Tuesday, March 28, 2023

Future Outlook of Italy Car Rental Market: Ken Research

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Italy Car Rental Market by market structure

The Italy Car Rental market is segmented by market structure into organized and unorganized market structure. Most tourists prefer the organized sector as they look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Competition Scenario in Italy Car Rental Market

Italy Car Rental Market is at a growing stage. The country has over ~ Market Players in Car Renting. Italy Car rental market is dominated by major players such as Europcar, Avis, Hertz, Rentalcars.com, Easycar.com, and many others Italy’s Car Rental Market is in the Growing stage owing to rising internet connectivity and smartphones penetration along with rising tourism.

What is the Expected Future Outlook for the Overall Italy Car Rental Market Across the globe?

The Italy Car Rental market was valued at EUR ~billion in 2022 and is anticipated to reach EUR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future. The Italy Car Rental market is driven by rising tourism, growing internet connectivity. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Also, owing to the increasing demand from tourists for business and leisure purposes hiring rental cars along with the Italy government’s decision to increase the tax-free travel allowance. The growing penetration rate of the internet and smartphones are driving more people to rent a car as the services are mainly provided through online platforms.

The rise in domestic and international tourism across the country is likely to witness major growth in the market. In 2021, domestic expenditure accounts for around ~% of total tourism spending. The contribution of travel and tourism spending is the key factor toward the Italian GDP. Such an increase in travel and tourism sectors across the country is witnessing major demand for car rental services, which in turn witnessing major growth for the market.

Along with rising internet penetration across the country and increase in use of smart phone application for online car rental booking is likely to witness significant growth for the market. For instance, in 2021, the number of active internet user in Italy counted more than ~ million, such increase in use of internet will help to boost the market.

Key Segments Covered in the report: –

Italy car Rental Market

By Market Structure

Organized market

Unorganized market

By Type of Vehicles

Small Cars/ Hatchbacks

Sedans

SUVs

Others

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By Mode of Booking

Online

Offline

By Application

Business

leisure

By Fuel Type

Diesel

Petrol

Electric

Key Target Audience

Car Rental Service Providers

Car Rental Companies aiming to establish in the Italy

Italy Automotive Industries

Government Bodies & Regulating Authorities

Venture Capitalist targeting the car rental market

Automotive industry association

Car Manufacturers

Existing Car Rental Companies

OEM Dealerships

New Market Entrants

Investors

Car Rental Associations

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Time Period Captured in the Report

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2022P-2027F

Companies Covered:

Thrifty

Avis

National

Hertz

Alamo

Dollar

Britz

Key Topics Covered in the Report

Executive Summary

Country Overview of the Italy

Overview of Automotive Industry in Italy

Ecosystem and business cycle of Italy Car Rental Market

Value Chain Analysis of Italy Car Rental Market

Italy Car Rental Market Sizing, 2017- 2022P

Market Segmentations of Car Rental Market in Italy

Snapshots on different Car Rental Markets in Italy

SWOT Analysis of Italy Car Rental Market

Growth Drivers of Italy Car Rental Market

Government regulations of Italy Car Rental Market

Trends and Developments of Italy Car Rental Market

Challenges of Italy Car Rental Market

End User Analysis of Car Rental Market in Italy

Competitive Analysis of Car Rental Market in Italy

Future Outlook and Projections of Car Rental Market in Italy

Analyst Recommendations

Research Methodology

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

Future Outlook of Italy Car Rental Market

Related Reports by Ken Research: –

Netherlands Car Rental Market Outlook to 2027F

Indonesia Car Rental Market Outlook to 2027F

Monday, March 27, 2023

Indonesia Car Rental Market Outlook to 2027F: Ken Research

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What Is the Size of Indonesia Car Rental Industry?

Indonesia’s Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach $ ~ Bn by 2027F. The Indonesia Car Rental Market is largely driven by the expansion of the tourism industry with rising foreign tourists in Indonesia and on-demand for transportation, the rising internet population in the country, and increasing demand from customers along with government incentives for electric vehicles.

But, the rapid spread of coronavirus across the country and enforced lockdown in country have had a negative impact on the car rental market. Manufacturers operating in the car rental market are recovering from the losses caused due to disturbed services due to halt on transportation activities and travel restrictions. Following the successful recovery of enterprises, automobile rental industry producers are establishing their position in the market. To meet increased consumer demand, major participants in the automobile rental sector are investing and extending their offerings. Also, the rise in consumer disposable income, combined with the influence of a high standard of living and increased spending on luxury travel, is propelling the Indonesian car rental industry.

Indonesia Car rental Market by Market Structure

The Indonesia Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Indonesia Car rental Market by Type of Vehicles

The Indonesia Car Rental market is segmented by type of vehicles into Small Cars/ Hatchbacks, sedans, SUVs, and others. The demand for economy cars has been steadily growing in the country on account of improving employment opportunities, leading to the growing individual’s ability to spend.

Indonesia Car rental Market by ICE/EV

The Indonesia Car Rental market is segmented by ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are a new concept and they are expensive also.

Indonesia Car rental Market by Cities

The Indonesia Car Rental market is segmented by cities into Jakarta, Surabaya, Bali, Yogyakarta, and others. with Jakarta being one of the top convention destinations, hence, car rental services offer great market potential in the forecast period.

Indonesia Car rental Market by mode of booking

The Indonesia Car Rental market is segmented by mode of booking into online and offline. With the growing trend of cashless online payments worldwide, Indonesia lacks a cashless mode of payment. Hence, the market growth of the offline mode of booking holds a significant share followed by the online mode of booking.

Indonesia Car rental Market by Client

The Indonesia Car Rental market is segmented by the client into business and leisure. Leisure trips are projected to hold a significant market share with the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.

