Netherlands EV Equipment Market generated over USD 500 Mn in 2022. Will Netherland support the EV Equipment Market growth trajectory? Ken Research

 Buy Now

1.The Netherlands is among the leaders in electric mobility in Europe

The Netherlands is among the leaders in electric mobility in Europe. After Norway, Iceland, and Sweden, the Netherlands has 4th highest Electric Vehicle share in its passenger car fleet. 8.2 percent of the country's car fleet was electric hybrid in 2021, and 2.8 percent was fully electric.

The Netherlands has one of the lowest numbers of EVs per public EV charge point in the world while having the highest number of public chargers installed per capita and per square Kilometer also the cheapest country to charge an EV in Europe the Netherlands, averaging only €2.74 a charge and just over €1 to drive 100kms.

2.Netherlands international electric transport partnerships.

Interested to Know More about this Report:- Request for a sample report

A joint international research and knowledge exchange of 18 member countries. Its goal is to advance electric transport. Countries collaborate on shared projects to better understand and address EV deployment challenges and provide guidance to policy makers.

A partnership between countries, cities/regions, and companies. Its goal is to speed up the shift towards a net-zero emission transport system before 2050. Currently it has 32 members and the Netherlands is an active member of the TDA.

3.Charge Point Operators are responsible for setting up, managing and operating a network of EV charging points for public or private use.

Visit this Link :- Request for custom report

• CPO’s may own the EV chargers or may operate the chargers on behalf of the charge point owners.
• The tasks of a charge point operator can be broken down into two categories:
• Operational – purchasing charge stations, installing hardware and maintaining the network connection.
• Commercial – setting prices for charging infrastructure use and managing the connection to e-mobility service providers.

Market Taxonomy

By Type of Electric Vehicles Vehicle

• 4W
• 2W

By Application

• Public Charging Station
• Home Chargers
• Private Charging Station
• Portable Chargers

By Types of Chargers

• AC Charger- Slow Charger
• DC Charger- Fast Charger

By Type of Charging station

• Private Charging Stations
• Public Charging stations
• Semi-Public Charging Stations
• Fast Charging station

By Application

• 4W

By Geographic Demand

• west
• South
• East
• North

By distribution channels for 4W chargers

• Tender
• Distributors
• Direct sales

Major Players Mentioned in the Report:

• Vattenfall
• Total Energies
• Alfen
• Allego
• Fastned
• New Motion
• Tritium
• EVIT

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

For More Insights On Market Intelligence, Refer to the Link Below: –

Netherlands EV Charging Equipment Market Outlook to 2027

Related Reports by Ken Research: –

India EV Charging Equipment Market Outlook to FY2026

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

UK EV Charging Equipment Market Outlook to 2027

The Global Waste Water Management is poised to become a $500 Mn Market by 2026. Will the projections justify growth? : Ken Research

 Buy Now

The market will be growing at the rate of 5% owing to stringent government regulations, rising urbanization & industrialization levels & environmental concerns, says a report by Ken Research

1.“Increasing government regulations:” With rising cases of pollutants being discharged into water, governments have started taking stricter measures to curb the same thus creating massive opportunity for the waste water management market

Countries all around the globe have enforced strict norms against polluting naturally occurring water bodies & illegal discharge of waste water. As per sources, globally 365 Mn cubic metres of waste water is produced each year.  States such as China, which were severely impacted by air pollution, special laws have been implemented to protect it from the harmful impact of waste water discharge. At the same time, developed states such as US have stringent norms when it comes to drinking water, potable water & waste water, indicating the fact that waste water is taken care of seriously. These countries also have a vast opportunity when it comes to Waste Water Management Market given the laws that have been put into place. Moreover, protection of bio diversity & curbing of pollution at all levels alongside the target of achieving sustainable development goals related to climate change by 2030 is something that has persuaded the international community to take serious steps.

