced by CBDCs, the cost of printing, transporting, storing and distributing currency can be reduced

Future Opportunities for Indian Crypto Exchange Platforms

With increasing operational efficiency of crypto exchange platforms, higher liquidity and transparency in financial payments, crypto exchange platforms have a huge opportunity to cater the ever-increasing user base due to surging awareness among the country residents leading to wide scale adoption of virtual currency in India.

The publication titled “Indian Crypto Market Outlook to 2027: Driven by growing adoption of cryptocurrencies, with high liquidity, proper risk management facilitated by Indian crypto exchange platforms” provides a comprehensive analysis of the crypto exchange industry in India. The report covers various aspects including crypto exchange industry market size on the basis of revenue, market overview, genesis of the market, market potential, value chain analysis of centralized and decentralized exchanges, ecosystem, business model of leading crypto exchanges, growth drivers, issues and challenges, SWOT analysis, major trends and developments, role of government, regulation and tax implications, investment analysis, merger and acquisitions in the last 3 years, segmentation by funding rounds, segmentation by type of institutional investors, segmentation by origin of funding source and impact of COVID-19. Insights on competitive landscape of crypto exchange industry, company profile of major players along-with cross comparison between leading crypto exchange platforms operating in the ecosystem on the basis of company overview, number of employees, revenue generated, number of registered users, country of origin, revenue model, fee structure, key features, strengths, weaknesses and recent developments is also covered in the report. Further report also focuses on the Indian Crypto Exchange Market Segmentation by By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency. Indian Crypto Exchange Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in Indian Crypto Exchange Industry

Indian Crypto Exchange Market

• By Origin of Company
• Domestic
• International

• By Type of Transaction
• Regular
• Peer to Peer

• By Geographic Region
• Northern
• Southern
• Eastern
• Western

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• By Age Group of Users
• Below 20 years
• Between 20-40 years
• Between 40-60 years
• Above 60 years

• By Type of Cryptocurrency
• Bitcoin
• Ethereum
• Cardano
• Tether
• Binance Coin-USD
• Polygon

• Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage,2019-2021
• Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors,2019-2021
• Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges,2019-2021

Indian Crypto Demand Side: End User Analysis

• Target Addressable Market, Service Addressable Market and Service Obtainable market in the Indian Crypto Exchange Industry

Key Target Audience

• Crypto Exchange Platforms
• Investors such Venture Capitals and Angel Investors
• Traders
• Banking Institutions
• Regulatory Bodies
• Potential Crypto users

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2022-2026F

Indian Crypto Exchange Industry Players/Ecosystem

• Indian Crypto Exchanges
• CoinDCX
• ZebPay
• WazirX
• CoinSwitch Kuber
• Unocoin
• BuyUCoin
• Bitbns
• Giottus
• Flitpay
• Belfrics
• in
• PCEX Member

• Non-Indian Exchanges
• Binance
• Okx
• Coinbase
• Kraken
• Bitfinex
• Bitstamp
• Vauld
• Coinmama
• Coinstore

Key Topics Covered in the Report

• Overview and Genesis of Indian Crypto Exchange Market
• Market Potential of Indian Crypto Exchange Market.
• Ecosystem of Major Entities in Cryptocurrency Exchange Market
• Value Chain Analysis of Centralized Exchanges
• Value Chain Analysis of Decentralized Exchanges
• Business Models of Major Indian Crypto Exchange
• Indian Crypto Exchange Market Size on the basis of Revenue and Total Transaction Value
• Indian Crypto Exchange Market Segmentation (By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency)
• Domestic Consumer Demographics: Age group, Gender and Occupational Domains

• Consumer Perception: User-Interface, Customer Experience and Delighters

• Preference for P2P Vs Regular Transaction model for Cryptocurrencies in India
• Trends and Developments in the End User Preferences in the last 5 years
• Growth Drivers of the Indian Crypto Exchange Market
• Issues and Challenges
• Role of Government in the Indian Crypto Exchange Market
• Regulations and Tax Implications in the Indian Crypto Exchange Market
• SWOT Analysis
• Start-Ups (Split by Year of Formation) across Indian Crypto Exchange Market and Other Ecosystem Players
• Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage
• Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors
• Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges
• Investment Analysis of the Indian Crypto Exchange Market, Mergers and Acquisitions in the last 3 years within the Indian Crypto Exchange Market
• Cross comparison of major players in the Indian Crypto Exchange Market (Year of Establishment, Number of Employees, Revenue Generated, Number of Registered users, Country of Origin)

Company Profile of leading Indian Crypto Exchange Platforms (Company Snapshot, About the Exchange, Revenue model, Fee structure, Key Features, Strength, Weakness, Recent Developments and Key Takeaways)

• Impact of Covid-19 on the Indian Crypto Exchange Market
• Target Addressable Market, Service Addressable Market and Service Obtainable Market in Indian Crypto Exchange Industry
• Analyst Recommendations
• Industry Speaks

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

Indian Crypto Exchange Market Outlook to 2027:Ken Research

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3 Key Insights on Competitive Landscape in Global Refractories Market

 Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Refractories Market by Ken Research

Refractory is a material that, at high temperatures, is resistant to decomposition by heat, pressure, or chemical attack and retains strength and form. Refractory materials can withstand heavy thermal, mechanical abrasion, and chemical corrosion at high temperatures. It is used for various industries like iron and steel, cement, glass, paper, and pulp industry.

