Global Surface Disinfectant Market is expected to grow at a rate of about 10% CAGR over the next six years (2022-2028): Ken Research

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What Is the Size of Global Surface Disinfectant Industry?

Global Surface Disinfectant market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Surface Disinfectant Market is largely driven by the growing incidences of healthcare-associated infections, growing demand from non-healthcare industries, health clubs & gyms, and the outbreak of Covid-19.

Increasing incidence of healthcare-associated Infections (HAI) and the rising occurrences of chronic disorders are expected to propel the surface disinfectant market growth. For instance, the rising geriatric population and the prevalence of chronic illnesses such as blood pressure, obesity, diabetes, and heart disorders have been fueling the demand for surface disinfectants across health care facilities.

Chemical surface disinfectants have some adverse impacts on the environment and acts as a major barrier for growth. For instance, hydrogen peroxide used in chemical surface disinfectants can cause portal vein thrombosis, gastrointestinal problems, mild mucosal irritation, and vomiting. Furthermore, the outburst of COVID-19 had a positive impact on the surface disinfectants market. The pandemic increased the need for surface disinfection and cleaning practices significantly. Multiple measures were being taken to curb the spread of the deadly virus, including disinfection and sanitizing surfaces. This increased the demand for surface disinfectants across the globe.

Global Surface Disinfectant Market By Composition Type

The Global Surface Disinfectant market is segmented by Composition Type into Chemical Based and Biobased. The chemical composition segment dominated the global surface disinfectant market in 2022 and is estimated to continue being the dominant segment during the forecast years. Biobased surface disinfectants are viewed as alternatives to their chemical counterparts owing to their non-toxic, biodegradable, and eco-friendly characteristics and are expected to have a higher CAGR during the forecast period.

In June 2020, an article by Bhabha Atomic Research Center reported that Sodium hypochlorite (NaOCl) is one of the proven disinfectants and is being used in sanitization where 0.05-0.5% NaOCl is recommended by the WHO and the Center for Disease Control and Prevention.

Global Surface Disinfectant Market By Form

The Global Surface Disinfectant Market is segmented by Form into Liquid, Wipes and Spray. The liquid form segment holds the highest market share in 2022 and is expected to remain dominant during the forecast period. This high share is attributed to a wider application of liquids in the industrial as well as the household sector for kitchen fixtures, glazed ceramic tile, windows, plastics, exterior surfaces of applications, vinyl, and glass.

In April 2020, ITC launched its product "Savlon Surface Disinfectant Spray in India to curb the spread of Covid-19. ITC acquired Savlon brand from Johnson & Johnson in 2015. Furthermore, In June 2019, Reckitt Benckiser Group PLC received the Environmental Protection Agency (EPA) approval for its Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist for surface disinfection.

Global Surface Disinfectant Market By Application

The Global Surface Disinfectant market is segmented by Application into In-house Surfaces, Instrument Disinfection and Others. The In-house application segment holds the largest market share in 2022 in the global surface disinfectant market and is expected to remain dominant during the forecast period. The large market share of this segment is attributed to the wide usage of surface disinfectants in the premises of hospitals & clinics, households, residential areas, industries, and commercial spaces. In June 2021, Unilever’s brand Lifebuoy introduced BotaniTech product range to bring the brand’s market-leading hygiene expertise to the home.

Market Taxonomy

By Composition Type

• Chemical Based
• Biobased

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By Form

• Liquid
• Wipes
• Spray

By Application Type

• In-house Surfaces
• Instrument Disinfection
• Others

By End-user

• Hospital & Clinics
• Households
• Laboratories
• Hotel/Restaurants/Cafes
• Educational Institutes
• Others

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By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest Of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia Rest of Asia Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

For more insights on the market intelligence, refer to below link:-

Global Surface Disinfectant Market

Growing importance of corporate cultures, social lifestyles, social events, and celebrations expected to drive India’s Catering Services Market: Ken Research

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India’s Catering Services Market is at a growing stage and has a fragmented market with the domination of unorganized players. The Catering Service Market in India has seen the emergence of foreign players in the market being more organized. Sodexo India, Compass Group, and Gate Gourmet Limited are market leaders in India.

• Rising household is cretionary income is expected to encourage Indians to eat out, meaning consumers will enjoy meals prepared by caterers in airports, hospitals, and major sporting and cultural events.
• Suppliers are improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring, thus, providing further impetus for industry growth.
• The organized sector is expected to gain a high market share during the forecast period due to rapid urbanization and expansion of organized and foreign players in the market.

Sustainable Innovation Design in Catering Service: There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, hotels and restaurants are expected to come up with innovative catering services, which are expected to fuel the catering service industry.

