Diffusion of technology and rising government initiatives will enable the Agri-tech market to reach INR ~11,000 Cr by 2025 in India: Ken Research

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The Agricultural sector of India is undergoing a catalytic transformation. The industry is imbibing and adopting innovative technologies to improve the efficacies of farming operations, thereby enhancing yield. This has led the Agri-tech industry in India to grow at ~85% growth rate and the market is poised to reach ~11,000 Cr by the next five years.

1. The India Agri-tech market is flourishing with double-digit growth owing to the rapid increase in the number of Agri-tech startups with ~47% CAGR from 2014 to 2020

Growth of Agri-tech Startups in India: Click to read more

A number of Agri-tech startups in India have witnessed a sharp spike from ~59 in 2014 to ~600-700 by the end of 2020, growing at a CAGR of over ~47.0%. ~75% of agritech startups have incepted post-2013, with 2015 and 2016 witnessing the emergence of a maximum number of players. The adoption of agri-tech solutions among farmers and farmer organizations continues to be low and startups experience long gestation periods to develop trust in the community. Presently, around 8 Indian states including Delhi, Haryana, Tamil Nadu, etc., are each home to at least 25 agritech startups. Maharashtra and Karnataka together account for ~50% of the agritech startups in India. Many startups have even pivoted to B2B from B2C models in the last 5 years due to operation intensive nature of B2C models despite higher margins.

2. Rising number of start-ups has driven over 1 billion USD in investments in the agri-tech market in India in the last five years

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India has registered an impressive number of funding for agritech start-ups till 2021. Dehaat raised $30 mn in a Series C financing round led by Prosus Venture in January 2021. The company plans to utilize the latest round of funding for expanding operations in Madhya Pradesh and Rajasthan. Agri financial solutions provider, Sammunati raised INR 89.6 crores ($12 mn) in January 2021 via debt from two financial inclusion funds, FMO-Entrepreneurial Bank and Triodos Investment Management. Cropin raised $20 Mn in a Series C funding round led by Singapore-based PE firm, ABC World Asia. The company aims to use the latest funding for global expansion & driving the European market.

3. The government is actively taking several initiatives to improve the Agricultural Infrastructure and boost the Agri-tech market to reach over INR 11, 000 Cr. in India

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The Government of India has been increasingly adapting to the innovations and changes in the agricultural sector to keep up with the pace at which the sector is developing globally. Here, infrastructural development plays a major role in building a robust Agri-tech sector. The Agriculture Infrastructure Fund (AIF) is a part of the nation’s agriculture fund and has supported more than 18,321 projects totaling INR 13,681 crore. In addition to this, 8,076 warehouses, 2,788 primary processing units, 1,860 custom hiring centers, 937 sorting and grading projects, 696 cold store projects, 163 assaying projects, and approximately 3613 other post-harvest management initiatives and community farming assets, and cold storage projects were established under the fund.

3 Catalysts in Philippines E-Commerce Logistics Market: Is the Growth Sustainable? : Ken Research

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Philippines E-Commerce Logistics market is expected to reach almost PHP 67 Bn in terms of revenue delivering nearly, 1 Bn shipments in 2025.

1. With the Support of Government’s Philippines E-Commerce Roadmap (2015-2020), Philippines E-Commerce Logistics Market Recorded More Than PHP 20 Bn in 2020.

Cross – Comparison: Digital Trends in 2020: Click to Know More

The Country’s Department of Trade and Industry (DTI) developed the Philippines E-commerce Roadmap (2016-2020) with a primary goal of getting online business activities to account for 25% of the country’s GDP by 2020, up from 10% in 2015. The main focus areas are Infrastructure, Investments and Innovation is in the process of building clear rules and support systems for customers and other online merchants.

2. Gadgets & Electronics is the Top E-Commerce Product Category With 33% Share, Followed by Fashion & Footwear With 28% Share in Total Online Purchases.