2.“Water reuse in Trend:” Countries are incorporating the trend in order to keep up with the ongoing demand for water supply in industries & other segment

Interested to Know More about this Report, Request for a sample report

Countries are increasing their water reuse capacities between 2009 and 2016; capital expenditure on water reuse is expected to grow at a CAGR of 19% while the global installed capacity of high quality water reuse plants is expected to grow from 28 million cubic meters per day to 79 million cubic meters per day. This in turn has a huge potential for the waste water management market. The following countries are leading the way, Kuwait, Israel, Singapore and Egypt with 91%, 85%, 35% and 32% of its wastewater reuse respectively. The water reuse market still holds huge opportunity in countries like Australia, USA, India and China, where the water recycling rate is less than 20%.

3.The market is expected to register a robust market growth owing to rising urbanization, pollution & government regulations.

Visit this Link :- Request for custom report

The growing awareness programs showing the need of waste management & waste segregation is one of the primary factors driving market growth. The waste water management market is expected to further witness a robust growth reaching a market share of over $ 500 Mn by 2026 as a result of increased urbanization & industrialization, rising environmental concerns & adoption of sustainable waste management practices.

Market Taxonomy

By Provider

• Content Provider
• Service Provider

By Deployment Model

• On-premise
• Cloud

By Course

• Primary and Secondary Education
• Higher Education
• Online Certification and Professional Course
• Test Preparation

By End User

• Academic
• Corporate
• Government

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Target Audience

• E-Learning Companies
• LMS Platforms
• Language Learning Platforms
• Institutes/Colleges
• Schools
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

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

Major Players Mentioned in the Report

• Adobe
• Aptara Inc.
• Articulate Global, LLC
• CERTPOINT
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• D2L Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

For More Insights On Market Intelligence, Refer to the Link Below: –

Global Waste Water Management

Related Reports by Ken Research: –

Egypt E-Learning Market Outlook to 2026
Saudi Arabia E-Learning Market Outlook to 2025

The Global Labelling Machine Industry generated $ 2.5 Mn revenue in 2022- How will the market further shape in future? Ken Research

 Buy Now

The increasing awareness of environmental safety among consumers and the rising adoption of eco-friendly products provide labelers of packing products with immense opportunities.

1. Assessment of impact of covid-19 on the Global Labelling Industry

Strategies adopted by labeling market in covid: Click Here

The labeling machine market was relatively stable during COVID-19, owing to the increasing demand for food and pharmaceutical packaging. The COVID-19 outbreak disrupted the supply chain across various end-user industries such as food and beverage, healthcare, and industrial. The e-commerce retail industry also generated high demand. Strict measures such as lockdowns and social distancing forced buyers and sellers to sell online. Since the onset of the pandemic, private labeling has seen exponential growth. The pandemic caused availability issues for many products, leading many shoppers to switch brands or purchase private-label products as the availability of their usual products was limited. Further, this growth is attributed to the increasing quality and perception of private labels, competitive prices, and the range of products.

2. After-Sales Service Analysis of the Global Labelling Industry.

To Download a Free Sample Report: Click Here

Labelling is an important concept that gives finishing to packaging. Machines designed to carry over the classification purpose are of different varieties as they are made to suit the labeling options of other objects. While there are plenty of labeling machines in the market, most buyers stick to labeling machines made by reputable manufacturers. They guarantee excellent after-sales service, which is important since buyers want to buy labeling machines to last a long time. CTM is one of the world’s renowned manufacturers of labeling equipment. The company offers aftersales service with state-of-the-art technology and “made in the USA” manufacturing standards.

