Expansion of E-commerce industry and Need for Last Mile Delivery Expected to Grow Express Delivery Market in Philippines: Ken Research


Filipino Express delivery market has witnessed a tremendous growth over past few years due to the infrastructural growth and development in the country which has complemented the express delivery market in the country with an escalated preference of business and consumers to transport goods in shorter amount of time. Express delivery in the Philippines has been utilized for a number of goods which include documents, financial products, electronics and several others. Due to the quick service capabilities, the demand for express services has emerged majorly in the business to business segment.  The express delivery market had increased at a CAGR of over 10% during 2010-15.

According to the research report, the Philippines express delivery market will grow at a considerable CAGR rate thus reaching USD 915.0 million by 2020. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.

“The Express delivery companies should focus on implementation of an advanced automation system which will enhance user experience, reduce the delivery time and will also remove unnecessary bottle necks and human effort in the logistics cycle” according to the Research Analyst, Ken Research.

Companies such as LBC Express, PHL Post, 2GO and Air 21 have been few of the prominent names in the domestic express delivery market. The competition amongst the players has been majorly limited due to the presence of major player who have dominated the industry due to the development of high brand value and a sense of security amongst the Filipinos

The potential of Philippines to become the most important gateway in the Asian continent has been a lucrative opportunity for logistics companies and has led to their inception in the early years of this industry.

The latest publication on Philippines Logistics Market Outlook to 2020 –Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwardingprovides insightful analysis of the logistic market in Philippines. The report covers various aspects such as value chain, business model, transaction volume, cargo weight handled, revenue generated by Logistic market, Express delivery market, third party logistics, E-commerce logistic, Filipino Freight Forwarding and Balikbayan Box Market. The report provides segmentation by road freight, sea freight, warehousing, air freight and value added services; by B2B and B2C clients; cold chain logistics; and by international and domestic express delivery market. The provides market share and competitive landscape of major players operating in Third Party Logistic, Express delivery logistic, Air Freight logistic, Sea freight logistic market of Philippines. The report will aid domestic and International logistics players, government, airline companies, third party logistics players and other stakeholders to align their market centric strategies according to ongoing and expected trends in the logistics industry.

Key Topics Covered in the Report:

  • Philippines logistics Market Size
  • Market Segmentation by
    • Philippines Logistics and Forwarding Market Segmentation
    • By Type of Service
    • By B2B and B2C Clients
  • Philippines Warehousing and Value Added Services Market
  • Market size of Warehousing market
  • Value Added Services Market
  • Philippines Cargo Handling Size
  • Philippines E-commerce Logistics Market
  • Philippines Third Party Logistics Market
  • Logistics and Forwarding Market Entry Barriers
  • Filipino Freight Forwarding Market
  • Market Segmentation by
    • by Seasonal Demand
  • Balikbayan Market Future Outlook and Projections
  • Market Share of Major Players in Domestic Air Freight Forwarding Market
  • Market Share of Major Players in International Air Freight Forwarding
  • Market Share of Major Players in Sea Freight Forwarding Market
  • Philippines Balikbayan Box Market Introduction
  • Market Segmentation by
    • Road Freight, Sea Freight and Air freight

Balikbayan Market Future Outlook and Projections

  • Philippines Express Delivery Market
  • Value Chain Analysis of Philippines Express Delivery Market
  • Market segmentation
    • By Road and Air Express
    • By International and Domestic Express
  • Express Delivery Market Barriers to Entry
  • IT Systems Architecture in Express Delivery market
  • Domestic Express Delivery Market
  • International Express Delivery Market
  • Philippines Express Delivery Market Future Outlook and Projections
  • Market Drivers and Trends
  • Philippines Logistics Market Future Outlook and Projections
  • Analyst Recommendation
  • Macro Economic Analysis
  • Infrastructure

Companies Covered in the Report

Domestic Express Delivery players

LBC Express

Philippines Postal Corporation

JRS Express

Airfreight 2100 Inc

2 GO Express

International Express Delivery Players

DHL

FedEx

UPS

TNT

Domestic Airfreight Players

2Go Express Inc.

Cargo Padala Express Forwarding Service Corp

Wide Wide World Express, Inc.

JRS Business Corporation

AA! Worldwide Logistics

Vintel Logistics Inc

International Airfreight Players

Nippon Express Philippines, Inc

Yusen Logistics Philippines, Inc.

Trans-global Consolidators, Inc.

Kintetsu World Express Philippines, Inc.

Panalpina World Transport (Philippines), Inc

Schenker Philippines, Inc.

Kuenhe & Nagel, Inc.

UPS-Delbros Transport, Inc.

Expeditors Philippines, Inc.

source : https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html

Related Reports:

India Logistics and Warehousing Industry Outlook To 2019 – Driven By E-Commerce Logistics And Make In India Initiative

UAE Logistics Market Outlook To 2019 – Driven By Infrastructural Investment And Expanding Foreign Trade

Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 – Rising Intermodal Logistics Service To Drive The Future

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The Telemedicine Market in the US is Projected to Register CAGR of 32% in Next Five Years: Ken Research


Increasing Cost of Healthcare Procedures across Various Hospitals and Clinics to Drive Telemedicine Market in the US.

ImageThe deployment of telemedicine services has significantly improved the healthcare service industry in the US, majorly driven by various technological innovations in the field of medical equipments and services. Additionally, the consistent rise in the demand for high quality healthcare services coupled with increasing prevalence of chronic diseases in the country have also augmented the need for telemedicine services. In light of the growing scope of treatments through telemedicine approach, various hospitals as well as in-home healthcare services have taken a step forward towards telemedicine market in the recent years.

The companies in the telemedicine sector will need to rely on bundling and technical innovation to increase revenues in the near future. It has been anticipated that the rising technical innovations in telemedicine and disease management could result in augmenting the penetration of telemedicine in the US households. There are a number of keys challenges which could be faced by the telemedicine industry. Reimbursement and software licensing approval are the major challenges posed by this industry, which could block physicians’ participation in the telemedicine marketplace. In the upcoming years, government authorities are expected to minimize these challenges in the telemedicine market such as Medicare and Medicaid restrictions, originating telemedicine site requirements, inconsistent reimbursement and physician licensure.