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Growing awareness among Filipino consumers about global brands as well as preferences for improved and latest fashion trends and technologies has heightened the demand. Moreover, Updated Technology such as GPS Monitored Robots, Drones, Inbuilt RFID, GPS, IoT, telematics will be used for tracking Inventory.  Lately, Gadgets & Electronics is the Top E-Commerce Product Category With 33% Share in Total Online Purchases.

3. Several Government Initiatives Support E-Commerce Market in Philippines to Reach Almost PHP 67 Bn in Terms of Revenue Delivering Nearly, 1 Bn Shipments by 2025.

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• Bangko Sentralng Pilipinas (BSP), along with other industry stakeholders, launched NRPS to increase retail electronic payment transactions to 20% by 2020 and in due course to also improve the country’s economic competitiveness. Self-governing body of direct clearing participants called the Payment System Management Body or PSMB was created on 31 March 2017 to assist BSP. Launch of 2 specific Automated Clearing Houses (ACHs), PESONet on November 8, 2017 and InstaPay on April 23, 2018.
• BBB” program consists of around 20,000 infrastructure projects nationwide, including roads, highways, farm-to-market roads, airports, seaports, terminals, evacuation centers, lighthouses, hospitals, schools, government centers, etc. Average percentage of infrastructure budget to GDP was0% or PHP 932 Bn ($19.1 Bn) in 2017-19. In 2020, budget allocation for the “BBB” program was 4.6% of GDP (PHP 972.5 Bn) due to COVID-19.

The Global Waste Water Treatment Market Was Valued At USD 280 Bn In 2021. Will The Market Achieve A Decent Size During The Forecasted Period? Ken Research

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The global water and wastewater treatment market is projected to grow at a CAGR of 7% owing to rising technological innovation in the market, says a report by Ken Research

1. High cost of treatment alongside a wide number of opportunities provides a balance in the Global waste water management market

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Wastewater is systematically treated in three stages, primary, secondary & tertiary treatment all three of which requires specific skills & expertise. These process are also quite capital intensive. For instance, the development bank of Latin America (CAF) estimated that over the period of 2010-30, USD 80 Bn will be spent on sewerage infrastructure & treatment. A few components that increase the cost of waste water treatment are flow rates of the effluent, water quality, required degree of purity & construction chemicals. Even though the cost of treatment is high, the market provides a vast opportunity for the companies entering the same & has endless profit generation opportunities given the rising rate of pollution & stringent government regulations.

Recent Trends in Global Waste Water Management Market

2. Rising Population has resulted in an urgent need for proper Waste Water management market indicating an increasing demand for the market

As per statistics, the world population is projected to reach 8 Bn. The growing population continues to build pressure on water resources that are already under massive strain. Thus, technologies that promote more efficient use of already available water are increasing. Further, water scarcity, energy savings, and increasingly complex industrial wastewater treatment demands push companies to implement new techniques to optimize environmental and economic performance.

Demographic Trends in the Global Market

3. Increased technology adoption & its subsequent usage by both industries & municipals indicates massive market opportunity.

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According to a survey conducted by the Global Water Leaders Group, COVID-19 has reduced industrial water usage by an average of 27%. However, numerous government bodies and non-profit organizations are taking initiatives to develop awareness regarding hygiene due the pandemic, this is expected to propel the market growth during the post pandemic times. Moreover, with development in technology infrastructure & its adoption is expected to boost the market growth in the upcoming years. The market is expected to reach a size of USD 500 Bn by 2030.

                 Future Trends in Global Waste Water Management

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

Global Waste Water Management Market

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Leading Players in Singapore Auto Finance Market - Ken Research

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The Auto Finance market of Singapore consists of a large number of Domestic as well as international players. However, only the top few players occupy a lion’s share of the market (basis credit disbursed) making the industry highly concentrated. Major Baking Institutions involved in Auto Loans Services in Singapore include DBS Bank, Standard Chartered, OCBC, Maybank, and UOB among others.  Moreover, the government of Singapore is working towards the expansion of Green Car Sales in the country, which is expected to increase the demand for ‘Green Car Loans’ in the future years.

