Bahrain Car Finance Market Report, Size, Growth, Analysis: Ken Research

 Buy Now

What is the Size of Bahrain car finance market?

Bahrain car finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027.  The car finance market in Bahrain market has witnessed significant growth in recent years, reflecting the country's evolving economic landscape and consumer preferences.

The country's growing economy, increasing urbanization, and rising disposable incomes have led to a higher demand for personal and commercial vehicles. As more individuals and businesses seek car ownership, the need for car financing solutions has surged, driving the market's expansion.

Additionally, Bahrain car finance market is growing due to the availability of competitive interest rates and flexible loan terms offered by various financial institutions.  Also, advancements in technology have streamlined the loan application process, making it more convenient for consumers to access car finance services.

However, the market also faces challenges. Economic fluctuations and changes in regulatory policies can impact consumer sentiment and credit demand, influencing market dynamics. Ensuring proper credit risk assessment and managing non-performing loans are some of the challenges financial institutions face in the car finance market.

Despite the challenges, the Bahrain car finance market benefits from a stable and well-regulated financial environment, strategic location as a regional business hub, and an increasing interest in vehicle ownership.

For more information, request a free sample Report

Bahrain Car Finance Market By Type Of Vehicle

The Bahrain car finance Market segmented by New Car and Used Car.  In the Bahrain car finance market, most dominant segment in the market is the new car segment in 2022.

In Bahrain, consumer preference plays a significant role. In Bahrain, as in many other countries, there is a cultural inclination towards new cars as they are perceived to offer better reliability, advanced features, and the latest technology. New cars are often associated with status and prestige, influencing consumer decisions.

Therefore, dominance of the new car segment can be attributed to consumer preferences, financial incentives, and the perceived value of owning a new vehicle in Bahrain.

Bahrain car finance market by Category of lender

The Bahrain car finance market is segmented by type of lenders into, Bank, NBFC, Captives. Bank have been more dominant in Bahrain car finance market car finance market in 2022.  Due to, Bahrain has a well-established presence in the financial sector with a wide network of branches across the country. This extensive reach makes it convenient for consumers to access car financing services from their local bank branches.

Moreover, banks have a long history of providing various financial services, including loans and credit facilities. Their expertise in handling lending transactions and risk assessment enables them to offer competitive interest rates and flexible loan terms for car financing, attracting a significant number of borrowers.

Visit A link Request for Custom Report

Bahrain Car Finance Market By Region

The Bahrain car finance Market is segmented by Region into North, South, East, West, central. In 2022, north region emerged as the dominant region in the Bahrain car finance market. due to their higher income levels, greater economic development, and larger populations. These factors create an environment for increased car ownership and demand for financing options. Moreover, the presence of established financial institutions and automobile dealerships in these regions further bolstered the growth of the car finance market, solidifying their dominance.

Key Target Audience

• Banks and its Subsidiaries
• NBFCs
• Captive Finance Companies
• Government and Institutions
• Automobile Companies
• Car Dealers
• Government and Institutions
• Existing Car Finance Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Auto mobile Associations

Time Period Captured in the Report:

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

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

Bahrain Car Finance Market

The Global E-Commerce Logistics Market is anticipated to reach US$ 1 Tn industry by 2028: Ken Research

 Buy Now

The Global E-Commerce Logistics market is anticipated to grow at a CAGR of more than ~13% which would result in making it an approximately US$ 1 Tn industry by 2028 as per the findings of Ken Research.

STORY OUTLINE:

• E-commerce growth is a driving force behind the growth and expansion of Global E-commerce Logistics Market.
• Technological advancements such as AI, GPS, IoT, automated trucks and drones are boon for the growth of the Global E-commerce Logistics market.
• Customers demanding fast deliveries also act as a reason behind the growth of the Global E-commerce Logistics Market.
• Globalization accelerating the growth of the Global E-commerce Logistics Market.

A fast-growing industry, Technological advancements, E-commerce growth, and the demand for same-day/fast delivery by customers along with Globalization are the various factors contributing to the growth of the Global E-Commerce Logistics Market. This market is predicted to witness a CAGR of more than ~13% in the next 5 years.

1.E-Commerce growth: a driving force behind the growth and expansion of Global E-Commerce Logistics Market.

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

The growth of E-commerce is a major factor in the growth of E-Commerce Logistics. As more and more people shift towards adopting E-Commerce, this in turn also increases the demand for E-Commerce Logistics for transportation and warehousing purposes

China (with internet users ~73.1% of the population), United States (with internet users ~90.9% of the population), United Kingdom (with internet users 94.8% of the population), Japan (with internet users ~90.2% of the population), and South Korea (with internet users ~96.5% of the total population) are five of the strongest and biggest E-Commerce markets

One thing that is common among these 5 biggest E-commerce markets is that they have a high percentage of internet users. When people spend their time on internet, they also come across various E-commerce sites through which they place their orders. Additionally, Covid-19 also increased the reach of internet and online shopping.

As these markets are constantly expanding, and, since most of the population in various countries have an internet appearance. Thus, it is evident that more and more people are also shifting towards online shopping which naturally fuels the E-commerce logistics market

2.Technological Advancements in the economies: a boon for the growth of the E-commerce Logistics Market:

Technological Advancements such as AI automation, the Internet of Things, Real-Time analytics, GPS, and automated trucks and drones are known to boost the E-Commerce Logistics Market Growth

Artificial Intelligence is used by various global companies such as Coupa, Epicor, LivePerson,  Echo Global Logistics, etc. Epicor has Epicor Digital Assitant which helps user to interact with their enterprise resource planning systems. LivePerson uses AI in the form of a messaging platform. What makes this AI-enabled messaging platform different is that it gives B2B, B2C, HR, ITSM related solutions to various businesses. Echo Global Logistics uses AI to primarily automate carrier management and to work out shipping rates.