Ken Research shares 3 Key Insights on the Competitive Landscape of this high opportunity market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Regional Companies Hold 30% Share in 2021.

A comprehensive competitive analysis conducted during the Research Study found that the Global Refractories Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in refractories manufacturing for multiple end-user industries. The country’s niche players in the refractories market mainly focus on strong R&D to identify and service small segments of the market in developing countries, especially in India, China, and South Asian countries.

RHI Magnesita, IMERYS, and Puyang Refractories Group Co. Lt. are among the leading players in the refractories market globally.  

Acquisition and Mergers Drive the Major Players in formulating their key strategies

Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as IMERYS, Vesuvius PLC, Morgan Advanced Material, and more are highly focused on providing a significant number of refractories solutions and advanced techniques that can be used across end-user industries. Furthermore, Numerous companies and organizations are strategically going for multiple acquisitions and mergers.

• In Aug 2020, IMERYS, a company with a specialty in the mineral industry signed an agreement for the acquisition of the remaining 60% of Haznedar group, a Turkish-based high-grade monolithic refractories, and refractory bricks manufacturer. With this, it will expand into basic and acidic refractory bricks and extend its competitive production base in Turkey, strategically located between Europe, the Middle East, and Africa.
• In December 2021, Vesuvius PLC, a global leader in molten metal flow engineering and technology serving the steel and foundry industries acquired Universal Refractories, Inc. With this acquisition Vesuvius is likely to expand its presence amongst electric furnace steel producers, further strengthening its foundry business in North America.

Covid-19 Pandemic Limited Refractories Growth, Affecting Manufacturing Plants

Refractories product manufacturing declined during the Covid-19 pandemic. The initial spread of the virus led to the shutdown of iron and steel, cement, and glass manufacturing plants. The reduction of this material led to the shortage of refractories production, as the construction in various countries stopped. The manufacturing and construction industry also witnessed a shortage of employees, thus slowing down the production of cement and glass companies resulting in the decline of refractories products.

According to the National Bureau of Statistics of China, in 2021, China’s investment in residential construction was valued at approx. US$ 1,745 million with a 6.4% increase compared to the previous year, thus indicating the rise in the construction industry post-pandemic, providing the growth opportunity for the refractories market.

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Government Initiatives, Strategies, and Investments Fueling Growth in Refractories Market

The various initiatives and policies adopted by the government of India, which is likely to boost refractory manufacturing during the forecast period.

• As per the Indian Union Budget 2022-23, the allocation of US$ 18.84 billion in roads and US$ 26.74 billion in railways is likely to boost the demand for refractory products.
• Government Reforms such as “Aaatma Nirbhar Bharat” and “Make in India” programs, are expected to drive the refractories manufacturing.
• In July 2021, the Union cabinet approved the production-linked incentive (PLI) scheme for specialty steel. The scheme is expected to attract investment worth US$ 5.37 billion and expand specialty steel capacity by 25 million tons, to 42 million tons in FY27 from 18 million tons in FY21.

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

Top Leading Companies in Refractories Market

Related Report –

Global Natural Fiber Reinforced Composites Market

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Malaysia Dental Services Market, Industry Growth, Revenue, Outlook to 2026F: Ken Research

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How Is Dental Services Market Positioned In Malaysia?

The growth in the Malaysia Dental Service has been steady over the years, the factors that were responsible for this growth were rise in the economy and awareness related to oral hygiene. There has been a downfall in the Malaysia dental services market due to Covid-19 as many dental clinics were not operating under normal conditions. The Government of Malaysia only allowed emergency cases to be addressed by the dental clinics during the lockdown and the dental facilities were used as quarantine centers.

However, due to Covid-19 the dental services market in Malaysia evolved in terms of technology. Tele dentistry was also considered a solution to the challenges imposed during Covid-19. Presently, the market is in growing stage and recovering from Covid-19. The other factors that are involved in the growth of the dental services in Malaysia are rising dental awareness, better standards of living and rise in disposable income. Government initiatives such as National Oral Health Plan (2021-2030) to address the concerns are aiming to improve the oral health of Malaysians. Owing to the shortage of Dental Professionals, the Government planned on increasing the number of dental schools and took initiatives such as compulsory public service from all graduates. However, lack of dental awareness, unmet demand for dental services and lower accessibility in rural areas of Malaysia poses major challenges in Dental Services Market.

Malaysia Dental Services Market Segmentation

By Type of Services

Services such as Endodontics and Orthodontics dominate the market share followed by others. Major contribution in the market share from procedures such as root canal, as people in their late 30s face a lot of issue of bacterial infection due to lack in oral health awareness.

By End Users

The end users in the Malaysia Dental Services market are Hospitals and Dental Clinics. Hospitals have significantly lower share than compared to dental clinics as patients prefer to go to dental clinics for dental services (treatments) while they only visit the hospitals for major dental surgeries.