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1. More than 50% Sales in Singapore Automotive Industry are of Used Vehicles mostly due to highly expensive cars in the country.

More than 50% sales in Singapore Automotive Industry are of Used Vehicles mostly due to highly expensive cars in the country owing to high number of additional charges. Singapore Automotive Market is in the growth stage with multiple factors supporting it such as labor availability, R&D efforts, rising income levels and more. Hence, despite the government's policies to reduce the number of cars, there are nearly one million vehicles on Singapore's roads. Cost-effective models or used cars are witnessing strong success as the new cars are highly expensive and the majority of car buyers segment includes the middle class looking for mid-range cars. But the new vehicle sales are expected to witness highest growth rate though Used Cars Sales will continue to dominate the Market in future.

2. Toyota, Mercedes-Benz, Honda, BMW and Mazda were the top 5 OEM Brands which accounted for more than half of Passenger Car Sales in Singapore in 2020

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2020 was a tumultuous year for the entire world, & Singapore’s passenger car market was no different. Compared to 2019 & 2018, every brand sold fewer cars mainly due to the pandemic as well as zero car population growth policy in the country.  2020 witnessed a significant reshuffling of brands. Toyota emerged as the winner this year after trailing Honda to the top step in the preceding two years. Toyota went all in for 2020 with the switch to a strong virtual presence and introduction of TFSSG. Furthermore, Honda occupied third position in the market as new City was its headline model for 2020 and very impressive for the segment, but the decline of the compact sedan market and higher COE prices meant it wasn’t a sure-fire best-seller like it was in the past.

3. Singaporeans are buying fewer cars with time, but the preference for expensive and luxury cars has increased .

Singaporeans are Buying Fewer Cars, but more expensive cars. Declining COE premiums can lead to growth in car sales. Moreover, Car-sharing companies (BlueSG, Tribecar erc) are seeing a continuous spike in revenue & usership. Incentives provided to deregister a car before 10 years – in terms of COE & PARF rebates, thus impacting the average age of cars in Singapore. Despite cancelled COE bidding and closure of showrooms, 40% of new car registrations were luxury cars, as compared to 19-25% last year. Increase of luxury car registrations during the pandemic was seen as a sign of rising inequalities in the country.

4. Use of advanced technology like predictive analysis and focusing on building partnerships can help in growing business.  

When customers shop for a car, they need information about two things: the car itself and how to finance it. Hence, A tighter online integration of information gathering for car buying and car financing can help move a consumer to the next stage of the purchasing process. The solution is an interactive online interface embedded with AI.  The online experience must extend seamlessly into the dealership – for instance, by giving the customer access to terms and pricing details on their mobile app rather than having to rely on the dealer. A company can predict when the customer will be looking for a new car by leveraging external databases, such as credit bureaus, social media, and online searches, and internal data, such as customer risk score, payment histories, and loan to value. By taking advantage of web analytics, a lender can expand their pipeline by 5% to 10%.  Moreover, an intelligent predictive analysis program includes built-in risk-based pricing, so that each person can be given a customized offer.

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Singapore Auto Finance Market

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How USA EV and EV Charging Equipment Market Crosses $100 Bn in 2022? And what’s more? : Ken Research

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EV and EV Charging Equipment Market in USA is expected to growth at a robust CAGR of 18.9% and 19.5% respectively in next 5 years, says a report by Ken Research

1. Revolutionizing the Road: Technological Advancements in Battery Technology and Sustainable Benefits of EV Fuel Growth in the US Market.