In order to cater to the mouting demand of telemedicine services, the telemedicine hardware manufacturers such as AMD Telemedicine, Medtronik and others have been working in collaboration with numerous telemedicine software providers in the country such as VSEE, Vidyo, Polycom, Cardiocom and others. The market for telemedicine technology, companies offer videoconferencing equipment and store-and-forward units along with the telemedicine software installed in the telemedicine cart. The store and forward units are largely used for radiological and pathological medical applications.

“The increasing health awareness, inclining disposable incomes, improving healthcare infrastructure and introduction of new technologies will increase the penetration of telemedicine solutions in the US”, according to the Research Analyst, Ken Research.

The report titled “The US Telemedicine Market Outlook to 2018” provides detailed overview of the telemedicine market in the US and helps the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, healthcare experts, telemedicine vendors and suppliers and other stakeholders align their market centric strategies according to ongoing and expected trends in future.

Key Topics Covered in the Report:

  • The market size of the global telemedicine market, the US telemedicine market, the US remote patient monitoring market, global mHealth market and the US mHealth market.
  • Market segmentation of global telemedicine market on the basis of telehome and telehospital segments, market segmentation of the US telemedicine market by telehome and telehospital market, by synchronous and asynchronous methods, by telemedicine applications in various diseases and disorders, by telemedicine technology and services.
  • Market segmentation of the US mHealth market by end user (doctors and patients), by hardware software and services.
  • Trends and Developments in the US telemedicine market
  • Competitive landscape profiles of the major players of the US telemedicine market and company details of various telemedicine vendors in the US.
  • Future outlook and projections of the US telemedicine market.

 

Browse report with TOC- http://www.kenresearch.com/healthcare/medical-devices-and-equipments/us-telemedicine-market-research-report/531-91.html

Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

India Mobile Games, Video Games and Online Gaming Industry Research Report: Ken Research


India Video Games Market Outlook to 2018 – Rising Popularity of Mobile and Online Games to Lead Growth provides a comprehensive analysis of the various aspects such as market size of the India video game industry, video games hardware and software, online games and mobile games market. The report also covers the market shares of the major hardware manufacturers in India as well as the revenues of major players in the software development space.

ImageVideo game industry in India, which is majorly driven by retail sales of software and hardware, had registered revenues of INR ~ million in FY’2013. Each segment in the video game industry is subjected to a gamut of different factors such as price cuts and number of units sold that play an important role in determining their respective revenues. The video game industry in the India has grown at a CAGR of 34.5% from INR ~ million in FY’2008 to INR ~ million in FY’2013.

The revenues of the video game software market which is majorly influenced by the hardware installed base, has transformed immensely over the last decade. The demand of video games for PCs has been majorly driving the software market revenues in India since FY’2008. The percentage share of PC gamers in India was ~% in FY’2013, thus contributing a noteworthy share to the overall video games software market in India.

The two major players in the video game hardware market in India are Sony and Microsoft. Sony’s PlayStation dominated the video games hardware market in terms of total installed base in India which stood at INR ~ million in FY’2013. Microsoft’s Xbox 360 was the second largest selling seventh generation console in India video games hardware market with ~% market share and a total installed base of 215 million in India in FY’2013.

The growing penetration of the smart phones has contributed significantly to the growth of mobile games in India. The mobile games market was valued at INR ~ million for FY’2013, growing from INR ~ million in FY’2008. This growth was supported by a multitude of factors such as growing influence of tablets and escalating mobile subscriber base, which has given people an exposure to mobile games.

India online games market, valued at INR ~ million in FY’2013, has grown immensely from INR ~ million in FY’2008. The market has received great impetus in the past few years, owing to the growing penetration of internet and broadband in various parts of the country. Rise in the usage of social networking for games has proven to be a boon for India video gaming population, thus driving the online games market considerably since FY’2008.

The market for video games in India has been changing at a rapid rate. Technological advancements and gaming diffusion across ages as well as competitive pressures have been significantly changing the market. Revenues from the video game industry in India are expected to expand to INR ~ million in FY’2018, growing with a CAGR of ~% from FY’2013 to FY’2018.