By Dental Clinics

The Malaysia Dental Services can be further classified into Unorganized Dental Clinics and Organized Dental Clinics.

By Revenue

The Dental Services Market generates revenue from the Domestic Market as well as International Market.

By Cities

Selangor and Kuala Lumpur generate the highest revenue in the Malaysia Dental Service Market followed by the others.

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Competition Landscape in Malaysia Dental Services Market

The Dental Service Market is highly fragmented and is home to thousands of clinics that are divided into organized and unorganized dental clinics. Additionally, these clinics are competing on parameters such as Number of Clinics, Number of Dentists, Clinic Presence, Number of Appointments, Timings, Peak Hours, Mode of Booking, Services Offered, Treatments offered, Insurance partnerships. The companies such as St Tiew Dental Group, Q&M Dental and Dent Care hold major market share in organized dental clinic segment.

What is the Future Outlook of Malaysia dental services Market?

Malaysia dental services market is expected to register a positive CAGR during 2021-2026F owing to increasing dental awareness, better standards of living, government policies, rise in disposable income and increasing consciousness of the population towards looks. The growth is anticipated to be driven by treatments like Root Canal, Dental Implants and other Cosmetic Dentistry services such as Whitening, Filling and Veneers.

The Cosmetic Dentistry segment is expected to witness the fastest growth at a CAGR of ~% over the period 2021-2026F, owing to the rise in consciousness of population towards looks and appearance. Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies, including dental caps, dentures, and drills.

Key Segments Covered in the report:-

Malaysia Dental Services Market

By Type of Services

Endodontics

Orthodontics

Prosthodontics

Cosmetic Dentistry

Periodontics

Others

By End User

Hospitals

Dental Clinics

By Dental Clinics

Organized Clinics

Unorganized Clinics

By Revenue

International Revenue

Domestic Revenue

By Cities

Selangor

Kuala Lumpur

Johor

Penang

Other Malaysian Cities (Malacca, Kuantan, Ipoh, Kinabalu etc.)

Key Target Audience:-

Dental Clinics

Dental Equipment Manufacturers and Distributors

Dentists

Hospitals

Market Research and Consulting Firms

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:-

St Tiew Dental Group

Q&M Dental

i-Care Dental

Dentabay

My Dental Care

Syarifah Dental Clinic

Artius Dental

Benchmark Health

Pristine Dental Clinic

Dent Care

Klidc

Living Well Dentistry

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

Malaysia Dental Services Market

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Overview of Malaysia Electric Vehicle Industry and Market Size: Ken Research

 

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The electric vehicle market in Malaysia recorded a negative CAGR of ~xx% on the basis of revenue in between 2016 and 2021. The slowdown in growth is attributed to the lack of domestic manufacturers in the ecosystem, resulting in imports of these vehicles which ultimately, shoots up the price of EVs. Coupled with that, the advent of COVID-19 also impacted the EV market due to consumer’s financial constraints and job losses. The electric vehicle market in Malaysia is heavily dependent on international manufacturers as national brands such as Proton and Perodua have not been able to establish its presence in the EV market as of 2021. However, consumers increasing awareness on environmental hazards along with favorable government initiatives such as income tax and sales tax exemptions for purchasing EVs will contribute in the growth of EV four-wheeler market in coming years. Malaysia wants to encourage people to adopt electric vehicles and other fuel-efficient vehicles. The electric vehicle market in Malaysia will witness rapid transformation with the advancement of solid-state battery technology which increases the efficiency of the battery performance. The Malaysian electric vehicle market is still in its early phases of development. The Malaysian government's EV rules and the continued introduction of new models contribute to the country's EV market growth.

Along with being noisy, the mushrooming number of conventional cars, motorcycles and scooters is driving up energy consumption, air pollution and greenhouse gas emissions. To combat those problems, Malaysia, with support from the United Nations Environment Programme (UNEP), is encouraging drivers to trade in gas-guzzlers for electric motorbikes.

UNEP has worked with electric vehicle associations in Malaysia, the Philippines, Singapore and Thailand to develop comprehensive recommendations for policymakers to spur the adoption of electric two- and three-wheelers. The incentives announced in Budget 2022 are expected to kick start EV adoption among the general public and the plans for government fleet electrification will further pave the way to instill public confidence and interest.

In Malaysia, the launch of the National Low Carbon Cities 2030 plan, entails the establishment of 200 low carbon zones across the country, which may bring about a greater push for green vehicle options, including EVs.

Malaysia Electric Vehicle Market Segmentation, 2021

By Type of Electric Vehicle (4-Wheeler and 2-Wheeler):

In 2021, Electric 4-Wheelers dominated the Electric Vehicle Market in Malaysia and generated a revenue of USD xx Million. Electric 2-Wheelers helped in contributing xx% of the total Electric Vehicle market in Malaysia generating a revenue of USD xx Million.

