Life Insurance Sector to Evolve Soon in South Africa with Ameliorating Economy

Posted on 18 August 2017 by KenResearch Banking Financial Services and Insurance ,

Life Insurance in South Africa includes written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions. The life insurance operating in the South Africa includes details of insurance regulations, and recent changes in the regulatory structure. Life insurances account for more than a three fourth of the South African insurance gross written premiums.

South Africa population are aware about the life insurance programs available. There are ten leading insurance companies offering written premiums in South Africa. The life insurance schemes are available at the preferred distribution channels such as brokers, agencies and bancassurance. With the unemployment rate significantly high in South Africa the trend in the life insurance is declining. The majority of the premiums in South Africa gave up the non-life segment. The personal accident and health segment are the majorly covered premiums in South Africa. An excess reinsurance capacity was observed with the reduced severity of the natural disasters. Reinsurance is an integral component of South Africa risk management plans applicable to the frequent natural disasters.

According to the NATIONAL Insurance Commission (NAICOM) in South Africa there are twelve leading insurance companies such as Great Nigeria Insurance Plc’s, Insurance Resourcery Consultancy Services Limited (IRCSL), an Ivoirien insurer, Sunu Assurances Vie Cote d’Ivoire, Equity Assurance, Cornerstone Insurance, UNIC Insurance Plc, Liberty Chief Executive, Thabo Dloti, Standard Alliance Insurance Plc, and others such as Axa, Prudential, Liberty, Swiss RE, Sunu Group, Saham.

According to the report, “Life Insurance in South Africa, Key Trends and Opportunities to 2020”, South Africa’s top six insurance companies are Metropolitan, Discovery, Old Mutual, Liberty, Momentum and Sanlam. Metropolitan Life’s products are more satisfying insurance schemes in South Africa. It was observed that there is a consistent development in the service quality of companies such as Metropolitan and Old Mutual. Discovery fell short in both quality and value, thus leading to unsuccessful business. Metropolitan enjoys the highest customer loyalty score equal to the Momentum’s loyalty score. Old Mutual, Sanlam, Liberty and Discovery are on the same page with customer loyalty score.

With the current economic situation in South Africa, it is predicted that there has been an increase in policy cancellations. Life and pensions schemes are prominent to lead a peaceful life after retirement. There is an increasing demand for retirement products due increase in the longer living global population and a growing need for wealth protection. The growing population in the country demands for more life insurance schemes and policies.

South African Constitution says that every individual in the country has the right to have access to health care services. Majority of the population in South Africa do not have any medical insurance and depend on a public health system with few doctors and dilapidated facilities that result in delay of medical treatment. The government implemented a National Health Insurance plan in the year 2009 that would cover medical facilities for all its citizens and would take almost another decade to get into full swing.

The poorest people in South Africa are provided with free services and medicines but with insufficient medical facilities. A survey states that a part of the population is not covered for health insurance, or life insurance or any long-term disability insurance.

A recent research states that the short-term insurance schemes in South Africa has been slowed to go digital and the sector is losing out on gross written premiums opportunities. Majority of the life insurance companies suggest that influencing cost efficient distribution channels like bancassurance, internet and or mobile phone distribution will be a key to selling life insurance to the population living in low income countries, including Nigeria. The life insurance industry in South Africa is a challenging market and given sluggish domestic economic growth for the country.

South Africa is one of the most advanced life insurance markets in the world, accounting for approximately 86% of Africa’s total life premiums. This market is concentrated around Lagos in the south west and Nigeria’s in the north. African insurance premium volumes have dropped sharply due to the currency depreciation in the country, high poverty rate, lack of capital, expertise within insurance companies, lack of effective and transparent legal, judicial and regulatory systems, combined with immature financial markets which are the major factors affecting the life insurance market in South Africa.

Besides all the hurdles, the life insurance industry in the next decade will witness a radical change in customers reducing sharply in favour of digital natives as the omnichannel revolution has begun to shape the future of the industry. The percentage of life insurance policies sold online will be doubled in the next decade along with South Africa’s growing economic conditions.

