Startup Companies of Payment Service Market In India — Ken Research

 1. The Digital Payment Industry is flourishing with the increased demand for cashless transactions due to Covid-19.

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The India Payment Service Market is expected to grow owing to multiple factors such as the launch of new and innovative payment products and increase demand for cashless transaction due to Covid19. The pandemic has also accelerated the shift from “physical” to “virtual” banking. The Indian landscape for the payment services market has seen a period of upheaval during recent times, with newer trends being fuelled by the Covid-19 pandemic and a drastic shift in the consumer behaviour on the national and international scale.

2. Innovative payment products by the payment companies, the rising need for faster payment modes, and Government regulators are major factors in the growth in digital payments.

During the COVID-19 pandemic, cash transactions decreased at this time. However, the nation was already moving toward a cashless culture before the outbreak, and the pandemic only accelerated the trend. Due to rapid advancement in the shift to digital medium of transaction, the industry is expected to grow at an exorbitant pace. Technological advancement in the form of AI, IoT, catboats and augmented reality are changing the digital shopping experience for consumers. With greater emphasis on in-store digital payments leading to a hybrid retailing structure, consumers are trying to utilize these platforms to make their shopping experience convenient and less time consuming. Mobile-wallets were also witnessed to change the country’s digital payments landscape which in turn has increased the proportion of m-wallet bill payments.

3. UPI transactions grew at a robust CAGR  by volume and value in the past five years, from FY17 to FY22. 

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Market cap on UPI Transactions by third party players, Increase in merchant transaction limit and removal of PSP fees are the major government initiatives aims to promote payments digitally. UPI offered one of the safest payment modes for person-to-person (P2P) and P2M transfers and outstripped all other payment platforms during the pandemic. In 2022, NPCI launched UPI123Pay, allowing feature phone users to use the UPI platform via Interactive Voice Response (IVR). UPI123Pay’s launch points toward the further adoption of digital transactions in the countryside, where most citizens still do not own smartphones.

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India Payment Service Industry

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Demand of India Smart Water Management Market — Ken Research

 1. The India Smart Water Management Market has grown exponentially in the last five years.

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The India Smart Water Management Industry has grown at a CAGR of 70.9% in the last five years. Ageing water infrastructure and pressure of population growth, growing water scarcity and need for more optimal allocation, government investments and increasing awareness towards water savings are the main growth drivers for this industry. The Government of India has launched projects such as National Hydrology Project and Jal Jeevan Mission, which has been boosting the growth of the Smart Water Management Market in India.

2. Governmental Projects dominate the India Smart Water Management Industry.

Governmental projects occupy 90% of revenue share of the India Smart Water Management Market. This is because of their project sizes. All these projects are taken up by EPC companies as current smart water utility providing startups do not take governmental projects and only engage in residential and commercial projects. Companies such as Xylem, Itron, Honeywell take on specific water management projects from bigger EPC companies like L&T. For these government-commissioned projects, the revenue channel for the utility providers constitutes the margin apportioned by the EPC companies as per the supply of smart water devices and software solutions.

3. The Northern and Central regions dominate the India Smart Water Management Market.

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Northern region dominates the market for Smart Water Management in India at USD ~8.4 Bn in 2022P, closely followed by the Central region at USD ~8.2 Bn. Government projects surrounding water distribution have been majorly implemented in Northern and Central states currently, while residential projects are concentrated in southern cities like Bangalore which have already seen effective results, reducing water intake by around 20%. The Eastern region has been slower in adoption of smart water management systems, reaching only around USD 0.7 Bn of the revenues in 2022P.

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India Smart Water Management Market

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KSA is about to witness a BNPL wave which is already a USD 2 Billion reality. Explore the key trends supporting the market growth: Ken Research

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• Online mode of payment will continue to dominate the BNPL industry in KSA due to Sharia compliance which promotes digital payments when compared to offline mode.
• Covid-19 pandemic lead to substantial growth in the e-commerce industry, with 2.5 times faster than growth before the pandemic, leading to increasing online transactions in KSA.
• Increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services.

Surging Consumer base: With increasing participation from fintech companies in BNPL ground, its user base is making equally big strides. A major chunk of Saudi Arabian consumers has used BNPL payment methods such as Tamara in 2021 when compared to previous years, with more customers exploring the BNPL services. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions.

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Growing Retailers: With the diminishing Covid-19 impact, the return of the offline shopping mode is being witnessed. BNPL players are not going to let the opportunity pass by. They have already started collaborating with leading retailers to offer BNPL at physical stores at checkout points as a point-of-sale financing tool. The growing e-commerce market has pushed retailers to go for a different mode of user-friendly payment mechanisms.