TABLE OF CONTENTS

1.         India Video Games Industry Introduction

1.1.      India Video Games Industry Value Chain

1.2.      India Video Games Industry Production Process

2.         India Video Games Industry Size by Revenues, FY’2008-FY’2013

3.         Profile of Gamers in India

4.         India Video Games Industry Business Models

4.1.      Subscription Based Pricing Model

4.2.      Advertising Based Pricing Model

5.         India Video Game Market Segmentation

5.1.      By Hardware, Software, Mobile Gaming and Online Gaming, FY’2008-FY’2013

6.         India Video Games Hardware Market Introduction

6.1.      India Video Game Hardware Market Size, FY’2008-FY’2013

6.2.      India Video Game Hardware Market Segmentation

6.2.1.   By Handheld and Static Video Game Consoles, FY’2013

6.2.2.   By Distribution, FY’2013

6.3.      Product Shares of Major Players in India Video Game Hardware Market, FY’2013

6.4.      India Video Game Hardware Market Trends and Developments

6.5.      India Video Game Hardware Market Future Outlook and Projections, FY’2014-FY’2018

7.         India Video Games Software Market Introduction

7.1.      India Video Games Software Market Value Chain

7.2.      India Video Game Software Market Size, FY’2008-FY’2013

7.3.      India Video Game Software Market Segmentation

7.3.1.   By Games for Handheld Video Game Consoles, Games for Pc and Games for Static Video Games Consoles, FY ’2013

7.3.2.   By Gaming Genre, FY’2013

7.3.3.   By Distribution, FY’2013

7.4.      Product Shares of Major Players in India Video Game Software Market, FY’2013

7.5.      India Video Game Software Market Trends and Developments

7.6.      India Video Game Software Market Future Outlook and Projections, FY’2014-FY’2018

8.         Company Profiles

8.1.      Sony

8.1.1.   Business Overview

8.1.2.   Business Strategies

8.2.      Microsoft

8.2.1.   Business Overview

8.2.1.1.            Business Divisions

Windows & Windows Live Division

Server and Tools

Online Services Division

Microsoft Business Division

Entertainment and Devices Division

8.2.2.   Financial Performance, FY’2012-FY’2013

8.2.3.   Business Strategies

8.3.      Nintendo

8.3.1.   Business Overview

8.3.2.   Business Strategies

9.         India Mobile Game Market Introduction

9.1.      India Mobile Games Market Revenue Models

In App Advertising Model

Freemium Model

Pay per Download Model

9.2.      India Mobile Game Market Size, FY’2008-FY’2013

9.3.      India Mobile Games Market Segmentation

9.3.1.   By In App Advertising and Paid Downloads, FY’2013

9.4.      India Mobile Games Market Trends and Developments

9.5.      India Mobile Games Market Future Outlook and Projections, FY ’2014-FY ’2018

10.       India Online Games Market Introduction

10.1.    India Online Game Market Size, FY’2008-FY’2013

10.1.1. India Massively Multiplayer Online Gaming Market

10.1.2. India Social Gaming Market

10.1.3. India Casual Gaming Market

10.2.    India Online Games Market Trends and Developments

10.3.    India Online Games Market Future Outlook and Projections, FY ’2014-FY ’2018

11.       India Video Games Industry Growth Drivers and Restraints

11.1.    Drivers

11.2.    Challenges

12.       India Video Games Industry Trends and Developments

13.       India Video Games Industry Future Outlook and Projections, FY ’2014-FY ’2018

Market Share of the Eighth Generation Consoles, FY’2015

13.1.    Cause and Effects Relationship Analysis between Industry Factors and India Video Games Market

14.       Macroeconomic Variables Affecting India Video Games Industry

14.1.    Smartphone Shipments in India, FY’2009-FY’2018

14.2.    Personal Disposable Income, FY’2008-FY’2018

14.3.    Broadband Subscribers in India, FY’2008-FY’2018

14.4.    Urban Population in India, FY’2008-FY’2018

14.5.    Installed Base of Personal Computers in India, FY’2008-FY’2018

15.       Appendix

15.1.    Market Definition

15.2.    Abbreviations

15.3.    Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Final Conclusion

15.4.    Disclaimer

LIST OF FIGURES

Figure 1: India Video Games Industry Value Chain

Figure 2: India Video Games Industry Production Process

Figure 3: India Video Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 4: Distribution of Video Game Playing Population in India in terms of Percentage, FY’2013

Figure 5: Gaming Revenue Models

Figure 6: India Video Games Market Segmentation by Hardware, Software, Mobile gaming and Online gaming on the Basis of Revenues in Percentage, FY’2008-FY’2013

Figure 7: India Video Games Hardware Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 8: India Video Games Hardware Market Segmentation by Static and Handheld Video Game Consoles on the Basis of Total Installed Base in Percentage, FY’2013

Figure 9: Product Shares of Major Console Brands in India Video Games Hardware Market on the basis of Total Installed Base in India in Percentage, FY’2013

Figure 10: India Video Games Hardware Market Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 11: India Video Games Software Market Value Chain

Figure 12: India Video Games Software Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 13: India Video Games Software Market Segmentation by Types of Devices on the Basis of Total Installed Base in Percentage, FY’2013

Figure 14: India Video Games Software Market Segmentation by Distribution in Percentage, FY’2013

Figure 15: India Video Games Software Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 16: Global Shipments of Xbox 360 Consoles in Million, FY’2012-FY’2013

Figure 17: The India Mobile Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 18: India Mobile Games Market Segmentation by In-app Advertizing and Purchase of Mobile Games on the Basis of Revenue Contribution in Percentage, FY’2013

Figure 19: Smart Phone OS Market Share for Gaming, FY’2013

Figure 20: India Mobile Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 21: The India Online Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 22: India Casual Gaming Market Size on the Basis of Number of Casual Gamers in Million, FY’2010-FY’2013

Figure 23: India Casual Gaming Market Segmentation by Mobile Gamers, PC Online Gamers and Console Gamers on the Basis of Number of Casual Gamers in Percentage, FY’2010-FY’2013

Figure 24: India Online Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 25: India Video Games Industry Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 26: Estimated Market Share of Eighth Generation Consoles in the Indian Video Game Hardware Market on the Basis of Revenues in FY’2015

Figure 27: Smart Phone Shipments in India in Million, FY’2009-FY’2018

Figure 28: India Personal Disposable Income in INR Million, FY’2008-FY’2018

Figure 29: Broadband Subscribers in India in Million, FY’2008-FY’2018

Figure 30: Urban Population in India, FY’2008-FY’2018

Figure 31: Installed Base of PC in India in Million, FY’2008-FY’2018

 

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Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

Trends & Development in China Cooking Oil Market – Market Report


China Cooking Oil Market Prospects to 2018 – Upgrading Agro-Economic System to Forerun Market presents a comprehensive analysis of the industry covering aspects including market size by volume sales, value and market segmentation by production, supply, consumption, retail sales of cooking oil. Additionally, market dynamics of soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil is covered extensively. The report also entails a detailed description on the recent trends and developments, imports &exports, persistent challenges in the market and the competitive scenario of major players in the industry along with their brand wise market shares.

ImageGlobally, China is the world’s largest consumer of oilseeds and cooking oil. China cooking oil market has been affected by surging demand, government legislations and regulations, predominant challenges pertaining to agricultural practices and consumption, transition to increasing urbanization, price trends and distribution network. The market has registered a CAGR of 5.1% during the period MY’2009-MY’2013 by rising supply of cooking oils from ~ thousand tons in MY’2009 to ~ thousand tons in MY’2013. Soybean oil accounted for ~% of the total production output followed by rapeseed and peanut oil with 24.8% and ~% of the total crushed oilseeds respectively. During the period MY’2010 to MY’2013 the overall consumer expenditure on cooking oil has swelled at a CAGR of ~%, thereby heaving to total revenues of USD ~billion during this period.