A global leader, Amazon, is a perfect example of the application of GPS technology in the logistics market. It uses GPS technology when it comes to delivering packages so that they reach the right location. Not only limited to that, GPS technology also helps Amazon in scheduling packages as to know which should be delivered first and in what sequence that helps in maximization resource utilization and cost minimization.

Just like AI, IoT technology is also used by many global companies within the logistics companies such as Maersk, Nippon Express, DB Schenker, DHL, etc

Maersk uses their special refrigerator-containers. This way they are not only tracking their routes but can also control the atmosphere inside the containers. DHL on the other hand uses IoT technology to manage their supply chain to get a better idea of their inbound and outbound logistics. Nippon Express partnered with Intel to develop an IoT (which is known as Global Cargo Watcher Advance) to track all of their shipments that demand quality control throughout.

Global logistics companies such as TuSimple, DHL, Kodiack Robotics, and Amazon, are known for using Automated Trucks and Drones. The trucks of these companies are equipped with radars and sensors through which they can communicate to other vehicles and can follow the pre-defined routes with pre-defined speeds.

3.Customers’ demands for having same-day delivery or the fastest possible delivery: a major reason for the growth of the global E-commerce logistics market:

Visit this Link :- Request for custom report

Customers demanding same-day delivery also play an important role in the growth of the global E-commerce logistics market. Global logistics companies such as FedEx, Amazon, United Parcel Service, DHL, UberRush, Stuart Delivery, etc. are known for providing fast deliveries and thereby accelerating the global e-commerce logistics market.

FMCG products such as Groceries, over-the-counter medicines, packaged foods, cosmetics, etc are some of the fast-moving products in the logistics market.

FedEx typically is known for delivering products between 1 to 3 business days, Amazon generally ships the orders anywhere between 1 to 2 days, DHL is known to deliver packages ranging from approximately 2 to 14 days, UPS at times delivers on the same day and within several days.

4.Globalization: Making the Global E-commerce Logistics market not only easy but better also:

It is needless to say how does Globalization contributes in the growth of Global E-Commerce Logistics Market. Nowadays, more and more businesses are going global to have wide reach in terms of global customers and compete with international competitors. This in turn, also increases the demand for the global E-commerce Logistics to ensure that the packages are delivered to customers in every corner of the world.

Some of the countries that are leading the Globalization index include Switzerland (with a globalization index of ~90.6), New Zealand (with a globalization index of ~89.0), Singapore (with a globalization index of ~83.2), Israel (with a globalization index of ~76.2), and Japan (with a globalization index of ~75.3).

With the advent of Globalization, the demand for cross border logistics has drastically increased which significantly has given a rise in the growth of Global E-Commerce Logistics Market because when businesses go global, they also have wide reach and global customers, and to deliver their packages in different parts of the world, a business needs requires E-commerce Logistics. Thus, globalization accelerates the growth of Global E-commerce market.

CONCLUSION

As per this research, there are many growth drivers of Global E-commerce Logistics Market. The growth of E-commerce, Technological advancements, Globalization and customers demanding fast delivery are some of the major factors that contribute towards the growth and expansion of Global E-commerce Logistics market. With all of these factors, it is anticipated, that the Global E-commerce Logistics Market is predicted to soon become a US$ 1 Tn. Industry by 2028.

Egypt’s Logistics Market Expecting to reach ~35bn USD by 2026F: Ken Research

 Buy Now

The Egypt Logistics Industry recorded a positive CAGR of 10.3% between 2017 and 2021 owing to Logistics Infrastructure Development in the country due to various encouraging factors lined up in the development of the sector as per the report by Ken Research.

Click to Read Full Article: Egypt Logistics Market

As Cairo being the busiest airport in whole of Africa and also great road and port facilities, Egypt has a vibrant range of infrastructure, which helps in the smooth flow of goods. Its Logistics Industry is expected to grow at a CAGR of ~7.5% based on revenue between 2021 and 2026F. In the FY 2020/21 budget the government allocated LE244.7bn ($15.5bn) to the transport sector – more than doubling the previous fiscal year’s sector budget. The increase in public spending went to improve infrastructure, road networks, and tunnels and transport networks.

To learn more about this report Download a Free Sample Report

1. Major Growth Drivers Are the Initiative of Government in Logistic Sector

Government of Egypt is taking initiatives to flourish logistic markets. The development strategy of each corridor composed of roads, seaports, airports, inland waterways reinforces connectivity linking major cities inside and outside of the country.

• In August 2014, the "National Roads Project" was launched aiming to create new roads of 3,300 km length with a total cost of about E£36 bn. The Ministry of Transport represented by the General Authority for Roads, Bridges and Land Transport is executing about 1,300 km at a cost of E£17 bn. The Ministry of Housing represented by the Central Agency for Reconstruction is executing another 800 km. The two organizations are funded from NIB. Under the 10-year transport modernization plan, 30,000 km of new and developed roads are set to be completed by the end of 2024. Additionally, in 2020 the MoT stated that $8.3bn had been budgeted to build 1000 bridges and tunnels by 2024, with around 60% of projects completed at the time of the announcement. This will lead to the growth of market in Egypt.