By Type of Electric two-wheeler (e-scooter and e-motorcycle):

E-Motorcycle dominated the Electric two-wheeler market in Malaysia by contributing xx% to the total revenue share in 2021. The rise of taxi and delivery services created demand for e-motorcycle

By Type of E2V Battery Capacity (<25Ah and >25Ah):

In 2021, Electric 2-Wheelers using a battery capacity of <25Ah dominated the market by capturing a market share of xx% with a revenue of USD xx Million. In order to get a speed of at least 50kmph, as per the government rules, a battery capacity of more than 50Ah will be required on going way forward.

By Type of E2V Battery Technology (Removable Battery and Non-Removable Battery)

Electric 2-Wheeler Vehicles can also be segmented on the basis of Type of Battery Technology. Non-Removable Battery and Removable Battery. Non-Removable Battery dominated the market by capturing xx% of the market share.

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By Type of E2V Battery Type (Lead Acid and Lithium Ion)

Improved discharge and charging efficiency coupled with longer life span contributed in enhancing the demand of lithium-ion batteries compared to lead acid batteries. Although, lithium-ion batteries are much more expensive that its counterpart but their maintenance free feature will match their higher price tag, which will be preferable to consumers.

By Type of E4V Technology (BEV, PHEV, and HEV):

Electric 4-Wheeler Vehicles can also be segmented on the basis of type of technology: Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and Battery Electric Vehicles (BEV). xx% of the revenue contribution is from Hybrid Electric Vehicles (HEV) which is mostly used in EV Brands offered by Honda. Other brands offering HEV are Nissan, Audi, and Toyota.

By Type of E4V Class (Mid-priced (less than 300,000) and Luxury (more than 300,000)):

Malaysia, xx% of the revenue from the Electric 4-Wheeler market was generated through the Luxury segment which is priced above 300,000. Examples include BMW, Porsche, Tesla, Mercedes, etc.

Competitive Landscape in Malaysia Electric Vehicle Market, 2021

Malaysia’s Electric Vehicle Industry is consolidated with presence of limited players for 2-wheelers as well as 4-wheelers in Malaysia. These players compete with each other on the basis of products offered, product quality, value added services, product pricing, its features, battery technology type, battery capacity, battery type, voltage type etc. All the electric 4-wheeler brands available in Malaysia are imported. Local 4-wheeler brands such as Proton and Perodua are yet to launch electric 4 wheelers in Malaysia. Companies like Eclimo has adopted a B2B model, where they rent/sell their electric 2-wheelers to corporates such as KFC. Renting electric 2-wheelers and 4-wheelers has been increasing in Malaysia.

Future outlook of Malaysia Electric vehicle, 2021-2026E

Electric vehicle market in Malaysia is estimated to generate a revenue of USD xx Million in 2026E, expanding at a CAGR of xx% in between 2021 and 2026E. One of the major determinants for the surging growth in coming years is attributed to the government initiatives and policies supporting the EV industry such as exemption of import duty, excise and sales tax for CBU and CKD electric vehicles till 2023 and 2025 respectively.  Coupled with that, income tax exemption for individuals up to RM 2,500 on the cost of installation, rent, hire or purchase for electric vehicle charging facilities will serve as a catalyst for the growth of the industry. Increasing awareness on environmental impacts and consumer’s consciousness towards limiting carbon footprint will also contribute in increasing the business potential of EV players.

The electric vehicle market in Malaysia will witness rapid transformation with the advancement of solid-state battery technology which increases the efficiency of the battery performance.

The industry is expected to record less number of EVs sold after 2023E as the exemption period of tax and import duties are lifted. 

Key Topics Covered in the Report

• Ecosystem of Electric Vehicles Industry
• Value Chain Analysis of Electric Vehicles Industry
• Business Models of Major Entities in the Electric Vehicles Industry
• Customer Preferences and Buying Decision Behavior in Electric Vehicles Industry
• Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume
• Market Potential of Malaysia Electric Vehicles Market
• Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type
• Competitive Scenario of the Electric Vehicles Industry
• Issues and Challenges in Electric Vehicles Market
• Trends and Developments in the Electric Vehicles Industry
• Porter’s Five Forces analysis of the Electric Vehicles Industry
• Growth Drivers of Electric Vehicles Industry
• Challenges and Restraints in the Electric Vehicles Industry
• Government Rules and Regulations in the Electric Vehicles Industry
• Impact of Covid-19 and Government Regulations on Electric Vehicles Industry
• Future Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume
• Future Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type
• Industry Speaks
• Analyst Recommendations
• Research Methodology

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

Malaysia Electric Vehicle Market Outlook to 2026

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Malaysia Data Center Market is expected to reach about USD 1 Billion+ in terms of Revenue by the year ending 2026F: Ken Research

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Data Centre facilities likely to grow at a CAGR of 9.1% from 2021 to 2026F

BFSI sector to be the major end user for DCs in Malaysia by 2026F due to rapidly growing demand for digital payment and internet banking services in the country.

Upcoming Facilities and Demand from SMEs are likely to be the key growth drivers for the industry in the upcoming future

Government’s ‘Malaysia Digital’ Plan: Malaysia Digital is a national strategic initiative by the Malaysian Government to encourage and attract companies, talents and investment while enabling Malaysian businesses and Rakyat to play a leading part in the global digital revolution and digital economy.

