Thursday, March 23, 2023

Egypt Fitness equipment market is expected to generate revenue at a CAGR of ~8.5% in between 2021 and 2026 | Ken Research

 Buy Now

1. The Fitness Industry in Egypt contributed 0.1% of GDP in 2020 employing a Total of ~20,500 people in all types of Fitness Centre Establishments.

Egypt Fitness Industry

An increase in consumer spending and an increase in lifestyle diseases will drive the growth of health establishments and expand the coverage of fitness centres. Additionally, with rising income and more fitness awareness, consumers have shifted from being purely price sensitive to balancing price and performance, with an increasing willingness to pay for improved services. Moreover, higher demand has been observed among people for private training sessions and yoga sessions at their homes from certified professional trainers working as freelancers which helps to drive the demand for fitness services further.

2. The Fitness Market has a ripple effect on other sectors such as Fitness Equipment Industry, Construction, Real Estate, Apparel, Footwear, and Technology
Egypt Fitness Equipment Market

To Know More about this report, download your Free Sample Report

The demand for sports apparel and footwear is directly proportional to the growth of fitness centres and active members in the country. Initially, sports apparel was mostly worn by athletes but with time, it has become quite common with regular gym-goers & other non-athletes. Moreover, the rise of smartphones and mobile apps has made brand-customer interaction more convenient and accessible. As a result, gyms are taking advantage of this technology to reach out to members.

3. Egypt Fitness Equipment Market generated a revenue of $ ~50.0 Mn in 2020 majorly driven by an increasingly sedentary lifestyle and a rising number of fitness service providers

Egypt’s Fitness Equipment Market

To Know More about industry trends, Request a free 30 Min Expert call

Egypt’s Fitness Equipment Market generated a revenue of $ ~50.0 Mn in 2020 driven by changing lifestyle of the population, a rise in sales of in-home equipment coupled with increasing inclination towards health and wellness in the country. Moreover, a sedentary lifestyle, limited or no time for physical activities, and consumption of junk food are responsible for obesity which is compelling people to resort to physical workouts, thereby expanding the fitness equipment market size. Additionally, an increase in the number of gymnasiums and fitness service providers offering various packages and discounts for weight loss and related programs has increased the client base. Furthermore, fitness Machines & Cardio training fitness equipment has dominated the overall fitness equipment market with Cairo and Alexandria having the majority of health clubs and gyms accounting for extensive revenues in Egypt’s fitness equipment market.

4. Initiatives such as National Sports Day and Annual sponsored fitness events like Ooredoo Marathon are taken up by the Government to Raise Awareness about Healthy Lifestyles and Physical Activity

Fitness Equipment Market

The Egyptian government’s aim is to increase community awareness about the importance of physical activity and boost the community’s capability to adopt healthy lifestyles, create a supportive healthcare environment, and encourage the involvement of local communities and civil society organizations in the promotion of health awareness programs. In recent years, various sports clubs and groups have emerged facilitating major sporting events like Cairo Marathon and Maadi Runners. The result has been mushrooming of free mass running events across Egypt promoting outdoor exercises with participation averaging around 2,500 runners and in large marathons with around 8,000 or more participants. Furthermore, the Egyptian government has planned to change the educational curriculum and structure of school timetables to accommodate more formal physical education with the hope to create a positive perception public towards health and fitness. In 2018, the Egyptian Prime Minister made it compulsory to have marked hours of physical training in schools which has positively affected the market.

Indonesia sports equipment market is expected to grow owing to the rising sports popularity, growing disposable incomes and rising health consciousness among people in Indonesia: Ken Research

 In Indonesia Sports Equipment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. Key players are embarking on online distribution channels for their online marketing and branding of their products to expand their geographic reach and increase their customer base.

Indonesia Sports Equipment Market

Key Market Findings:

  • Indonesia Sports Equipment Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
  • Growth slowed to ~% in 2017 due to the extreme weather conditions the country experienced.

Rising Sports Popularity: Indonesia sports equipment market size is expected to grow during the next five years. Indonesia is one of the most popular markets for sports equipment in Asia Pacific. Factors that are driving the sector are rising sports popularity, growing disposable incomes and rising health consciousness among people in Indonesia. The country is the fourth most populous nation in the world and this factor is stimulating the industries since with the large population, the number of people participating in sports is also large, which increases the demand for sports equipment in the country.

