Volume of goods transported in Australia is expected to increase @ 10% by 2025. Will Australia be able to provide logistics support to it?: Ken Research

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1.  Australia’s overall score in LPI (decreased from 3.84 in 2010 to 3.7 in 2020

Click to Read Article: Australia E-Commerce Logistics Market

• Australia’s Total LPI score decreased from 84 (2010) to 3.7 (2020).
• Australia ranked 20^thAustralia (2020), falling from 18^th Australia (2018).
• Australia ranks 1^stin Oceania region.

This creates a big opportunity for new logistic companies and firms to cater to the falling standards of logistics and provide better support & efficiency to it.

2. Australia has built a vast road network, which has improved logistics mobility.

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• Total Length of Road Network (2019): 920,217 km
• Single Longest Track: Highway 1 connecting all mainland state capitals – 14,500 km World’s longest national highway
• Major Routes of Australia – Sydney – Melbourne, Sydney Brisbane, Brisbane – Cairns, Brisbane – Darwin, Brisbane – Melbourne, Melbourne – Adelaide, Adelaide – Perth and others.
• Transportation contributes around ~ 60% to the logistics market in Australia.
• Total volume of goods transported is around 768 Bn Ton Kms as of 2020, with an overall increase of 15% as compared to 2015.
• Road Freight is expected to continue dominating the market, contributing 55% to the transportation market.

3. Truck Platooning to lower fuel cost and emissions being a catalyst to logistics market in Australia

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Benefits

• Improves Safety; reduces accidents
• Reduces labour cost and transports more (quantity)
• Improves efficiency in supply chain
• Lowers fuel consumption & CO2 emissions
• Increases driving range of trucks used in transportation

 All these factors aid in the expansion of the logistics support throughout Australia.

Global Auto Finance Market Is Growing At A Robust CAGR In 2017-2022 And Is Expected To Be A USD 400 Bn Market By 2027- Ken Research

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What Is The Size Of The Global Auto Finance Industry?

The Global Auto Finance market is growing at a robust CAGR in 2017-2022 and is expected to be a USD 400 Bn market by 2027. The Global Auto Finance Market is largely driven by increasing investments in autonomous vehicles and growing demand for EVs.

The outbreak of COVID-19 had an adverse impact on the market. The economic uncertainty has forced car buyers to postpone their purchase of a new vehicle. Despite the slowdown in car sales, auto lenders accommodated an upsurge in servicing activity, such as refinancing and extensions. Auto lenders are also adopting digital tools to expedite the service processes, remotely.

Nevertheless, since the latter part of the year, the demand for automobiles has shown a substantial rise, which has supported the automotive finance industry. The COVID-19 epidemic has also accelerated the expansion of online and digital platforms for B2C purchasing. As a result of these changes, manufacturers and industry participants have begun to virtualize their dealerships or agreements and work remotely.

Furthermore, the increasing demand for passenger cars, the acceptance of alternative-fuel vehicles, and the rise of digitalization in the automobile industry are contributing to the market growth on the global level.

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Global Auto Finance Market By Distribution Channel

The Global Auto Finance market is segmented by Distribution Channel into Banks & Subsidiaries, NBFCs, OEMS, and Captives. The growing importance of captive automotive finance worldwide is creating new opportunities for market growth.

Global Auto Finance Market By Type Of Financing

The Global Auto Finance market is segmented by Type of Financing into Passenger Vehicles, Commercial Vehicles. The commercial vehicles segment is anticipated to witness significant growth during the forecast period.

Global Auto Finance Market By Region

The Global Auto Finance market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.

Asia-Pacific is predicted to develop significantly throughout the projection period, owing to an increasing number of favorable government measures in economies such as India, Japan, and China to stimulate automotive sector expansion and retain customer interest.

Global Auto Finance Market By Type Of Financing

The Global Auto Finance market is segmented by Type of Financing into Passenger Vehicles, Commercial Vehicles. The commercial vehicles segment is anticipated to witness significant growth during the forecast period.