• To ease pressure and help support the tourism sector, construction of a fourth terminal at the Cairo International Airport was announced in 2019, which will increase annual capacity to 20m

• Two new airports were inaugurated in 2020 to serve the Greater Cairo area: Sphinx International Airport in Giza and the Capital International Airport near the NAC.

• As part of Egypt Vision 2030 and its focus on infrastructure, the government plans to increase port capacity from 120m tonnesin 2016 to 370m tons by 2030.

• A $10bn mega-project is under way to expand the Suez Canal – including extending a second channel and enlarging 30 km of the canal by 40 meters–, which is expected to increase its capacity to 97 ships per day and raise revenue to $13bn 

2. Growth Drivers of Various Segments of Logistic Market

Express & Parcel and Warehousing Markets are high growth segments based on their CAGR:  Various corridors and multilevel hubs are driving the growth of overall logistics market in Egypt. As per the 2021-2026F, the CAGR of warehousing and Express & courier market is increasing due to reasons such as Introduction of connected 3D printing. Government initiated Vision 2030 to create an efficient, competitive and environmentally friendly logistics system.

• Freight forward market growth: Development of Multimodal Freight Logistics Hubs will connect various freight forward transport modes at strategic transport nodes. Freight transport will majorly continue through the Suez Canal.

• VAS market growth: The increasing value of exports & imports leads to more complex custom clearance procedures in Egypt, thus driving up the demand for Value Added Services in the country and also in warehousing.

• Warehouse logistic market growth: Many are near major trading hubs resulting in the growth of the market. Warehouse Management Systems and automated processes. The Suez Canal EZ and Golden Triangle EZ are expected to be completed which will further bolster growth of warehousing market. Other reasons being usage of Custom warehouses where goods can be stored without VAT. Also Booming E-Commerce, Increasing Cold Chain Capacity and High demand for built-to-suit and automated warehouses in Cairo, Alexandria and near the Suez Canal.

• Courier express and parcel market: Development of Custom warehousing can help simplify export and import processesby lowering the advance income tax burden. Egypt will see a tremendous growth in e-commerce platforms and Facebook online shopping channels in the coming years.

Others sectors:

• Increased Utilization and Reduction in Idle time of the vehicles due to Machine learning and AIis assisting fleet owners in planning optimal routes for their vehicles
• Industry is witnessing increase in number of new players and existing players like CSC, DB Schenker resulting in the growth of logistic market in Egypt.

Conclusion:

According to the report of Ken Research, Egypt’s Logistic market is expected growth till 2026F because of the mixed efforts of the government and business investors and owners. Initiative taken by the government led attraction from international business to improve the logistics simultaneously. Egypt’s geographical and demographic structure gives benefits to the market ,taking example of Suez canal and its improved ports and fleet. Digitalization and AI is also giving a helping hand by developing the freight forward and warehousing markets. Egypt’s logistic market is growing and is expected to grow further by 2026F.

Exploring the future of Istanbul’s restaurants Industry: How will the online-savvy population and government support impact the dining scene? : Ken Research

 Buy Now

Customers that visit restaurants in Turkey most frequently go to Istanbul. Istanbul also draws a significant amount of domestic travelers and population emigration. With nations like Germany, Iran, and Russia leading the way in terms of the percentage of tourists visiting Turkey, Istanbul is the destination of choice for tourists from Western Asia and Europe. However, the industry faced a decline in growth due to the rise in COVID-19 cases. Here is a glimpse to how the restaurant industry in Istanbul is planning to get back into the race. Let’s dive in.

1. Given the backdrop of the highest population and massive flow of tourists, Istanbul contributes the highest share to the restaurants industry in Turkey

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

2. However, the restrictions imposed during different phases of COVID-19 jeopardized the future of 100,000+ restaurants & cafes operating across Turkey

3. While certain restaurants suffered due to operational restrictions, few restaurants leveraged on D2C ‘retail sales’ of their food ingredients and diversified business segments

4. Subsequent waves and variants of COVID-19 coupled with fast pace of vaccination have prompted businesses, customers and government to “learn to live” and strategize accordingly

5. The fear of the virus still looms yet support from the government fostered confidence and provided a cushion to industry participants

6. The growth of the Restaurant Industry in Istanbul is further expected to be shaped by changing customer behavior to becoming online savvy & focus on alternate channels of revenue by businesses

Some of the Intelligence Curated by Ken Research in Restaurant Industry Space:

• • Qatar Retail Restaurant Industry Outlook to 2027 Driven by Increased Tourism Due to FIFA World Cup, Government Initiatives and Growing Trend of Online Food Delivery
  • India Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
  • China Catering Market Outlook 2027F driven by increasing demand & innovative business Model
  • Australia Catering Services Market Outlook To 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
  • Kuwait Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering

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

Istanbul Restaurant Market

Brazil Car Finance Market Size, Share, Outlook to 2027: Ken Research

 What Is The Size Of Brazil Car Finance Market?

Brazil car finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD by Mn 2027.

Brazil is one of the largest economies in Latin America, and its automotive industry has been a vital contributor to economic development. As the middle class expands and disposable incomes rise, more people are aspiring to own cars, creating a surge in car sales. However, the high cost of purchasing a car outright has led many consumers to opt for car financing as a more accessible way to own a vehicle.