Growing Health Awareness: Sports industry is growing to be biggest in the world as more and more people are increasingly taking up sports and recreational activities in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for athletic equipment. Additionally, the rising trend to follow the prominent sport players will drive the accessory business.

Significant Rise after Covid: Despite being confined to their homes, exercise aficionados did not let their ambitions for improving their health go. Many people are inspired to create a home exercise regimen that can go beyond requirements for social distance. Specialized gyms and fitness studios start to become more and more well-liked as hectic lifestyles reduced the amount of time available for workouts.

Analysts at Ken Research in their latest publication Indonesia Sports Equipment Market Outlook to 2027F - by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Indonesia Sports Equipment Market Analysis

To Know More about this report, download a Free Sample Report

Key Segments Covered in the report

By Sports Type

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports

By Distribution Channels

  • Online
  • Offline

By Product

  • Ball over net games
  • Ball games
  • Strength Equipment
  • Athletic training equipment
  • Others

Key Target Audience

  • Existing Sport Equipment Manufacturers in Indonesia
  • Sports Companies aiming to establish in Indonesia
  • Sports Equipment Industries
  • Government Bodies & Regulating Authorities
  • Online Game Industry
  • E-Sports industry
  • E-Sports users
  • Industry Associations

Time Period Captured in the Report:

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

Visit this Link Request for a custom report

Companies Covered:

  • Adidas
  • Puma
  • Amer sports
  • Under armour
  • New Balance
  • Nike,Inc
  • Reebok International Ltd
  • V.F. Corporation
  • Everlast worldwide, Inc
  • Wilson Sporting Goods
  • Fila, Inc

Key Topics Covered in the Report

  • Indonesia Sports Equipment Market Overview
  • Indonesia Sports Equipment Market Segmentation
  • Ecosystem and Business Cycle of Indonesia Sports Equipment Market
  • Market Share of Major Players in Indonesia Sports Equipment Market
  • Competition Scenario of Indonesia Sports Equipment Market
  • Industry Analysis of Indonesia Sports Equipment Market
  • Value Chain of Indonesia Sports Equipment Market
  • Key Challenges of Indonesia Sports Equipment Market
  • End User Analysis of Indonesia Sports Equipment Market
  • Key Growth Drivers in Indonesia Sports Equipment Market
  • SWOT Analysis of Indonesia Sports Equipment Industry
  • Future Outlook of Indonesia Sports Equipment Market
  • Trends and Development of Indonesia Sports Equipment Market
  • Analyst Recommendations
  • Research Methodology

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

Indonesia Sports Equipment Market Outlook to 2027F

Related Reports by Ken Research: –

The US Sports Equipment Industry Outlook to 2017

India Fantasy Sports Market Outlook to FY’2027F

Global Water Sports Equipment Market Outlook to 2022

Automotive Lubricants in Malaysia is expected to Generate MYR 13 Billion by selling ~281 Million Liters of Lubricants by 2025: Ken Research

 Buy Now

1. Increasing Automotive Demand and a Growing Number of Automotive OEMs Driving the Automotive Lubricants Industry in Malaysia

Automotive Lubricants Industry in Malaysia

The Malaysia Automotive Lubricants Market is at its Growth Stage, increasing with a CAGR (2014-2020) of 11.7% and 2.7% by revenue and sales volume respectively. The industry experienced a drastic fall in lubricant sales due to the implementation of the national lockdown in March 2020. In 2020, a decline of -29.5% and -25.9% was witnessed in sales volume and revenues respectively due to the shutdown of service stations and restrictions on non-essential travel throughout the country. High growth potential in the industry due to a shift in preference to expensive synthetic and semi-synthetic lubricants  is expected which will be supported by more intensive motor vehicle use, rising vehicle ownership and expanding OEM output.