To Know Government Regulation and Investments in EV Sector: Click Here

2. Rising Disposable Income and Low Maintenance Cost of EVs Fuel Shift from Combustion Vehicles in Country.

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Major Players Mentioned in the Report:

EV Companies:

• Tesla
• BMW
• Audi
• Ford
• Kia
• Rivian
• Toyota
• Volvo
• Hyundai

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EV Charging Equipment:

• WallBox Chargers
• ABB Limited
• Schneider Electric
• EV Box
• Autel Energy
• ProTerra Energy
• Siemense
• Power Charge
• Intellimeter

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• 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 Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: –

USA EV & EV Charging Equipment Market

Related Report by Ken Research: –

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

KSA EV Charging Equipment Market Outlook to 2027F

India EV Charging Equipment Market Outlook to FY'2026

Providing A Plethora Of Services Under One Roof Can Be A Mantra For Success In Qatar’s Fitness Services Market– How Has Covid Changed Qatar’s Fitness Landscape? Ken Research

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Home exercise complements gym participation rather than competes with it. The digital revenue of homebased fitness services has been around USD 7 Mn in 2020.

1. The impact of COVID-19 on Qatar’s fitness industry - Gyms and fitness centers were forced to close abruptly during the pandemic.

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Facing months with no income from memberships, gyms turned to offering classes online for free, or for a fraction of their regular cost. But with running costs continuing to stay high for many, mounting bills forced closure of many gyms in Qatar in 2020.

There were nearly 15% footfall reduction in the number of gyms as well as about 5% memberships saw cancellation during the pandemic hit.

Membership renewals also saw a dip.  More than 30% of the industry employees were laid off due to COVID with personal trainers switching to freelancing in digital content such as Instagram and Facebook to stay afloat.

2. What Comprehensive prevention measures were adopted by fitness centers in Qatar to stay afloat?

Prevention Measures During Covid

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• Traditional gyms only opened aerobic areas, strength areas and changing rooms. Swimming pool and shower facilities were closed to prevent gathering.

• Stores were equipped with disinfectants, hand sanitizers and forehead thermometers. Floors, fitness equipment and locker keys were disinfected and cleaned in a timely manner

• Stores had adopted an appointment system to control the traffic where all members needed to show a "heath code" and have their temperature taken.

• Ensuring the use of cardio equipment in intervals, keeping safe distance of 2-3 meters in group exercises, and wearing masks throughout exercises were made compulsory.

Measures adopted by fitness industry to bounce back

3. Brick and Mortar fitness centers are facing competition from online weight loss programs owing to growing prominence of social media platforms  

Fitness Centers and Personal Trainers along with Fitness Bloggers are using social media platforms such as Facebook and Instagram to conduct live workshops for the ease and convenience of home workouts thereby leading to higher participation rate.

The number of users present on social media platforms in Qatar are an opportunity for fitness companies to provide useful fitness related engagement in order to convert them into their customers. The shift from offline to free and easily accessible online fitness tutorials are a major trend in the overall fitness industry.

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Qatar Fitness Services Market

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3 Catalysts That Helped the Indian Agritech Industry to Witness a Growth of More Than 80% from 2019 to 2020; Will the Growth Sustain? : Ken Research

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Indian Agri-tech industry revenue to reach more than INR 11,000 Cr by 2025 and witness a CAGR of 32.0% during 2020-2025., as per findings released by Ken Research.

1. Strong Already Existing Infrastructure Sets the Path for The Agritech Market Revenue to Reach Almost INR 11,000 Cr By 2025.

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Agriculture industry in India has been growing over the years but has experienced volatility and fluctuation. The market growth is dependent on various factors such as climatic conditions, productivity of the crop, weed management, pest and disease management. Satisfactory monsoon season in 2017 led to high growth in agriculture produce. Moreover, almost 285 new irrigation projects were undertaken in 2018 to provide irrigation for more than 16 Mn hectares of land.

2. Rising Number of Agritech Startups has been Playing Major Role in the Boom in the Agritech Industry in India; How These Startups Would Shape the Agricultural Setup in the Country?