3. High cost associated with labeling machines and coping with trends

Visit this Link: – Request for custom report

Labeling machine installation in small-scale businesses is not affordable, as it requires significant investment costs and trained professionals able to operate the machine. Furthermore, the demand for all-in-one solutions in one machine, like packaging, labeling, and other operations, has raised the cost of machines, which can impact the growth of the market. Another challenge facing the domestic packaging industry is rising production costs in various countries. According to a study by Paper Vietnam, Vietnam's packaging printing industry is growing at an annual rate of 10-15%. As the market for packaging printing continues to grow, so too are the global compliance regulations for ink components. As a result, it has become a more complex and challenging market for formulators to select ingredients to meet such a market and is different from the ingredients that could be a design ink.

Major Players Mentioned in the Report

• Krones AG
• ProMach, Inc.
• Sacmi Imola S.C.
• Salzgitter AG
• Barry-Wehmiller Group, Inc.
• Tetra Laval International S.A.
• M.A. Industria Macchine Automatiche S.p.A
• SIDEL (Tetra Laval Group)
• Accutek Packaging Equipment Companies, Inc.

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

• Labelling Machine Manufacturers
• Labelling Machine Investors
• Labelling Machine Providers
• Labelling Machine Suppliers
• Labelling Machine Components Suppliers
• Allied Industries of Labelling Machines
• Government Ministries and Departments of Engineering Industry
• Labelling Machine Research and Development Companies
• Potential Entrants into Labelling Machine Industry

Time Period Captured in the Report

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

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

Global Labelling Machine Market

Related Report by Ken Research

Global, Middle East, & KSA In-Mold Labeling Market Outlook to 2027F

Decoding the developing trends of the India POCT Market : Ken Research

 Buy Now

The POCT market in India is expanding. In terms of revenue, the India POCT market grew at a positive CAGR between FY'2013 and FY'2018. Medical research and development advances, as well as the recent rise in the frequency of chronic diseases among the Indian population, all contributed to this surge. The demand for POCT devices in the nation has increased as a result of consumers becoming more conscious of their health over time.
In this segment, we will decode the growing trends of the POCT industry in India and discuss them in detail. So, let’s dive in.

1. India POCT market is still in its nascent stage, Demand for home-based healthcare devices and remote patient monitoring has aided to the growth of the market

Request a Call with Expert to know more about the business model

2. Growing trend of automation and modernization of laboratories and hospitals will further lead to future opportunities in the POCT market, leading to increased number of new entrants

3. Currently, Growing awareness, telemedicine, rise in chronic and infectious diseases, and growing healthcare infrastructure are the major factors impacting the growth of India’s POCT Market

4. However, lack of Infrastructure, regulatory challenges, quality control, and data privacy are major reasons which directly affect the India POCT Market

5. But, the Indian government has taken a number of steps to promote the use of Point-of-Care Testing (POCT) devices and to ensure the quality of tests performed by them

Some of the Intelligence Curated by Ken Research in POCT Market Space:

• Europe POCT Devices Market Outlook to 2022 by Geography (Western Europe & Eastern Europe), by Product (Blood Glucose POCT, Infectious POCT, Cardiac POCT, Rapid Coagulation POCT, Blood Gas & Electrolytes POCT, Hematology POCT, Pregnancy POCT, Urinalysis POCT, Cholesterol POCT, Fecal Occult POCT, Hb1Ac POCT & Drugs of Abuse POCT), by Customer Segments (Hospitals & Clinics, Diagnostics Labs & Primary Care Units and Homecare & Patients)
• India Next-Generation Oncology Devices and Solutions Market Outlook to FY’2027 Increasing Prevalence of demand for Oncology Services, Emerging Technologies in Oncology Testing and Treatment and Increasing Disease Awareness to drive the Market
• KSA Medical Devices Market Outlook to 2026 –Driven by increasing prevalence of chronic diseases, growing healthcare awareness and rising healthcare budget in the country
• Global Neuroprosthetics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Output Neural Prosthetics, and Input Neural Prosthetics), Technique (Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation, and Sacral Nerve Stimulation), Application (Motor Neural Prosthetics, Physiological Disorders, and Cognitive Disorders), and Region (North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA))
• Global Immunoassays Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type (Reagents & Kits, Analyzers/Instruments, and Software & Services), Application (Cardiology, Oncology, Autoimmune Diseases, Infectious Diseases, and Others), Technology (Radio immunoassay (RIA), Enzyme Immunoassays (EIA) or Enzyme-Linked Immunosorbent Assays (ELISA), Fluoro immunoassay (FIA), Chemiluminescence Immunoassay(CLIA) and Others), By End User (Hospitals & Clinics, Clinical Laboratories, Pharmaceuticals & Biotech Companies, Blood Banks, Academic Research Centers, and Others) and Regions (North America, Asia Pacific, Europe, Latin America, Middle East and Africa)