2. Semi-Synthetic and Synthetic Dominating the Industry because of their Better Performance, Durability and Relatively Lower Price

Automotive Lubricants Market

To Know More about this report, download your Free Sample Report

Semi-Synthetic formulations capture the highest market share from conventional lubricants, mainly due to performance benefits, including enhanced fuel economy and improved engine protection at lower prices than synthetic lubricants. The overall market share in 2019 was 264.5 Mn L which then witnessed a fall in 2020 due to the global pandemic capturing a market share of 186 Mn L. Compared to mineral oils, semi-synthetic oils are thinner and more durable. They are also suitable for modern engines and are often preferred as the economical alternative to fully synthetic oils for engines that cannot use mineral-based oils.

3. Automotive Lubricants Market in Malaysia is highly concentrated with the Top 3 Players having a Market Share of ~71%

Automotive Lubricants Market

To Know More about industry trends, Request a free 30 Min Expert call

The Automotive Lubricants Market in Malaysia is highly concentrated among the Top 3 Players for Automotive Lubricants Market in Malaysia. These players include Shell, Petronas and Castrol with a market share of ~71% (Sales Volume in Million Litres) Semi Synthetic Lubricants is the key Product Segment out of the three grades of Lubricants. However, with the changing trends and demand Synthetic is gaining popularity amongst vehicle owners in Malaysia. Limited number of Players such as Shell, Petronas has a blending plant for lubricants in Malaysia. Moreover, the majority of the players import their final products from their blending plants in other countries.

4. Automotive Lubricants in Malaysia are expected to grow at a steady rate owing to changes in formulations & partnerships

Automotive Lubricants Market

Malaysia's Automotive Lubricants Market is expected to consume 281 Mn L by 2025, projecting revenue growth of ~12% for the forecasted period 2020-25. Introduction of e-transmission fluids including e-greases, and e-thermal fluids that are indicated for use only in EVs and are used in plug-in hybrids (PHEVs), battery electric vehicles (BEVs) and fuel cell EVs (FCEVs). Moreover, rapid engine hardware changes in vehicles are forcing companies to develop high-performing formulations that efficiently deliver outstanding engine protection. The global pandemic has led consumers to migrate from in-store purchasing to online which includes the online purchase of automotive lubricants from platforms such as Shopee and Lazada.

The Australia Bags & Lightning Market is witnessing a steady recovery from the disruptions induced by the Global pandemic during the year 2020-2021: Ken Research

Online Preference: The growing preference for online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay. The business bags segment is gaining significant traction in the market studied due to the increasing business travel worldwide and economic improvements in Australia market. Demand from online shopping is expected to grow in upcoming years, providing an opportunity for industry expansion.

High Competition: The Australia Bags & Luggage Market is highly competitive which provides a wide range of variety for the customers but ultimately makes it difficult for the players to keep up with the trends. The competition is based on good product quality, high quality products at affordable prices, smart fashion. Features like Smart lock, USB port, magnetic zipper puller, finger print lock are in trend. Moreover, the Australia luggage market is increasingly engaged in the production of luggage bags, backpacks, duffel bags, laptop bags, and other various business travel bags, thus, driving the market further in the region.

Analysts at Ken Research in their latest publication, Australia Bags & Luggage Market Outlook 2027F- Driven by Online shopping preference & fast fashion trends” by Ken Research observed that Australia Bags & Luggage Market is in a growth phase & is  expected to grow at a CAGR of ~%  in the upcoming years owing to fast fashion trends. It is to be noted that the Australia Bags & Luggage market is fragmented with major global brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.

Australia Bags and Luggage Industry

Key Segments Covered

By Product Type

  • Travel bags
  • Business Bags
  • Leisure Bags
  • Sports bags
  • Others

To Know More about this report, download a Free Sample Report

By Distribution Channel

  • Online
  • Offline(Supermarkets, Speciality store, others)

By Market Structure

  • Organized
  • Unorganized

Price category

  • Luggage Price Category(Mass Segment, Premium segment, Luxury segment)
  • Handbag Price Category (Mass Segment, Premium segment, Luxury segment)
  • Backpack Price Category (Mass Segment, Premium segment, Luxury segment)
  • Duffel Bag Category (Mass Segment, Premium segment, Luxury segment)

By Luggage

  • Soft Luggage
  • Hard Luggage
  • Wheeled Luggage
  • Non-Wheeled Luggage

Time Period Captured in the Report:

  • Historical Period: FY’17- FY’22P
  • Base Year: FY’22P
  • Forecast Period: FY’23F – FY’27F