Roll out and Implementation of 5G: 5G will drive the next evolution in connectivity to deliver ground breaking solutions and redefine a new standard in wireless networking which will fuel the demand for Data Center Facilities by the ICT industry in Malaysia. The demand for edge data centers in the country expects to grow with the development of 5G deployment.

New Entrants: New entrants will provide a major boost to market growth during 2022-2026, supporting the wholesale needs of local enterprises and cloud service providers in the region. Companies such as YTL, Yondr, GDS and more are currently building their facilities in the country.

Big Data Technologies: This Technology can help companies store large volumes of data and help organizations to analyze information and improve decision-making. Various industries in Malaysia, such as healthcare, education, BFSI, transportation, professional services, smart city operators, and the government, will be the major adopters of big data solutions during the period 2022F-2026F and will help to boost the data center industry’s growth in the country.

Analysts at Ken Research in their latest publication “Malaysia Data Center and Market Outlook to 2026- Growing Demand from SMEs, Rising Internet Penetration Rate and Rising Number of Facilities to Drive the Malaysian Data Center market in the near future” believe that the data center industry in Malaysia has been growing and is expected that it will expand further owing to the rising number of data centers, surge in demand from SME sector, attractive investments from hyper scale cloud providers, additional services provided by the companies such as cloud services, data recovery, security services, cross connect and others. The market is expected to register a positive CAGR of 18.2% in terms of revenue during the forecast period 2021-2026F.

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Key Segments Covered

By Type of Data Centers:

Co-location Data Center

Retail Co-location

Wholesale Co-location

Managed Data Center

Hyper scale

By End Users:

IT/ITes

BFSI

Government

E-Commerce

Others (Education, Retail, Manufacturing, Logistics and rest)

Key Target Audience

Data Center companies

Cloud providers (Domestic and Global)

Managed data center companies

Co-location data center companies

Private Equity and Venture Capitalist

Industry Associations

Data Center Constructors

Technology providers

Time Period Captured in the Report:

Historical Period – 2016-2021

Forecast Period – 2021-2026F

Companies Covered:

Data Center Companies:

AIMS DC

TM One

Bridge Data Center

Strateq

Basis Bay

NTT

HDC

CSF Advisors

Vantage DC

Open DC

IPServerOne

Others

Key Topics Covered in the Report

Malaysia Cloud Infrastructure Services Market

Demand & Supply Side Ecosystem of Data Center Industry in Malaysia

Malaysia Data Center Overview

Comparison of Malaysia Data Center Market with other APAC Countries (Indonesia, India, Thailand, Singapore and Hong Kong)

Malaysia Data Center Market Size

Malaysia Data Center Market Segmentation

Competition Framework in Malaysia Data Center Market

Pricing Analysis of Major Players in Malaysia Data Center Market

End User Analysis

Malaysia Data Center Market Future Outlook and Projections

For More Information on the Research Report, Refer to Below Link:

Malaysia Data Center and Market

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Ankur Gupta, Head Marketing & Communications

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Electric Vehicles Industry is expected to increase EV sales volume from at a CAGR of ~6% between 2021 and 2026: Ken Research

 

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• Increasing government push is likely to boost sales of Electric Vehicles due to exemption of taxes and duties
• Lack of market leaders and ease of entry will act a positive reinforcement for emergence of newer homegrown EV manufacturing companies
• Increasing technological advancement and emergence of Electric Mobility-as-a-Service (EMaaS) will be witness in the EV space

Increasing Government Support and Initiatives:

The Malaysian government, had announced during Budget 2022 that battery electric vehicles (BEVs) will be exempted from both import and excise tax until 2023 for fully-imported vehicles (CBU) and 2025 for locally-assembled (CKD) models.The government is also giving tax income exemption for individuals of up to RM2,500 on the cost of purchase, installation, rent, hire purchase as well as subscription fees for electric vehicle charging facilities. The government has set the goal of making Malaysia a significant participant in the regional electric mobility market, and aims for 100,000 EVs to be on the road in the country by 2030, along with 2,000 electric buses and 125,000 charging stations.

Ease of Market Entry:

There are few electric 2-wheeler and 4-wheeler brands in Malaysia. A new company entering the market can easily establish itself in the market with a better business model and strategy. Companies have incentives to enter the industry, as it is still at a nascent stage and is expected to grow. For example, Honda plans to launch four electric two-wheelers by 2024.

Increasing Technological Advancements:

The major reason for the affordable prices of electric scooters and bikes is the advancement in battery technology. The decline in electric vehicle battery cost has an overall impact on the cost of an electric vehicle. OEMs are investing capital in research and development to further increase the efficiency of the electric battery along with the reducing their cost.

Battery Swapping Technology is pioneering Electric Mobility-as-a-Service (EMaaS) in Malaysia, by developing Smart Swap – a game-changing turnkey solution for a battery-swapping infrastructure for Electric Motorcycles.

Increase in charging infrastructure:

In Malaysia, the launch of the National Low Carbon Cities 2030 plan, entails the establishment of 200 low carbon zones across the country, which may bring about a greater push for green vehicle options, including EVs. Malaysia plans to build 25,000 public charging points and 100,000 private charging points by 2030.