The market for catering services will expand: There is a colossal need for food catering services in India. Consumers in India are experimenting with different foods as a result of their exposure to other cultures and lifestyles, which is posing a potential opportunity for the international catering sector. India will see a surge in the popularity of mobile food service providers as on-the-go foods become more and more popular among its working population. All major construction firms, corporate offices, hospitals, the educational sector, etc. will benefit from on-site food. The market for catering services will expand in the future as more industries use food to draw in employees. In an effort to increase employee satisfaction and morale, businesses are increasingly offering cheap personalized menus and dining experiences to the workers. This, as a result, will give rise to many catering companies and boost the Indian catering services market.

Demand from high-income households and businesses: Major demand for the industry is expected to take a positive turn in the next five years after recessionary trends and low consumer sentiment temporarily stifled revenue. A rise in demand from high-income households and businesses will bolster growth, with consumers spending more money on parties and other catered functions again and corporate budgets loosened in line with stronger corporate profit. As a result of these trends, the number of businesses within the industry is also estimated to grow.

Greater Demand for Specialized Catering Services: Due to the increased emphasis on using technology to improve customer experience and reduce wait times for meals, the market for catering services in India is expected to grow. Specialized catering services are in greater demand throughout the nation as international firms are increasingly growing in the country. Additionally, catering companies are increasingly providing healthy eating alternatives including organic meals, a balanced vegan diet, and healthy snacks, especially in a vegetarian nation like India, as a result of the global trend of growing health consciousness which triggers the growth of the industry. The need for locally grown fresh farm food, including fruits, vegetables, and meat products, is supporting the market for catering services.

Analysts at Ken Research in their latest publication “India Catering Services Market Outlook To 2027F - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering” observed the potential of the Catering Services Market in India. The rising population, increasing need for industry players in the organized sector, increasing number of companies, growing emphasis on the adoption of technology to improve the customer experience, growing health consciousness, and increase in the growing penetration of mobile-based payment solutions is expected to contribute to the market growth over the forecast period. India’s Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered in the report:-

India Catering Service Market

By Type

Contract catering

Non-Contract catering

By Length of Contract

Short-Term

1 year

More than 1 year

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By End Users

Industrial

Government

In-Flight

Corporate

Education

Event

Healthcare

Others

Key Target Audience

Airline Catering Companies

Fine Dining Caterers

School Caterers

Hotels

Industrial Caterers

Government Bodies

Facility Management Companies

Industries

Schools

Hospitals

Time Period Captured in the Report:-

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

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Companies Covered:-

Sodexo

Compass India

Box8

Levy

HungerBox

LSG Sky Chefs

ABC Corp

Morrison Healthcare

Elior Group

Gate Gourmet

Chartwells Higher Education Dining Services

Canteen

Restaurant Associates

Cavier

Hot Dog on a Stick

Gulf Catering Co.

Key Topics Covered in the Report

Executive Summary of the Indian Catering Service Market

Indian Catering Service Market Introduction and Value Chain Analysis

Indian Catering Service Market Size, 2017-2022

Indian Catering Service Market Segmentation, 2022

Snapshot on Food & Beverage Industry

Best Selling MENUSs – End user segment-wise

Trends and Developments in Indian Catering Service Market

Issues and Challenges in Indian Catering Service Market

Porter's Five Forces Analysis for Indian Catering Service Market

Regulatory Framework in Indian Catering Service Market

Comparative Landscape in the Indian Catering Service Market

Indian Catering Service Market Future Outlook and Projections, 2022-2027F

Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

India Catering Services Market

Related Reports by Ken Research:-

Australia Catering Services Market Outlook To 2027F

Kuwait Catering Services Market Outlook to 2027F

India’s Catering Services Market is expanding as a result of growing demand from the establishment of a large number of Educational Institutes, IT Parks and Hospitals: Ken Research

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The demand from the public sector in the country and increasing demand for locally produced fresh farm produce, including fruits, vegetables, and meat items, are some of the major factors that are contributing to the increase in the share of the Catering Services Market in India.

Consumer preference for fresher and healthier food: Between 2017 and 2022, the catering market in India grew dramatically owing to the rising consumer preference for fresher and healthier. Hotels, event management organizations, and private people are the main end customers of catering services in India. The market also provides possibilities for food catering such as mobile catering, airline catering, and show catering. Furthermore, through their in-house kitchen staff or a third-party provider, universities, institutions, and corporate offices also readily accept these services.

Alliances to Expand Operations: Food catering companies are forming alliances to serve food to schools, colleges, and universities. They are also involved in the development of mobile apps that provide tailored food options to meet the needs of each individual. For instance, in March 2021, Sodexo, the foodservice and facilities management company, announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at more than 300 colleges and universities in the United States. Students can pre-select, order, and schedule meal kits for delivery using Sodexo's BiteU app. Whether students are vegetarian, on a low-calorie diet, or looking for something quick and easy, HelloFresh allows them to choose from a varied and changing weekly menu. EveryPlate is a rotating menu of simple and affordable chef-curated recipes, including vegetarian and gourmet options.