Global Auto Finance Market By Vehicle Financed

The Global Auto Finance market is segmented by Vehicles financed into new cars, Used cars, and Motorcycles.

The New Vehicle segment dominated the market as the sales of medium and heavy commercial vehicles increased substantially globally.

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Global Auto Finance Market By Tenure Of The Loans

The Global Auto Finance market is segmented by Tenure of the loans into 1 year, 2 years, 3 years, 4 years, 5 years, and above.

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Global Auto Finance Market

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Malaysia Automotive Aftermarket Services Market Poised to register a CAGR of over 3% during the period 2020-25. Will it sustain? : Ken Research

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The market shall witness a growth of CAGR 3% in the revenue share from the OEM/ Authorized service centers owing to the increased discounts and offers provided by these centers to retain their customers: Ken Research

1. Car Servicing in Malaysia Growing on the Back of Diminishing Average Age of Car Ownership

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Automotive aftermarket service started back in 1960's in Malaysia. The companies seen during this period included Kah Motor (Honda Dealer), Tan Chong Motors (Nissan Dealer) and others. Car service industry in Malaysia is growing at a CAGR of over 3%during 2015-2020. Proton and Perodua are the most popular homegrown car brands in Malaysia. Malaysia automotive ecosystem consists of 25 vehicle manufacturers and assemblers, 600 local vendors and 50,000 aftermarket establishments. Malaysia automotive ecosystem consists of over 600,000 jobs.

2. Malaysia Automotive Aftermarket Service Industry Growing with Surging Used Car Sales

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The used car sales in Malaysia has been growing steadily, benefitting the aftermarket service industry. Used car sales in Malaysia steady despite pandemic, as it has deterred people from using public transport leading to higher demand for post warranty service from multi-brand workshops. The used car sales in Malaysia recorded a CAGR of over 4% during 2015-2020.No End of Life (ELV) Vehicle Policy  is Malaysia is leading to the surging number of used cars in Malaysia.

3. Malaysia aftermarket service market anticipated to record a CAGR of over 3% during the period 2020-2025

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NAP2020 aims to enhance Malaysia’s automotive Industry in the era of digital industrial transformation from 2020-2030. The Malaysia automotive aftermarket service market is anticipated to witness a surge in the number of organized multiband service centers to cater to the demand of the post warranty car users. The car maintenance market is anticipated to evolve in the next few years with the entrance of EEVs which will demand different maintenance requirement away from the current maintenance practice. The Malaysian automotive market is anticipated to witness more number of player providing extended warranties which would lead to a higher demand for the car service from OEMs. The market is anticipated to grow at a CAGR of over 3% in the upcoming years.

Malaysia is a fast-growing Export Economy with about 80% smartphone penetration - How will the E-Commerce Shipments Market benefit from it? Ken Research

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Malaysia consists of fragmented Competition with presence of 1000+ express players in the industry. Top 3 players namely Shoppee, Lazada & POS have ~40.0% market share. Companies are battling against each other to acquire and retain clients, expand geographical presence, expand service offering and improve unit economics to increase margins. 

1.  Fulfilment Model/Inventory Led Model along with the Market Place Model are the most preferred E-Commerce Business Models in Malaysia

• In Inventory Led model products are pre stocked in the e-commerce player’s warehouse or its logistic partner’s warehouse. These products are already sorted and only the packaging & labelling activity is carried later on.
• Mostly preferred by the large-scale e-commerce players with sufficient warehousing space.
• In Market Place Model products are directly picked from Multiple Sellers across Malaysia. Order details would be shared with the logistics partner who would go and pick the product from the designated seller.
• Preferred by most of the small-scale e-commerce platforms.
• Shopee and Lazada operate on a mix of fulfilment & marketplace model.