The Brazilian government has also played a role in promoting car finance by implementing policies to stimulate vehicle sales. In the past, there have been tax incentives and lower interest rates on car loans to encourage consumers to buy cars and support the automotive industry.

To learn more about this report Download a Free Sample Report

Financial institutions in Brazil have been proactive in offering a wide range of car financing options to cater to diverse customer needs. Banks, credit unions, and specialized automotive finance companies provide various loan terms, down payment options, and interest rates, making car financing more attractive and affordable for consumers.

Additionally, the rise of digitalization and fintech innovations in the financial sector has transformed the car finance landscape in Brazil. The Brazil car finance market has seen significant growth due to increasing consumer demand for cars, the expansion of the middle class, supportive government policies, and a range of financing options offered by financial institutions. Therefore, The market is expected to continue to evolve.

Brazil Car Finance Market By Type Of Vehicle

The Brazil car finance market car finance Market segmented by New Car and Used Car.

 In the Brazil car finance market, most dominant segment in the market is the old car segment in 2022.

The high import taxes and production costs associated with new cars made them relatively expensive, making it more financially feasible for many consumers to opt for used cars instead.

Additionally, the availability of a wide range of used car models and brands in the market gave consumers a diverse selection to choose from, catering to various budget constraints and preferences. With used cars offering a more affordable option for vehicle ownership, they became a popular choice for a large segment of the population.

Visit this Link: – Request for custom report

Brazil Car Finance Market By Category Of Lender

The Brazil car finance market is segmented by type of lenders into, NBFCs, Banks and OEMs

Banks have been more dominant in Brazil car finance market car finance market 2022.

Due to their well-established presence, extensive branch networks, and diverse financial products and services. They offer competitive interest rates, flexible loan terms, and a wide range of financing options, making them the preferred choice for consumers seeking car loans. The banking sector's credibility and reliability provide consumers with confidence in their car financing decisions, contributing to the dominance of banks in the car finance market.

Brazil Car Finance Market By Region

The Brazil car finance market is segmented by Region into North, South, East, West, central.

In 2022, south region, emerged as the dominant region in the Brazil car finance market car finance market.

In 2022, the Southeast region, specifically São Paulo, has been the primary hub for car manufacturing, the South region, including states like Rio Grande do Sul and Santa Catarina, played a crucial role in car finance.

The South region has a strong economy, a well-developed financial sector, and a relatively high standard of living compared to other regions in Brazil. This economic strength has contributed to higher disposable incomes and increased consumer demand for cars. As a result, car financing became an essential part of the vehicle purchasing process for many consumers in the South.

Competition Scenario In Brazil Car Finance Market

The car finance market in Brazil was highly competitive, with various players vying for market share. Major banks, including Banco Bradesco, Banco do Brasil, and Itaú Unibanco, were dominant participants, leveraging their extensive branch networks and diverse financial products to offer competitive car financing options.

Additionally, specialized automotive finance companies such as Banco Pan and Banco Santander Brasil were active in the market, providing tailored financing solutions. The competition was driven by increasing consumer demand for cars, favorable economic conditions, and the need for attractive loan terms and interest rates to attract customers in a price-sensitive market.

Request free 30 minutes analyst call

What Is The Expected Future Outlook For The Overall Brazil Car Finance Market?

The Brazil car finance market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027.

The market is expected to continue growing, driven by factors such as an expanding middle class, increasing disposable incomes, and rising consumer demand for vehicles.

Innovations in digitalization and fintech are likely to shape the car finance landscape in Brazil. Online platforms and mobile applications are streamlining the loan application process, making it more convenient for consumers to access financing options. Fintech startups may disrupt traditional lending practices by offering innovative solutions and appealing to tech-savvy customers seeking faster and more accessible financing options.

However, the car finance market also faces challenges. Economic uncertainties, inflation, and fluctuating interest rates could impact consumer spending and borrowing behavior, potentially affecting car sales and financing decisions.

Moreover, environmental concerns and government policies promoting sustainable transportation could present challenges and opportunities in the car finance market.

 The shift towards electric vehicles (EVs) may require specialized financing options and adjustments in loan terms to accommodate the unique characteristics of EV ownership.

Overall, the Brazil car finance market is poised for growth with continued innovations in digital lending and increasing consumer interest in vehicle ownership driven by factors such as increasing consumer demand for cars, innovations in digitalization and fintech, and the rising middle class. The adoption of digital lending platforms and fintech solutions is likely to enhance customer convenience and accessibility to financing options.

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

Brazil Car Finance Market Outlook to 2027F

Related Reports By Ken Research:-

Mexico Car Finance Market Outlook 2027F

Oman Car Finance Market Outlook to 2027F

Australia Car Finance Market Outlook to 2028F

Brazil Mattress Market Size, Growth, Outlook to 2027: Ken Research

 What Is The Size Of Brazil Mattress Market?

Brazil mattress Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Mn by 2027.

The Brazil mattress market is growing due to economic recovery, rising consumer awareness of sleep health, and technological innovations. The advantages of increased disposable incomes, urbanization, and online retail channels further contribute to the market's expansion.

And the growing awareness of the importance of sleep health and well-being is a significant growth driver. Brazilian consumers are becoming more conscious of the impact of quality sleep on their overall health and productivity, prompting them to seek high-quality mattresses that provide better support and comfort.