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Number of Agri-tech startups in India have witnessed a sharp spike from almost 60 in 2014 to ranging 600-700 by the end of 2020, growing at a CAGR of over 47.0%. Nearly, 75% Agri-tech startups have incepted post-2013, with 2015 and 2016 witnessing the emergence of maximum number of players. Moreover, the adoption of Agri-tech solutions among farmers and farmer organizations continues to be low and startups experience long gestation period to develop trust amongst the community. In addition, total 8 Indian states including Delhi, Haryana, Tamil Nadu, etc, are each home to at least 25 Agri-tech startups. Maharashtra and Karnataka together account for almost 50% of the Agri-tech startups in India.

3.  Other Government Policy Support to Improve Agri Export Volumes from India from almost USD 35 Bn by 2020.

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• The Agriculture Export Policy, 2018 was approved by Government of India in December 2018. The new policy aims to increase India’s agricultural exports to almost 100 bn in the next few years with a stable trade policy regime.
• The GoI has come out with the Transport & Marketing Assistance (TMA) scheme to provide financial assistance for transport & marketing of agriculture products in order to boost exports.
• The agriculture reform laws announced by the govt. in 2020 also aim to increase Agri exports by allowing farmers to directly trade with exporters & by exemption exporters from stock limits.

Qatar’s National Tourism Strategy 2030 and the FIFA World Cup: A Game-Changer for Retail, Restaurant, and Hotel Industries — What Does the Future Hold? — Ken Research

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Retail Restaurant and Hotel Industry in Qatar is expected to growth at a robust CAGR of 2.5% and 5.5% respectively in next 5 years, says a report by Ken Research

1. How the FIFA World Cup is Boosting Qatar's Retail Restaurant Market: Opportunities and Challenges.

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• The FIFA World Cup Qatar 2022 has significantly fostered sales of about 400 food and beverage outlets in the areas surrounding the tournament stadiums and fan zones.
• More than 450+ new restaurants were added in Qatar in 2021, with industry reviving post-covid & started preparing for the FIFA World Cup to sustain the influx of domestic & international tourism.
• International Tourists influx has risen to 1.2 Mn registering a growth of over 200% during the World Cup months as compared to the pre covid level of 2017 and 2018.

2. Qatar's National Tourism Strategy 2030: Aims to Draw Over 6 Mn Visitors and Encourage Establishment of New Hotels in the Country.

• Qatar Tourism identified geographical zones based on their location to develop tourism products and services in each of the regions like Al Khor, Dukhan, Al Mashabiya, Al Zubarah, etc.
• Turkish architectural firm Hayri Atak Architectural Design Studio plans to build a floating hotel by 2025 in Qatar. The eco-floating hotel will have 152 rooms and will be designed to reduce energy loss and waste production.
• The Marriott Group will continue to fortify its position as Qatar’s leading hotel operator, with about 8,800 rooms under management by 2025.

3. Social-Media: The Key to Boosting Customer Engagement and Building a Strong Brand Identity for Restaurants.

Restaurants

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• Email updates are one of the easiest ways to enable visitors to recognize each other and fuel return visits. It lets to be in touch with your customers.
• Interaction with clients is very critical in acquiring more customers. Timely response to user queries satisfies your clients and urges them to refer your business point to more people.
• Advertise on platforms such as Facebook, Instagram, YouTube, Twitter, etc. Uploading videos or pictures on social media accounts, demonstrating how food is prepared quickly impresses new customers.
• Loyalty programs encourage shoppers to return to retailers, by offering incentives like special discounts or sales, or free goods or services. The rewards encourage to continue to shop at or use the services.