Expanding Partnerships:  BNPL entities are making their mark by creating value for merchants and offering straightforward financial products to customers. BNPL giant Tamara works with global retail leaders like Adidas, IKEA, L’Occitane, as well as top regional brands like Namshi, Abyat, Faces, Niceone, and, across the GCC. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions.

Moving to easy cashless credit:  Increasing adoption of a cashless society with the emergence of digital payments fueled by surging working age class will derive the traction of the BNPL industry among the users in KSA. The increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services.

The Report “KSA Buy Now Pay Later Market Outlook to 2027- Driven by digitalization, government support as a part of Saudi vision 2030 increasing Genz & millennials population due to influx of expatriates coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research provides a comprehensive analysis of the potential Buy Now Pay Later industry in Saudi Arabia. People shifting from credit cards to BNPL as unlike credit cards, BNPL companies provide easy credit checks which are solely not based upon the CIBIL score, hence providing easy access to the services. Buy Now Pay Later Market in KSA recorded a positive CAGR on the basis of revenue generated in between 2022P and 2027E.

Key Segments Covered:-

KSA BNPL Market

By mode of payment

• Online
• Offline

By end user

• Ecommerce Giant
• Physical Retailers
• Travel and entertainment Merchants
• Food Merchants

By age group

• Below 24
• 24-36
• 36-50
• Above 50

Key Target Audience:-

• Fintech Companies
• BNPL players
• Retail merchants and chains
• Government and regulatory bodies
• New entrants in the BNPL space
• Associated or affiliated Banks with Insurance entities

Time Period Captured in the Report:-

• Historical Year: 2019-2021
• Base Year: 2022
• Forecast Period: 2023– 2027F

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Companies Covered:-

• Tabby
• Spotii
• Tamara
• Cashew
• PostPay

Key Topics Covered in the Report:-

• BNPL Industry positioning
• Socio demographic Outlook of Saudi Arabia
• Presence of Global BNPL Players
• Trends of BPNL Industry
• Market size of BPNL
• BNPL transaction process
• Key Features and developments in KSA BPNL
• SWOT Analysis of KSA BNPL
• Issues and Challenges in KSA BNPL
• Investment Analysis of players in BNPL Space
• Role of Government and regulations in KSA BNPL
• Porter’s Five force Analysis in KSA BPNL
• Future Market Size of BNPL in KSA

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KSA Buy Now Pay Later Market

Related Reports by Ken Research:-

UAE Buy Now Pay Later Industry Outlook to 2027

Malaysia Buy Now Pay Later Market Outlook to 2027F

South Africa Buy Now Pay Later Market Outlook to 2027F

Emerging Players in UAE Diabetes Care Services Market — Ken Research

 UAE Diabetes Care Services Market Ecosystem

UAE Diabetes Care Services Market is Highly Fragmented with three major players acquiring more than half of the total market share as there are only a few specialized diabetes clinics or hospitals in the country. UAE Diabetes Care Services Market is expected to grow at a CAGR of 6.1% by FY’27F owing to increasing diabetes cases and Government initiatives to improve the economy. The major players in the UAE Diabetes Care Services market are Imperial College London Diabetes Centre, Glucare Health, Mediclinic Middle East, etc.

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• UAE Diabetes Clinics Market is anticipated to witness significant growth due to the improvements in existing services along with introduction of new improved technologies and increased privatization of health care sector.
• Rising health consciousness among the population, along with increased spending on health, is expected to contribute to the market growth over the forecast period.
• Major services provided by UAE Diabetes Health Care players are Endocrinology, antenatal/gestational and juvenile diabetes care, nutritional advice, and radiology.

Favourable Government Initiatives: The UAE’s Vision 2030 strategy aims to reduce the prevalence of life style diseases such as obesity and diabetes among the population and to invest in world class health infrastructure facilities in UAE, for instance UAE government has allocated AED ~5 Bn to healthcare and community protection in the federal budget for 2022-2026 which will help in developing a tech-enabled healthcare ecosystem for diabetes care. The Abu Dhabi and Dubai are among the most affluent regions in terms of infrastructure and spending capacity. Therefore, they are the major hub of private hospitals and clinics. Furthermore, many government healthcare policies like Dubai Medical Insurance Law, which is mandated by DHA, provides a coverage of AED ~ per person per annum which results more frequently visits to diabetes clinic than those in other regions. Other policies like the 'Thiqa' programme, in which the Abu Dhabi Government provides full medical coverage, the “Saada” is a health insurance programme for the citizens in the emirate of Dubai. It provides insurance coverage to citizens who do not currently benefit from any government health programme in the emirate of Dubai etc is likely to fuel the growth in the diabetes care services market in UAE.