Indonesia Car rental Market by Pick-Up

The Indonesia Car Rental market is segmented by pick-up into on-airport and off-airport. On-airport holds the market share in Indonesia’s Car Rental Market as people wants to get picked from the airport.

Indonesia-Car-Rental-Industry-Share

Key Segments Covered: –

Indonesia Car Rental Market:

By Market Structure

Organized market

Unorganized market

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By Type of Vehicles

Small Cars/ Hatchbacks

Sedans

SUVs

Others

By ICE/EV

ICE (Internal Combustion Engine

Electric Vehicles

By Cities

Jakarta

Surabaya

Bali

Yogyakarta

Others

By Mode of Booking

Online

Offline

By Client

Business

Leisure

By Pick-up

Off-Airport

On-Airport

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Key Target Audience

Car Rental Service Providers

Car Rental Companies aiming to establish in Indonesia

Indonesia’s automotive industries

Government Bodies & Regulating Authorities

Venture Capitalist targeting the car rental market

Automotive industry association

Car Manufacturers

Existing Car Rental Companies

OEM Dealerships

New Market Entrants

Investors

Car Rental Associations

Time Period Captured in the Report

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

Companies Covered

Car Rental Company

The Hertz Corporation

Blue Bird Group

TRAC

Mitra Pinasthika Mustika Rent

Adi Sarana Armada Tbk

Avis

Europcar Indonesia

Globe Rent a Car

Key Topics Covered in the Report

Overview, Operating Models and Company Profile of the Automotive Industry in the Indonesia, 2022

Overview and Genesis of Car Rental Market in Indonesia, 2022

Ecosystem of Indonesia Car Rental Market

Business Cycle, Timeline, and Value Chain Analysis of Car Rental Market in Indonesia

Indonesia Car Rental Market Sizing, 2017- 2022P

Market Segmentations of Car Rental Market in Indonesia (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by cities), 2022

Indonesia E-Commerce Warehousing Overview, 2021

SWOT Analysis of Indonesia Car Rental Market

Growth Drivers of Indonesia Car Rental Market

Government regulations of Indonesia Car Rental Market

Government Incentives and Policies on Electrification in Indonesia

Trends and Developments of Indonesia Car Rental Market

Challenges of Indonesia Car Rental Market

Competitive Analysis of Car Rental Market in Indonesia

End User Analysis of Car Rental Market in Indonesia

Future Outlook and Projections of Car Rental Market in Indonesia, 2022-2027F

Market Opportunities and Analyst Recommendations

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

Future Outlook of Indonesia Car Rental Market

Related Reports by Ken Research: –

Netherlands Car Rental Market Outlook to 2027F

Saudi Arabia Car Rental and Leasing Market Outlook to 2023

South Africa Car Rental and Leasing Market Projections to 2023

Italy Car Rental Market Outlook to 2027F: Ken Research

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What Is the Size of Italy Car Rental Industry?

Italy Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The Italy Car Rental Market is largely driven by smartphones users’ penetration, rising tourism and government initiatives. Also, growing Demand for On-Demand Transportation Services to drive market growth increasing vehicle costs, shrinking parking lots, and high auto maintenance costs encourage people to use on-demand transportation services for trips and everyday commuting. As a result, the industry has grown due to consumers' increased preference for on-demand transportation. Furthermore, the rising number of international tourists is the main growth driver for the expansion of the car rental market in the country raising the standard of booking and leading to robust revenue generation.

Furthermore, the COVID-19 has disrupted car rental growth across the country. The strict travel restrictions and quarantine rules across the country have adversely affected the car rental market. The car rental market registered around ~% lower revenue in 2020 as compared to 2019. However, the market is displaying a decent recovery post-severe COVID-19 pandemic outbreaks as the market revenue is surging by around ~% in 2021 as compared to 2020.

Italy Car Rental Market by type of vehicles

The Italy Car Rental market is segmented by type of vehicles into small cars/hatchbacks, Sedans, SUVs and others. The most popular car models in the market are VW, Mercedes, Opel, VW Up, Toyota Aygo, Polo, Opel Corsa, VW Golf, and Opel Astra. Small Car/ Hatchback has the highest market share among other types of vehicles in the country.

Italy Car Rental Market by Fuel type

The Italy Car Rental market is segmented by fuel type into petrol, diesel and electric. People usually prefer petrol-based car as they don’t want to wait for charging their cars.

Italy Car Rental Market by Mode of Booking

The Italy Car Rental market is segmented by mode of booking into online and offline. Online booking dominates the Italy car rental market in terms of revenue in 2021 and is registers a significant growth in terms of revenue during the forecast period. The rise in the use of internet and mobile phone applications across the country is likely to enhance the use of online booking platforms.

Italy Car Rental Market by application

The Italy Car Rental market is segmented by application into business and leisure. Leisure trips are projected to hold a significant market share with the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.