To Know more about this Whitepaper, Visit this link:-

India POCT market

3 Developments driving the Global Industrial Packaging Market- Revenues to exceed USD 80 Bn by 2027 says a report by Ken Research

 Buy Now

Global Industrial Packaging Market Ecosystem

Global industrial packaging Market is at a growing stage. It is a highly fragmented market with the presence of many packaging companies. The industrial packaging market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform. Few major global industrial packaging players are WERIT Kunststoffwerke W. Schneider GmbH & Co, Mondi Plc, Greif Inc, Mauser Packaging Solutions, WestRock Company etc.

To Know Further About the Market: Click Here

1. Better packaging solutions by using AI technology is the latest trend in industrial packaging market.

For more information, request a free sample Report

Technological advancement is a key trend gaining popularity in the industrial packaging market. Artificial intelligence is helping firms employ computers and algorithms to produce better packaging solutions. AI is used in inspection, data labeling, recycling products, and various other applications. In April 2022, DHL Supply Chain announced a new on-demand packaging option to its business clients to make shipments more cost-effective and ecologically responsible. The AI-powered Opti Carton technology will aid in the optimization of box filling from a pre-configured set of cartons and even recommend breaking orders into many consignments to make individual shipments more cost-effective or lessen their carbon impact.

2. Increased demand for industrial packaging from chemical and construction industry

The increased production in many industries and trade of products, such as chemicals and petroleum products, have boosted the demand for bulk packaging and crates/totes. Industrial packaging companies cater to various end-use industries, such as building & construction and chemical. The growing trade among countries and the safe transportation of products lead to an increased demand for effective industrial packaging from these industries. The rise in demand from the chemicals and petroleum industries is a major growth driver of the industrial packaging market.

3. Corrugated boxes widely preferred for Industrial Packaging

Visit A link Request for Custom Report

Based on product type, the corrugated boxes segment is projected to be the largest market for industrial packaging. The dominant market position of the segment can be attributed to the increase in the demand for these product type across various applications in food & beverage, pharmaceutical and automotive industries. The increase in the demand for corrugated boxes can be attributed to the rise in the demand for lightweight and convenient packaging solutions.

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

Global Industrial Packaging Market Report

Rising Farmers Income Enables the Global Agriculture Equipment Market to Reach Around USD 250 Bn by 2027: Ken Research

 Buy Now

Global Agriculture Equipment Market Ecosystem

The Global Equipment Market is fragmented and has high intensified competition within industry players. The top ten competitors in the market made up to one third of the total market in 2020. Major players in the market include Deere & Company, AGCO Corporation, Agro Centre ESCORTS and Mahindra are the key players in Global Agriculture Services Market. The market is largely driven by growing awareness about modernized agriculture equipment among people along with the rising income of farmers.

For more information, request a free sample Report

1. Worldwide Growing Population Becomes the Cause to Worry about Food Security; Farm Machinery Comes with Producing More in Less Time.