China is one of the world’s largest importers of oilseeds and cooking oil. The country imported ~ thousand tons of oilseeds while ~ thousand tons of cooking oil in MY’2013. The export of oilseeds in China was already at a very low level. Additionally the exports to other countries has dropped down at a plummeting CAGR of ~% during the period MY’2009-MY’2013. The government of China aspires to develop environmentally friendly market for sustainable palm oil. Moreover, to stimulate lagging production of major oilseeds such as soybean, the government executed a soybean oilseed production support program.

China cooking oil market is concentrated with only a few major players operating majority of the business space. Wilmar International is the leading company operating in China cooking oil market. China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Shandong Luhua Group are other dominant companies which produce and distribute edible oils in China. The top 5 brands make up nearly ~% of the total sales in the year 2013. Jinlongyu brand is the most popular cooking oil brand which has accounted for approximately ~% of the total market share on the basis of retail sales in China in the year 2013. The flagship brand of Shandong Luhua Group is known for its premium quality has eventually captured ~% of the cooking oil market in China in 2013.

China cooking oil market is estimated to witness ~ thousand tons of consumption of cooking oil in MY’2018. The future of China cooking oil market is expected to be favorable on account of continuing government support to enhance production and decrease adulteration; anticipated use of better and adequate production tools, enhanced agronomic practices followed with substantial improvement in technology resources and input quality. The cooking oil market in China is augmented to grow at a minimal yet increasing CAGR of ~% during the forecast period MY’2013-MY’2018.

Key Topics Covered in the Report:

  • The market size of China cooking oil market in terms of volume production, supply, consumption and value in the last 4 years (MY’2009-MY’2013)
  • China cooking oil market segmentation by production, supply, consumption and retail sales of different types of cooking oils (MY’2009-MY’2013)
  • China cooking oil market segmentation by soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil market dynamics (MY’2009-MY’2013)
  • Trends and developments with details on enforced government legislations and comparison of different types of oil in cooking oil market in China
  • Pricing trends of soybean, rapeseed and palm oil in China (MY’2010-MY’2013)
  • China cooking oil market import & export scenario (MY’2009-MY’2013)
  • Challenges involved in cooking oil market
  • Market share of major players by brands in China cooking oil market (2013)
  • Competitive landscape and company profiles with global operations and financial performance of the major cooking oil companies operating in China cooking oil market (Wilmar International, COFCO, Shandong Luhua Group and others)
  • Future projections and macro economic factors of China cooking oil market.

 

Table of Contents

1.China Cooking Oil Market Introduction

China Across the Globe

1.1.Types of Cooking Oil used in China

1.2.China Cooking Oil Industry Value Chain in Context to Technological Processing

2.China Cooking Oil Market Size

2.1.By Volume, MY’2009-MY’2013

2.2.By Value, MY’2010-MY’2013

3.China Cooking Oil Market Segmentation

3.1.By Production, Supply, Consumption and Retail Sales of Different Types of Cooking Oils, MY’2009-MY’2013

3.1.1.By Production, MY’2009-MY’2013

3.1.2.By Total Supply, MY’2009-MY’2013

3.1.3.By Domestic Consumption, MY’2009-MY’2013

3.1.4.By Retail Sales Value of Major Cooking Oils, MY’2010-MY’2013

3.2.China Soybean Oil Market Dynamics

3.2.1.Market Supply & Consumption of Soybean Oil, MY’2009-MY’2013

3.3.China Rapeseed Oil Market Dynamics

3.3.1.Market Supply & Consumption of Rapeseed Oil, MY’2009-MY’2013

3.4.China Palm Oil Market Dynamics

3.4.1.Market Supply & Consumption of Palm Oil, MY’2009-MY’2013

3.5.China Peanut Oil Market Dynamics

3.5.1.Market Supply & Consumption, MY’2009-MY’2013

3.6.China Cottonseed Oil Market Dynamics

3.6.1.Market Supply & Consumption, MY’2009-MY’2013

3.7.China Sunflower Seed Oil Market Dynamics

3.7.1.Market Supply & Consumption of Sunflower Seed Oil, MY’2009-MY’2013

3.8.China Coconut Oil Market Dynamics

3.8.1.Market Supply & Consumption of Coconut Oil, MY’2009-MY’2013

4.Trends & Development in China Cooking Oil Market

4.1.Price Trends of China Cooking Oil Market, MY’2010-MY’2013

4.2.Legislations Enforced in China Cooking Oil Market

4.3.Comparison of Different Types of Oil by Fatty Acid Composition

From Inexpensive & Unhealthy to Standard Healthy Oil (such as Olive Oil)

5.China Cooking Oil Market Import & Export Scenario, MY’2009-MY’2013

6.Challenges Involved in Cooking Oil Market

Increasing Adulteration of Cooking Oil

Immediate Need for Sustainable Palm Oil

7.Market Share of the Major Brands in China Cooking Oil Market, 2013

8.Company Profiles of the Major Players in China Cooking Oil Market

8.1.Wilmar International

8.1.1.Company Overview

8.1.2.Operations & Cooking Oil Business in China

8.2.China National Cereals, Oils and Foodstuffs Corporation (COFCO)

8.2.1.Company Overview

8.2.2.Operations & Cooking Oil Business in China

8.3.Other Players in China Cooking Oil Market

9.China Cooking Oil Market Future Outlook & Projections, MY’2014- MY’2018

9.1.Cause and Effect Relationship in China Cooking Oil Market

10.Macro Economic Factors for the China Cooking Oil Market

10.1.Population in China, 2007-2018

10.2.Gross Domestic Product (GDP) in China, 2007-2018

10.3.Personal Disposable Income (PDI) Per Capita in China, 2007-2018

10.4.Vegetable Oil Consumption Per Capita in China, MY’2009-MY’2018

10.5.Harvested Area of Oilseeds in China, MY’2009- MY’2018

11.Appendix

11.1.Market Definitions

11.2.Abbreviations

11.3.Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

11.4.Disclaimer

 

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Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

What is the Potential of the India Edible Oil Market: Ken Research


India is the second most populous country in the world housing more than 15% population creating a huge consumer base. Post liberalization and deregulation of license based market in 1991, has led to healthy growth in economy. Many new foreign companies as well as domestic companies have expanded their business in the edible oil segment to cater the larger population in the country. India consumes an estimated ~ million tons of oil in FY’2017 of which majority (~%) of the oil was imported. India consumes an estimated ~ million tons of oil in FY’2017 of which majority (~%) of the oil was imported. Palm oil is the most consumed oil in India but is almost entirely imported from Malaysia and Indonesia. Even though imports dominate the market production of edible oil domestically has declined over the years from ~ MMT in FY’2012 to ~ in FY’2017.