Italy Car Rental Industry

Key Segments Covered in the report: –

Italy car Rental Market

By Market Structure

Organized market

Unorganized market

By Type of Vehicles

Small Cars/ Hatchbacks

Sedans

SUVs

Others

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By Mode of Booking

Online

Offline

By Application

Business

leisure

By Fuel Type

Diesel

Petrol

Electric

Key Target Audience

Car Rental Service Providers

Car Rental Companies aiming to establish in the Italy

Italy Automotive Industries

Government Bodies & Regulating Authorities

Venture Capitalist targeting the car rental market

Automotive industry association

Car Manufacturers

Existing Car Rental Companies

OEM Dealerships

New Market Entrants

Investors

Car Rental Associations

Request For customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjE3

Time Period Captured in the Report

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2022P-2027F

Companies Covered:

Thrifty

Avis

National

Hertz

Alamo

Dollar

Britz

Key Topics Covered in the Report

Executive Summary

Country Overview of the Italy

Overview of Automotive Industry in Italy

Ecosystem and business cycle of Italy Car Rental Market

Value Chain Analysis of Italy Car Rental Market

Italy Car Rental Market Sizing, 2017- 2022P

Market Segmentations of Car Rental Market in Italy

Snapshots on different Car Rental Markets in Italy

SWOT Analysis of Italy Car Rental Market

Growth Drivers of Italy Car Rental Market

Government regulations of Italy Car Rental Market

Trends and Developments of Italy Car Rental Market

Challenges of Italy Car Rental Market

End User Analysis of Car Rental Market in Italy

Competitive Analysis of Car Rental Market in Italy

Future Outlook and Projections of Car Rental Market in Italy

Analyst Recommendations

Research Methodology

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

Future Outlook of Italy Car Rental Market

Related Reports by Ken Research: –

Netherlands Car Rental Market Outlook to 2027F

Indonesia Car Rental Market Outlook to 2027F

Malaysia Construction Chemicals Market is expected to grow at a CAGR of ~5% during the forecasted period 2022-2027F: Ken Research

 1. Malaysia Construction Chemical market has seen fluctuations in the growth due to the factors such as Political Instability, COVID Impact, Inflation Rate and competitive trends in the country.

Malaysia Construction Chemicals Market

Malaysia construction chemical market was largely affected by COVID impact in 2020. Due to COVID-19, the government had imposed the Movement Control Order (MCO) started 18 March 2020 and had extended until 31 December 2020. Companies were facing a shortage of skilled workers, mostly foreign workers. Many foreign workers were going back to their country. Moreover, there have been other factors at play that have hindered the industry progress. Political Instability and Inflation rate has also affected the market as it has acted as a major obstacle in the infrastructural growth in the country.

2. Organized market contributes ~65% of the overall market with the large number of international players operating in the country.

Malaysia Construction Chemicals Market Forecast

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The Malaysia Construction Chemicals Market has been divided into organised & unorganised sector both of which contribute 35.9% & 64.1% respectively. The organised sector is facing consolidation with large and leading players coming together to sustain competition from unorganized players. Merger and Acquisitions has been the major trend among the leading players while unorganized players have been greatly impacted by the COVID impact. Many players had to stop their operations. Due to the presence of multiple players the market has experienced “price sensitivity” of the product.

3. Construction Chemical Market in Malaysia is expected to rise in the west Malaysia owing to the industrial segment especially for Concrete Admixtures, Adhesives and Sealants

Malaysia Construction Chemicals Market Analysis

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Malaysia construction market is expected to grow at CAGR of ~5-6% (2022-2027). High investment by both domestic and international players in the construction segment is expected to bring high opportunity for construction chemical players to grow in the upcoming years. The Market is expected to register growth driven technological innovations. The government is working with a vision to develop industry to an advanced and modern level and making this sector as one of the high contributor of the economic development in the nation & multiple international & domestic companies is expected to introduce new technology in the market. Substantial portion of investment is expected to be directed toward infrastructure initiatives funded by the government which will require smart planning and execution. Moreover, major construction projects, including the revival of MRT3 and others as part of China's Belt and Road Initiative, are expected to boost investment and spending in the sector. Furthermore, In June 2022, Mass Rapid Transit Corporation Sdn Bhd initiated the open tender process for MRT3 Circle Line's four major contract packages. This project is expected to transform the construction industry in Malaysia.

USA Logistics Industry is expected to reach ~ USD 1.5 Trillion in Revenue by 2026F: Ken Research

 USA Logistics Market is at a growing stage, being driven by the growing demand for warehouse and rising internet penetration rate. USA logistics market is a highly fragmented market having more than 21000+ players in the market, some of the major Logistic companies in the USA are Ups, FedEx, Aeronet, TQL, etc.

  • E-Commerce market is a booming sector in USA. The number of internet users has increased and with a penetration rate of more than 89.4%, USA will see a tremendous growth in e-commerce platforms and Facebook online shopping channels in the coming years.
  • Digital freight platforms allow truckers and shippers to complete the key steps of transactions online, and monetize through commission as well as other value-added services, expected to grow at a faster rate in future.

Demand for Warehousing: Warehousing growth remained strong in 2020 in spite of COVID situation but the impact has been minimal on companies in logistic space in USA. Net absorption remained stable comparatively with stable asking rents to $6.76 per square foot. E-commerce spurred continued high demand for warehousing space. The pandemic shifted many consumers to online shopping, which boosted needs for warehouse space. Providers, especially of urban last-mile facilities, hurried to keep pace. This effect then outlasted the spring 2020 restrictions placed on physical retail stores.

Freight Logistics Optimization Works (FLOW): The White House recently launched a plan that intends to ease the supply chain bottlenecks in the country. This new initiative primarily hinges on data sharing by all the stakeholders in the supply chain industry. This new project called FLOW (Freight Logistics Optimization Works) is a data-sharing drive that seeks to connect all the stakeholders in the transportation and logistics sector. This includes port authorities, logistics companies, shippers, truckers, manufacturers, retailers and other businesses. This is expected to organize the Sector in future.

Trucking Action Plan: The US Department of Transport launched a Trucking Action Plan to both recruit more truck drivers and improve the quality of existing jobs to tackle the profession’s persistently low retention rate. This work includes partnering with the Department of Labor on registered apprenticeship programs, a pilot program for truck drivers between the ages of 18-21 that incorporates registered apprenticeships to ensure safety through rigorous training standards, driver compensation studies, a driver leasing task force, and more.