 

To know more about the research report:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/life-insurance-south-africa-key-trends/111699-93.html

 

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Technology Driving Saudi Arabia Cards and Payment Industry: Ken Research

Posted on 18 August 2017 by KenResearch Banking Financial Services and Insurance ,

The Cards and Payments Industry in Saudi Arabia involves check payments, payment cards, cash transactions, direct debits and credit transfers. Saudi Arabia is a cash-dominated society where cash is the preferred mode of consumer payments. Majority of the high-value transactions are shifting to electronic platforms and low-value transactions are carried out with cash. Although, the payment cards were introduced in Saudi Arabia majority of the population tend to use these cards for cash withdrawals at ATMs rather than making payments at merchant outlets.

The Saudi Arabian Monetary Agency (SAMA) launched its modified electronic payment system Mada. To increase the penetration of debit cards, Mada cards were issued by local banks that can be used across all ATMs and POS terminals operated by local banks in the Saudi Arabia. Since, the debit cards are co-badged and can be used internationally with other payment systems such as GCC Net, Visa, Mastercard, and American Express. Saudi Arabian Monetary Agency (SAMA) has adopted a number of initiatives to encourage electronic payments. A new electronic payment system was established and was made mandatory for wage payments into bank accounts. The SAMA also launched a modified Saudi Payment Network (Span) that links all ATMs and point-of-sale (POS) terminals across the country to a central payment switch. This network provides authorization, routing, and clearing services for all the payment transactions made in Saudi Arabia.

SAMA encouraged the consumers to increase the use of POS terminals while the daily purchase limit per card was increased. All the card users are provided with a value-added service, and Purchase with Cashback such as card withdrawals. SAMA launched the Wage Protection System (WPS) where all the employees' salaries are paid directly into their bank accounts. Consumers can withdraw cash and make payments at POS terminals using debit cards. The encouragement and emergence of digital only banks has encouraged electronic payments in Saudi Arabia. Gulf International Bank launched the first digital-only bank, Meem, in Saudi Arabia that offers online and mobile banking only, with no physical branches. The leading banks in the cards and payments industry in Saudi Arabia are Al Rajhi Bank, The National Commercial Bank, Riyad Bank, Arab National Bank, The Saudi British Bank, Samba Financial Group, Visa, MasterCard, and American Express.

SAMA introduced an e-payment service known as the SADAD Account that provides a direct link between banks and online merchants. The consumers utilize the online payments service by directly debiting their SADAD Account and transferring the amount to the merchants account. The National Commercial Bank, Samba Financial Group, Riyad Bank, Saudi British Bank (SABB), AlJazira Bank, Al Rajhi Bank, Arab National Bank (ANB), and Saudi Investment Bank (SAIB) are offering the services of SADAD.

According to the research report “The Cards and Payments Industry in Saudi Arabia: Emerging Trends and Opportunities to 2020”, the use of credit cards remains low in Saudi Arabia due to religious reasons, as Islam forbids the receipt or payment of interest. This encouraged the banks to issue a wider range of Sharia-compliant credit cards. All leading credit card issuers in Saudi Arabia offer Sharia-compliant credit cards and banks issuing credit cards are using promotional offers to encourage credit card usage. The Saudi Arabian government has initiated contactless technology. Riyad Bank has launched the country’s first contactless cards, and transformed all its card portfolios to contactless technology followed by the National Commercial Bank (NCB). All the remaining banks and card issuers in Saudi Arabia are anticipated to follow the same pattern over the coming years.

Majority of the banks in Saudi Arabia adopted various strategies to market debit and pay later cards. There are various leading competitors and regulations governing the Saudi Arabian cards and payments industry. The Saudi Arabian government has also initiated E-commerce market which is a part of the Saudi Arabia’s cards and payments and is one of the available payment types. E-Commerce Law was made to increase the competitiveness in the e-commerce market in Saudi Arabia, and to enhance customers’ trust in online purchases.