The publication titled “Malaysia Electric Vehicle Market Outlook to 2026: Driven by government initiatives along with the need to curb vehicular emissions, and increasing charging infrastructure” provides a comprehensive analysis of the electric vehicles industry by analyzing historical statistics and corresponding developments in the electric vehicles market. The market growth declined during COVID as manufacturing activities were on halt and the supply chain got disrupted. Given the consolidated structure in the electric vehicle industry, analysts have elaborated on competitive landscape of major electric 2-wheelers and 4-wheelers player on the basis of models launched, product prices, technology type and other operational parameters. The report also covers a snapshot on player’s business model, value chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19 and factors governing the future outlook of industry. The report also provides comprehensive insight on the market size and segmentation of the industry. The report highlights the pain points of the electric vehicles industry along with detailed company profiles of major electric 2-wheeler and 4-wheeler brands. The report concludes with projections for future industry market size, market segmentations and analyst take on future market scenario.

Key Segments Covered in Malaysia Electric Vehicles Industry

• By Type of EV
• 4-wheelers
• 2-wheelers

• By Type of Electric 2-wheelers
• Electric scooter
• Electric motorcycle

• By Type of Battery Capacity for electric 2 wheelers
• <25Ah
• >25Ah

• By Battery Technology Type for electric 2 wheelers
• Removable batteries
• Non-removable batteries

• By Voltage Type for electric 2 wheelers
• 24V
• 36V
• 48V
• 60V
• 72V

• By Battery Type for electric 2 wheelers
• Lithium-Ion
• Sealed Lead Acid

• By Brand of EV
• BMW
• Mercedes Benz
• Honda
• Volvo
• Hyundai
• Others

• By Type of EV Technology
• BEV
• HEV
• PHEV

• By EV Class
• Mid-priced
• Luxury

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2022F-2026F

Malaysia Electric Vehicles Industry Players

• Electric 2 wheelers
• Eclimo
• Treeletrik
• NIU

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• Electric 4 wheelers
• Honda
• BMW
  Mercedes Benz
• Volvo
• Hyundai
• Nissan
• Porsche
• Tesla
• KIA
• Mazda
• Audi

Key Topics Covered in the Report

• Ecosystem of Electric Vehicles Industry
• Value Chain Analysis of Electric Vehicles Industry
• Business Models of Major Entities in the Electric Vehicles Industry
• Customer Preferences and Buying Decision Behavior in Electric Vehicles Industry
• Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume
• Market Potential of Malaysia Electric Vehicles Market
• Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type
• Competitive Scenario of the Electric Vehicles Industry
• Issues and Challenges in Electric Vehicles Market
• Trends and Developments in the Electric Vehicles Industry
• Porter’s Five Forces analysis of the Electric Vehicles Industry
• Growth Drivers of Electric Vehicles Industry
• Challenges and Restraints in the Electric Vehicles Industry
• Government Rules and Regulations in the Electric Vehicles Industry
• Impact of Covid-19 and Government Regulations on Electric Vehicles Industry
• Future Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume
• Future Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type
• Industry Speaks
• Analyst Recommendations
• Research Methodology

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

Malaysia Electric Vehicle Market Outlook to 2026

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Malaysia Used Car Market Outlook To 2026F (Third Edition) – Demand For Used Cars Increased Due To Shift In User Preference Towards Personal Mobility, Induced By Covid-19

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The Malaysia Dental Services Market is growing owing to rise in demand for oral cleanliness, better standards of living, self-grooming and artificial dentistry: Ken Research

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Rising General Dental Awareness: The general awareness regarding the oral health and the demand for public dental policies is proving to be an important factor for the rise in dental services market in Malaysia. Factors like better standards of living, changing economy have been a reason for growth in the market.

Increasing Demand For Laser Dentistry: Laser technology has a range of dental care applications and in some cases, can even replace the need for a traditional dental drill.

Studies have shown that lasers can reduce pain and speed post-op healing while reducing bleeding. Additionally, dental studies showed that diode lasers had a 100% reduction in long-term bacteria.

Tele dentistry goes Mainstream: Automated and digitally supported workflows allow doctors to increase the amount of time spent on care-related tasks. Lack of qualified personnel and pressure to optimize utilization will have a knock-on effect on adoption of digital solutions. However, tele-dentistry or telecommunication consultation with dentists is becoming one of the solutions to overcome problems related to access to dentists. According to the CDC, telehealth visits increased 154% in the first week of the pandemic. Not only can tele dentistry provide a substitute for in-person care, but it is also improving healthcare by increasing frequency and improving access.

Technological Advancement: The Internet of Dental Things offers a 'smart' dental health care strategy that has enormous promise in reaching out to patients in an increasing range of dental disciplines, including oral and maxillofacial pathology and surgery, prosthodontics and implant dentistry, periodontics, and oral public health. It is also improving the preventive care process. Recent technological advancement results in solutions that provide better clinical outcomes, enable treatments previously deemed too complex or even impossible, are easy to use, saves time and seamlessly integrates with other digital solutions.