Increase in Diabetes patients: With the growing unhealthy lifestyle patterns of the people, the number of diabetes patients is increasing in the UAE, thus increasing the demand for specialized tertiary care services in UAE. Furthermore, many government initiatives like Diabetes Screening Initiative launched in 2021 has addressed the critical areas of diabetes management and has also led to an influx of many patients in the hospitals for health care services.

Rising Technological Advancement: Technological Advancement like Emergence of digital therapeutics by UAE diabetes clinics such as Glucare helps in constant monitoring of patient symptoms and lifestyle. Telemedicine facilities which are provided by Sheba clinic, Glucare, Northwest clinic, etc are also more efficient and also reduces the cost. Furthermore, New insulin pumps, infusion devices, continuous glucose monitors (CGM) and smartphone apps are also expected to contribute in the growth of Diabetes care services market in UAE.

Analysts at Ken Research in their latest publication “UAE Diabetes Care Service Market Outlook to 2027F - Driven by Rising Diabetes Cases and Increasing Privatization in the Healthcare sector” by Ken Research observed that UAE Diabetes Care Services market is in the growing phase, growing at CAGR of 5.9% between FY’17-FY’22P owning to the favorable government Initiatives, increase in diabetes patient and rising technological advancement. It is expected that UAE Diabetes Care Services market will continue to grow, at a CAGR of 6.1% for the FY’22P- FY’27F forecasted period.

Key Segments Covered

UAE Diabetes Care Services Market:

• By Types of Services, FY’2022P & FY’2027F:
• Injectables
• Oral Drugs
• Combination
• Lifestyle Changes
• By Type of Requirement, FY’2022P & FY’2027F:
• Tertiary Care
• Secondary Care
• Primary Care
• By Revenue Division, FY’2022P & FY’2027F:
• Domestic
• International
• By End-User, FY’2022p & FY’2027F:
• Diabetes Clinics
• Hospitals
• By Diabetes Clinics, FY’2022P & FY’2027F:
• Organized
• Unorganized

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Key Target Audience

• Hospitals
• Diabetic Care Service Provider
• Diabetic Care Equipment Distributer
• Diabetic Care Equipment Manufacturer
• Clinics
• Market Research and Consulting Firms
• Healthcare Companies
• Pharmaceutical Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities
• New Entrants

Time Period Captured in the Report:

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

Companies Covered:

• Imperial College London Diabetes Centre
• Glucare Health
• Mediclinic Middle East
• Cleveland Clinic
• NMC Healthcare

Key Topics Covered in the Report:

• Executive Summary of UAE Diabetes Care Services Market
• Market Size of UAE Diabetes Care Services Market
• Market Segmentation of UAE Diabetes Care Services Market
• SWOT Analysis of UAE Diabetes Care Services Market
• Trends and Developments in UAE Diabetes Care Services Market
• Factors considered by Hospitals and clinics for Treatment
• Regulatory Bodies of UAE Diabetes Care Services Market
• Overview of Emirates Diabetes Endocrine Society
• Challenges and restrains in UAE Diabetes Care Services Market
• End User Analysis of UAE Diabetes Care Services Market
• Competitive Analysis of UAE Diabetes Care Services Market (Inception, USP, Insurance Partner, No of Clinics, Clinics by region, est. revenue, no of doctors, no of employees, no of walk-in per day per clinic, major treatment offered)
• Future Outlook of UAE Diabetes Care Services Market
• Covid Analysis of UAE Diabetes Care Services Market
• Analyst Recommendations

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UAE Diabetes Care Services Market

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Future Outlook of Indonesia Corporate Training Market: Ken Research

Focus on investment on digitalization, favorable Government Policies and technological developments are major factor contributing towards development of Corporate Training Market in Indonesia

Economic Growth: The Indonesian economy has been growing at a steady pace, and this has been a significant driver of growth in the Indonesian corporate training market. Economic growth has led to an increase in demand for skilled workers, which in turn, has increased the need for corporate training program. According to data from World Bank, Indonesia’s GDP has been growing at an average rate of over 5-6% over the past few years, which is higher than the average growth rate in Southeast Asia. This grow has led to an increase in the number of businesses and job opportunity, which has further boosted the corporate training market in Indonesia.

Rising Awareness of the Benefits of Corporate Training: Companies are becoming increasingly aware of the benefits of investing in employee training, such as improved job performance, increased productivity and higher job satisfaction. For example, research has shown that employees who receive training are more likely to perform their job better and have higher levels of job satisfaction. According to a survey conducted by American Society for training and Development, company that invest in employee training experience a 24% increase in profit margin compared to companies that do not invest in training.