License for catering business: In order to continue with operations linked to any stage of manufacture, storage, packing, processing, catering services, import, including catering services, food services, sale of food, as well as the sale of food ingredients, one must get the FSSAI license. Additionally, a health trade license was created in order to give the public's health the utmost priority. The State Municipal Corporation or the State Health Department is the local civil body that provides this license. Moreover, all types of catering companies must have a Food Establishment License, which they may only receive after passing the inspection procedure required by state compliance.

Sharp decline during the pandemic: During the COVID-19 pandemic, India's Catering Service market saw a sharp decline in revenues. The major reason for the decline was the strict lockdowns enforced by the government to restrict consumers to their households. According to the National Restaurant Association of India (NRAI), 25% of catering businesses closed shop completely in FY21, resulting in over 2.3 million jobs lost. Although normalcy has kicked in amid the steady vaccination campaign, it may take time for the catering industry to recover fully.

Analysts at Ken Research in their latest publication “India Catering Services Market Outlook To 2027F - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering” observed the potential of the Catering Services Market in India. The rising population, increasing need for industry players in the organized sector, increasing number of companies, growing emphasis on the adoption of technology to improve the customer experience, growing health consciousness, and increase in the growing penetration of mobile-based payment solutions is expected to contribute to the market growth over the forecast period. India’s Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered in the report:-

India Catering Service Market

By Type

Contract catering

Non-Contract catering

By Length of Contract

Short-Term

1 year

More than 1 year

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By End Users

Industrial

Government

In-Flight

Corporate

Education

Event

Healthcare

Others

Key Target Audience

Airline Catering Companies

Fine Dining Caterers

School Caterers

Hotels

Industrial Caterers

Government Bodies

Facility Management Companies

Industries

Schools

Hospitals

Time Period Captured in the Report:-

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

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Companies Covered:-

Sodexo

Compass India

Box8

Levy

HungerBox

LSG Sky Chefs

ABC Corp

Morrison Healthcare

Elior Group

Gate Gourmet

Chartwells Higher Education Dining Services

Canteen

Restaurant Associates

Cavier

Hot Dog on a Stick

Gulf Catering Co.

Key Topics Covered in the Report

Executive Summary of the Indian Catering Service Market

Indian Catering Service Market Introduction and Value Chain Analysis

Indian Catering Service Market Size, 2017-2022

Indian Catering Service Market Segmentation, 2022

Snapshot on Food & Beverage Industry

Best Selling MENUSs – End user segment-wise

Trends and Developments in Indian Catering Service Market

Issues and Challenges in Indian Catering Service Market

Porter's Five Forces Analysis for Indian Catering Service Market

Regulatory Framework in Indian Catering Service Market

Comparative Landscape in the Indian Catering Service Market

Indian Catering Service Market Future Outlook and Projections, 2022-2027F

Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

India Catering Services Market

Related Reports by Ken Research:-

Australia Catering Services Market Outlook To 2027F

Kuwait Catering Services Market Outlook to 2027F

Business Opportunities in Mexico E-Commerce Market: Ken Research

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Mexico Ecommerce Market is at a growing stage and is a fragmented market with few major e-commerce providers. The Mexico E-commerce Market has seen the emergence of more players over the past 5 years. Few top B2C E-Commerce websites in Mexico are Mercadolibre.com.mx, Amazon.com.mx, Coppel.com, Walmart.com.mx and Amazon.com, as revealed in the report. MercadoLibre ranks first by market share, followed by Amazon.

Key Findings

• E-commerce sales are expected to increase globally over the next years. East and Southeast Asia will propel this development with their growing middle class and their lagging offline infrastructure. With a yearly growth rate of ~% between 2022 and 2027, Mexico is expected to outperform the global average of ~%.
• E-commerce firms should strategize to offer low-priced items to consumers in the region which can be a big differentiating factor for the firms when compared to other players in the industry. This is expected to help the firms in gaining widespread popularity among Mexican shoppers from the short to medium-term perspective.
• Although cards are the dominant payment method in Mexico, used in ~ per cent of all transactions, cash remains relevant due to a low rate of financial inclusion.

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The E-Commerce industry is expected to grow: Amid the growing e-commerce market and the fact that more shoppers are expected to enter the industry over the next few years, e-commerce giants are investing billions of dollars in the country to further strengthen their position in the Mexican e-commerce industry. Not just e-commerce giants but even traditional retailers have increased their investment to build an efficient logistics network amid the growing digital sales in Mexico.