Visit this Link Request for a custom report

Key Target Audience

  • Luggage Manufacturers
  • Bags Manufacturers
  • Retailer & Distributors

Key Players Covered

  • Gucci
  • Australian Tourister
  • Mimco
  • Brie Leon
  • Oroton
  • July
  • Antler

Key Topics Covered in the Report:

  • Executive Summary of Australia Bags & Luggage Market
  • Country Overview of Australia Bags & Luggage Market
  • Overview of Australia Bags & Luggage Market
  • Market Size of Australia Bags & Luggage Market
  • Market Segmentation Australia Bags & Luggage Market
  • Industry Analysis of Australia Bags & Luggage Market
  • Consumer Analysis of Australia Bags & Luggage Challenges and restrains
  • Competitive Analysis of Australia Bags & Luggage Market
  • Future Outlook of Australia Bags & Luggage Services
  • Covid Analysis of Australia Bags & Luggage Market
  • Analyst Recommendations

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

Australia Bags and Luggage Market

Related Reports by Ken Research: –

India Luggage and Bags Market Outlook to 2025

Philippines Luggage and Bags Market Outlook to 2023

Saudi Arabia Bags & Luggage Market Outlook to 2025

Indonesia Sports Equipment industry has grown in the last five years owing to the rising consumer awareness about health and the rising sports popularity: Ken Research

 As a kind of active and passive entertainment, sports have gained popularity. Sportswear has seen an increase in consumer expenditure, with athleisure apparel and accessories accounting for a higher portion of the cost.

Rising Consumer Interests in Sports: The booming enthusiasm for country-level and international tournaments has been gaining tremendous followers worldwide and led to a large number of athlete admissions every year, which, therefore, propelled the demand of associated businesses, including sports equipment. The prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media, and celebrity endorsement has been encouraging consumers to buy various types of sports equipment.

Design flaws and Quality issues: The production of sports equipment in Indonesia is a complex process that requires meticulous planning, as well as technical know-how to reduce lead and order times. Many companies underestimate this effort, and as a result, the mass-produced sports equipment ends up with design flaws, quality issues, or unnecessary product development costs. Moreover, complications commonly arise if clients have no local presence in Indonesia because they can’t physically assess the suppliers and make sure they follow the project timeframe. Thus, disrupted supply chains. Furthermore, quality issues in sports equipment can lead to accidents and injuries, therefore strict quality control is crucial in this industry and proper product testing is required to assess potential hazards.

COVID-19 Impact on Indonesia Sports Equipment: The Indonesian sports equipment market's expansion was hampered by the coronavirus epidemic, which also constrained the sector's growth. Prior to the pandemic, the market for sports equipment in Indonesia was growing, but because of the lockdown, it faced several difficulties. The industry is now prospering. The market's expanding growth potential have increased the sector's chances of expansion. The industry has been developing more quickly, and it will continue to expand across the nation.

Analysts at Ken Research in their latest publication Indonesia Sports Equipment Market Outlook to 2027F - by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Indonesia Sports Equipment Market

Key Segments Covered in the report

By Sports Type

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports

To Know More about this report, download a Free Sample Report

By Distribution Channels

  • Online
  • Offline

By Product

  • Ball over net games
  • Ball games
  • Strength Equipment
  • Athletic training equipment
  • Others

Key Target Audience

  • Existing Sport Equipment Manufacturers in Indonesia
  • Sports Companies aiming to establish in Indonesia
  • Sports Equipment Industries
  • Government Bodies & Regulating Authorities
  • Online Game Industry
  • E-Sports industry
  • E-Sports users
  • Industry Associations

Time Period Captured in the Report:

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

Visit this Link Request for a custom report

Companies Covered:

  • Adidas
  • Puma
  • Amer soprts
  • Under armour
  • New Balance
  • Nike,Inc
  • Reebok International Ltd
  • V.F. Corporation
  • Everlast worldwide, Inc
  • Wilson Sporting Goods
  • Fila, Inc