Technological Advancements: Companies are expected to innovate in every facet of the end-to-end journey in the Supply Chain making use of Big Data, Machine learning, Artificial Intelligence, ASRS technology and more to provide the clients with tailor-made solutions and satisfactory services at competitive rates to stay and survive in the market.

The report titled USA Logistics Industry Outlook to 2026F: Driven by Infrastructural Investments and Government Support in USAby Ken Research suggests that the logistics market is further expected to grow in the near future as there is an increase in infrastructure investments and government support to make USA a Logistics hub. The government has established a Policy of Trade which will upgrade the capacities of international logistic enterprises & improve transport infrastructure. USA has large opportunities to grow through enhancement of industrialization, necessary infrastructure and a well-established logistics system. The market is expected to register a positive CAGR ~6.8% in terms of revenue during the forecast period 2021-2026.

USA Logistics Industry

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Key Segments Covered in USA Logistics Industry:-

USA Logistics Market

  • Freight Forwarding
  • CEP
  • Warehousing

USA Freight Forwarding Market (Volume by Mode of Freight, Revenue, Price per ton per km, Average Distance Travelled)

On the Basis of End-User, 2021 & 2026F

  • Food and Beverage
  • Industrial & Construction
  • Retail, Automotive and Engineering
  • Others

On the Basis of Domestic/International, 2021 & 2026F

  • Domestic
  • International

On the Basis of Mode of Revenue, 2021 & 2026F

  • Sea
  • Road
  • Air
  • Rail

USA Warehousing Market (Total Area, Revenue, Average Occupancy Rate, Price per sqm per month)

On the Basis of Type of Warehouse, 2021 & 2026F

  • Tech/ Non-Tech
  • Organized/ Unorganized
  • Racked/ Unracked

On the Basis of Business Model, 2021 & 2026F

  • Industrial/ Retail Warehouses
  • Container Freight/ ICDs
  • Cold Storage

On the Basis of Type of Area, 2021 & 2026F

  • Open
  • Closed

On the Basis of End-User, 2021 & 2026F

  • Food and Beverage
  • Industrial & Construction
  • Retail
  • Automotive & Engineering
  • Pharma
  • Others
  • Market Segmentation on the basis of Type by regions by warehousing space, 2021 and 2026F

USA CEP Market (number of shipments, Revenue, Average E-Commerce Logistics cost)

On the Basis of Type of Domestic/International, 2021 & 2026F

  • Domestic
  • International Shipments

On the Basis of Type of Business Model, 2021 & 2026F

  • B2B
  • B2C
  • C2C

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On the Basis of Type of shipment, 2021 & 2026F

  • Same Day
  • Next Day
  • 2 Days
  • More than 2 Days

Key Target Audience

  • Freight Forwarding Companies
  • Warehousing Companies
  • Express Delivery Companies
  • Investors/ Real Estate Developers
  • Government Entities
  • New Market Entrants
  • Logistics Companies
  • E-commerce Industry Players

Time Period Captured in the Report:-

  • Historical Period: 2016-2021
  • Base Year: 2021
  • Forecast Period: 2022-2026

Logistics Companies in USA

Freight and Warehousing Players

  • Hub Group
  • Cosco Shipping Inc.
  • Aeronet Worldwide Inc.
  • H. Robinson Worldwide Inc.
  • UPS Supply Chain
  • Expeditors International
  • Penske Logistics
  • XPO Logistics
  • Total Quality Logistics
  • FedEx Freight
  • B. Hunt Transport Services
  • Knight-Swift Transportation
  • Forward Air Corporation
  • Landstar System
  • Schneider National
  • Werner Enterprises
  • S. Xpress Enterprises
  • Saia
  • Averitt Express
  • DHL Supply Chain
  • Ryder Supply chain Solutions
  • Dayton Freight Lines Inc.
  • Kuehne + Nagel
  • Daseke, Inc.
  • Ceva Logistics
  • Crane Wordlwide Logistics
  • FedEx Logistics
  • Trinity Logistics USA
  • BDP International
  • Apex Logistics
  • Nippon Express
  • The Port Authority of New York & New Jersey
  • American Commercial Lines Inc
  • Evergreen Line
  • Kirby Corporation
  • Mallory Alexander International Logistics
  • Odyssey Logistics
  • SSA Marine Inc
  • Maersk
  • CSX Freight Logistics
  • Norfolk Southern Corporation
  • Union Pacific Corporation
  • Kansas City Southern
  • BNSF Railway
  • Ryder Supply Chain Solutions
  • Geodis (North America)
  • NFI
  • Americold Logistics
  • Kenco Logistics Services
  • Neovia Logistics

CEP Players

  • XPO Logistics
  • Amazon
  • United Postal Services (UPS)
  • DHL Express
  • B. Hunt Transport Services
  • FedEx Express
  • TFI International
  • LaserShip Inc
  • Pace
  • United States Postal Services

Key Topics Covered in the Report:-

  • Country Overview
  • Import and Export Scenario in USA
  • Overview of USA’s Logistics Infrastructure
  • Logistics Infrastructure in USA: Airports, Seaports, Rail Network and Road Network,
  • Trends and Developments in Logistics Industry in USA
  • SWOT Analysis in Logistics Industry in USA
  • Government Initiatives in the USA Logistics Industry
  • Issues & Challenges in USA Logistics Market
  • Ecosystem of Major Entities in USA Logistics market
  • Freight Aggregator Market Along with Business Models
  • Technological Innovations in Warehousing Industry
  • USA Logistics Current and Future Market Size on the basis of Revenue
  • USA Logistics Current and Future Market Segmentations
  • Scenario of E-Commerce in USA
  • Competition Landscape in Freight Warehousing & CEP Market in USA

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

USA Logistics Industry

Related Reports By Ken Research:-

Philippines Logistics Industry Outlook to 2027F

Malaysia Logistics Market Outlook to 2027F

Netherlands Logistics Market Outlook to 2027F

Pakistan Logistics Market Outlook to 2027F

Future Outlook of India Point of Care Testing Devices Market: Ken Research

India’s POCT Market is in the growing stage, being driven by rising investments in healthcare infrastructure and technological advancements. Major players in the market are Abbot India, Roche Diagnostics, and Siemens Healthineers.