In India majority of the edible oil is imported, both refined and crude edible oil is imported which is then processed and packaged before being sold in the market. The change in taste and preference of the consumers because of the quest for low fat and low absorb oil has led several oil such as Soybean oil, sunflower oil and safflower oil to make an entry into the Indian kitchen. India edible oil market increased from ~ MMT in FY’2012 to ~ MMT in FY’2017 registering a five year CAGR of ~%. It is expected that future demand for edible oil will register a constant increase. The market will increase from ~ million metric tons in FY’2018 to ~ million metric tons in FY’2022. Entry of new players such as Mahindra, Cofco, Patanjali will further boost the market. Share players in the organized sector will increase as demand for packaged edible oil increases.

India Palm Oil Market Market Size

Palm oil is the leading oil consumed in India with majority of it being imported. The revenue generated from sale of palm oil in India was estimated at INR ~ billion in FY’2017 registering a decline due to fall in imports. Consumption in terms of volume was estimated at ~ million tons. Domestic production of palm oil registered constant increase in demand registering a five year CAGR of ~% between FY’2012 to FY’2017. Andhra Pradesh was the leading state in terms of production of crude palm oil in India.

Northern regions of the country are the major consumers of palm oil, which has accounted for a sizeable share of ~% Eastern region of the country are the third largest palm oil consumers, which has commanded consumption share of ~% in terms of volume during FY’2017. Western regions have a comparatively lower consumption share of ~% only.

Organized sector constituted majority of the sales accounting for ~% (~ thousand tons) of the total sales by volume in palm oil segment. Unorganized sector captured market share of ~% with an estimated sales volume of ~ thousand tons.

India Soybean Oil Market Market Size

Market for Soybean oil increased from INR ~ billion in FY’2015 to INR ~ billion in FY 2017. Growth in demand for soybean oil was on account of reduced demand for palm oil due higher increase in its prices. Its consumption has increased from ~ MMT in FY’2012 to ~ MMT in FY’2017. Domestic production during the same period declined from ~ MMT to ~ MMT. Decline in production was mainly due to fall of prices in the international market making domestic production less attractive.

 

Source: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/india-edible-oil-market-2022/130172-11.html

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

https://www.kenresearch.com/blog/2017/08/potential-india-edible-oil-market-ken-research/

Increasing Demand for Flat and Long Steel Products Owning to Growth in UAE Construction Sector is Driving Demand for Steel Pipes and Rebars in the UAE: Ken Research


Steel consumption in the UAE has witnessed a tremendous growth supported by rising construction activities, increasing government and private investment spending, thus collectively generating high demand for steel rebars in the UAE.

The report titled “UAE Steel Pipes and Rebars Market Outlook to 2021 – Growing Demand for Flat and Long Steel Products to Drive Future Growth” by Ken Research suggested a five year positive CAGR in sales volume for steel pipes and revenues for steel rebars in the UAE for the projected period 2017-2021.

Fast expanding construction and infrastructure sector in the UAE has led to increase in production and consumption of both flat and long steel products including steel rebars, coils, strips and sheets and plates. Ongoing projects in the UAE, especially the projects related to infrastructure development to host the World Expo 2020 in Dubai are going to increase in demand for flat and long steel products. Steel Rebar is a key construction commodity, which has sailed through many price corrections. Moreover, UAE is a large market for international steel pipes which was evident from the fact that steel pipes market in UAE including seamless, SAW and LSAW pipes is highly import driven, thus resulting into less presence of manufacturing units in the country. Domestic manufacturing of ERW pipes is the major source of revenue for steel pipes market in the UAE.

In order to ensure that every emirate region has a suitable and adequate housing, Abu Dhabi government provides a wide range of choices in housing and funding such as house and land allocation, housing loans, construction loans and others which further boosts the demand for steel rebars in the country. Revenues in UAE steel rebars market constitutes selling steel rebar units majorly in oil and gas, construction, manufacturing and other sectors.

Major companies such as Universal Tube and Plastic Ind. Co, Conares, Ajmal Steel Tubes and Pipes Industries LLC, KD Industries Inc, Tiger Steel Industries LLC, ADPICO, Global Steel Industries, Excel Group of Companies, UAE Emirates Steel, Hamriah Steel and Union and Iron Steel Company for steel pipes and rebars are maintaining quality standards owning to specific ISO certifications and API quality standards.

Key Topics Covered in the Report:

Steel Pipe Tube Supplier Uae

Universal Tube and Plastic Market Share

Uae Seamless Steel Pipe Industry

Steel Pipe Suppliers in Uae

Uae Rebars Market

Imports Steel Rebars Uae

Uae Rebars Manufacturers

Uae Steel Pipe Manufacturers

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uae-steel-pipes-rebars-market/131705-97.html

Related Reports by Ken Research

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-steel-pipes-rebars-market/130124-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uk-reinforced-thermoplastic-pipes-rtp/128360-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/uae-construction-sector-driving-demand-steel-pipes-rebars-uae-ken-research/

Africa Stands on Dominating Position in Global Diamond Industry: Ken Research


World’s diamond supply is expected to remain stagnant over the next few decades with the increases in demand. Diamond mines are extremely rare and the supply for diamonds is in high demand. Canada produces and markets high quality diamonds in the world. It was observed that the diamond production decreased with the growing years. Alrosa, De Beers SA, Rio Tinto Plc, Dominion Diamond Corporation and Petra Diamonds Ltd. are the global largest popular diamond miners. Few other major diamond producing mines are The Argyle, Orapa, Jwaneng, Diavik, Catoca and Nyurbinskaya other than the world’s largest diamond mining companies. These miners produced above 150 million carats of rough diamonds in a year. The rough diamonds are sent through the so-called diamond pipeline. The produce a diamond, the rough diamond undergoes various processes. The chain runs from dealers to diamond cutters, polishers, to jewellery manufacturers, to retail stores, and finally to consumers.