Click to Read Article:- Malaysia E-Commerce Shipments Market

2.  Malaysia is one of the top-ranking Countries in Asia in terms of the Internet Penetration in the country- With 88% in 2021

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There were 28 million social media users in Malaysia in January 2021. The number of social media users in Malaysia increased by 2.0 million (+7.7%) between 2020 and 2021. The number of social media users in Malaysia was equivalent to 86.0% of the total population in January 2021. Consumers interact with brands on these social media platforms owing to which ecommerce activity will see a rise in Malaysia.

3. Regulations that are provided by Ministry of Domestic Trade and Consumer Affairs for Retail Trade in Malaysia has few benefits for Everybody

Companies with 50% or more foreign equity and intending to participate in the distributive trade sector or the Unregulated Services sector are required to obtain the approval of the MDTCA.

 The Consumer Protection Act 1999 (“CPA”) provides for the protection of consumers in Malaysia. It applies in respect of all goods and services that are offered or supplied to one or more consumers in trade including any trade transaction conducted through electronic means.

 The CPA sets out mandatory statutory requirements including implied guarantees on the supply of goods and services, the consumer’s right of redress against suppliers and manufacturers, prohibition against unsafe goods, liability for defective product and prohibition against unfair contract terms with consumers.

The factors above is changing the landscape of ecommerce shipments industry in Malaysia in a positive way and will further lead to enhanced trust upon government in future.

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4. Klang Valley comprising of Kuala Lumpur generated the highest orders of more than $300 Mn for both Sourcing and Delivery in 2021

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E-commerce hubs are concentrated in Klang Valley owning to large and digitally literate consumer base with decent purchasing power along with highest urban population. However, this share is expected to come down in future, as tier II cities will become new demand centres driven by increased internet penetration, increase in number of smartphone users, rise in per capita income and increasing propensity to purchase online.

Global Automotive Camera Market expected to record a CAGR of ~12% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Automotive Camera Industry?

Global Automotive Camera Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 20 Bn by 2028.

The Automotive Camera Market is largely driven by the growing consumer demand for active safety systems coupled with increased penetration of camera-based convenience features in passenger cars and commercial vehicles.

The stringent government initiatives to install safety technology in cars and other vehicles to enhance the safety of drivers coupled with increasing penetration of safety systems in vehicles is likely to propel the growth of the global automotive camera market.

The global automotive camera market faces challenges due to the high installation cost of the automotive camera.

The rising incidence of malfunctioning camera components such as modules, sensors, and other components along with the high cost to fix the damages is also expected to restrict the growth of the market.

The COVID-19 pandemic negatively impacted the automotive camera market due to the suspension of the production of vehicles and decreased demand for vehicles. Additionally, a halt in the automotive industry due to disruption in supply also slowed down the growth of the market during the pandemic. However, the market started gaining momentum owing to different mandates by different countries.

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Global Automotive Camera Market By Vehicle Type

The Global Automotive Camera market is segmented by Vehicle type into Passenger Vehicles and Commercial Vehicles.

The passenger vehicles segment held the largest share of the global automotive camera market by vehicle type in 2022, owing to the rising incidence of car accidents along with the increasing requirement for an active safety system.

The increasing demand for camera-based convenience features, especially in luxury vehicles is expected to fuel the demand for the segment in the global automotive camera market.

Global Automotive Camera Market By Application

The Global Automotive Camera market is segmented by Application into Park Assist, ADAS and Others.

The ADAS segment accounted for the largest share of the global automotive camera market in 2022, attributed to the surge in the installation of ADAS in passenger cars and commercial vehicles.

Growing demand for ADAS systems in vehicles to improve their safety as it offers key driving assistance functions such as controlling speed, maintaining a safe speed, and other functions, is anticipated to aid the growth of the segment in the global automotive camera market.

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Global Automotive Camera Market By Technology

The Global Automotive Camera market is segmented by Technology into Infrared Camera, Thermal Camera and Digital Cameras.