Future investments to be made in the construction and expansion of logistics centres: With the entry of millions of new first-time e-commerce buyers and the maturing of the current user base, the bar of consumer demand went up significantly, both in terms of payment options and delivery times, over the last two years. As a result, e-commerce marketplaces, such as Amazon and MercadoLibre, have been increasing their investment in the construction and expansion of logistics centres. These firms are also indulging in different delivery modes to increase same-day or two-day shipping to more online shoppers in Mexico. The firm has been building its logistics networks to further increase its regional market share.

Global e-commerce marketplaces are entering the Mexican market: Over the next few years, e-commerce transactions as a percentage of total retail sales are expected to record robust growth in Mexico. Consequently, global e-commerce marketplaces are entering the Mexican market to capitalize on the high-growth industry. Shopee, the largest e-commerce marketplace in Southeast Asia, launched its online shopping platform for consumers in Mexico, making the country its second market in Latin America.

Analysts at Ken Research in their latest publication “Mexico E-commerce Market Outlook to 2027F- By Type of Product (Electronics, Fashion, Furniture, Food, Health and personal care, Toys and Others), By Geography (Domestic, Cross-border), By Payment Method (Card, Cash, Bank Transfer, Digital wallet and Others), By Sales Channel (Online, Offline) and By Age Group (18-24, 25-34, 35-44, 45-54).” observed the potential of the Ecommerce market in Mexico. A large number of ecommerce companies are operating in the Mexico Ecommerce Market. These companies compete on various parameters such as pricing of the product offered, payment method, product delivery time, presence on social media platforms, cross border sales etc. The Mexico Ecommerce Market is expected to grow at CAGR of ~% over the forecasted period i.e., 2022-2027F.

Key Segments Covered in the report: -

Mexico E-commerce Market

By Type of Product:

• Electronics
• Fashion
• Furniture
• Food
• Health and personal care
• Toys

By Geography:

• Domestic
• Cross-border

By Payment Method:

• Card
• Cash
• Bank Transfer
• Digital wallet
• Others

By Sales Channel:

• Online
• Offline

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By Age Group:

• 18-24 Years
• 25-34 Years
• 35-44 Years
• 45-54 Years
• 55+ Years

Key Target Audience

• E-Commerce Companies aiming to establish in Mexico
• Mexico’s E-Commerce logistics industries
• E-commerce startups
• Ecommerce Vendors
• Logistics industry
• Shipping companies
• Warehousing Companies
• E-Commerce end users
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Year: 2017-2022P
• Base Year: 2022P
• Forecast Period: 2022P– 2027F

Companies Covered:

• Amazon Mexico
• Walmart Mexico
• Liverpool
• Coppel
• Shein Mexico
• Home Depot Mexico
• Apple
• Sam’s Club
• Elektra
• Grainger Mexico
• Costco Mexico
• Sears Mexico
• El Palacio de Hierro
• Bodega Aurrera
• Nike
• Privalia
• Adidas Mexico
• Suburbia
• Sanborns

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Key Topics Covered in the Report

• Overview of E-Commerce Market in Mexico
• Internet Penetration Rate and Number of Media Users in Mexico
• Ecosystem of Major Entities in Mexico E-Commerce Market
• Market Size of Mexico E-Commerce Market
• Average Ticket Size of E-Commerce
• Mexico E-Commerce Market Segmentation
• Trends and Developments in Mexico E-Commerce Market
• Issues and Challenges in Mexico E-Commerce Market
• Porter 5 Forces Analysis of Mexico E-Commerce Market
• Government Regulations in Mexico E-Commerce Market
• Impact of COVID-19 on Mexico E-Commerce Market
• Cross Comparison of Major E-Commerce Players
• Strengths and Weaknesses of Major E-Commerce Players
• Company Profiles of Major E-Commerce Players
• Future Market Size of Mexico E-Commerce Market
• Mexico E-Commerce Market Future Segmentation
• Analyst Recommendations
• Industry Speaks
• Research Methodology

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

Business Opportunities in Mexico’s E-Commerce Market

Related Reports by Ken Research: -

India Social E-Commerce Market Outlook to 2027

Taiwan E-Commerce Market Outlook to 2023

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 During the recent scenario, the market space is very vivacious in nature. In an endeavor to cope with such frequent deviations, market participants are aggressively in the necessity of research and consulting studies. The Ken Research as an originator of market intelligence research reports and wide-vacillating aggregator, equity, and region research reports dispenses business intelligence and working consultative crosswise 300+ vertical underscoring the inflammatory technologies, emerging business models along the routine analysis and accomplishment case studies.