India Point of Care Testing Devices Market

Key Market Findings:

  • India has the second-highest diabetic population in the world with 77 million people diagnosed with diabetes.
  • Blood Glucose Testing kits are popular due to the continuous need to regularly monitor glucose levels in the blood.
  • India is one of the most affordable countries for expensive medical treatments. It is estimated that the cost of treatment in India is only about 10% - 20% of what similar treatments cost in the West and other countries.

Increasing awareness of personal health: The adoption of POCT in the nation has been made easier by the increased awareness of the treatment among medical professionals. It is also anticipated that the clinical research industry would open up new market prospects. Growing rates of chronic diseases including diabetes, cancer, and cardiovascular conditions will be significant contributors to POCT growth in India. Growing demand for personal health monitoring, home-based POCT adoption, and personalized medicine, which allows for more accurate illness diagnosis and treatment, will all be contributing to the growth of this market.

Promotion of Technology in Health Care: In India, the prevalence of chronic diseases like diabetes, hypertension, and obesity will increase. These conditions call for prompt diagnosis and treatment, which can be accomplished with the aid of POCT equipment. To encourage the use of technology in healthcare, the Indian government has also established the National Programme for Promotion of Technology in Health Care (NPPTHC). India has a sizable pool of IT specialists, which could be useful for creating cutting-edge POCT products in near future.

Automation and Diversification of Devices: Over the past five years, mobile labs have grown in popularity in India because they offer a convenient, affordable testing approach. Medical professionals can perform tests without a physical lab's assistance thanks to mobile labs. For monitoring the sugar level via a mobile application, devices like the G-5 mobile continuous Glucose Monitoring System (licensed by the FDA) and Guardian Connect have begun to be used. Self-tracking tools like wearable wristbands with cloud storage, sleep trackers, blood pressure monitors, and finger stick blood tests are also becoming more popular.

Analysts at Ken Research in their latest publication India Point of Care Testing Devices Market Outlook to 2027F- Driven by the increasing incidence of chronic diseases, rising awareness of rapid diagnosis in India” observed that the India POCT Market is in a growing phase. Increasing awareness of the advantages of POCT, increasing use of smartphones and telemedicine, and growing healthcare infrastructure are some of the factors that will contribute to the India POCT Market over the period of 2022-2027F. It is expected that India’s POCT Market will grow at a CAGR of 17.3% for the above-forecasted period.

India Point of Care Testing Devices Industry

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Key Segments Covered in the report

India POCT Market

Based on Devices

  • Blood Glucose Testing Kits
  • Cardio metabolic Monitoring
  • Infectious Disease Testing Kits
  • Blood Gas Electrolytes
  • Hormonal Testing Kits
  • Pregnancy Testing Kits
  • Coagulation Test
  • Others (Urinalysis Testing Kits, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Lipids, Tumor/Cancer Markers etc.)

Based on end-user

  • Hospital
  • Consumers/individuals
  • Diagnostic labs
  • Clinics
  • Home Healthcare
  • Others

By Type of Device

  • Consumables (cartridges, test strips etc.)
  • Instruments (Main Device)

By Mode of production

  • Import
  • Domestic Production

By Region of Sales

  • Tier-1
  • Tier-2
  • Tier-3

By Distribution Channel

  • Through Distributors to end users
  • Through Distributors to retailers
  • Directly

Key Target Audience

  • Point of Care Companies
  • Hospitals & Clinics
  • Government organizations
  • Medical Devices and Equipment companies
  • Home Healthcare Companies

Time Period Captured in the Report:

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

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Companies Covered:

  • Abbott India Limited
  • Roche Diagnostics
  • Siemens Healthcare Private Limited
  • SD Biosensors
  • Beckman Coulter India Pvt. Ltd.
  • J Mitra & Co. Pvt. Ltd.
  • Trans Asia Biomedical
  • Bio Rad Laboratories
  • DiaSys India
  • EKF Diagnostic
  • Triviton Healthcare Private Limited
  • Becton Dickinson India Private Limited
  • India Medtronic Private Limited
  • Molbio

Key Topics Covered in the Report

  • Healthcare Industry Overview in India
  • Market Overview and Genesis of India POCT Market
  • The ecosystem of India POCT devices Market
  • Business Cycle and Value Chain Analysis of India POCT Market
  • Timeline of Major Players in India POCT Market
  • Market Sizing of India POCT Market, FY’2017-FY’2022
  • Market Segmentation of India POCT Market
  • Growth drivers of India POCT Market
  • Issues and Challenges in India POCT Market
  • Regulatory Framework of India POCT Market
  • Trends and Developments in India POCT Market
  • End User Analysis of India POCT Market
  • Competition Framework of India POCT Market
  • Future Outlook and Projections of India POCT Market, 2027F
  • Market Opportunity and Analyst Recommendations

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

India Point of Care Testing Devices Market

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Europe POCT Devices Market Outlook to 2022

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Future Outlook of UAE Cold Chain Market: Ken Research

 Key Findings

  • Cold storage and cold transport markets contributed ~60% & 40% share respectively to the revenue of the cold chain industry in 2020. However, it is anticipated that the cold transportation market will contribute ~ 42% revenue share by the year ending 2025 owing to the rising demand for temperature-sensitive products in the country.
  • Factors such as increase in number of refrigerated warehouses, growth in pharmaceutical sector and high demand for perishable products such as dairy, meat and seafood are expected to drive the growth of the cold chain logistics market in the country.
  • Rafed, an Abu Dhabi-based healthcare procurement company, has partnered with Abu Dhabi Ports to establish the UAE’s largest cold storage facility for Covid vaccines. The state-of-the-art facility can store vaccines at temperatures ranging from 8 to -80° Celsius.