Infrared camera segment accounted for the largest share of the global automotive camera market in 2022, due to the growing demand for cameras that operate in low-light conditions in vehicles.

Infrared cameras can detect invisible heat radiation emitted by objects regardless of lighting conditions which can offer an added advantage to the drivers and can ensure their safety, which is anticipated to aid the growth of the segment in the global automotive camera market.

Global Automotive Camera Market By Geography

The Global Automotive Camera market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America region accounted for the largest share of the global automotive camera market in 2022, due to the rising demand for luxury vehicles among consumers.

The increasing installation of advanced driver-assistance systems (ADAS) to enhance the safety of drivers coupled with the increasing number of manufacturers providing value-added service in the region, is expected to augment the growth of the region in the automotive camera market.

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Key Topics Covered in the Report

• Snapshot of the Global Automotive Camera Market
• Industry Value Chain and Ecosystem Analysis of the Automotive Camera Market
• Market size and Segmentation of the Global Automotive Camera Market
• Historic Growth of the Overall Global Automotive Camera Market and Segments
• Competition Scenario of the Automotive Camera Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Automotive Camera Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Automotive Camera Market
• Future Market Forecast and Growth Rates of the Global Automotive Camera Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Automotive Camera Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Camera Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Garmin Ltd.
• Panasonic Holdings Corporation
• Continental AG 
• Autoliv
• Robert Bosch GmbH
• Magna International Inc.
• OMNIVISION
• ZF Friedrichshafen AG
• Aptiv
• STONKAM CO., LTD.

Notable Emerging Companies Mentioned in the Report

• Mobileye N.V.
• Valeo
• Canon
• Zebronics
• Renesas

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

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

Global Automotive Camera Market

The COVID-19 Pandemic Dealt a Heavy Blow to the Global Lubricants Market in 2021, with Revenue at Over USD 120 Bn: Can the Industry Expect a Strong Recovery or a Slow Climb? — Ken Research

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1. “Demand for green fuel:” An initiative that can affect the lubricants market negatively.

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The automotive industry contributes significantly to consumption & ultimately the growth of the global lubricants market. However, as the demand for crude oil grows, so do environmental concerns. Consumers all over the world are becoming more interested in electric vehicles. Additionally, as the technology advances, the pros of having an electric vehicle will become clear. Electric vehicle adoption is expected to slow down the industry growth. According to International Energy Agency, “sales of electric vehicles have doubled in 2021 with an overall count of 6.6 million & have accounted for 10% of global car sales.” Moreover, China accounted for 3 million sales of electric vehicles in 2020, by 40% in 2019 & is expected to capture a bigger share of the market in upcoming years.

However, from a broader perspective, renewable energy can also benefit the lubricant market, the potential sub segment of the power generation market is renewable energy sector. In terms of total energy, wind power generation which uses lubricants to a large extent, currently makes up a very small portion, but, according to the world energy association, the market is expanding at the rate of 10% annually & had a capacity of 596,566 megawatts. Lubricants are thus necessary for the sector.

2.” COVID Hit:” Damage inflicted on automotive segment felt by the lubricants market as well.

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The global automotive supply industry is heavily impacted by the COVID-19 crisis, as both the production and sales of motor vehicles came to a sudden halt in most of regions. The lockdown impacted the transportation sector, resulting in the low movement of commercial and passenger vehicles across the globe. In China, according to the International Council on Clean Transportation, there was a 23% decrease in the sales volume of new passenger cars in 2020 as compared to the first half of 2019. These work stoppages led to a loss of production of millions of vehicles across the world. Moreover, as per International Organization of Motor Vehicle Manufacturers, global vehicle manufacturing dropped by 16% directly impacting the demand for automotive lubricants. All these factors negatively impacted the lubricants market during the COVID-19 pandemic.