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Germany Car Finance Market is expected to grow at a robust CAGR, owing to the emergence of online car finance applications as well as adoption of digital technologies: Ken Research

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Germany Car Finance Market is in the growing stage, owing to the emergence of online car finance applications, adoption of digital technologies for car financing and increasing vehicle prices. The Car Finance Industry in Germany is highly fragmented with key players such as Volkswagen Bank GmbH, Mercedes-Benz Bank AG, Banque PSA Finance S.A., Bank11 für Privatkunden und Handel GmbH, Süd-West-Kreditbank Finanzierung GmbH, Deutsche Bank AG etc.

• Germany Car Finance Market is witnessing robust growth in terms of production and demand as Germany is the world's largest market for Cars.
• Germany Car Finance Market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% during the forecast period (2022P-2027F).
• The inflation in commodity prices has compelled car manufacturing companies to increase vehicle prices in the last few years.

Digitalizing Car Finance Industry: Financial services institutions are implementing digital solutions at a faster pace to remain competitive. Advance technologies like block chain, AI, digital payment systems, and online mobile banking system, are the most prominent technologies used by financial industries today to provide the best car finance services to clients. Moreover, going digital can solve many challenges and deliver real benefits for both parties. “Going digital” helps foster, maintain, and grow the relationship between the dealer and their customers. Furthermore, new advances in digital and cloud technology have created valuable new innovations and trends in auto financing. This now enables auto dealers to manage all aspects of their lending program. It is used to take several days to process the application manually. However, due to digitalization and advancement in technologies, the same process takes only a few minutes now. Therefore, customers can easily avail quick and hassle-free credits which is further boosting the Car Finance Market in Germany.

Prevalence of Car Loan Among Millennial Population: German millennials' attitude regarding cars show that majority of Germans born since 1980, now own or lease a vehicle, which is more than the entire EU. Today, the usage of cars is more common among millennials in Germany, than in the entire EU. Among young Germans, majority said they would prefer to purchase a vehicle with a combustion engine, while only a few said they would choose an electric or a hybrid vehicle. As younger consumers have become more susceptible to financing their automotive purchases than previous generations, car financing has grown in popularity in Germany during the past several years. Therefore, Germany's millennials prefer loans and paying installments which is expected to increase and boost the Car Finance Industry in Germany during the forecast period.

Analysts at Ken Research in their latest publication “Germany Car Finance Market Outlook to 2027F – By Vehicle Type (New Car, Used Car), By Type of Car (Hatchbacks, Sedans, Luxury Cars, Sports Utility Vehicle), By Provider (Banks, NBFCs, OEMs and Others)” observed that Germany Car Finance Market has shown considerable growth in the last five years. In the upcoming years, it is predicted to expand more rapidly due to emergence of online car finance applications, the adoption of digital technologies for car financing and increasing vehicle prices. The Car Finance Market in Germany is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered in the report

By Vehicle Type

New Car

Used Car

By Type of Car

Hatchbacks

Sedans

Luxury Cars

Sports Utility Vehicle

By Provider

Banks

NBFCs

OEMs

Others

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By Percentage of Amount Sanctioned

Less than 25%

25-50%

51-75%

More than 75%

By Tenure of Loan

Less than 3 Years

3-5 Years

More than 5 Years

By Region

South-West

South-East

North-West

North-East

By Booking Mode

Online

Offline

Key Target Audience

Government Bodies and Regulatory Authority

Fintech Companies

Investors and Financiers

Venture Capitalist

New Market Entrants

Banks and its Subsidiaries

NBFCs

Captive Finance Companies

Automobile Companies

Car Dealers

Existing Car Finance Companies

OEM Dealerships

Auto mobile Associations

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Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

Companies Covered:-

Volkswagen Bank GmbH

Mercedes-Benz Bank AG

Banque PSA Finance S.A.

Bank11 für Privatkunden und Handel GmbH

Süd-West-Kreditbank Finanzierung GmbH

Deutsche Bank AG

Nordfinanz GmbH

Auto Empire Trading GmbH

smava GmbH

MCE Bank GmbH

Key Topics Covered in the Report:-

Germany Car Finance Market Overview

Germany Car Finance Market Segmentation

Ecosystem of Germany Car Finance Market

Market Share of Major Players in Germany Car Finance Market

Industry Analysis of Germany Car Finance Market

Value Chain of Car Finance Market in Germany

Key Growth Drivers of Germany Car Finance Market

End User Analysis of Germany Car Finance Market

Key Challenges of Germany Car Finance Market

SWOT Analysis of Germany Car Finance Industry

Future Outlook of Germany Car Finance Market

Trends and Development of Germany Car Finance Market

For more insights on the market intelligence, refer to below link:-

Germany Car Finance Market

Related Reports by Ken Research:-

Australia Car Finance Market Outlook to 2028F

Oman Car Finance Market Outlook to 2027F

China Car Finance Market Outlook to 2028F

Customer Satisfaction Survey Drives Customer Loyalty and Business Growth: Ken Research

 If you reach this page, you probably run your own business or deal with clients and want to know why gathering their opinions may be obligatory for you. At the outset, you need to know that Ken Research as one of the best Customer Satisfaction Survey Companies is having a team of experts and tools for collecting customer feedback utilizing online surveys, you can listen to customers’ voices and analyze them, making changes in the company reliant on them. Thanks to our experts, you can conduct both transactional and relationship surveys. However, we also understand that, in some cases, surveys will not be perfect for all of you.