World population as of 2022 is at around 8 bn, further expected to touch to 9 bn by 2030. Such rapid growth is associated with rising demand for resources such as food and water, energy, and space, as well as better sanitation, education, and better access to healthcare. To maintain balance agriculture equipment aids in the cultivation of more crops in less time and effort, resulting in an increased food supply for the growing population. Consequently, as the worldwide population grows, so does the demand for agricultural equipment, which propels the agriculture equipment market to move ahead. In addition to this Population growth is fastly accelerating, intensifying the pressure on food production. This, in turn, leads to higher food insecurity, more greenhouse gas emissions, and large-scale environmental degradation. Food production, therefore, needs to adapt to accommodate a growing population and a changing climate. Globally, the market is showing substantial traction due to the growing population and the resulting need for improved productivity to meet the food demand.

2. Farmers’ Income Has Doubled Since Last Decade Worldwide: Sets The Path For The Agriculture Equipment Market to Grow Enormously.

Visit A link Request for Custom Report

According to the world bank- Global agricultural productivity and rural income have been increasing in recent years, but there are still significant disparities between regions and within countries. In many low-income countries farmers continue to face challenges such as limited access to credit technologies and markets which can impede their ability to increase their incomes and livelihoods. In addition, climate change and other environmental factors are impacting agricultural production and income, particularly for smallholder farmers who rely on rain-fed agriculture. The report suggests that climate change could reduce global agricultural income by up to 30% by 2080, with the greatest impacts expected in low-income countries.

Overall, while there have been some improvements in farmers’ incomes globally, there is still much work to be done to ensure that all farmers have the resources and support they need to thrive.

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

Global Agriculture Equipment Market

Breaking News: Elkem Makes Waves with Acquisition of VUM

 Buy Now

Elkem, being a major player in the silicon industry, anticipates that the acquisition will generate an estimated annual increase in turnover of approximately NOK 360 Mn: Ken Research

STORY OUTLINE

• Elkem ASA, headquartered in Oslo, Norway, has acquired VUM, a carbon materials producer based in Slovakia.
• The acquisition aims to enhance Elkem's capabilities in specialty markets and provide greater flexibility in the supply chain.
• Elkem's operations are divided into three business divisions: silicon, silicon products, and Carbon Solutions.
• VUM, now known as Elkem Carbon AS, will operate as a wholly-owned subsidiary of Elkem ASA with its existing management.

Elkem ASA, a Norwegian company with its headquarters in Oslo, has successfully finalized the acquisition of VUM, a carbon materials producer located in Slovakia. This strategic transaction is intended to fortify Elkem's competencies and proficiency in highly profitable specialty markets, while simultaneously enhancing the company's supply chain flexibility.

Future Growth Rate of the Global Silicon Metal Market

• By expanding its capacity through the acquisition, Elkem aims to strengthen its market position within the industry. Elkem's operations are organized into three distinct business divisions, namely silicon, silicon products, and Carbon Solutions. In 2022, Elkem achieved a peak revenue of $1.8 Bn.
• VUM, established in 1954 near Ziar nad Hronom, Slovakia, employs around 65 people. It is an independent producer of carbon materials crucial for industrial smelters, including anode paste, electrode paste, ramming paste, and recarburisers, supporting global metal production.
• Elkem aims to enhance efficiency, value proposition, and economies of scale for VUM by offering resources and industry-leading expertise. As both a producer and consumer of carbon solutions, Elkem leverages its strong position to provide superior technical support and high-quality products, enabling customers to enhance electrode management and optimize their processes.

To learn more about this report Download a Free Sample Report

• VUM utilizes rotary kilns furnaces for calcining, enabling versatile processing of various raw materials. Additionally, VUM's research and development efforts will contribute to Elkem's carbon competence center in Norway, enriching its expertise. Slovakia relies predominantly on emissions-free electricity generation, primarily through nuclear and hydropower, serving as the country's primary energy sources.

• Following the successful transaction, VUM will undergo a rebranding process and function as Elkem Carbon AS, a fully-owned subsidiary of Elkem ASA. VUM's existing management will continue to oversee operations under the new name.