Innovations in mattress technology have played a crucial role in the growth of the market. Manufacturers are continuously introducing new materials and designs that cater to consumers' evolving preferences.

To learn more about this report Download a Free Sample Report

Advanced innovations include memory foam mattresses, which contour to the body, providing personalized support, and orthopedic mattresses designed to promote spinal alignment.

Additionally, the growing trend of urbanization and home ownership is expected to drive the demand for mattresses, contributing to the market's expansion.

Despite challenges, the focus on product innovation and meeting consumer demands has made market future ready.

Brazil Mattress Market By End User

The Brazil mattress market is segmented by Household, Healthcare, Hospitality.

In the Brazil mattress market, most dominant segment in the market is the Household segment in 2022.

Specifically the household segment represents the general population, including individuals and families across various income levels.

As the economy improves and disposable incomes rise, more households are able to invest in better-quality mattresses for improved sleep comfort and overall well-being.

While the healthcare and hospitality segments also contribute to the mattress market, they are comparatively smaller in scale. The healthcare segment involves the demand for specialized mattresses for medical facilities and patients with specific health requirements.

Visit this Link: – Request for custom report

Brazil Mattress Market By Type Of Mattresses

The Brazil mattress market is segmented by type of mattresses into Spring mattresses, Pocket Spring mattresses, Bonell Spring mattresses.

Pocket Spring mattresses are the most dominant type of mattresses in Brazil market in 2022.

This is due to, these mattresses have gained popularity due to their superior comfort and support features, making them an attractive option for consumers seeking a better sleep experience. The individual pocketed coil system offers targeted support to different body areas, reducing pressure points and enhancing overall comfort.

Therefore, as consumers become more conscious of sleep quality and comfort, the demand for advanced mattresses like Pocket Spring is expected to rise and secure a dominant position in the Brazil mattress market.

Brazil Mattress Market By Region

The Brazil mattress market is segmented by Region into North, South, East, West.

In 2022, Southeast region emerged as the dominant region in the Brazil mattress market. This is due to that, the Southeast region is the economic powerhouse of Brazil, with a concentration of industries, businesses, and higher-income households. As a result, the region experiences a higher demand for home furnishings, including mattresses, driven by rising disposable incomes and consumer preferences for better-quality products.

Competition Scenario In Brazil Mattress Market

The Brazil mattress market in is a highly competitive landscape, driven by the market share in the market, these companies operate at both national and international levels, offering a diverse range of products and catering to different segments of the market.

In addition to these established players, the Brazil mattress market also features regional and local manufacturers that cater to specific consumer preferences and price points. These players often focus on affordability and customization to attract budget-conscious customers.

Therefore, the Brazil mattress market is in strong competition, featuring prominent national and international players, as well as regional and local manufacturers. Companies compete based on product quality, innovation, pricing, and brand reputation. As the market evolves, players will need to adapt to changing consumer demands and preferences while leveraging technology and effective marketing to maintain their positions.

Request free 30 minutes analyst call

What Is The Expected Future Outlook For The Overall Brazil Mattress Market?

The Brazil mattress market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027.

The Brazil mattress market is driven by like urbanization, a growing population, and a rise in home ownership will contribute to the expansion of the housing sector, leading to higher demand for mattresses.

However, Consumers are becoming more conscious of the impact of quality sleep on their overall health, leading to a greater willingness to invest in premium and technologically advanced mattresses.

As a result, there is a growing preference for orthopedic and memory foam mattresses, further boosting market revenue.

Moreover, the expansion of e-commerce and online retail channels in Brazil presents a significant advantage for the mattress market. The convenience of online shopping allows consumers to explore a wide range of mattress options and make informed decisions.

Online retail also enables manufacturers to reach a larger audience, including customers in remote areas, fostering market growth.

Despite these positive aspects, the Brazil mattress market will encounter certain challenges. The presence of unorganized and local mattress manufacturers may lead to price competition, affecting the sales of branded mattresses.

Economic fluctuations and currency exchange rates could impact the cost of raw materials and imported mattresses, influencing market dynamics.

Furthermore, sustainability and eco-consciousness are expected to play a crucial role in shaping the market's future. Consumers are becoming more environmentally aware, driving the demand for mattresses made from organic and recyclable materials.

Therefore, the future of the overall Brazil mattress market appears promising, with economic recovery, population growth, and increased consumer awareness of sleep health driving market expansion.

While challenges exist, such as local competition and economic uncertainties, opportunities for growth lie in technological innovations and sustainable practices.

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

Brazil Mattress Market Outlook To 2027F

Related Reports By Ken Research:-

Oman Mattress Market Outlook to 2027F

Germany Mattress Market Outlook to 2027F

China Mattress Market Outlook to 2027F

Malaysia Automotive Finance market is expected to grow at 3% By 2026: Ken Research

 Buy Now

The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% to Malaysia's GDP.

Story outline

• Increasing middle-class population with higher disposable income drives automotive finance industry
• Malaysia's number of vehicle finance population reached~ 33.3 million, emphasizing the importance of personal transportation.
• Affordable car ownership facilitated by low interest rates stimulates market demand in Malaysia.

1.Rising population of middle class in Malaysia

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

Malaysia having the total no. of population is around~ 32.2 million in year 2022 , with the growth rate of 1.09%  rising population every year.

The  group of people belongs to Middle class is about  40% in malaysia , earning the average salary of about  between RM 4,851 to RM 10,970 ( 1,485 dollars ) per month.