Hence, being professional in gathering feedback, we tried to collect reliable causes for you to do so in this content. Perhaps you will opt for online surveys for this determination, or perhaps choose other solutions – this is your decision, and we want to carry you with as much information as possible to make it as easy as possible.

How to Measure Customer Satisfaction?

Customer satisfaction can seem like an imprecise concept, but there are concrete manners to measure it. You can source a customer satisfaction score by conducting CSAT surveys, for example, these are typically short, one- to two-question surveys proposed at the end of the business transaction. A classic question is “How satisfied are you with the product?” with feedback varying from “very satisfied” to “very unsatisfied.”

Although CSAT is one part of customer satisfaction, it is far from the only measure. Businesses also utilize Net Promoter Score surveys to determine whether their customer are detractors, promoters, or passives.

Why Customer Satisfaction Survey in 2022 is Important?

Different organizations are aware that customer satisfaction is the most imperative asset they have. However, collecting feedback from customers on an unremitting basis is not always seen as a priority, sometimes because no one is quite sure how to do it. We take a closer look at how online surveys can assist you to understand your customers and improve loyalty.

Customers have ever-growing options for online methods of communication at their fingertips, hence there is really no excuse for a business not understanding precisely what the user wants. Gathering customer feedback on prevailing products and services will carry you the insight to drive future decisions, resulting in a true customer-orientated business.

Rise your brand with Customer Satisfaction Survey Report

Studies demonstrate that satisfied customers tend to develop brand loyalty, leading to repeat business. They often spread the word by recommending services and products to friends and family as an informal referral procedure. You can form trust and loyalty by creating branded surveys that will incorporate the look and feel of your organization into your surveys.

Customer satisfaction surveys by Top Customer Satisfaction Companies gather precise information about negative and positive feedback or perceptions that could improve marketing or sales efforts. The continued growth of social media means thousands of potential customers can see comments about a brand almost instantaneously. By utilizing the opportunity to gather information and function you care about your reputation as a customer-friendly brand that truly aims to serve customers.

Associate with your customers

Online surveys by one of the best Customer Satisfaction Research Studies Companies allow you to arrive at your customers in many ways, especially as state-of-the-art software means all surveys are mobile-responsive. By reaching out to customers via emails, web links, SMS, and social media, you can reach individuals pretty much anywhere and at any time. If for some causes you are not able to associate with the internet, something that is becoming less and less likely, you can gather data offline and download it when you get back to the office.

The Germany Car Finance Industry has grown steadily in the last five years owing to the rising prices of cars as well as the increased demand for luxury cars: Ken Research

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The Car Finance Market in Germany saw a steady growth in the period of 2017-2021, and the market is expected to grow at a robust CAGR in the forecasted period.

Germany Car Finance Market Overview: The Germany Car Finance Market is currently at the growth stage due to increased demand for luxury cars as well as the surging car prices. The Car Finance Market in Germany is highly fragmented with many players. Production and demand for cars has increased in Germany as it is the world's largest market for automotive. E-Mobility and alternative drive technologies are creating a new business segment for the Car Finance Industry in the nation.

Increased Demand for Luxury Cars: The primary driver behind the growth of Car Finance Market in Germany is an increase in consumer demand for luxury cars in the country. Compared to previous year, the overall penetration rate of car finance in Germany has expanded significantly due to the rise in automobile consumption, modifications in residents' consumption notions, and improvement in the consumer finance sector.

Surging Prices of Cars Fuels the Market Growth: The inflation in commodity prices globally has compelled car manufacturing companies to increase vehicle prices in the last few years. In Germany, the need for borrowing when purchasing a car is logical, given that the purchase cost is typically insufficient to cover one's own income or assets. Few car buyers actually have the money saved, thus the majority of them must use an auto loan to buy the desired car. Germany's primary mode of transport is the automotive, which the Germans value above all else. People in Germany choose to take out loans since the average cost of a new car is relatively high. The car loan's interest rate is low since the vehicle can be used as collateral up until the last payment is made. Therefore, due to the low-interest rates, people prefer loans to buy car which is driving the Car Finance Market in Germany.