The country is facing high unemployment rate, budget deficit forcing the government to slash many of the perks it provides its citizens, rising petrol prices, inflation are the major factors affecting the consumers disposable income. The cards and payments industry may face a stand still point due to the country’s crisis but will start off with a slow growth over the coming years. The dynamic and competitive advantages lured by the banks will surely encourage more opportunities in the cards and payments sector by the year 2020.

To know more, click on the link below.

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-saudi-arabia/38371-93.html

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Evolution of Motorcycle Headlamp Technologies in China: Ken Research

Posted on 17 August 2017 by KenResearch Automotive, Transportation and Warehousing ,

Latest technology plays a major role in the motorcycle lighting market growth over the next few years. Heavy and ancillary industries demolish and reconstruct new products in manufacturing of engineering equipment. These types of industries manufacture heavy electrical, huge buildings and machine tools. Two Wheeler Lightings are used in motorcycles or motor vehicles for lighting and it is a signalling device mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle.

China’s two wheeler lighting market is growing rapidly in the recent years and is sure to continue growing over the period of time. The latest technology of laser head lights has great demand in the motorcycle headlight market with growing popularity. The need of efficient power consumption has led to the development of laser headlight technology for almost all automobiles. The technology is adopted in cars and is also being introduced in the motorcycles. The laser technology has greater performance and wider future development potential because of the automotive OEMs applicable to various products for differentiation.

The leading competitors in China’s two wheeler lighting market are Unitech, Koito, Varroc, Hella, Federal Mogul, Stanley, Bruno/Zadi Group, Lumax, Cobo, Rinder, Boogey, Minda, Ampas Lighting, IJL, J.W. speaker, ZWK Group, Motolight, Lazer light, and Fiem. The two wheeler lighting market is categorised into Halogen Lamps, LED Lights and others. The application of the two wheeler lighting market is classified into motorcycle headlight parts and bulbs, motorcycle rear light parts and bulbs, indicators and others. The Two Wheeler Lightings Market geographically covers South China, Southwest China, East China, Northeast China and North China.

Lighting technology in automotive segment has driven a demand in the motorcycle segment. The OEMs adopt new technology in a cost-effective manner considering the application areas thus leading to the growth in the volume and decreasing the production cost. Key vendor of automotive lighting are OSRAM, Philips, HELLA, KOITO, GE Lighting, Varroc Group and ZKW Group. The increasing population in China demands for more sophisticated lighting technology. The five year population data is depicted in the below graph.

It was predicted that the motorcycle lighting market will grow steadily over the next decade with rise in sales and OEM’s developed towards differentiating products. Motorcycle manufacturers are implementing motorcycle lighting systems using new lighting technologies such as LED and organic LED’s. The introduction of innovative thermal imaging cameras for enhancing motorcycle safety helps to increase rider’s visibility during night rides to spot debris on the road easily. This system does not require lights to produce an image and when coupled with led motorcycle lights will significantly enhance the safety of motorcycles.

The success of lighting technology in automotive segment will definitely drive the demand in motorcycle segment. Also the increasing focus on differentiation by automotive OEMs will drive demand for technologies such as LED and OLED in China’s motorcycle lighting market. With increase in the population there is a demand for ambient lights driving motorcycle lighting market. Consumers are enjoying long distance travel or drive that increase the acceptance of lighting for safety in touring segment. This also improves the efficiency and performance by technological innovations.

The factors affecting China’s motorcycle lighting market are high cost associated with new technologies such as laser lights and LEDs, reduction in production cost of upcoming technologies such as OLED and potential risk of light pollution by laser headlights can be threat to its adoption. The growing popularity of laser head lights, growing demand for adaptive lighting, development of thermal imaging cameras to make night-time riding safe, increase in R&D spending by vendors in technologies such as OLED to drive innovation and application and evolution of motorcycle headlamp technologies are all driving for a positive growth in China’s motorcycle lighting market in the coming years.