As per the expansion of the population in the country , the need for transportation has resulted in high demand for vehicles. And Malaysians' rising income levels have improved their spending power, driving up demand for cars. As a result, people seek financial aid to buy automobiles and realize their dream of owning a car, which in turn increases demand for automotive loans.

2.Growing no. of vehicles in Malaysia automotive industry

There are now more vehicles on the road than humans in Malaysia, with the growth rate of outpacing human population for the first time.

In Malaysia, the number of vehicles on roads grow from 15.2 million in 2019 to 17.3 million in 2021. With having the current population of 32.2mn, in Malaysia the number of the vehicle on roads grows up to by one million every year.

The automotive sales market in Malaysia, with its approximately 33 million inhabitants. Surprisingly, the Malaysian automotive market grew by more than 40 percent this year after it had declined for two years in a row due to the COVID-19 pandemic. However, it is unlikely that Malaysia would take over the other two ASEAN countries with much larger automotive markets.

With the growing demand for car, the auto finance market is expected to grow in the future.

3.Low interest rate on purchasing car in Malaysia

As Malaysia witness the rapid growth in the rise of middle class population in the country and increasing no. of vehicle in the country leads to the low interest rate for purchasing the car in the country.

Visit this Link :- Request for custom report

According to KEN RESEARCH , Malaysia Auto-finance Market is estimated to grow at a positive CAGR of ~3% in next 5 year, due to increasing demand for car and rising middle class population.

 4.Government Support and Initiatives in automotive industry

The automotive industry contributes just 4% to the country’s gross domestic product (GDP) currently. The government of Malaysia has launched The National automotive policy(‘NAP2020’). Under the NAP 2020, the government is targeting to grow that to 10% of GDP by 2030.

Malaysia Introduces Enhanced Auto Industry Incentives to Encourage Expansion among Local Firms, the government, through the Malaysian Investment Development Authority (MIDA), has evaluated and approved tax incentives valued at MYR 4.6 billion (USD 1.12 billion) involving 13 automotive projects since 2014. The extended and enhanced incentive is currently opened for application until 1 December 2025.

Thus, these government policies are helping the automotive industry in Malaysia.

conclusion

The rise of the middle class, an increase in the number of automotive finances, and government providing all contribution to the expansion of the automotive financing sector in Malaysia in recent years. Demand has been spurred by rising disposable income and middle-class desires to buy cars, while low interest rates have reduced the cost of auto ownership. The government's actions and policies will allow the automotive sector to flourish even more, which will help Malaysia's economy succeed.

ePLDT – The Company Behind Transformation of the Philippines Data Center Market: Ken Research

 Buy Now

ePLDT (Philippines Long Distance Telephone Company) is the ruler of fully integrated telecommunications and digital services in the Philippines with a significant market share. To expand its market share even more the company is all set to launch its 12^th data center facility in the country.

STORY OUTLINE

• ePDLT is the largest player in the Philippines data market center with a total of 10 data centers throughout the country. And with the 11^th facility that’s going to be functional by 2024.
• In addition to that the company has announced its 12^th and largest data center in the country with a capacity of 100 MW.
• ePDLT is the leading company in the data center market of the Philippines with a revenue of 214 Mn that’s around more than half of the market share.

ePLDT Leading Player in the Philippines Data Center Market

Click here to know more about Philippines data center

According to Ken Research, ePLDT is the main provider of digital transformation services to Philippine businesses. Through its portfolio of Multi-Cloud and Data Centers, ePLDT intends to supply customized ICT services that will help businesses realize their vision for digital transformation by using the knowledge and top-tier telecommunications infrastructure of the PLDT Group.

• ePLDT is a subsidiary company of the Philippine Long Distance Telephone Company (PLDT).
• Supported by the Top-notch telecommunication infrastructure, experience, and expertise of the PDLT group, ePDLT aims to boost the Philippines’ economic growth by assisting local businesses to embrace digitalization through different data center solutions and innovative cloud.

The company was launched in the year 2001, Currently the company has a strength of 7000 employees all over the Philippines.

1. ePLDT has emerged as the leading firm in the Philippines data center market since its launch

ePLDT has the highest number of data centers in the Philippines. As of now, the company has a total of 10 data centers all over the country.

To learn more about this report Download a Free Sample Report

• ePLDT’s President & CEO Victor S. Genuino has recently announced that the company is going to open a 12^th data center facility in the country.
• Genuino conveyed that its 12^th data center will have a capacity of 100MW. Through this new center, the company aims to increase its market share.

Visit this Link: – Request for custom report

2. By identifying the potential trends and strategies of the market, ePLDT emerged as a leading player

• ePLDT recognized the developing demand for data center services within the Philippines and entered the market at the correct time (2001), it picked up a competitive advantage over other companies.
• Building solid associations with worldwide data center suppliers or technology companies permitted a local firm like ePLDT to get to advanced innovations, framework, and best hones, hence improving its data center offerings.
• ePLDT contributed altogether to growing its data center infrastructure to meet the increasing demands of businesses for dependable and secure data capacity and handling solutions.

3. Support of PLDT (Its parent Company), enabled ePLDT to face market changes and obstacles

Continuous backing from the PLDT helped ePLDT to achieve its aims and objectives. As a result, ePLDT is the largest shareholder in the data center market with a 65% market share.