Analysts at Ken Research in their latest publication “Germany Car Finance Market Outlook to 2027F – By Vehicle Type (New Car, Used Car), By Type of Car (Hatchbacks, Sedans, Luxury Cars, Sports Utility Vehicle), By Provider (Banks, NBFCs, OEMs and Others)” observed that Germany Car Finance Market has shown considerable growth in the last five years. In the upcoming years, it is predicted to expand more rapidly due to emergence of online car finance applications, the adoption of digital technologies for car financing and increasing vehicle prices. The Car Finance Market in Germany is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered in the report

By Vehicle Type

New Car

Used Car

By Type of Car

Hatchbacks

Sedans

Luxury Cars

Sports Utility Vehicle

By Provider

Banks

NBFCs

OEMs

Others

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By Percentage of Amount Sanctioned

Less than 25%

25-50%

51-75%

More than 75%

By Tenure of Loan

Less than 3 Years

3-5 Years

More than 5 Years

By Region

South-West

South-East

North-West

North-East

By Booking Mode

Online

Offline

Key Target Audience

Government Bodies and Regulatory Authority

Fintech Companies

Investors and Financiers

Venture Capitalist

New Market Entrants

Banks and its Subsidiaries

NBFCs

Captive Finance Companies

Automobile Companies

Car Dealers

Existing Car Finance Companies

OEM Dealerships

Auto mobile Associations

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Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

Companies Covered:-

Volkswagen Bank GmbH

Mercedes-Benz Bank AG

Banque PSA Finance S.A.

Bank11 für Privatkunden und Handel GmbH

Süd-West-Kreditbank Finanzierung GmbH

Deutsche Bank AG

Nordfinanz GmbH

Auto Empire Trading GmbH

smava GmbH

MCE Bank GmbH

Key Topics Covered in the Report:-

Germany Car Finance Market Overview

Germany Car Finance Market Segmentation

Ecosystem of Germany Car Finance Market

Market Share of Major Players in Germany Car Finance Market

Industry Analysis of Germany Car Finance Market

Value Chain of Car Finance Market in Germany

Key Growth Drivers of Germany Car Finance Market

End User Analysis of Germany Car Finance Market

Key Challenges of Germany Car Finance Market

SWOT Analysis of Germany Car Finance Industry

Future Outlook of Germany Car Finance Market

Trends and Development of Germany Car Finance Market

For more insights on the market intelligence, refer to below link:-

Germany Car Finance Market

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Australia Catering Services Market Is Expected to Grow Owing to High-Quality Catering Facilities and Services in Remote Locations and Technological Advancement: Ken Research

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Australia’s Catering Services Market is at a growing stage and has a consolidated market with about the top 4 players accounting for majority of the share in the catering business in the country. The Catering Services Market in Australia has seen the emergence of more players over the past 5 years. Sodexo Australia, Compass Group, and Downer EDI Limited are market leaders in Australia.   

Key Findings

• There is a direct operational presence of all major global catering vendors in the top-tier cities of Australia as well as some large regional and local players in the market.
• There is a growing emphasis among buyers toward sustainable sourcing and the adoption of technology to improve the customer experience and reduce waiting times for food.
• Government/Defense Catering holds a significant share of the end-user segment of catering services in Australia. There are very few companies that exist in this sector.

Demand for Healthier Fresh Food among Corporate Buyers: The Australian catering services market is being aided by the increase in demand for healthier fresh food among corporate buyers. The food service operators will be shifting their focus on offering healthier meals prepared from fresh ingredients at the location's kitchen and decreasing their dependence on frozen prepared foods. The growing emphasis on the adoption of technology to improve the customer experience and reduce time wasted waiting for food will be augmenting the market growth in the future. The rapid increase of new catering businesses in the country will trigger a rise in the demand for specialized catering services. In the coming years, the suppliers will be improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring, thus, providing further impetus for industry growth.    

Growing Health Consciousness around the country: Australia’s Catering services have included healthy eating options, such as organic foods, a balanced vegan diet, and healthy snacks due to the trend of growing health consciousness around the country. Locally sourced fresh farm produce will be in high demand for fruits, vegetables, and meat products, further driving the catering services market further. Frozen and processed food is being avoided due to rising quality concerns and issues related to food safety. The increase in the growing penetration of mobile-based payment solutions, such as Apple Pay, Samsung Pay, and Google Android Pay, gives customers the convenience of making payments through online wallets without the need to carry cash while reducing the time taken for payments at the counter, further invigorating the catering services market growth.