According to the research report “Global Diamond Mining to 2020”, it is expected that the demand for diamonds is expected to grow worldwide, with the decline in the diamonds supply over the coming years. Gahcho Kué, is the largest new diamond mine in Canada that will produce up to 6 million carats annually by the year 2020. Russia, Botswana, the Democratic Republic of the Congo (DRC), Australia, Canada, Zimbabwe, Angola and South Africa are the top eight rough diamond production centres. These countries account for the 97% of the global diamonds production. The world’s largest diamond mining companies account for 70% of the global diamond production.

Rough diamonds are usually found in kimberlite, lamproite and alluvial deposits. The Botswana’s Orapa region and in South Africa has the world’s largest kimberlite reserves and the Atlantic coasts of South Africa and Namibia possess alluvial deposits. The lamproite deposits are found in the Australian Argyle mine in Kimberley region. The expansion of global diamond mining operations mainly focuses on the accessibility of diamond deposits and the depth of occurrence of the rough diamond deposits which are increasing challenges in the diamond mining market.

Global Diamond Mining to 2020, report includes global reserves of diamonds, global rough diamond processing, and diamond trade in the next few decades. The diamond mining project are becoming more capital intensive, necessitating substantial investments, especially in the field of technology. The actively operating diamond mines in the world are in Asia-Pacific (APAC), Oceania, Middle East and Africa (MEA), Americas and Former Soviet Union (FSU). There are various factors affecting the global diamond industry are demand for diamonds, reserves, historic and forecast production, major exporting and importing countries, active, exploration and development projects and the competitive landscape.

SSA (Sub-Saharan African) countries will continue to dominate global diamond production, supported by operating costs and strong projects in the pipeline. The diamond production growth is majorly driven by African countries even though Russia is the world’s largest diamond producer in the world. The top diamond producers in South Africa are Congo- Brazzaville, Ghana, Guinea, Guyana, Lesotho or Sierra Leone.  African miners benefit a lot due to competitively low operating costs and solid project pipelines. Foreign miners look forward to invest in mines that have already yielded sizeable diamond recoveries.

The production cost is all set to increase with the increasing transparency and ensuring responsibly sourced diamonds. With the younger generation more attracted to the diamonds and with more consumer spending limit there is a growth in the diamond market along with supported production. As the supply of diamonds slows down in the next few years the price is expected to remain stagnant. However, if global production continues to increase with the demand then the oversupply will lower the diamond prices. The SSA countries are highly depended on diamond revenue; therefore, the diamond producers are more exposed to price fluctuations.

Key Topics Covered in the Report:

Global Diamond Reserves by Country

Global Diamond Mining Reserves by Selected Operating Mines

Global Diamond Industry research

Diamond demand in North America

Europe Diamond market demand analysis

Global Precious metals market analysis

Global mining equipment market research

Diamond Market projections analysis

South Africa Diamond sector analysis

Russia Diamond jewellery market

US diamond jewellery market research

Asia Pacific Diamond jewellery market

To know more, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/mining/global-diamond-mining/70766-101.html

Related reports

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/global-diamond-mining-investigation/82779-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/global-diamond-mining/84835-101.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/africa-stands-dominating-position-global-diamond-industry-ken-research/

UAE Steel Pipes and Rebars Market Outlook to 2021: Ken Research


The report titled “UAE Steel Pipes and Rebars Market Outlook to 2021 – Growing Demand for Flat and Long Steel Products to Drive Future Growth” provides a comprehensive analysis of steel pipes and rebars in the UAE. The report focuses on overall market size for steel pipes and rebars sold in the UAE, market segmentation of steel pipes by type of steel pipes (ERW, seamless, SAW and LSAW), by diameter of ERW pipes (0.25-6.0 inches and 8.0-12.0 inches), by sectoral demand for seamless pipes (construction and oil and gas), by sectoral demand for ERW pipes (construction, oil and gas and others), by regional demand (Dubai, Abu Dhabi, Ajman, Sharjah and others); market segmentation of steel rebars by trade (domestic demand and imports), by sectoral demand (construction, oil and gas, manufacturing and others) and by regional demand (Abu Dhabi, Dubai and other emirates).

The report also covers company profile of major players, competition scenario; import scenario for steel rebars; decision making process, government regulations; growth drivers and trends and issues and challenges. The report concludes with SWOT analysis and market projection for future highlighting the major opportunities and cautions.

Market Size for Steel Pipes and Rebars in UAE

UAE steel pipes market produced ~ million tonnes of steel pipes in 2011 exhibiting a five year CAGR of ~% from 2011 to 2016. The market for sales witnessed a positive trend in the country as the sales volume increased to ~ million tonnes of steel pipes in 2016 majorly used in construction sector, oil and gas sector and others.

On the other hand, steel rebars market in the UAE generated revenues worth USD ~ million 2011, which grew to USD ~ million, thus selling ~ million tonnes worth steel rebars in 2016 which is evident from five year CAGR of ~% from 2011 to 2016. Increase in usage of steel rebars is displayed through rising construction activities, increasing government and private investment spending, thus collectively generating high demand for steel rebars in the UAE.

UAE Steel Pipes Market Segmentation

By Type of Steel Pipes

The ERW pipes segment dominated the steel pipes market with revenue share of ~% in 2016 owning to high demand of galvanized coated pipes and its various applications like fencing, line pipe and scaffolding in water pipelines, agriculture and irrigation (water mains, industrial water pipe lines, plant piping, deep tube wells, casting pipes and sewerage piping); gas pipelines and LPG and other non-toxic gases. Whereas, seamless pipes, SAW pipes and LSAW pipes segment were witnessed to generate ~%, ~% and ~% revenue shares respectively in UAE steel pipes market in 2016.

By Diameter of ERW Pipes

Based on diameter of ERW pipes, steel pipes market in UAE was classified into 0.25 inches to 6.0 inches and 6.0 inches to 12.0 inches. ERW pipes with 0.25 inches to 6.0 inches diameter dominated the market by capturing ~% of total sales volume in 2016 Whereas, ERW steel pipes with diameter between 6.0 inches to 12.0 inches followed the market with ~% of total sales volume in 2016.