To know more, click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-motorcycle-lighting/126423-100.html

 

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Rental Cars Creating Space in Organized Market: Ken Research

Posted on 16 August 2017 by KenResearch Automotive, Transportation and Warehousing ,

The global car rental market business development in the most recent years was credited to the expansion and progression of the overall travel and tourism industry. The increase in the consumers spending limit along with improved roads or highways infrastructure are the major factors that encouraged the leisure and business trips, in a way boosting the tourism business. The introduction of information technology in the car rental market industry has driven for a major transformation in the past few years. Also, the addition of advance technology to use internet for customizing travel trips, online reservations and bookings has encouraged consumers to makes the whole process of travel safe, quick, reliable, and easy. Hassle-free process of online reservations and bookings increased the convenience for both, the operators and consumers in the car rental market business that witnesses a strong growth.

Leading competitors in the car rental market are increasing while undergoing mergers, acquisitions and forming joint ventures. This growth represents expansion in the competitors business territory, gain new emerging market potentials, and enhance the overall profitability in the car rentals market. With the rise in the crude oil prices worldwide it is anticipated to challenge the car rental market over the coming years. Car rental is the most important services in the urban transport industry. With the growing technology, increase in the business travellers is expected; demand for car-sharing and with the growth of megacities. Car rental companies are adding cars that have advanced telematics solutions and navigation functionalities.

According to the research report “Car Rental Global Industry Guide_2017”, majority of the consumers prefer rental cars for local and outstation travelling that is supposed to witness a higher growth in this market. The lack of time and route flexibility by the public transport has diverted consumers towards rental cars which provide day-to-day intra-city navigation worldwide. The outstation travelling during weekends is expected to contribute to the significant growth in this market along with the inter-state business transport needs. Increase of businesses and cultural events in the corporate industries sector has also impacted the growth in the car rental market by providing transport to the employees and event transportation solutions at affordable costs. This process helps in less pollution and transportation of a large number of passengers.

The types of vehicles used in the car rental market are Multi Utility Vehicles (MUVs), Sports Utility Vehicles (SUVs), economy cars, executive cars, and luxury cars. Economy cars are dominating the car rental industry and will continue to dominate in the next decade. Economy cars are low cost and deliver higher mileage than other cars. The rental cars market is primarily driven by the cost-effectiveness of the economy cars. It was observed that the executive cars will witness a significant growth over the next decade due to the rising demand from the corporate industries. There is a rise in business and leisure trips among the global population. Majority of the business travellers typically demand for higher product and service quality along with reliability during travelling in a vehicle.

SUVs and MUVs are expected to exhibit a minor growth over the next decade with a moderate growth in the number of leisure travellers. The growing economy in the developed countries is an added advantage for the growth in the car rental market with increased leisure and recreational activities among consumers. The leading competitors in the global rental cars are Avis Budget Group, Enterprise Rent-A-Car, Europcar, The Hertz Corporation, Sixt, Localiza Rent a Car, Eco Rent A Car, Carzonrent India Private Limited (CIPL), and Al-Futtaim Vehicle Rentals Company. The rental cars market is categorised based on the vehicle type such as economy, executive, luxury, SUV, and MUV cars, by rental category such as airport, local, outstation, and other transport, and geographically, Asia Pacific, Europe, North America, and rest of the world.

Rental car services operate through a network for pickup or drop-off points. Also, vehicles are owned by an organization that rents them to consumes’ for short periods such as a day or for a monthly or annual plan. With the increasing in the global population and demand for effective transportation systems will surely witness a positive growth in the rental cars market over the coming years.