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Customized Menus and Dining Experiences: The Australian catering services market is being propelled forward as catering is being used as a talent attraction and retention tool by several corporate offices. An increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit, rather than just a meal to attract and retain talent. The companies are offering customized menus and dining experiences to the employees at a subsidized rate, which is becoming a norm to attract and retain the best talent by enhancing employee satisfaction and morale. Such a holistic dining experience also encourages employees to eat together and build a sense of belonging to the company. This, as a result, will give rise to a lot of themed restaurants and fine-dining eateries on campus.   

Analysts at Ken Research in their latest publication “Australia Catering Services Market Outlook To 2027F - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering” observed the potential of the Catering Services Market in Australia. The change in consumer preferences, health-conscious among the population, technological advancement in the catering business, increasing tourism, along with rising demand for ready to eat outdoor food and increased accessibility around the country is expected to contribute to the market growth over the forecast period. The Australia Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.    

Key Segments Covered in the report

Australia Catering Service Market

• By Type:
• Contract catering
• Non-Contract catering

• By Length of Contract:
• Short-Term
• 1 year
• More than 1 year

• By End Users:
• Industrial
• Government
• In-Flight
• Corporate
• Education
• Event
• Healthcare
• Others

Key Target Audience

• Airline Catering Companies
• Fine Dining Caterers
• School Caterers
• Hotels
• Industrial Caterers
• Government Bodies
• Facility Management Companies
• Industries
• Schools
• Hospitals

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Time Period Captured in the Report:

• Historical Year: 2017-2022
• Base Year: 2022
• Forecast Period: 2022– 2027F

Companies Covered:

• Sirrom Corporation
• Nisbet Australia
• Alpha Flight Services
• Life’s a party group
• Compass Group
• Sodexo Australia
• Spotless Group Holdings Limited
• Downer EDI
• Luckman Catering
• Fresh Catering
• Damn Fine Food
• Gastronomy
• Yarra Valley Catering
• Paella Amor

Key Topics Covered in the Report

• Executive Summary of the Australian Catering Service Market
• Australian Catering Service Market Introduction and Value Chain Analysis
• Australian Catering Service Market Size, 2017-2022
• Australian Catering Service Market Segmentation, 2022
• Snapshot on Food & Beverage Industry
• Best Selling MENUSs – End user segment-wise
• Trends and Developments in Australian Catering Service Market
• Issues and Challenges in Australian Catering Service Market
• Porter's Five Forces Analysis for Australian Catering Service Market
• Regulatory Framework in Australian Catering Service Market
• Comparative Landscape in the Australian Catering Service Market
• Australian Catering Service Market Future Outlook and Projections, 2022-2027F
• Analyst Recommendations

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

Australia Catering Services Market Outlook To 2027F: Ken Research

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Business Opportunity in Egypt Radiology Equipment’s Market: Ken Research

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1. The radiology equipment industry in Egypt has full-grown over the review Duration 2015-2020 due to supporting factors like the geriatric population and the transition of healthcare amenities from analogy to digital technologies.

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The radiology equipment market in Egypt has expanded at a significant growth rate over the forecasted period of 2015-2020. Factors like the geriatric population in the country and the transition of healthcare amenities from analogy to digital technologies have played a key role in helping this industry to grow over the past several years. The current growth indicates the bright future of the radiology equipment market in Egypt as the enhancement in the healthcare infrastructure is expected to produce the demand for such products in the coming years. Also, an increasing number of diseases and injuries will induce a high demand for this equipment in the next five years.

2. Presently, GE, Philips, and Siemens have been the leading competitors for all Radiology equipment with the highest number of Installed units.

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There are multiple players present in the Egypt Radiology Equipment Market, these include Philips, GE, Siemens, Toshiba, Fujifilm, DRTECH, Vieworks, Listem, Vila, DRGEM, Allengers, Bontech, iRay, Ecoray, WDM, SG Healthcare, Hologic, Technix, Ziehm Imaging, Shimadzu and more. They are working more proficiently to keep maintain the governing position, registering the great value of the market share, leading the highest market growth, obtaining the competitive edge, and generating the highest percentage of revenue by increasing the features and benefits of radiology equipment.

3. The sale of Refurbished and Pre-Owned Equipment, illegal imports and high duties and taxes are some of the Challenges faced by Companies, in the Egypt Radiology Equipment Market.

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Egypt is 100% import driven when it comes to the radiology equipment sector. It has very strict policies for importing Medical equipment in the country. 5-10% of import duties are levied on medical devices depending on the country of export. Asian Brands pay a higher import duty as compared to other brands. As a result, to avoid approvals and import duties, certain trading companies import products like C-Arm equipment into the country through illegal means. This impacted the growth of the radiology sector in Egypt. Not only this, the demand for Refurbished and Pre-owned equipment’s comparatively high in the country as these pre-owned equipment cost usually 40-50% less than a piece of brand-new equipment which further act as an add-on to the list of challenges of this segment.