By Sectoral Demand for Seamless Pipes

Low cost coupled with high yield strength and better stress corrosion resistances are some of the major factors responsible for high demand of seamless pipes in the construction sector. On the other hand, demand for seamless pipes from oil and gas sector was able to capture ~% revenue share in UAE steel pipes market in 2016.

UAE Steel Rebars Market Segmentation

By Sectoral Demand

The construction sector dominated UAE steel rebars market with revenue share of ~% in 2016. Increasing construction activities and advancement of construction technologies are some of the major factors, driving the demand for steel rebars in the UAE. Oil and gas sector followed with revenue share of ~% of the total sales volume whereas, manufacturing and other sectors captured the remaining ~% revenue share in UAE steel rebars market in 2016.

By Regional Demand

Abu Dhabi region dominated the UAE steel rebars market with revenue share of ~% in 2016 owning to rising construction projects in the residential sector. Initiatives taken by the government to protect the local steel manufacturing sector led to increase in number of mega projects and infrastructures in Abu Dhabi. Dubai followed with revenue share of ~% of the total sales volume whereas; other emirates such as Ajman, Fujairah, Sharjah, Ras al-Khaima and Umm al- Quwain captured the remaining ~% revenue share in 2016.

Competition Scenario in UAE Steel Pipes and Rebars Market

UAE steel pipes and rebars market is highly concentrated with the presence of major players such as Universal Pipes, Conares Pipes, Ajmal, KD Industries, Tiger Steel, ADPICO, Global Steel Industries, Excel Group of Companies, UAE Emirates Steel, Hamriah Steel and Union Iron and Steel Company. The construction and infrastructure boom in the country in the past decade majorly contributed to the rapid growth of steel pipes and rebars in the industry which led to emergence of several companies in this sector. These companies are facing immense unfair competition from Chinese suppliers.

Future Outlook to UAE Steel Pipes and Rebars Market

Over the forecast period, UAE steel pipes market will prepare itself to meet the future demand expected from substantial investment proposed in key areas such as construction, oil and gas, agriculture, manufacturing and others. With increase in residential and commercial complexes in the UAE, the complexes have to comply with the latest government regulations on fire safety and security through water treatment equipment, which is expected increase the demand for ERW pipes in the country. Infrastructure sector is also expected to generate massive demand for the industry owning to increasing projects such as construction of dams, power projects, railways, bridges and others which involve a huge quantity of pipes. Apart from the announcement of major landmark projects; the improved efficiency of supply chain ecosystem in the industry, the capacity and technologies in place to cater to the requirement, and facilitating the adoption of latest innovations in production have also played a key role to signal a boom in the steel industry. Steel pipes market in the UAE is expected to sell ~ thousand tonnes worth steel pipes by 2021, thus growing at a CAGR of ~% for the projected period of four years from 2017 to 2021.

Key Topics Covered in the Report:

UAE Steel Pipes and Rebars Market Overview and Genesis

Value Chain Analysis of UAE Steel Pipes and Rebars Market

UAE Steel Pipes Market

UAE Steel Rebars Market

Decision Making Process adopted by Customers before purchasing Steel Pipes and Rebars in UAE

Growth Drivers and Trends in UAE Steel Pipes and Rebars Market

Issues and Challenges in UAE Steel Pipes and Rebars Market

Government Regulations in UAE Steel Pipes and Rebars Market

SWOT Analysis in UAE Steel Pipes and Rebars Market

Future Outlook and Projections for UAE Steel Pipes and Rebars Market

Macroeconomic Factors affecting UAE Steel Pipes and Rebars Market

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uae-steel-pipes-rebars-market/131705-97.html

Related Reports by Ken Research

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-steel-pipes-rebars-market/130124-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uk-reinforced-thermoplastic-pipes-rtp/128360-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/uae-steel-pipes-rebars-market-outlook-2021-ken-research/

Rise in Urbanization, Growth in Organized Sector and Out-of-Home Eating to Drive the Market for Edible Oil in India: Ken Research


  • Edible Oil Market is expected to move towards organized sector where producers will be held liable for quality of his products.
  • Demand for packaged edible oil is expected to increase as it is convenient to store and is available in variety of packaging sizes.
  • Regional oil will continue their dominance in the market but prices will play a key role in retaining the customer to particular oil as his or her first choice.
  • Increased productivity and support from government in form of better MSP, technical education, creating infrastructure and framing favorable policies will boost the domestic production.

Edible oil market growth is mainly driven by increased demand for out-of-home consumption and rising population especially in urban areas. Share of organized sector is expected to register a double digit growth rate registering significant increase in market penetration and better availability of package oil in all sizes. Manufacturing of customized oil which is generally sold at premium will gain market share as awareness about their availability increases. Entry of new players such as Mahindra, Cofco, and Patanjali will further boost the market. Even though per capita consumption is highest in western region volume demand will remain maximum in northern part due to large concentration of population.
Demand for healthy oils is on rise which is evident from the fact that rice bran oil, sunflower oil, olive oil and their blends have gained popularity in the market. Oil targeting specific set of population was also launched to attract customers and get the first mover advantage. Urban cities account for majority of the demand for packaged healthy and branded blended oils and the trend will continue in the future with tier 3 cities also joining the league. Penetration of packaged oil is on improvement as distribution improves ensuring that all type of oil is available in all sizes based on demand. Increased habit of eating out has driven the demand for large size packages and cheaper edible oil and the trend is expected to continue in the future.
According to analysts at Ken Research, increased import duty of refined oil will increase the utilization rate of Indian refineries and ban on selling edible oil in open will help in checking the adulteration. Creating consumer awareness about new product and helping them to select the right oil will further help the companies to boost their revenue and gain the goodwill about the brand. Government can continue to support farmers through MSP and better training and forecasts about the weather.
Ken Research in its latest study titled “India Edible Oil Market Outlook to 2022 – Growth in Organized Sector and Out-of-Home Eating Trend to Drive Future Demand expected that future demand for edible oil will increase from 25.6 million metric tons in FY’2018 to 32.4 million metric tons in FY’2022.
Key Products in the Report