However, as automotive, marine, chemical & oil & gas markets rebound from the pandemic shock waves, the lubricants market will also grow subsequently. The growth, however, will be steady at first & is then expected to grow at a fast pace.

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

Global Lubricants Market

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Will The Global Logistics And Warehousing Players Able To Cater The Spike In Online Demand Of Products? - The Market Is Forecasted To Grow $72.96 Bn By 2027: Ken Research

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1. Electronic Commerce Growth Creates Tremendous Opportunities globally for logistics and warehousing

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• China, Hong Kong (China), and the United Kingdom had the greatest GDP-related B2C e-commerce, while India, Brazil, and Russia had the lowest.
• Globalization has increased the amount and diversity of cross-border transactions in services and products by facilitating the rapid and broad transfer of technology.  This has driven the trends in the global cross-border B2C e-commerce market.
• Current e-commerce technologies make it simpler for businesses to reach scattered audiences by lowering administrative and marketing expenses.
• The COVID-19 pandemic resulted in an increase of 9.5% annually, or more than 4 billion people, in the number of Windividuals shopping online in 2020. The rising trend was anticipated to continue in 2021. Following fashion in popularity are toys, hobbies, technology, and media in the e-commerce sector.

 2. Rising Interest in Omni-channel drives the Global Market

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• As large online retailers build physical stores, the omni-channel supply chain has expanded dramatically.
• Intelligent retail solutions are now implicitly demanded by the informed customer. Via diverse retail venues, distinct consumer groups purchase and select goods that suit their requirements and way of life.
• As a result, businesses have realized that expanding consumer options and streamlining the purchase process boosts revenue. As they work to boost B2C and B2B e-commerce, medium and big businesses will use the term "omni-channel retail" as their catchphrase.

3. An Increasing Number of SKUs:

The ever growing number of iPhone SKUs

• Trends towards stocking more SKUs are being driven by rising consumer expectations. Warehouse managers fear their clients would switch to a supplier who will carry a slow-moving item if they don't stock it.
• A change away from maintaining a lean inventory to keeping additional supplies on hand, just in case, is also being brought about by the supply chain disruptions brought on by the epidemic.
• More flexible and customizable fulfilment solutions are required as a result of changing customer behaviour and an increase in available SKUs.

Analysts at Ken Research in their latest publication “Global Logistics and Warehousing Market Outlook to 2028- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Global Logistics Market is in a growing phase. Increasing demand for food, beverages, and manufacturing products in Global and Government support to improve transport facilities are some of the factors that will contribute to the Global Logistics market growth over the period of 2023-2028. It is expected that Global Logistics Market will grow at a positive CAGR for the above-forecasted period.

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Global Logistics Market

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4 Key Insights from the India Skilling Industry Future Outlook, a snippet from a report: Ken Research

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India is considered to be the 2^nd Fastest Growing Freelance Market in the World.

1. Stronger Impetus towards Already Fast-Growing Ed-Tech Adoption among Working Professionals & Graduates in India

Click to Read Article: Top players providing online teaching platforms

• COVID-19 accelerated Trend in adoption of Online Learning in India. education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms.
• Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.
• Even before COVID-19, there was already high growth and adoption in education technology

2. Youth employed in full-time jobs are most willing to take up freelance work in the future

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• 78% of India's working youth who held 0-1 job in the last five years and are willing to take up freelance work.
• 84% of India's working youth who held 2-3 jobs in the last five years and are willing to take up freelance work.
• 86% % of High-earners (earning more than ₹20,000 a month) inclined towards freelance work.

3. Freelance Workers (Gig workers) could Reshape India’s Future Job Market Landscape

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• GIG Workers taking skilling courses with time to enhance their skill set as companies (such as EY) have a database of a few 100 freelancers whom they hire regularly for various projects.
• Major IT firms like TCS, Infosys and Microland, hire independent consultants regularly at all levels for multiple projects.
• Top paying gig jobs: Content Writing, Translations, Creative works, Recruitment, Sales, Digital Marketing, Branding, Software Development, Architecture, Building Information Modeling, Accounting, Data Analytics, Consulting, Counseling etc.