• With support from PDLT, ePDLT has managed to surpass its competitors like Globe Telecom, Total Information Management, PHOCOLO, and Beeinfotech.

• At the moment, it owns 10 globally certified VITRO data centers all over the Philippines and provides a total rack capacity of around 10000.

4. Competitive edge over its rivals

Out of a total of 26 data centers in the country 10 are owned by ePDLT. This shows the monopoly of ePLDT in the data center market.

• A total of 10 companies are active in the Philippines data center market but none has a base as strong as ePDLT.
• Currently, ePDLT has holds a major portion of the market value of data center which is around 65% of the total market.

CONCLUSION

ePLDT, as a subsidiary of the Philippine Long Distance Telephone Company (PLDT), has risen as the overwhelming player within the Philippines data center market over the years. By capitalizing on the developing demand for data center administrations and entering the market at the correct time, ePLDT secured a competitive advantage. The company's key associations with worldwide data center suppliers and the backing of PLDT empowered it to access advanced innovations and extend its data center framework, meeting the expanding needs of businesses for dependable and secure data capacity solutions.

With its broad portfolio of Multi-Cloud and Data Centers, ePLDT has gotten to be a key supplier of digital transformation services to Philippine businesses. Owning the highest number of data centers within the country and a showcase share of 65%, ePLDT holds a commanding position within the industry, altogether outperforming its competitors. As the company plans to dispatch its 12th data center office, ePLDT's commitment to development and customer-centric solutions is anticipated to assist strengthen its market authority and continue driving the Philippines' economic development through digitalization.

Indonesia’s Auto Finance Industry is expected to reach US$ 54 Bn by 2026 : Ken Research

 Buy Now

Indonesia’s auto finance Industry is steered through adoption of modified vehicle ownership attributes, monetary policies, surging automotive demand, and an assured future for e-vehicles. The market is bounteous with players like Mitsubishi Lease and Finance, Suzuki Finance Indonesia, Toyota Astra Finance, Daihatsu, Honda, and many more.

Story Outline

• Constant economic growth of Indonesia leading to higher disposable income and consumer spending.
• Due to high inflation rate of 4% and average annual income of 9870 USD, people of Indonesia are considering buying Auto financed Used cars to satisfy their need for a personal vehicle.
• The current Internet Penetration rate of Indonesia with 234 million current active users is helping car dealers in getting potential buyers on board.
• EV market is ready to explode and be the future of the Automobile industry, with government support, having more than 22% of world’s nickel deposits and Indonesia’s auto Finance Industry which will make E- Vehicles an easy option for customers to consider while buying Automobile

The Indonesia’s auto finance Industry, which is growing at an estimated  CAGR of 5-7% every year, is being driven by expanding digital advancements and an increase in finance aggregators. Indonesia's economy, which had a GDP of USD 1.19 Tn as of FY21 and a population of 277.43 million, grew at a CAGR of 4.3% from FY12 to FY22.

1. Consistent economic growth leading to high consumer spending benefitting Indonesia's Auto Finance Industry.

For more information, request a free sample Report

The statistics here show the year-to-year GDP growth of Indonesia. As compared to 2021, the GDP of Indonesia grew by 5.31% in 2022. Indonesia continuous economic growth has led to upsurge in consumer spending and higher disposable incomes. As a result, Indonesia’s Automotive Finance Industry is showing promising growth.

As the population of Indonesia is constantly growing with approx. 277.43 Mn current population, which is leading to increased demand for personal vehicle. Indonesia’s Auto Finance Industry is providing an affordable and hassle-free solution to this rise in demand for personal vehicles.

Indonesia is the 15^th largest country by total area and has the 4^th largest population in the world. The Industrial sector is the largest contributor to Indonesia's GDP, between 2022-2023 the industrial sector of Indonesia contributed around 45% to its GDP.

As a result of this rapid population growth, the Indonesian automotive finance industry is expanding consistently at an estimated rate of 5-7% every year.

2. Used car market attracting more audience, providing affordable an option to consumers.

Click here: To know more about Indonesia's vehicle market

The stats show the total number of vehicles sold in Indonesia from 2013-2022. Total vehicles sold in 2021 were 887,206. Out of these total vehicles sold in 2021 it is noted that 51% of these were new ones and 49% used vehicles were sold.

The inflation rate in Indonesia for 2022 was 4.3% and as of June it was calculated 4%. Also, the average annual income of Indonesia is around 9870 USD as of May 2023; these factors are the reason that people of Indonesia are considering to buy an used vehicle through auto financing to satisfy their need for a personal vehicle.

Nowadays, Automotive Financing is not only confined to only new vehicles; it also encompasses the financing of pre-owned cars, which attracts a different segment of buyers. People along with combining the benefits of auto finance options find it affordable to buy used vehicles to satisfy their need of a personal vehicle.

3. High internet penetration rate helping car dealers to find potential buyers.

Visit A link Request for Custom Report

The number of internet users in Indonesia was projected to grow steadily by around 37 million users (16 percent) between 2023 and 2028. The current number of active users are 234 million and in 2028 total users are estimated to be 270 million. It is worth noting that the number of Internet users has grown steadily in recent years.

An estimated 36% of car dealers report that they focus exclusively on the Internet and online advertising for their vehicles. In addition, social media is also a tool that many individuals and car dealers are exploring. About 9% of dealers use Facebook and Instagram to promote their car inventory and connect with potential buyers.