To know more, click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/car-rental-global/95858-100.html

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Evolution of Electronic Components Market in the US: Ken Research

Posted on 16 August 2017 by KenResearch Energy and Utilities ,

The electronic components market in the United States is segmented into active electronic components, passive electronic components and electromechanical components. Industrial electronic components are used to affect electrons in an electronic system. Active components produce energy in the form of current or voltage and passive components store that energy in the form of current or voltage. Active electronic components are semiconductors, diodes, transistors, vacuum tubes, display technologies, optoelectronic devices and others. Diodes conduct electricity in one direction and transistors are used to amplify and switch electronic signals in an electronic system. Vacuum tubes comprise of photo tubes, X-Ray tubes, cathode ray tube, phototube, magic eye tube and others. Also the display technologies include vacuum fluorescent display, LED, LCD, and Plasma display. Optoelectronic devices comprise of Opto-Isolator, Opto-Coupler, Photo-Coupler and others.

There is a growing demand of high-tech electronic products in United States such as digital cameras, gaming consoles that are contributing to the growth of electronic industry and a positive growth in the active electronic components market. Active electronic components are used in semiconductor, healthcare, manufacturing, and consumer electronics such as in computer aided systems, internet of things (IoT), automated technologies which are the major driving factors of active electronic components market.

The leading competitors in the Active Electronic Components Market in United States are Texas Instruments, Inc., Analog Devices, Inc., Maxim Integrated and others. Active Electronic Components include Semiconductors (Diodes & Triodes, Transistors, Integrated Circuits, Detectors & Emitters), Optoelectronic Devices (Opto-Isolator, Opto-Coupler, Photo-Coupler among others), Display Technologies (LCD, LED among others), Vacuum Tubes (Cathode, X-Ray among others) and others. The end users of Active Electronic Components are Consumer Electronics, Automotive, Manufacturing, Aerospace & Defense, Healthcare, and others. A study indicates that North America is dominating the active electronic component market due to increasing awareness of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization and many more.

The electronic components market in United States is consistently developing and expanding at a rapid pace. A constant need for reinvention and diversification increases the importance of electronic components market due to high disposable income, increasing dependence on home, office and healthcare automation, need for digitization and portability across industries and growing demand for consumer electronics are the main factors affecting the electronic component market.

Aerospace, defense, healthcare, medical devices and telecommunications sectors are simultaneously growing in the field of electronic devices market demanding for sophisticated electronic components. In United States, the electronic components are used in the products such as, technology type and applications of the device. Cameras, musical recording, GPS navigators, recorders, video-media players, play-back devices, phones, smartphones, computers, laptop, calculators, game consoles, and many more products involved in this market.

There are 14 sub-types of passive electronic components such as capacitors (Ceramic, Aluminum, Tantalum, DC Film and AC Film Capacitors), resistors(Thick Film Chip, Network and Array, Nichrome Metal Film, Tin-Oxide, Wirewound, Thin Film, Carbon Film),  inductors (Horizontal Wirewound Inductors), Wirewound Chip Coil inductors, ferrite beads and bead arrays; multilayered chip inductors, axial and radial leaded inductors, ferrite cores, and thin film inductor chips.

The leading competitors in the United States electronic components market are ABB, AEC, API Technologies, AVX Corporation, Eaton, Datronix, Hamlin, Fujitsu Component and FCI Electronics. With the increase in the population in the United States there is a great demand for more innovative electronic products with indirectly need the electronic components which represent an ever growing market

The growing population in the United States is directly affecting the growing electronic needs of the population. The electronic components market in the United States will witness a drastic growth with the growing innovative and technological electronic products.

To know more, click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/united-states-electronic-components/126236-103.html

 

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Economic Scenario to Supplement the Steady Growth of Functional Beverages In Philippines: Ken Research

Posted on 14 August 2017 by KenResearch

Functional beverages are those beverages which have some specific functionality and this imparts to them, a very important role in the day-to-day lives of consumers. From keeping the users hydrated, preventing and addressing various health conditions, aiding in athletic performance to contributing to the nutritional well-being of the consumers, functional beverages are being accepted by more and more people.