Key Topics Covered in the Report

  • Indonesia Sports Equipment Market Overview
  • Indonesia Sports Equipment Market Segmentation
  • Ecosystem and Business Cycle of Indonesia Sports Equipment Market
  • Market Share of Major Players in Indonesia Sports Equipment Market
  • Competition Scenario of Indonesia Sports Equipment Market
  • Industry Analysis of Indonesia Sports Equipment Market
  • Value Chain of Indonesia Sports Equipment Market
  • Key Challenges of Indonesia Sports Equipment Market
  • End User Analysis of Indonesia Sports Equipment Market
  • Key Growth Drivers in Indonesia Sports Equipment Market
  • SWOT Analysis of Indonesia Sports Equipment Industry
  • Future Outlook of Indonesia Sports Equipment Market
  • Trends and Development of Indonesia Sports Equipment Market
  • Analyst Recommendations
  • Research Methodology

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

Indonesia Sports Equipment Market Outlook to 2027F

Related Reports by Ken Research: –

The US Sports Equipment Industry Outlook to 2017

India Fantasy Sports Market Outlook to FY’2027F

Global Water Sports Equipment Market Outlook to 2022

Wednesday, March 22, 2023

The Vietnam lubricant market is expected to generate ~ 41 Trillion VND in 2026 | Ken Research

  • Vietnam’s population is anticipated to grow to 98.5 Mn with 49.9% male population and 50.7% female population. About 62.9% population is urban and the rest lives in rural area.
  • Manufacturing sector contribute majority of 25% to the country’s GDP, with wholesale and retail at second spot (9.3%) and construction at third (5.9%).
  • Electrical machinery & equipment, clothing & accessories are the major items exported and Electrical Machinery & Equipment, machinery including computers, and plastics are the items imported to Vietnam which stand at 400 Bn. VND and 300 Bn. VND respectively.

Market size of Vietnam lubricants: More market players are expected to enter into lubricant industry independently or with collaboration to cater rising demand from end users. Also, the direct sales of lubricants in Vietnam are expected to grow at a faster rate as companies started focusing on increasing margins and overall profits by reducing middleman. The demand of lubricants in construction industry accounts nearly several million liters in 2021 which is further expected to increase in coming years. The construction industry projected to grow by over ~% CAGR in coming years.

Lubricants Market

To Know More about this report, download your Free Sample Report

Segmentation in lubricant market: The lubricant market in Vietnam in basically divided into automotive & industrial lubricants. The market for synthetic grade lubricants is projected to increase faster at ~% CAGR as compared to other grades by 2026 owing to increasing lubricant quality standard awareness among consumers and high-performance machinery are driving the growth of synthetic oils. Increasing demand for raw material such as Process Oil, used in various industries which are expanding viz., polymer industry, agriculture etc., is further pushing the demand forward.

Future Trends in Vietnam lubricant Market: The automotive segment anticipated to maintain its dominance in the Vietnam Lubricants market during forecast period 2026 owing to increasing automobiles sales whereas the growth in Industrial lubricants market is expected to increase at a faster pace during 2021-2026. With fluctuations in prices of crude oil, the prices for Automotive as well as Industrial lubricants will increase in the forthcoming years. Increasing sales of vehicles in the country further expected to increase lubricants demand by 2026.

Analysts at Ken Research in their latest publication Vietnam Lubricant Market Outlook to 2026F-Driven by Growth in Crude Oil Import and Rising Sales of Motorcycles in the Countryby Ken Research observed that lubricant market is at rise in Vietnam at a rebounding stage from the economic crisis after pandemic. The increase in the demand of bio lubricant and increasing awareness of lubricant quality standard will further drive the market in the coming years. The Vietnam Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2021-2026F.

Key Segments Covered:-

Vietnam Lubricant Market

By Type of Automotive Lubricant

  • Heavy duty diesel engine oil
  • Motorcycle oil
  • Passenger vehicle motor oil
  • Grease

By Type of Industrial Lubricant

  • Process oil
  • Hydraulic oil
  • Gear oil
  • Grease

By Type of end use of automotive lubricant

  • Commercial vehicles
  • Motor cycle
  • Passenger cars
  • Marine
  • Aviation

To learn more about this report Download a Free Sample Report

By Type of distribution channel in automotive lubricant

  • Dealers and distributers network
  • OEM workshops and service station
  • Online retail