The emergence of online car classifieds portals like Carmudi, Mobil88 and OLX has simplified the used car industry in the country. The market is more transparent and buyers have a wide range of brands and models to choose from in the comfort of their own home.

4. Is it all? No. Indonesia's is ready to explode in coming years, with government support and nickel abundance.

Click to read full article: Indonesia EV Market

Indonesia's EV market is valued at approx. $533.19 million in 2022. The size of the electric vehicle market is planned to grow at a considerate level, with the help of Auto Financing option People are finding it easy to buy vehicles in their budget with easy auto financing options.

With more than 22% of the world's nickel deposits Indonesia becomes the largest nickel producing country in the world by producing 8,00,000 tons of nickel in 2019. The largest nickel production sites are located in provinces of Central Sulawesi, Southeast Sulawesi, North Maluku, Kalimantian and Papua

Indonesia has created an ideal investment environment for electric car manufacturers. Indonesia's electric vehicle industry has been included in the government's latest priority investment list. Advantages such as share ownership and many tax incentives attract investors from all over the world.

Increase in demand of EV will help Indonesia Financial Industry to grow at a major level as environmental awareness is increasing day by day among people and buying an EV vehicle for an average salaried employee will be difficult which will directly make people switch to Auto Finance option.

Conclusion

Consistent economic growth, high internet penetration rate, growth of used vehicle consumer, and EV Market; is helping the Indonesia Auto Finance Industry to bloom and the industry is helping consumers to satisfy their personal vehicle need with affordable options. With a growing estimated CAGR of 5-7% every year; Indonesia auto finance market still needs to take care of constant rise in GDP and growth of EV market in coming years.

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

Indonesia Auto Finance Market

How Australian Logistics Market is projected to drive country’s growth in 2023?: Ken Research

 Australia has always been a leading driver when it comes to adopting technological advancements. More than 600 logistics tech start-ups are developing in the country for faster transportation.

Government supports the logistics market intensely through their policies such as National Freight & Supply Chain Strategy which aims to ensure smooth transportation, along with technological advancements which include AI, Internet of Things (IoT) technology, drones, robotics which facilitate the process & reduce chances of accidents, thereby making it easy for the logistics market to grow.

Story Outline

• Government investment in infrastructure like Thriving Suburbs Programme is driving growth in freight forwarding revenue despite seeing a decline in 2022-2023.
• Logistics market in Australia is leveraging advanced technologies like AI, robotics and blockchain to improve efficiency, reduce accidents and enhance operational effectiveness.
• Australia’s active participation in international trade with significant portion of economy dependent on trading & foreign direct investment, highlights the importance of logistics industry in facilitating growth & connectivity.

1. Government’s Increased Infrastructure Drives Growth in Freight Forwarding Revenue

Recent trends suggest that government has increased the expenditure levels on infrastructure. In the Thriving Suburbs Programme, there has been an investment of $200 million where the investment is made for urban & suburban community infrastructure. Revenue for rail, sea & freight forwarding revenue has seen an annualized 1.1% increase over $11 billion dollars, despite a 0.6% decline in 2022-2023.

To learn more about this report Download a Free Sample Report

2. Technology constantly transforming the Logistics Market in Australia

Logistics market in Australia is utilizing various technological advancement which includes AI, Robotics, Blockchain amongst other technologies. Many Asia-Pacific countries use a form of Internet of Things technology (IoT), IoT applications for inventory management, warehouse management, order management etc. Tools like AI & Machine Learning play a key role in recognizing the next steps towards increasing functionality in the region. More than a quarter of countries plan to invest in technology like drones (33%), robotics (30%), artificial learning & machine learning (29%). Using technologies will help seize opportunities, create competitive advantage and improve operational efficiency.

According to Ken Research, the Australian logistics market is adopting these technologies at a similar rate of 20 to 30 per cent to ensure an efficient process, reduce accidents & ensure that the work force is adequately trained to use these technologies.

3. NFSCS Policy for the Best Logistical Solutions for Australia

For the first time in 20 years, Australia government along with the inputs from the industry devised a multimodal freight strategy for:

• smarter & targeted infrastructure
• enabling improved supply chain efficiency
• better planning, coordination & regulation
• locating freights & performance data in a better way.

What National Freight & Supply Chain Strategy aims to achieve: safe, secure & sustainable operations, innovative solutions to meet freight demands, an adaptable & skilled workforce, a fit for purpose & regulatory environment.

Visit this Link: – Request For Custom Report

Various government policies like NFSCS, Special Economic Zones & 17 Free Trade Agreements (FTAs), increased use of technology to ensure smooth logistics process; these practices ensure that logistics across various sectors in Australia grows positively.

4. Australia’s Contribution in International Trade & Logistics in 2022

Australia is a major player in international trade market with 45% of Australia’s economy dependent on trading, with services & digital trade established as major areas of growth. Foreign direct investment (FDI) has grown by approximately 7% in the last decade & has now topped A$1 Bn dollar in the last decade & have attracted A$472-billion-dollar trade in 2021-22. The constantly evolving logistics industry ensures that the necessary goods are transferred across the international market which facilitates the country’s economic growth.

Keeping all these factors in mind, it can be said that Australia’s constant commitment to adopting technological advancement, seen through the emergence of over 600 logistic start-ups. This ensures faster & smooth transportation process. As there is sudden increase in users of ecommerce platforms and seeing Australia’s contribution in international trade, the constantly evolving logistics market can ensure economic growth & seamless global connectivity.