Government Initiatives:  Under the country’s economic diversification plans like UAE Vision 2021, Abu Dhabi Vision 2030 and Dubai’s Industrial Strategy 2030 aimed at reducing the economy’s dependence on Hydrocarbon exports, development of the logistics sector is held as an important strategic goal for sustained long term growth of the economy as UAE becomes a crucial trans-shipment hub for Europe-Asia-Africa trade. The Federal Competitiveness and Statistics Authority expect logistics to contribute 8% of the economy in 2021, rising from the levels of 5.4% in 2017. The UAE is avidly investing in development projects like the China-led global roads ways project “Modern Silk Route”, Etihad Railways which would function as a viable alternative to road cold transport in the Gulf region.

Rising Imports of Food Products and Pharmaceuticals: Due to country’s arid climatic conditions, around 80.0% of the food requirements of country are met through imports from countries such as Brazil, India, USA and others. The pharmaceutical sector has grown at a greater scale in UAE and also across the globe. Covid-19 is the major driving factor because of which the healthcare industry has been advancing at an alarming rate. Expansion of operations by pharmaceutical companies, the growth of medtech companies and localized research and development in healthcare are major factors that have led to the boom of healthcare sector in UAE. The imports of pharmaceutical products in UAE were USD 4.08 Billion during 2019 and the trade volumes grew from 33,000 tons during the first quarter in 2020 to 48,600 tons in 2021. Around 95% of the global pharmaceutical companies have presence in the UAE which provides logistics access to 43 countries worldwide.

Rising Prevalence of 3PL Companies: The market witnessed a strong demand for full-fledged integrated distribution centers that included logistics’ facilities, cold storage, dry storage and supporting retail facilities, as a result, demand for new-generation logistics facilities (built-to-suit) increased in the market and increase growth potential for 3PL companies that could handle stock distribution for companies with large and sophisticated supply chains. Currently, majority of the cold storage warehouses are concentrated in Dubai and Abu Dhabi, however it was witnessed that many 3PL companies were planning to expand their operations across other cities as well to exploit the rising opportunities in the sector.

Analysts at Ken Research in their latest publication UAE Cold Chain Market Outlook to 2025 – The Cold Chain Market in UAE is Thriving with the Advent of Government’s Economic Diversification Plans Coupled with UAE’s Increasing Adoption of Technology and Automation“ believe that the Cold Chain market in UAE is expected to grow due to growth in the demand for food items, increase in manufacturing activity in the pharmaceutical industry and government initiatives to improve the logistics infrastructure in the country. The market is expected to register a positive CAGR of 7.3% in terms of revenue during the forecasted period 2020-2025F.

UAE Cold Chain Market Analysis

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Key Segments Covered

By Type of Market

Cold Storage

By Temperature

  • Ambient
  • Chilled
  • Frozen

By Ownership

  • Integrated
  • Contract

By End-User Application

  • Meat and Seafood
  • Dairy Products
  • Pharmaceuticals
  • Vegetables and Fruits
  • Others

By Major Emirates

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Others

By Major Areas

  • JAFZA
  • DIP
  • DIC
  • Al Aweer
  • Others

Cold Transport

By Mode of Freight

  • Land
  • Sea
  • Air

By Type of Freight

  • Domestic
  • International

By Contract and Integrated Logistics

  • Integrated
  • Contract

By End-User Application

  • Meat and Seafood
  • Dairy Products
  • Pharmaceuticals
  • Vegetables and Fruits
  • Othe

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Key Target Audience

  • Cold Chain Companies
  • Logistics Companies
  • Government Associations
  • Express Logistics Companies
  • Industry Associations
  • Warehousing Companies
  • E-Commerce Operations
  • Investors and Private Equity Companies
  • Logistics Companies
  • Dairy Companies
  • Meat and Seafood Companies
  • Fruits and Vegetables Companies
  • Pharmaceutical Companies

Time Period Captured in the Report

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025F

Companies Covered

  • GAC
  • GSL
  • Mohebi
  • CEVA
  • RHS
  • Hellmann
  • DB Schenker
  • Khalidia Shipping
  • Kuehne and Nagel
  • Agility
  • Al Futtaim
  • DSV Panalpina
  • Triburg
  • RSA Cold Chain
  • Sharjah cold stores
  • Bhatia Brothers
  • Tameem logistics

Key Topics Covered in the Report

  • UAE Cold Chain Market Overview
  • Infrastructure Analysis
  • Existing and Emerging Technologies
  • UAE Cold Chain Market Value Chain
  • UAE Cold Chain Market Size by Revenue, 2015-2020
  • UAE Cold Chain Market Segmentation and Segment Future, 2020-2025F
  • End User Industry Analysis And Future Growth Potential
  • UAE Cold Chain Market Competitive Landscape
  • UAE Cold Chain Market Company Profiles of Major Players
  • Regulatory Environment
  • Industry Trends and Developments
  • Industry Issues and Challenges
  • Analyst Recommendation
  • UAE Cold Chain Market Future Outlook and Projections, 2020-2025F
  • UAE Cold Chain Market Analyst Recommendations