In conclusion, Elkem's acquisition of VUM, now Elkem Carbon AS, enhances its position in the carbon materials industry and reinforces its capabilities in specialty markets. This strategic move strengthens Elkem's supply chain flexibility and allows for greater efficiency and value proposition. With its expertise, resources, and technical support, Elkem is well-equipped to meet the evolving needs of customers in the global metal production and industrial smelting sectors.

Major Players Mentioned in the Report:

• Dow
• Cree
• Ferro globe
• Rusal
• Elkem
• Wacker
• Hoshine
• EGA
• Liasa
• Minasligas
• Infineon
• Toshiba
• Wanhua Metal

Visit this Link: – Request for custom report

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

• Silicon Metal Manufacturers
• Emerging and Startup Companies in Silicon Metal
• Different Types of Silicon Metal Research Labs
• Government Ministries and Departments of Minerals
• Government Departments of Electronics
• Ministries and Departments of Paint & Coatings
• Importers and Distributors of Silicon Metal
• Chemical and Metals Market Research & Consulting Firms
• Semiconductor Research and Development Associations
• Investment Banking & Financial Institutes
• PE and VC Firms focused on Chemicals and Metals Industries
• Research & Development Institutes for Silicon Metal Sector
• Silicon Metal Providers
• Silicon Metal Suppliers
• Investors in Silicon Metal Start-ups
• Environmental Regulatory Bodies
• Silicon Metal Distributors
• Potential Entrants into Silicon Industry

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2028

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

Global Silicon Metal Market

Related Reports by Ken Research: –

Global Silicon Metal Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

How the Indian Government is securing the future of the Agricultural Cold Storage Market in India? : Ken Research

Buy Now

The agriculture sector in India has had consistent growth in production levels over time. This production level hasn't been matched appropriately in terms of food storage, which highlights the Indian Agricultural Cold Storage Industry's existing whitespace. Despite being an agricultural nation, India experiences significant food losses per year that range from INR 90,000 to INR 100,000 as a result of inadequate post-harvest management and a lack of adequate cold storage infrastructure.

The government has been developing numerous programs and giving grants to help, along with special preference to the states that are behind in terms of infrastructure, in an effort to foster development in the agricultural cold storage industry. Here is an overview of all those crucial steps taken by the government to level up the agricultural cold storage market in India.

1. Indian agricultural sector is growing due to favourable climatic and demographic conditions which is creating demand for cold storage facilities in the country

2. Setting up cold storage facilities could aid in development of food processing, packaging industries, coupled with increase in farmer’s income

Request a Call with Expert to know more about the business model

3. Indian Government is actively taking initiatives to establish a robust cold chain infrastructure to enhance the farmers’ income by preventing supply chain losses

4. Multiple schemes are implemented on ground to accelerate investment in the cold storage sector

5. Government is also offering support to Cold Storage Industry via Capital Investment Subsidy Scheme, Agricultural Marketing Infrastructure Scheme and Role of NCDC

6. The establishment of Mega Parks is expected to provide a boost to processing & cold storage services.

7. With support from the government and investors, the Indian Agricultural Cold Storage sector looks attractive in the long run

To Know more about this Whitepaper, Visit this link:-

India Agricultural Cold Storage Industry

3 Key Insights From Global Used Vehicle Industry- The Market Is Projected To Exceed $ 2.5 Trillion By 2027; Says A Report By Ken Research

 Buy Now

Global Used Vehicle Market Ecosystem

The Global Used Vehicle market is moderately fragmented with multiple dealers (both organized and unorganized) operating in the industry. Majority of the used vehicles are sourced from vehicle-rental/ leasing companies & auctions.

Direct buying from consumers or individual sellers is another major source.

1. Is the market for Used Vehicle increasing Globally?

For more information, request a free sample Report

There is a significant growth in the used vehicle sales during forecast period majorly due to expected increase in hybrid and electric vehicle sales in coming years which is anticipated to grow by 2027. The conventional used vehicles have also maintained its dominance however, its overall growth during 2022- 2027 is slower as compared to electric vehicles. The demand for used vehicle has increased by a major 46% and will further increase in the future.