By Type of end use of industrial lubricant

  • General manufacturing
  • Metal & mining
  • Construction
  • Power generation

By Type of distribution channel in industrial lubricant

  • Dealers and distributors
  • Direct sales

Key Target Audience

  • Lubricant companies aiming to establish into Vietnam
  • Vietnam lubricant industries
  • Government Bodies & Regulating Authorities
  • Automotive Industry
  • Industrial industry
  • Motorcycle company
  • Lubricant dealer and users

Time Period Captured in the Report:-

  • Historical Year: 2016-2021
  • Base Year: 2021
  • Forecast Period: 2021– 2026F

Visit this Link: - Request for custom report

Companies Covered:-

  • Castrol BP Petco Co Ltd
  • Shell Vietnam
  • Petrolimex
  • Total Vietnam Company Ltd
  • Mekong Petrochemicals JSC
  • Caltex Lubricants Vietnam Ltd
  • JX Nippon Oil & Energy Vietnam Co Ltd
  • AP Saigon Petro JSC
  • ENSOS Vietnam Co Ltd
  • Katsum Trading & Service JSC
  • PTT Lubricants

Key Topics Covered in the Report

  • Country Overview of Vietnam
  • Vietnam Trade Analysis
  • Lubricants Supply and Demand Statistics, 2020
  • Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
  • Vietnam Automotive Industry, 2021
  • Region wise Cars and motorcycles Registration in Vietnam, 2021
  • Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country in 2021
  • Ecosystem of major Entities in Vietnam Lubricants Market
  • Business Cycle and Genesis of Vietnam Lubricants Market
  • Timeline of major Players in Vietnam Lubricants Market
  • Value Chain Analysis for Vietnam Lubricants Market
  • Vietnam Automotive & Industrial Lubricants Market Segmentation, 2021
  • SWOT Analysis for Vietnam Lubricants Market
  • Porter’s Five Forces Analysis of Vietnam Lubricants Market
  • Growth Enablers in Vietnam Lubricants Market
  • Bottlenecks and Challenges in Vietnam Lubricants Market
  • Trends and Developments in Vietnam Lubricants Market
  • Vietnam Lubricants Market Regulations
  • Tax Rates for Lubricants in Vietnam, 2018-2020
  • End User Analysis of Vietnam Lubricants Market
  • Pricing Analysis of Automotive and Industrial Lubricants, 2021
  • Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
  • Cross Comparison of Major Players in Vietnam Lubricants Market
  • Covid-19 Impact on Vietnam Lubricant Market
  • Future Outlook and market Size for Vietnam Lubricant Market, 2021-2026F
  • Future Segmentation for Vietnam Industrial Lubricant Market, 2026F
  • Future Segmentation for Vietnam Automotive Lubricant Market, 2026F
  • Market Opportunities and Analyst Recommendations
  • Analyst Recommendations
  • Research Methodology

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

Business opportunities in Vietnam Lubricant Market

Related Reports by Ken Research:-

Nigeria Lubricants Market Outlook 2027F

Mexico Lubricants Market Outlook to 2027F

Oman Lubricants Market Outlook to 2027F 

Philippines Used Car Market is expected to Gain Momentum due to the emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research

 1. The Used Car Market of Philippines is growing at a impressive growth rate and expected to grow more in the coming years.

Philippines Used Car Market

The Philippines used car market is one of the growing markets within Southeast Asia and huge volumes are being traded each year. The market has registered a positive CAGR of ~7% during 2015-2020. One of the reasons behind this growth is the recent imposition of TRAIN taxes which has increased the cost of purchasing a brand-new imported car, thus driving the potential buyers towards the used car market. In the coming years, the used cars market is expected to expand in the Philippines because of the resilience shown by this industry. Also, during the pandemic a lot of organized players planned to enter the market, and Filipinos are realizing the advantages of buying a pre-owned car, this will drive the growth of the market more in the coming years.

2. Unorganized segment dominates the Used Car Market in Philippines with the highest market share.

Philippines Used Car Market Share

To Know More about this report, download a Free Sample Report

Within the used cars market, there are two broad segmentations, namely- the organized segment and the unorganized segment. The unorganized market dominates the overall market with a whopping ~56% share. These freelancers and individual sellers sell very low volume of vehicles individually, however, the number of these freelancers and consumers is very high in the economy and therefore in totality, they sell more cars compared to organized market players.