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Qatar Retail Restaurant Market

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The Road Freight Market in Vietnam is expected to reach VND 276 Trillion by 2025. Will the projections justify the growth rate? : Ken Research

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The Vietnam road freight transport market is expected to grow at a CAGR of 7% due to the developing trade infrastructure and the advantage of the geographic location to Vietnam, says a report by Ken Research

1. “Investment in Infrastructure:” The infrastructure in Vietnam’s Road Freight market has witnessed massive development in the recent years

Recent Trends in Vietnam Road Freight Market

The Ministry of Transport, Vietnam has launched Vietnam Road Administration (VRA), a subordinate administrative agency to administer and supervise the road transportation system. The VRA is continuously working for the management, planning and improvement of the infrastructure through regular up-gradation in the Road Design Standard. By 2030, VRA is planning to invest $14Bn in order to provide a continuous road network in Central Vietnam, through a north-south highway of 1,372km. In 2019, the ministry of Transport ordered the installation of digital toll booths across the expressways nationwide to increase the efficiency of transportation and reduce the waiting time. Setting up monthly payments would help in reducing the informal fee and a 10% decrease in total toll fee.

2. The Value Chain in Vietnam’s Road Freight Market is dominated by Mid Mile Services

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As of 2019, Mid Mile accounts for 37% of all movements within the supply chain while take up 35% to 50% of the total supply chain cost, depending on the distance and inter-state or inter-country permits. Type of Trucks used for Mid Mile are usually Trailer trucks ranging from 10T to more than 20T. The market is growing mainly due to focus on the infrastructure development, specifically the supply chain.

3. Revenue from Road Freight is expected to reach VND 276 Trillion by 2025 from 2 Billion tons of Freight being carried in 2025

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The Road Freight market in Vietnam is expected to generate VND 276 Trillion revenue. As Vietnam develops a major high-capacity, high-speed transport network - North-South Expressway, shortening economic distances across the country, new transport nodes are created as potential candidates for future economic clusters. The Government of Vietnam has laid out a master plan through 2035 to develop the industrial sector, with a national goal to achieve a 12.5% annual growth rate of industrial production value through 2021 to 2025 and 11% from 2026 to 2035.

The Market For Cold Chains In Qatar Is Projected To Expand At A CAGR Of 6.6% By 2026. Will Qatar Uphold This Expectation? : Ken Research

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1. Technological and Warehousing Developments Set to Revolutionize the way Cold Logistics work in Qatar.

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Remote Monitoring System (RMS)

This measures the door opening and temperature fluctuations of a refrigerator. There are two volt free contacts in the door of the refrigerator. These record all opening and closing of the door. The analog signal is converted into a digital signal and is transmitted to a centralized computer. A user can remotely check the conditions. E.g., Vacker is a customizable RMS provider in Qatar.

Warehouse Management System (WMS)

WMS often utilize Auto ID Data Capture (AIDC) technology, such as barcode scanners, mobile computers, and RFID) to efficiently monitor the flow of products. After data collection, there is either batch synchronization, or a real-time wireless transmission to a central database. The database provides useful reports about the status of goods. E.g., Stallion Group, Cluster, LEDD Technologies are some of the providers.

2. In the last several years, Qatar has risen to the top of the Global Innovation Index.

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Under the category of ‘Logistics Performance’, Qatar took rank 29. This rank demonstrates both Qatar’s high performance in this sector and the scope to improve further in enhancing the logistics performance. This can be achieved in the coming years as Qatar continues to diversify and increase its capacity to produce food domestically. The FIFA World Cup 2022 which took place in Qatar, is also contributed towards increasing investments in the overall logistics and cold chain market in the country.

3. Qatar building Freight Master Plan to Establish Modern Infrastructure for the Freight Industry and Control Freight Traffic on Road

• The Ministry of Transport and Communications is building the Qatar Freight Master Plan, which is expected to be finalized by the end of 2022.
• The QFMP aims to establish a modern infrastructure for freight industry across the country.
• The aim is to reduce freight traffic on road congestions. It is also preparing a freight route designing guidebook and setting systems and policies relating to freight, its modes and workhours on well-considered routes.

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Qatar Cold Chain Market

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