Demographic Changes:   One of the key drivers in Indonesia Corporate training market is the increasing number of young people entering the workforce. According to the data from the World Bank, Indonesia has a young and rapidly growing workforce, with over 60% of the population under the age of 35. This has created a demand for training programs to equip young workers with the skills they need to succeed on the modern workplace. In addition, the increasing level of education among young people has also contributed to the growth of the Indonesian corporate training market, as more young people complete their education and enter the workforce. People are seeking opportunities to develop their skills and careers, and companies are investing in training program to meet the growing demand.

Analysts at Ken Research in their latest publication “Indonesia Corporate Training Market Outlook to 2027F- Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by designation of employee (managerial, non-managerial and integrated), by mode of learning (instructor led classroom only, blended learning, virtual classroom, online or computer-based methods and mobile and social learning” observed that Corporate Training Market in Indonesia is at growing stage. The AI based learning, cost-effective e-learning training, mobile-based training and the emergence of IoT along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

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Key Segments Covered in the report:

Indonesia Corporate Training Market

By Industry Verticals

• IT/ITES
• Telecom
• BFSI
• FMCG/Retail
• Automobile
• Manufacturing
• Healthcare

By Types Of Training Services

• Technical
• Leadership
• Managerial
• Sales
• Customer Management
• Quality Training
• Technical Training
• Soft Skills
• Brand Training

By Deployment

• On-Site
• Off-Site

By Designation Of Employee

• Managerial
• Non-Managerial
• Integrated

By Mode Of Learning

• Instructor Led Classroom Only
• Blended Learning
• Virtual Classroom
• Online or Computer Based Methods
• Mobile and Social Learning

Key Target Audience:

• Corporate Training Companies
• Ed-tech Companies
• Self-Based Learning Platforms Companies
• Freelance Trainers
• Industry/Corporate Coach
• Contractual Professional Trainers
• Industry Veterans
• IT Solutions and Support Companies
• Top UG/PG Private Universities
• Retired Experienced Faculties

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Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2022
• Forecast Period: 2023-2027F

Companies Covered:

• Cognitel
• Maverick
• Dale Carnegie Training
• Deloitte Academy
• Briktru
• PwC Academy

Key Topics Covered in the Report:

• Indonesia Corporate Training Market Overview
• Supply Scenario & Decision-Making Parameters
• Business and Investment Models Indonesia Corporate Training Market
• Indonesia Corporate Training Market Size
• Indonesia Corporate Training Market Segmentation
• SWOT Analysis and Issues of Indonesia Corporate Training Market
• Porters Five Forces Analysis and Growth Driver in Indonesia Corporate Training Market
• Competition Landscape in Indonesia Corporate Training Market
• Analyst Recommendations

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

Indonesia Corporate Training Market

Related Reports by Ken Research: –

India Corporate Training Market Outlook to 2027

India Executive Education Market Outlook to FY’2027

Global Corporate Training, Lifelong Learning and Credentialing Market

Revenue from the Australia Bags & Luggage market is expected to be ~ Mn in 2027F owing to increase in fast fashion & rising urbanization levels: Ken Research

The Australia Bags & Luggage market is moderately fragmented with major global players occupying almost half of the market. The key players operating in the market are competing on the basis of quality of product, product cost & estimated revenue. The major companies dominating the Australia Bags & Luggage market for its products, services, and continuous product developments are Gucci, Australian Tourister, Mimco, Brie Leon, Oroton, July, Antler among others.

• A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand.
• The growing convenience of 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.

Driven by Travel & Tourism: An uptick in education & travel opportunities abroad and increasing travel and tourism contribute to escalating luggage demand. Also, technological advancements have made them more efficient, improving the attributes of luggage products. It is estimated that the luggage market will witness a demand for luggage-related products as a result of changing lifestyles in various developing countries. The post-pandemic situation is gradually improving, consumer spending patterns have strengthened, and the market is expected to regain its potential as the economy recovers from the pandemic disruptions.

Urbanization: It is expected that demand for luggage-related products will increase due to an increase in urbanization and an increase in customer preference for high-end luggage that comes with technological advancements like GPS trackers, USB ports that allow recharging cell phone batteries, and Bluetooth-enabled locks. The concept of smart luggage is also characterized by improved safety standards and enhanced applications, as well as enhanced connectivity, enabling customers to track and secure their luggage while traveling. These factors are projected to boost demand for luggage-related products, thus escalating the growth of the Australia luggage market.

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.

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Key Segments Covered

By Product Type

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

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

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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

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

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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.

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

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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

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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

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.

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.

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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

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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

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1. Increasing Automotive Demand and a Growing Number of Automotive OEMs Driving the 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

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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%

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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

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.

Key Segments Covered

By Product Type

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

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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

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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

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India Luggage and Bags Market Outlook to 2025

Philippines Luggage and Bags Market Outlook to 2023

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