The organized segment on the other hand consists of sales of used cars taking place from businesses to customers.  These used car dealers are well established with at least 2 outlets and more than 50 units in the inventory at a point of time. The banks selling repossessed cars and DDSA entities selling pre-owned (both certified and non-certified cars) belong to the organized segment. This segment only constitutes ~44% of the overall market share.

3. Online mediums lead in the organized segment of the used Car Market in Philippines with the highest market share.

Philippines Used Car Market Revenue

Visit this Link Request for a custom report

In Philippines, the Used Car market has carved a niche in the online space. Around 85% of the lead generation for used cars in the organized segment happened via the online platforms. The Direct Dealership Sales Agents (DDSAs) (OEMs) have their own websites, and pages on social media, whereas several multi-brand dealers prefer listing their inventory on the classified platforms as well. Facebook is gaining traction as an online space for buying and selling used cars in the Philippines. On the other hand, dealership walk-ins accounts only ~15% of the lead generation. Also, the lead generation by dealership walk-ins is consistently falling as the used cars market is expanding in the online space.

Indian Vernacular Industry is Expected to grow at a CAGR of 76% in the coming five years | Ken Research

 1. Digital Advertising Industry grew at a CAGR OF 28.12% over the last few years.

Digital Advertising Industry

To Know More about this report, download your Free Sample Report

The Digital advertising industry saw a steady growth over the period of 2016-2022 is expected to grow steadily for the next five years. Established platforms have started monetizing, with majority of the platforms still in the pilot phase of earning revenue through advertisement. Vernacular will constitute a major segment in the online advertising spend in the coming year, with brand realizing the awareness of marketing in localized content to tap the local audience for their product.

2. The Indian Vernacular Industry has grown rapidly over the last six years.

Indian Vernacular Industry

The Vernacular Market in India recorded a positive CAGR of 60.5% on the basis of revenue generated in between 2017 and 2022. Covid-19 bought a significant increase in the vernacular segment, with increase in digital penetration, high screen time and increase in content creators among others. Reducing internet charges, increasing digital literacy and high disposable income are driving the growth of Indian vernacular industry. The market is expected to grow further over the next 5 years owing to increase in monetization efforts, entry of new players and increasing rural digitalization and more.

3. The Southern Region is dominating the Indian Vernacular Market at 43%.

Indian Vernacular Market

South Indians have higher sense of attachment towards their language and culture and Hindi being widely spoken in northern part explain the reason for highest share in South. Eastern region has the lowest share due to low population proportion and internet penetration. The southern market is expected to continue dominating the space. The west and east market is expected to be on the similar lines with a very slight increase over time.

Growing food processing industry, shift in cropping patterns to horticulture, and Proactive Govt. Policies and Financing Support will propel the growth of the Indian Agricultural Cold Storage Market: Ken Research

 1. Cold storage capacity has increased year on year, however, there is a lack of modern storage facilities that hold back the industry’s extreme growth.

India Agricultural Cold Storage Market

The cold storage sector in India is driven by the increase in international trade because of liberalization in trade. Also, with the push by the government via various incentive-led schemes and recommendations of NCCD (2015), the number of cold storage units increased dynamically in August 2020. Although the highest number of units are concentrated in Uttar Pradesh, the top 5 states contribute >75% to total Indian capacity. This highlights the focus to ensure a well-distributed mechanism in India. Moreover, more than 80% of units are decades old in nature and lack modern techniques for storing more commodities, temperature control methods, etc. which inhibits the growth of the cold storage industry.

2. Inadequate capacity for multi-storage, high Opex, long gestation period & small unorganized players are some of the other pain points of this industry.

India Agricultural Cold Storage Market Revenue

To Know More about this report, download a Free Sample Report

While the cold storage capacity has increased at a CAGR of ~4.8% during 2010-20, it is still behind the capacity of New Zealand, the USA, and Great Britain in terms of availability per urban resident in cubic meters. There can be many reasons for it. One of them is the inadequate capacity for multi-storage. Around 68% of its capacity is suitable for potato storage only which makes it an economically not so-viable option in bumper years of production.