2. Focusing on Expanding Digital Presence can be a game changer for used vehicle selling companies

Visit A link Request for Custom Report

Most consumers these days make used vehicle buying decision after searching online which necessitates synchronizing online and showroom experiences and sharing product information, offering sales support & servicing online. Online platforms can introduce an additional service wherein consumers can go through all the used vehicle auctions taking place around them or that are scheduled for the future. At present, there is not much used vehicle content on Tik-Tok and Snapchat. There is an increase in the sales of used trucks for about 35% more since digital presence of vehicle dealers and it is expected to be around 10% more in the future. These platforms are suitable for targeting new customers and will help to increase business opportunities for used vehicle operators.

3. Is Partnerships and Collaborations the right way to future growth of used vehicle industry?

Brand authorized/direct dealership agents as well as large multi-brand outlets can partner with cab aggregators operating in the country such as Uber etc. The used vehicle industry sees majorly Mergers and Acquisitions done through horizontal business contributing to 40%, followed by 22% by conglomerates. There have been more than 30 successful collaborations in form of Joint Ventures in the used vehicle industry. Dealerships can collaborate with mid-size corporates & companies to offer additional discounts of up to 25% to people within that age bracket of 25-60 years if they buy a vehicle using the company’s referral. This collaboration will enable the dealership in generating higher number of leads through the companies, which can ultimately lead to better conversion rates and boost pre-owned vehicle sales.

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

Global Used Vehicle Market

India Luggage and Bags Market revenue has grown close to INR 20 Th Crores in 2019- Which factors will make the industry more lucrative in future? : Ken Research

 Buy Now

Organized players have increased innovations and continue to launch new variants. They offer lifetime warranties on several products, says a report by Ken Research

1. How GST has changed the landscape of Luggage Manufacturers in India?

Click to Read Full Article: India Luggage and Bags Market

Implementation of GST has boosted organized sales of major players. The impact of GST was majorly seen towards the mass / economy segment where Safari Industries has a major presence. The government was responsive by abolishing three quarters of the items and as of today, luggage and bags are subjected to 18% GST rate under consumer durables category. Volatile sales pattern was observed in the initial months, followed by approximately 30-40% increase in terms of sales revenue post GST implementation. GST has also brought changes in the logistics, billing and need for a centralized warehouse for bulk storage of stock therefore, reducing overhead costs for corporate in the long run.

Impact of GST on various Luxury Goods in India

2. India Luggage Market Segmentation by type of wheel and non-wheel-based luggage, 2019.

To learn more about this report Download a Free Sample Report

It has been observed that luggage bags with wheels contributed a massive share of 81.6% in the luggage market of India during 2019 as compared to non-wheeled luggage which accounted for 18.4% share. This has been largely due to rise in preference for luggage with wheels which enable easy movement of bags from one place to another.  Wheeled luggage bags are preferred by multiple travelers because of its high durability, flexibility, convenience, and functionality. On the other hand, the contribution of non-wheel luggage bags has declined over the years.

3. Gauging the impact of travel and tourism in India on luggage and bags industry

Visit this Link: – Request for custom report

It was observed that total number of tourists who visited domestically in all states/UTs of India was evaluated at 1,000 Mn during the year 2013 which expanded to 1,800 Mn in 2018 and is expected to increase in the near future which will tend to enhance the demand for luggage bags among the masses, therefore leading to the overall growth of the luggage market in the country.

Surge in the total number of events and global business meetings have been driving corporate tourism in the country therefore, encouraging Corporate to continuously explore around and spend big over business travel. In addition to that, massive change in the visa policies and increasing availability of direct flights are bridging the gap between countries. Apart from that, the country’s outbound MICE tourism has been growing and is further expected to reach USD 9 Bn by 2025.