4. Technical skills are the trends in the market, but nowadays, youth are brushing up their soft skills and are more eager to learn them through various agencies

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• Technical Skills - Overcrowded with presence of 80+ Edtech players; 2-3 players added every yr. 75% of programs on SPOC platforms are technical/ IT courses.
• Soft Skills - Few 5-6 Verticalized edtech players. Frag. among MOOCS and Corporate training corporations.

Digital disruption: the way forward for Malaysia Used Car Market: Ken Research

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The global pandemic had impacted the automotive industry all over the globe and Malaysia is no exception. However, the used car market has seen a positive increase in sales due to factors such as low income, a lack of money, and a rising preference for private cars to maintain social distancing. As a result, the used car industry is growing at a CAGR of ~6% during the years2015 and 2021. The sector for used cars in Malaysia is expected to witness steady growth in the coming years as well, but this time, digital disruption will have a key role to play. Find out how digital media will help the used car market in driving sales and flourish in Malaysia.

1. The Used car industry in Malaysia is amongst the most significant contributor to the Country’s economy

1.1 …aided by a growing population and rapid migration to urban areas that has caused an increase in demand for personal vehicles

2.  Presently, the industry is in the late growth phase with the increased popularity of online players and the entry of OEM-certified dealers

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3. The increasing presence of Multi-brand & OEM-certified dealerships and easy financing options have contributed to Industry’s growth

4. Used car dealers try to attract customers with additional discounts and After sales services

5.  Here, majority of the cars are sourced by the dealers from individuals and auction houses

6.  Social media plays a major role in generating leads for dealers & end consumers by virtue of offering advertisements at a lower cost with respect to other traditional marketing channels

7.  Consumers are shifting away from traditional methods & increasingly using online platforms for buying used cars which acts as an opportunity; lack of warranty online remains an issue

8.  Owing to digital enablement and additional service offerings, the industry is anticipated to thrive in the future

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Malaysia Used Car Market

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France Used Cars Market Outlook to 2027

UK Used Car Market Outlook to 2026F

Turkey Used Car Market Outlook to 2026F

Due to COVID-19, the Malaysian Ophthalmology Market Revenue declined by 7.3% in 2020. Will Malaysia be able to recover the lost revenue? Ken Research

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1. With population of 31.9 Mn, Malaysia has 1 Ophthalmologist per 50,000 people

Click to Read Full Article: Malaysia Ophthalmology Market

• There is a dire need of more sophisticated ophthalmologist clinics
• More technological advancement in services provided for ophthalmologist
• Creating awareness regarding ophthalmologist’s need
• More numbers of ophthalmologist’s.

2. Growing Ageing Population proportion increased Number of Eye related clinics across Different Regions

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• Proportion of Population >50 Years

• 27%: Central Region, majorly include Kuala Lumpur Selangor, Negeri Sembilan
• 26%: Northern Region, Major Locations being Pulau Pinang, Kedah Perlis & Perak
• 16%: Southern Region, majorly Melaka and Johor
• 14%: Eastern Region, Majorly include Kelantan, Pahang, Terengganu

Growing Ageing Population proportion across Different Regions resulting in increased Number of Eye related Patients in majorly Selangor and Kuala Lumpur

3. National Eye Database Malaysia has been significant in estimating the vastness of problems related to eye-sight.

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• National Eye Survey, a population based eye survey to be conducted by the Ophthalmology Service of the Ministry of Health (MOH) in collaboration with the Institute of Public Health (IPH) and Clinical Research Centre (CRC) of the MOH.
• Objective of the survey is to estimate the prevalence of blindness & low vision among Malaysians (50 years and older), to assess cataract surgery coverage & identify barriers to access cataract surgery service in the country.