Also, only 20% of revenues of the cold chain sector are generated from Potato while the multi-purpose sector increases the capacity utilization rate and contributes 54% to total revenue. Moreover, the presence of small independent private players has restricted the growth of the industry as these players do not possess the required monetary backing for undertaking capacity expansion, technological advancements across cold chains, procuring reefer trucks, setting up mobile units, etc. Also, the low availability of skilled staff at economically viable rates increases the Opex.

3. Opening up of the sector and technological push is gearing up for unleashing the potential of the cold storage market in India.

India Agricultural Cold Storage Market Share

Visit this Link Request for a custom report

Despite having challenges, the industry is expected to grow in the future as multiple factors are working together to boost growth. One of them is the surge in the adoption of CA Technology. Cold storage operators with sound capacity & sizeable operations expressed willingness to upgrade their cold storage rooms with Controlled Atmosphere technology. Given the inherent benefits of technology, cold storage operators are looking to diversify clientele to export partners; fetching higher returns than normal market prices.

In addition to this, in 2020, Mumbai airport became the world’s largest airport-based temperature-controlled facility with a capacity of stock holding up to 700 tonnes at a time. Railways of India has been undertaking multiple steps via CONCOR & subsidiaries to establish/ operate cold storage units in various states. Entry of new players, increase in contract farming, and backward integration are some of the other trends and development in the industry.

KSA Last Mile LEVs Market is growing and have huge potential due to its high penetration: Ken Research

 1. The current Saudi framework for EVs is in its early stages and is yet to be developed into a comprehensive framework.

KSA Last Mile LEV Market Forecast

In Saudi Arabia, less than 0.5% of vehicles are used as PHEVs at the moment. However, commercial EV deployment is not taking place in the kingdom. Additionally, starting 2018, Saudi authorities have let their residents to import EVs for personal usage. The establishment of an incentive, such as cost-free charging stations, reduced vehicle registration, toll exemptions, and other benefits, has not yet occurred. Saudi Arabia's EV infrastructure is still lagging behind since the government has not yet set up charging stations in public places.

2. Cost-effective, rising gas price, reduced noise pollution and better driving experience to provide multiple benefits in adoption of LEVs.

KSA Last Mile LEV Market Revenue

To Know More about this report, download a Free Sample Report

The demand for EVs is expected to rise in the near future due to rising fuel prices, such as the price of gasoline in 2021. Electric vehicles also accelerate and decelerate smoothly and quickly because an electric engine produces rapid torque, which allows them to take off from stops quickly. Additionally, the low center of gravity of EVs enhances handling, reactivity, and ride comfort. Additionally, because they are significantly quieter, electric automobiles help to reduce noise pollution. Additionally, EVs cost more to buy than ICEs do. However, the operating costs of an ICE vehicle (which require gasoline and maintenance) are higher than those of an EV.

3. Lack of transparency, large cod-based transactions, optimization and reverse logistics are pain points in current last mile delivery ecosystem.

KSA Last Mile LEV Market Share

With the exception of E-Commerce and Food Delivery, relatively few express companies in Saudi Arabia offer GPS real-time tracking as a service to customers that require complete access to real-time monitoring of their deliveries. Furthermore, in Saudi Arabia, more than 60% of customers choose COD services. The cost of COD deliveries is thought to be twice as high as that of prepaid orders due to greater rates of returns and failed delivery. In addition, last-mile delivery failures in Saudi Arabia result in low customer satisfaction and lost revenue when returns and retries of E-Commerce goods cause delays and protracted wait times. Last but not least, vehicle routing is a challenging computation of available drivers and vehicles utilizing the quickest routes to deliver customer orders within the desired time periods. Missed deliveries or slipping SLAs as a result of a routing delay or ineffective routing method can negatively impact the customer experience.

4. LEVs adoption is expected to reach 10% in the LMD Fleet by 2027F in KSA Last Mile LEV Market

KSA Last Mile LEV Market Outlook

Visit this Link Request for a custom report

Currently, LEVs do not promise a higher adoption potential attributed to both a high-cost disparity and a lack of vehicle. Small format EVs may gain momentum in the near future, given their lower fuel and maintenance costs. They are also less dependent on charging infrastructure, since their power requirements are lower, and they are more likely to come in models that allow battery swapping. Also, electric vehicles in food and grocery delivery sectors are expected to penetrate faster due to availability of hybrid models.