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

UAE Cold Chain Market

Related Reports by Ken Research: –

Competition Benchmarking of Top Logistics Players in UAE in Transportation, Warehousing, 3PL, International Express, Domestic Express, Automotive, Pharma, Oil and Gas and Retail Logistics

UAE E-Commerce Logistics Market Outlook to 2025

In the age of expanding e-commerce and cloud computing, the Philippines data center industry is experiencing rapid expansion: Ken Research

 1. Philippines Data Center Market is being driven by internet users and booming industrial real estate portfolio.

Philippines Data Center Market

Co-locators of data centers and investors are more than ready to welcome data centers in the Philippines. Philippines offers enough of available land for the development of data centers and a thriving industrial real estate portfolio. Additionally, as a result of the pandemic shift, regional demand for data centers is rising tremendously, especially as smart city trends, e-commerce, cashless transactions, the use of cloud technology, and the desire for faster internet all gain traction. Another factor driving the expansion of data centers in the Philippines is cybersecurity worries. As more and more data are generated, there is an increasing requirement for data to be securely stored. Another benefit is that there are 76 Mn internet users in the nation who log on a daily basis for an average of more than ten hours. The country's data usage now has a strong foundation thanks to this.

2. Inadequate power infrastructure, high power costs, and a lack of suitable properties are just a few of the obstacles the Philippines data center market must overcome.

Philippines Data Center Market Revenue

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According to the Philippine Department of Energy (DOE), electricity in the Philippines averages $0.15/kWh as of June 2021. While the capital region is the most preferred location for data center operators, there is a constraint in available supply. Apart from this, most office space is built for traditional and BPO occupiers. Meanwhile, most existing warehouse & industrial property is geared to manufacturing and logistics firms, making redevelopment costly. Furthermore, to make things more challenging the country’s median broadband speed of 60 Mbps is still slower compared to other SEA countries. Improving internet connectivity will be crucial in boosting the Philippines viability as a data center hub.

3. In the upcoming years, demand is projected to increase due to government initiatives, the emergence of new business models, and advancements in 5G and 6G technology.

Philippines Data Center Market Outlook

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The Philippine government has planned to serve as a significant demand source for data. The government’s Cloud First policy promotes cloud computing as the preferred technology to manage and deliver government services. The said policy covers the executive branch of the national government, GOCCs, state universities and colleges, LGUs and vendors servicing the government, while the Congress, Judiciary, independent constitutional commissions, and the Office of the Ombudsman are all encouraged to adopt it. With that new business models are likely to emerge including colocation services, pay-per-use utility model, built to suit, etc. Additionally, the 5G and 6G technology will also push the adoption of IOT-enabled products in the Philippines market. The market for big data and IOT is still in the nascent stage of growth.

Friday, March 24, 2023

Leading Players in KSA EV Charging Equipment Sector — Ken Research

 The KSA EV Charging Equipment market is expanding as a result of the rise in the number of EVs in the region, and government initiatives to support the EV infrastructure in the country. The KSA EV Charging Equipment market is a highly consolidated market with EV Box and Electromin having a major share of the market. Market players such as ABB AND CirControl are positioned as challengers and offer affordable charging equipments in the EV charging market.

  • The adoption of EVs is expected to increase as the KSA government is looking out for more sustainable options to reduce carbon emissions in the region.
  • The government of KSA plans on diversifying the revenue stream by making way for Electric Vehicles.
  • The region imports the charging equipment from other countries. Currently, there are no manufacturing plants in KSA.

ksa-ev-charging-equipment-market

Growth of Commercial Vehicles in the Region: The EV charging equipment market in KSA is expected to generate a revenue of SAR 4.8 Mn by 2027 as the market is expected to progress due to a rise in the number of electric vehicles and increased investment in charging infrastructure, looks promising in terms of growth in the region. Additionally, logistic companies worldwide are under continuous pressure to reduce their carbon footprint and bring in more eco-friendly solutions, which is expected to add to the growth of commercial vehicles in the region.

KSA Vision 2030: Many private players are setting up charging stations on their own premises such as workstations, malls, petrol pumps, and so on. This is expected to fuel the growth of private chargers in the region; however, the demand for public and portable chargers is expected to increase once the number of EVs rises in the region. In addition to this, the government has high ambitions to increase the number of EVs in the region under Vision 2030. By 2030, the Kingdom of Saudi Arabia intends for 30% of automobiles on Riyadh's roadways to be electric. Moreover, new brands entering the market along with new manufacturing projects in the region are expected to be major catalysts of growth in the Kingdom.

Advantages of EVs: Buying an EV costs more than buying an ICE. However, the operational expenditures of an ICE car for gasoline and maintenance are higher than those of an EV. The mass manufacture of batteries, as well as potential tax breaks, will further reduce the cost, making it much more cost-effective. Moreover, because an electric engine produces rapid torque, electric cars accelerate and decelerate smoothly and quickly. In addition, electric vehicles have a low center of gravity, which enhances handling, responsiveness, and ride comfort. Furthermore, electric vehicles reduce noise pollution since they are significantly quieter.

Analysts at Ken Research in their latest publication KSA EV Charging Equipment Market Outlook to 2027F - Driven by Government Initiatives, Demand for Eco-friendly Transportation and Entry of New Brands in the market observed the potential of the EV Charging Equipment Market in KSA. New manufacturing plants in the kingdom, a growing economy, a high urban population, and empowerment of new energy resources along with government incentives are expected to contribute to the market growth over the forecast period. The KSA EV Charging Equipment Market is expected to grow at ~88% CAGR over the forecasted period 2022-2027F.