The stellar growth of the beverages industry, especially in North America can be seen in the nearly always full shelves of grocery stores. The large varieties of the beverages that are available to the consumers are highly specific and seem tailor made to a consumer as if it were a part of the very user’s personality. Consumers prefer these functional beverages that can function as energy boosters and may result in abating bone and joint pains, shrinking waistlines and sharpening mental focus of the consumer and these are not the only uses.

According to the report, “Fortified/Functional Beverages in Philippines”, beverages that are specific to demographics, gender and age structure are also available in the market in addition to the specific products which are targeted at women, senior citizens and kids. Thus, the growth in this market is largely driven by product diversification and increased number of distribution channels. The marketplace of functional beverages provides a whole lot of different beverage experience today as compared to a few years back. Not only the manufacturing but also the way of consumption of these beverages is changing and becoming more interesting.

Now, consumers have the option to choose from the traditional packs of the beverages or may consume it in the form of a powder or in the form of a shot. This is not all, as the ways in which these beverages can be consumed and the number of days they last is also longer.

The use of functional or fortification ingredients in beverages is an attempt by the manufacturers to tap into the large market for health and wellness products. Manufacturers are also trying to differentiate their products and through the product differentiation, they attempt to capture more of the market. Whether it is a new sports drink by Pepsi-Cola which is lined with tropical fruit flavor variants infused with special electrolytes that are essential for hydration of the user or a drink fortified with Vitamin C, consumers are increasingly accepting these products and thus fueling the growth of the fortified/functional beverages market.

Fortified/Functional beverages, however, are not expected to grow very rapidly in the years to come due to many key product categories reaching maturity without any scope of product innovation left in them. Anyhow, the market on a whole is sure to prosper in the coming years.

 

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/fortified-functional-beverages-the-philippines/121718-11.html

 

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Ameliorating Demand for Fortified Beverages in Slovakia: Ken Research

Posted on 11 August 2017 by KenResearch Food and Beverage ,

The past years saw a positive growth for most of the health and wellness categories due to growing awareness for health among Slovakians. Due to a growth in the average disposable incomes of the people, the consumers in Slovakia were able and willing to pay more for such products which are healthy for them and their families. Some of the major companies went for product localization resulting in decline in prices of some product categories. The decline in prices negatively affected the value growth. In spite of this, most of the product categories achieved positive growth.

The report titled Fortified/Functional Beverages in Slovakia provides a detailed and in-depth analysis of the Slovak Fortified/Functional beverages market by giving the shape and size of the market. It provides the forecast of the future for the market thus providing the trajectory the market is expected to take in the near future and also helps in identifying the sectors that have the most potential for growth.

The increasing health awareness among Slovakian people as well as the growing economic environment has led to increased demand consumption of the fortified/functional beverages of good quality with ingredients that can provide nutrition and various type health benefits like strengthening the immune system. This has resulted in an increased performance of the fortified/functional beverages and in a good growth in the sales in terms of value in the year 2016.

The leading player in the market for the fortified/functional beverages has prolonged to be- Kofola which has held about a fifth of the market in the country. The company has benefited from its strong focus on product innovation thus rolling out drinks with active and nutritional ingredients like minerals and vitamins and having lots of health benefits. The main products in the product portfolio of Kofola are the Rajec, a bottled water brand and Jupik, a juice brand for children. Kofola’s strong marketing campaigns, advertisements of products on television and in the stores have made both of its brands popular and well known in the country.

The expected economic growth of the country is expected to continue benefitting the fortified/functional beverages market in Slovakia.  This will result in an increased demand for the products of high quality and having high mineral and vitamin content.

The rising interest among consumers in various sports activities will require them to keep their bodies healthy and fit and even take care of their nutritional well-being which will fuel the demand in the fortified/functional beverages and lead the market towards growth.