Analysts at Ken Research in their latest publication “Malaysia Dental Services Market Outlook to 2026F- Driven by Rising Dental Awareness, Cosmetic Dentistry, Government Policies and Increase in Disposable Income” by Ken Research observed that Dental Services market is an emergent healthcare market in Malaysia at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, dental consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 5.4% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report:-

Malaysia Dental Services Market

By Type of Services

Endodontics

Orthodontics

Prosthodontics

Cosmetic Dentistry

Periodontics

Others

By End User

Hospitals

Dental Clinics

By Dental Clinics

Organized Clinics

Unorganized Clinics

By Revenue

International Revenue

Domestic Revenue

By Cities

Selangor

Kuala Lumpur

Johor

Penang

Other Malaysian Cities (Malacca, Kuantan, Ipoh, Kinabalu etc.)

Key Target Audience:-

Dental Clinics

Dental Equipment Manufacturers and Distributors

Dentists

Hospitals

Market Research and Consulting Firms

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:-

St Tiew Dental Group

Q&M Dental

i-Care Dental

Dentabay

My Dental Care

Syarifah Dental Clinic

Artius Dental

Benchmark Health

Pristine Dental Clinic

Dent Care

Klidc

Living Well Dentistry

Key Topics Covered in the Report:-

Malaysia Dental Services Market Overview

Malaysia Healthcare Overview

Ecosystem of Malaysia Dental Services Market

Business Cycle and Genesis of Malaysia Dental Services Market

End User Analysis of Malaysia Dental Services Market

Consumer Journey in Malaysia Dental Services Market

Consumer Pain Points in Malaysia Dental Services Market

Industry Analysis of Malaysia Dental Services Market

SWOT Analysis of Malaysia Dental Services Market

Key Growth Drivers in Dental Service Market in Malaysia

Major Challenges and Bottlenecks in Malaysia Dental Services Market

Regulatory Framework in Malaysia Dental Services Market

Competitive Landscape in in Malaysia Dental Services Market

Market Share of Major Dental Services Providers in Malaysia Dental Services Market

Detailed Analysis on Malaysia Dental Services Market (Market Size and Segmentation, 2016-2021; Future Market Size and Segmentation, 2021-2026F)

Market Opportunity and Analyst Recommendations

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

Malaysia Dental Services Market

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Ankur Gupta, Head Marketing & Communications
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Saudi Arabia Used Car Market Outlook to 2026F: Ken Research

 

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The report titled “Saudi Arabia Used Car Market Outlook to 2026F- Driven by Boom in Online Platforms and increase in internet and smartphone penetration” provides a comprehensive analysis of the status of the used car industry in Saudi Arabia. The report covers various aspect of the industry, revenue generated by the KSA Used Car Market, its segmentation viz, By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford, and Others), By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-150,000 Km & More than 150,000 Km) and By Region (Northern, Southern, Central, Eastern and Western), business models, major trends and development, issues and challenges, technological advancements and competition analysis. Saudi Arabia Used Car Market report concludes with projections for the future of the industry including forecasted sales volume & gross transaction value by 2026, future market segmentation, Covid-19 impact, emerging online used car models, international case studies, and analysts’ take on the future.

KSA Used Car Market Overview and Size

The used car industry in Saudi Arabia has grown at a notable CAGR on the basis of gross transaction value and sales volume over the period 2017-2021. The availability of multiple financing options, booming growth of online classified and auction market and increasing smartphone and internet penetration led to the increase in sales from 2017-2021. The addition of women drivers and the high levels of disposable income in the country are some of the major growth drivers of the industry.

KSA Used Car Market Segmentations

By Market Structure: The industry in Saudi Arabia is largely unorganized due to the preference of consumers towards peer-to-peer sales, largely facilitated by online auto-classified platforms. The organized market comprises of large authorized brand dealerships as well as multi-brand outlets and exhibitions.

By Sales Channel: The unorganized sector contributed to the majority of the sales of used car in the country. This higher preference for Unorganized sector was because used cars are cheaper on these platform and customers save 15% VAT charged by Organized players. Over time preference towards organised is increasing due to more convenient buying experience and value added services (warranty, certification).

By Type of Cars: Sedans and hatchback were observed to dominate the used car market on the basis of sales volume as they are economical and suitable for almost all kinds of buyers. SUVs & crossovers were found to be the second most preferred types of cars in the country and pick-ups & luxury cars contributed to the remaining sales.

By Car Brands: Toyota continues to dominate the used car market in Saudi Arabia due to the higher preference of the consumers towards the brand for its reliability and low maintenance. Also, the easy availability of spare parts and the higher residual value of Toyota cars contribute to higher sales. Hyundai contributed to the second-highest sales volume in 2021

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By Age of Vehicle: Three to five-year-old used cars were observed to dominate the used car sales in the country in 2021. As the installment period for cars purchased on finance is around 3-5 years after which people usually prefer to sell off their cars. 1-3-year-old vehicles contributed to the second-highest sales volume as a large number of these cars found their way to the used car market when car rental companies’ de-fleet their existing fleet.

By Kilometers Driven: A large proportion of the used cars sold in 2021 belonged to the category of 80,000-150,000 kilometers. Cars with a mileage of 50,000-80,000 kilometers were also largely preferred by the consumers due to their nearly new look and feel and are also economical.