Key Segments Covered:-

KSA EV Market Segmentations

By Types of Vehicles:

  • Sedan
  • SUV
  • Small / Hatchback
  • Minivan
  • Heavy Trucks
  • Others

By Types of Battery

  • Lithium-Ion
  • NiMH

By Types of Propulsion

  • HEV
  • BEV
  • PHEV

By Major Cities

  • Riyadh
  • Jeddah
  • Dammam
  • Al Khobar
  • Rest of KSA

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KSA EV Charging Equipment Market Segmentations:

By Types of Vehicles:

  • Passenger Vehicle
  • Commercial Vehicle

By Types of Chargers:

  • AC (Slow)
  • DC (Fast)

By Types of Connectors:

  • Type 2 (7 Pin)
  • Type 1 (5 Pin)
  • CHAdeMO
  • CCS

By Types of Ecosystems

  • CPOs
  • Service Providers
  • Manufacturers

By Types of Sales Channels

  • Direct Sales
  • Distribution

By Source of Manufacturing

  • Import
  • Domestic

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By Application

  • Private Chargers
  • Public Chargers
  • Portable Chargers

Key Target Audience

  • Electricity Supplier
  • EV Manufacturers
  • EV Charging Equipment Manufacturers
  • EV Charging System Operator
  • Demand side Transport Operators
  • Government Bodies

Time Period Captured in the Report

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

        Companies Covered

EV Charging Equipment Companies

  • Electromin
  • ASX EV Solutions
  • Motevs
  • EVBox
  • WallBox Charger
  • Circontrol ALITCO
  • Siemens
  • ABB Ltd.
  • Schneider Electrics
  • Qabis
  • ESSCO
  • Abunayyan Trading
  • Altaaqa Alternative Solutions
  • Turning Point Energy
  • Zain

EV Companies

  • Ford
  • Toyota
  • Lucid
  • MG
  • Chevrolet
  • General Motors
  • Nissan
  • Hyundai
  • Volkswagen
  • Peugeot
  • Kia
  • BMW
  • Scania

Key Topics Covered in the Report:-

  • EV Market Overview in KSA
  • Ecosystem of Major Entities in the KSA
  • Government Initiatives and Regulations
  • KSA EV Market Sizing and Segmentations, 2022
  • Competition Framework EV Market in KSA
  • Future Plans of Major EV brands in KSA
  • KSA EV Charging Equipment Market Overview
  • Ecosystem of Entities Operating in EV Charging Equipment Market
  • Value Chain Analysis of EV Charging Equipment Market in KSA
  • KSA EV Charging Equipment Market Sizing Segmentations, 2022
  • SWOT Analysis of KSA EV Charging Equipment Market
  • Barriers in the Adoption of EVs in Saudi Arabia
  • Growth Drivers of KSA EV Charging Equipment Market
  • End User Analysis of EV Equipment Charging Market in KSA
  • Competition Framework for EV Charging Equipment Market
  • Pricing Analysis for EV and EV Charging Equipment Market in KSA
  • Future Market Sizing and Segmentation, 2027F
  • Future Market Trends for EV Charging in KSA
  • Market Opportunities and Analyst Recommendations

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

KSA EV Charging Equipment Market

Related Reports By Ken Research:-

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

India EV Charging Equipment Market Outlook to FY'2026

Indonesia Electric Vehicle Charging Equipment Market Outlook to 2026

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Indonesia Corporate Training Market Outlook to 2027F: Ken Research

 Indonesia Corporate Training Market is at growing stage and has moderately fragmented market with more than 50 players in market. Cognitel and PwC are the top players in the market. Players are competing against each other on the basis of price, post training support, brand value, clientele, trainer’s qualifications, customizations and value-added services.

Corporate Training Market in Indonesia

  • The demand for corporate training service is growing in Indonesia due to the increasing need for companies to upskill and reskill their employees in order to stay competitive in the changing business landscape.
  • Government policies and investment has also fueled the growth in the Indonesia corporate training market. For instance, government programs like Vocational Training and Employment Program aimed at improving the quality of workforce by providing skilled training & opportunities to workers.
  • Increasing use of technology will also boost the market, with latest device and mobile learning are some of the next generation technologies which will help the Indonesia Corporate Training Market to grow.

Increasing Technological Advancement: The rapid adoption of new technologies has created a need for employees to constantly update their skills to remain relevant in the workplace. For example, with the increasing use of digital technologies, companies are providing training programs on digital marketing, data analytics, and cloud computing to help employees acquire the necessary skills to perform their jobs effectively. This has led to a growing demand for technology-focused corporate training programs, particularly in the IT and digital industries. The use of technology in the delivery of training programs, such as online and virtual training, has also increased, making training more accessible and convenient for employees. The growth of technology-related industries and the need for a skilled workforce are expected to drive the continued growth of the corporate training market in Indonesia.

Favorable Government Policies: Government has launched several Policies which helps in developing the skills of the country’s workforce and support the development of the country’s human capital. For Instance, the Ministry of Manpower provides financial incentives for companies that invest in employee training, including tax break and subsidies for training program. The government also support the development of vocational training program and provides funding for the construction of training center and the purchase of the training equipment. These policies will help to drive the growth in the Indonesian corporate training market.

Increasing influx of Foreign Investment: Indonesia continues to attract foreign investment; companies are seeking to improve their competitiveness and efficiency to meet the demands of the global marketplace. This has led to an increase in demand for training programs to help employees acquire new skills and knowledge, and to improve their overall performance. For example, the establishment of a joint venture between a US-based multinational corporation and an Indonesian training company has attracted an investment of $10 million from the US-based Corporation and has been established to provide high-quality corporate training programs to companies and employees in Indonesia. The joint venture offers a wide range of training programs, from technical skills training to leadership development, and uses the latest technology and instructional design methods to deliver high-quality training.

Analysts at Ken Research in their latest publicationIndonesia 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.

Leading Corporate Training Providers Indonesia

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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