 

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/fortified-functional-beverages-slovakia/121717-11.html

 

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Fragmented Full Service Restaurants Market in Argentina: Ken Research

Posted on 10 August 2017 by KenResearch Food and Beverage ,

A full service restaurant is a restaurant that provides fine dining with a wide selection of foods and beverages where food is served directly to the customers' table. These establishments have attached alcoholic beverages, coffee shops, fast food restaurants and specialized traditional foods. Full service restaurants also provide takeout, delivery and live entertainment.

The report titled “Full-Service Restaurants in Argentina” studies the full-service restaurants market in Argentina and presents a detailed and in-depth guide to the shape and size of the market. It strategically analyzes the major factors that are influencing the market like eating habits, changes in lifestyle, spending on tourism or issues related to legislature. The forecast data predicts the trajectory; market is expected to take and the ways in which it may change. Covering the product categories of full-service restaurant chains, casual dining and non-casual dining full-service restaurants, types of full-service restaurants and independent full-service restaurants, the report offers a strategic and detailed analysis.

The full-service restaurant market in Argentina is quite fragmented. The restaurant chains in Argentina have had just less than 5% sales in terms of value in 2016. In terms of value, “Sushiclub” has been the brand that led the market (though its share in market was only marginal). However, the recessive period of Argentinian economy in 2016 led the chain to close an outlet in order to prevent the profitability from decreasing and sales from falling.

Full-service restaurants in the country have struggled through a very bad year in 2016. The economic crisis in Argentina and the fall in real wages have deterred the Argentineans from the leisure activities despite the fact that the Argentineans like eating out. Consequently, fast food has gained ground over full-service restaurant due to it being a highly cheaper alternative to the latter and thus more appealing to consumers in a recessive environment.

It is expected that the economy of Argentina will bounce back on track in the future years. This will lead to a recovery in the purchasing power of the consumers, which will further lead to the consumers having more money to spend on leisure activities. This will eventually benefit the full-service restaurants since Argentinians prefer eating out.

Also, it is expected that the full-service restaurant channel will slowly and steadily recover the customers that it had lost to the fast food channel due to it being cheaper in the recent time period.

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/full-service-restaurants-argentina/121748-11.html

 

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Foreign fuels cards will hold a major share in Northern Europe Market in Future: Ken Research

Posted on 10 August 2017 by KenResearch Automotive, Transportation and Warehousing ,

A fuel card is a payment card used for gasoline, diesel, and other fuels at gas stations. These cards can also be used as payment for vehicle maintenance and expenses. The fuel card is similar to a credit card, and also works in a similar way. More than 50% of the Western Europe vehicles do not possess a fuel card. It was estimated that over 23,000 new fuel cards will be issued by the year 2021. Then the total cards being used in Western Europe would reach 1,240,248 cards. All fuel cards provide commercial business-to-business fuel card volume and are split by fleet and CRT. These cards also exhibit the market value and market share on independent and oil company card issuers and fuel card competition in Western Europe.

Fleet card or fuel card volume in Ireland is sure to decline by the year 2021. Esso is the leading and largest fuel card operator in Luxembourg along with Shell being the largest CRT card operator. In Netherlands and Slovenia, the number of service stations increased. Fuel card volumes will increase drastically in Switzerland by the year 2021. The leading companies in the fuel cards market in Western Europe are AS24, Agip (Eni), Aral, BP, Circle K,OKQ8, DKV, Esso, MOL, Neste, OMV, Q8, ROUTEX, Shell, St1, TOTAL, Teboil and UTA.

According to the research report “FUEL CARDS IN EUROPE, WESTERN MARKETS 2016”, it was observed that the number of fuel cards in Southern Europe has increased in the recent years. In Greece, the total number of service stations declined with a downfall in the fuel cards. However, in Portugal the fuel card volumes account for the total fuel sold by the year 2021 and with the increase in the fuel cards market. Foreign fuels cards will hold a major share in Northern Europe by the year 2021. It is expected that the Central and Eastern European commercial fuel cards with takeover the fuel cards business from the domestic operators. Denmark’s service stations declined over the past few years. Finland has prepared to issue 910,952 new fuel cards by the year 2021. In the Czech Republic, the total number of service stations has been declining from the past years. Estonia is all set to issue over 5,000 new fuel cards by the year 2021, totalling to 92,212 fuel cards.