By Regions: The central region including the capital of Riyadh accounted for the highest number of used car sales in the country in 2021 due to the concentration of the young working population in the region. The western region contributed the second-highest used car sales. Most of the major authorized dealers have multiple showrooms in these regions.

By Age Group of Buyers: The majority of the buyers in the used car market were observed to be in the age group 30-60 years. Many young working professionals, expatriates, families owning multiple cars belong to this age group. The demand for used cars among the age group of 18-30 years is also increasing with increasing disposable income and job opportunities.

Saudi Arabia Organized Market Segmentation

By Sales Channel: The unorganized sector contributed to the majority of the sales of used car in the country. This higher preference for Unorganized sector was because used cars are cheaper on these platform and customers save 15% VAT charged by Organized players. Over time preference towards organized is increasing due to more convenient buying experience and value added services (warranty, certification).

Competitive Landscape of KSA Used Car Market:

The industry is highly fragmented and competitive with 2,200+ dealerships operating in the market. Many brands have a certified pre-owned car program in place in the country. Amongst the brand authorized dealerships, the top 6 players including Abdul Latif Jameel Motors, Aljomaih Automotive Company, Al Jazirah Vehicles, Universal Motors & Gulf Advantage are analyzed to account for almost half of the used car sales through the authorized dealerships.  These players compete on the basis of parameters such as geographical presence, value-added services offered, financing option, after-sales services offered, dealership network, and more.

KSA E-Commerce Logistics Market Future Outlook and Projections

The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2026. The increasing demand from smaller cities such as Jazan, Arar among others is expected to drive the growth of the industry. The growing traction towards online platforms is expected to compel dealerships to expand their presence online. Online platforms are expected to leverage the latest technologies such as artificial intelligence & virtual reality to enhance the user browsing experience. The overall used to new car sales ratio in the country is also expected to improve in the future.

KSA Used Car Market

By Market Structure

• Organized Sector
• OEM Certified Dealers
• Multi-Brand Non-Franchise Dealerships
• Auction Companies

• Unorganized Sector
• C2C
• Local Dealers

• By Type of Car
• Sedan and Hatchback
• Suv
• Pickup trucks
• Luxury

• By Manufacturer
• Toyota
• Hyundai
• Ford
• Chevrolet
• GMC
• Nissan
• Kia

• By Kms Driven
• <50,000
• 50,000-80,000
• 80,000-150,000
• >150,000
• By Age of Vehicle
• <1 year
• 1-2 years
• 3-5 years
• >5 years
• By City
• Northern
• Southern
• Central
• Western
• Eastern

• By Age of the Consumer:
• 18-34
• 35-54
• 55+

• By Age of the Consumer:
• Female
• Male

Key Target Audience

• Used Car Companies
• OEMs
• Multi-Brands
• Online Used Car Portals
• Used Car Financing Companies
• Government Bodies
• Investors & Venture Capital Firms
• Used Car Dealerships
• Used Car Industry
• Used Car Manufacturing Companies
• Used Car Distributors
• Used Car Auction Houses
• Used Car Associations

Time Period Captured in the Report:

• Historical Year: 2017–2021
• Base Year: 2021
• Forecast Period: 2021–2026F

Companies Covered:

Online Auto-Classified

• Expatriates
• Expat
• Haraj
• Opensooq
• Mourjan
• YallaMotors
• Motory
• SellAnyCar
• Syarah
• CarsSwitch
• Carnab
• OLX
• Saudisale
• Halta2ee

Major Auction Companies

• Abdulla Fouad Company of Public Auctions Car Sales
• Sultan Nasser Auctioneers Est
• AutoWorld (AKA Al Jazira Equipment Co.Ltd)
• Saud Qahtani Auction Company
• Motory
• Syarah
• Mozayada
• budgetsaudi
• Mazadhala

Major Finance Institution

• Alinma Bank
• Riyad Bank
• ANB Leasing Bank
• Emirates NBD Auto Lease Bank
• Al Rajhi Bank
• National Commercial Bank
• Saudi Investment Bank
• Bank Albilad
• Al Yusr
• Taajeer Finance Company
• Abdul Latif Jameel
• Al-Tayseer Car Finance

Major Finance Institution

• Abdul Latif Jameel
• Aljomaih Automotive Company
• Al Jazirah Vehicle
• Mohamed Yousuf Naghi
• United Motors Company
• Universal Motors Agencies
• SAMACO Automotive
• Petromin Stellantis

 Key Topics Covered in the Report

• KSA Automotive Market Overview
• KSA Used Car Market Overview
• KSA Online E-commerce Used Car Market
• Market Ecosystem
• Value chain Analysis
• Customer Buying Journey in KSA
• Decision Making Parameters for Customers
• Offline and Online Business Models
• Detailed Analysis on KSA Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
• Snapshot on Online Used Car Platforms in KSA
• Snapshot of Used Car Auction House in KSA
• Snapshot of Used Car Finance Market in KSA
• Business Opportunity (Customer Profile Analysis)
• Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

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

KSA Used Car Market: Ken Research

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Ankur Gupta, Head Marketing & Communications

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