Western Europe provides international fuel cards to operate outside the country with flexible fuel card offerings. These international cards are used to pay for tolls and Eurovignettes on all major roads. This card reduces the need for drivers to carry cash and smooth journey worldwide with full tank fuel. The international fuel card covers major trunk roads and key border crossings, along with spanning a range of branded sites.

Europe is expected to dominate the global fuel card market over the coming years. The GDP (Gross Domestic Product) of the European Union shows a drastic downfall in the recent years. The GDP of the European Union is depicted in the below graph. With the new trends in the fuel card market, it is estimated that the market will grow slowly and will continue a positive growth in the coming years.

The leading competitors in the global fuel cards market are British Petroleum, WEX Inc., FLEETCOR and, Royal Dutch Shell. A wide variety of fuel cards are available in the global market with different features and specifications. The common fuel cards available globally are Branded Fuel Cards, Universal Fuel Cards and, Merchant Branded Cards.

A slight growth was observed in the global fuel card market and it is expecting a positive growth by the year 2021. Global consumers demand for cashless fuel transactions which are directly leading to the growth in the fuel cards market. Fuel cards face few challenges such as rising competition from new competitors, changing legal framework, volatile oil prices, rising consumer expectations, many more factors.

To know more, click on the link below”

 

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/fuel-cards-europe-western-markets-2016/85799-100.html

Related reports

Fuel Cards in Slovenia 2016

Fuel Cards in Switzerland 2016

 

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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
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Ameliorated Plans to Assist Increased Construction of Offices in Malaysia: Ken Research

Posted on 09 August 2017 by KenResearch Manufacturing And Construction ,

Infrastructure development is very important for a nation and vital for its economic growth. Development of infrastructure of a country is generally led by the construction and manufacturing industry of that nation. Technological innovations which are leading the various segments of this industry towards progress and various new developments are changing the way the industry is growing. Changing home buyers’ preferences and reduced labor costs are bringing to light the enormous potential that the industry holds and the vast opportunities that are there to be exploited in this industry. Further, the growing trend of automation in the construction and manufacturing industry has resulted in the reduction of costs, thus contributing to the rise of the industry.

Office buildings are those which are constructed to be used by companies or organizations so that they are able to perform their business operations that are related to the office. This category also includes those buildings as well, in which more than half of the floor space is used by offices and rest is used for other purposes, thus they are being called mixed-use buildings. The Malaysian office buildings construction market has observed some fluctuations in the recent years in terms of value and average annual growth rate.

The report titled “Office Buildings (Construction) in Malaysia: Market Analytics by Category & Cost Type to 2021” provides an in-depth and detailed analysis of the operating environment of the market. For the various players active in the value chain of the construction sector in Malaysia, it is an important tool. It is also an essential help for the new players that are poised to enter the market. Various large scale projects, both public as well as private have dominated the construction sector and the activities inherent to it over the preceding years. These are driven largely by the Malaysian government and the investors so that the five year pans launched by the Malaysian government could be successfully implemented and the nation could be transformed from a developing one to a developed one.

The 11th Malaysian Plan that has been launched by the government for the years 2016 to 2020 focuses on the construction sector of the country since transformation of the construction sectors is vital for Malaysia and is the way forward to drive the country on the path of economic growth. The 11th Plan focuses on continuing a separate program namely “Construction Industry Transformation Programme” in order to completely transform the construction industry. The programme covers the five year focus period and the market is expected to expand well in the coming years.

 

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/retail-buildings-malaysia/116896-97.html 

Related reports:

Manufacturing Plants (Construction) in Japan: Market Analytics by Category & Cost Type to 2021 

Road Infrastructure (Construction) in Japan: Market Analytics by Category & Cost Type to 2021 


Contact Us: 
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

 

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