Palm Oil, Soybean Oil, Mustard Oil, Sunflower Oil, Groundnut Oil, Olive Oil, Rice Bran Oil, Coconut oil, Cotton seed oil

Key Market Players in the Report

Cargill, Ruchi Soya, Adani Wilmar, Marico, Sundrop, Kaleesuwari, Emami, Borges

Related Reports

India Spice and Spice Mixes Market Outlook to 2020 – Rise in Exports and Initiation of Spice Parks to Shape Future Growth
India Dairy Products Industry Outlook to 2019 – Dominating Branded Players and Rising Milk Availability to Foster Growth
India Sugar Market Outlook to 2020 – Rising Sugarcane Availability and Government Initiatives to Shape Future
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

https://www.kenresearch.com/blog/2017/08/rise-urbanization-growth-organized-sector-home-eating-drive-market-edible-oil-india-ken-research/

South African Non-Life Insurance Sector Expected To Improve: Ken Research


The non-life insurance segment in South Africa has registered itself to be resilient in some past years. There had been a downward pricing pressure in non-life insurance, due to sluggish economic conditions in the country. However, from 2009 to 2016, there has been an enormous growth in the sector of non-life insurance in South Africa.

According to the report, “Non-Life Insurance in South Africa, Key Trends and Opportunities to 2020”, the large domestic financial services provided in South Africa are used to dominate the non-life insurance segment companies. There has been around 40% of total premiums being accounted by Mutual & Federal, Santam and Zurich local operators in non-life insurance segment in South Africa. Momentum Group and Outsurance, represents First Rand Group and non-life subsidies is exhibited by Absa. Health Insurance, metropolitan and Holland are the main focus of many substantial private independent companies in South Africa.

In 2010, an important merger of metropolitan and momentum took place, which was a key factor for development of the insurance sector. Nowadays, in the retail market, metropolitan mainly focus on low and middle-income consumers and high income consumers are managed by momentum through concentrating their activities.

Alexander Forbes has prolonged to be a broker of short-term insurance which provides various risk management solutions. The insurers may be affected by the downturn was Guard risk. The leading provider of captive cell solution for client is Guard risk. Before the slowdown, South Africa has ensured that their balance sheet has been in good shape. For the major players in the market of non-life insurance, the coming years will be challenging. Economic growth will be fairly flat and premium growth of domestic insurance industry will be no low than the normal growth of the economy. For personal and commercial line business, the market is anticipated to be soft and the recovery will take place but at slow pace.

The reason behind the fall in non-life insurance penetration is the low level of disposable income of an individual household which makes an earning pressure on business in the short term; a strong resume has boosted consumer’s confidence regarding the insurance policy. Non-financial alternatives are the competition of insurance products.

The non-life insurance sector is mature now and numerous niches are growing rapidly mainly in relation with GDP per capita. The trade association for the non-life insurers, South Africa Insurance Association (SAIA) has emphasized the need to reduce the numerous deaths on road. In future years, the non-life insurance sector will grow as people tend to purchase more vehicles in future.

Key Topics Covered in the Report

Global Non Life Insurance Industry Research

South Africa Non Life Insurance Market Research Report

South Africa Non Life Insurance Upcoming Trends

South Africa Primary Non Life Insurance Industry Analysis

South Africa Insurance Sector Growth Opportunities

South Africa General Insurance Market Demand

South Africa Non Life Insurance Policy Developments

South Africa Non Life Insurance Market Share

South Africa Life Insurance Industry Future Outlook

South Africa Non Life Insurance Industry Overview

South Africa Non Life Insurance Sector Growth Potential

To know more about the research report:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-south-africa-key-trends/111700-93.html

Related reports:

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https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-burundian-insurance-industry/3899-93.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/south-african-non-life-insurance-sector-expected-improve-ken-research/

Rising Demand to Assist Personal Accident Insurance in South Africa: Ken Research


A health insurance policy basically covers all essential health care like- all injuries, accidents weather they occur in workplace, while travelling or at home. Other benefits depend on the type of health insurance policy one takes. Also premium services and benefits are provided if paid more for services.

Due to rises in medical costs day by day, people go for health and personal accident insurance policy and many companies provide innovative and diverse schemes that are affordable enough by the people. Some people take a limited coverage for major and serious conditions that may happen in future. Some insurance policy covers a major percentage of the claim and the remaining is paid by the consumer or policyholder.

Discovery Health has prolonged to be the largest medical insurer in South Africa with about 1.5 million members. It is very competitive for other players in the industry of personal accident and health insurance in South Africa.

According to the report, “Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2020”, South Africa healthcare industry is significantly impacted by the launch of (NHI) National Health Care Insurance in direct as well as indirect way in its personal accident and health insurance sector. In terms of total written premium, the personal accident and health insurance is a small segment in whole insurance industry of South Africa and NHI will considerably enlarge the segment.

 In 2014, with 90 insurers, the personal accident and health segment was seen to be overcrowded. Guard risk Insurance Company, Rand mutual Assurance Company Limited, Monarch Insurance Company Limited, Constantia insurance Company Limited and Holland Insurance Company Limited had been the top 5 companies which dealt with personal accident and health insurance in South Africa.

In 2015, the segment of personal accident and health insurance has been observed to account for about 4% in insurance gross written premium in South Africa. The personal accident and health insurance leading distribution channel in South Africa are the brokers. They have been the bridge between the final consumer and the insurance company. They play a vital role which helps both the party and in return brokers get commission. Before informing consumer about the insurance policy, broker needs to be fully educated regarding the policy and they need to keep themselves up to date. In 2015, the five leading companies of personal and health insurance segment in South Africa accounted for about 70.3% total gross.

In insurance industry of South Africa, personal accident and health insurance will remain and important driver as the non-insured population are insured with the launch of HIV/AIDS insurance which covers health insurance as well as life insurance companies.

The health insurance segment category has been the largest contributor of insurance industry and will continue to remain at top because of its excessive demand. Many people in South Africa have at least health insurance since every person suffers from some health problems in their old age; health insurance thus becomes a supportive hand at the crucial time.

Key Topics Covered in the Report

South Africa Personal Accident Insurance Market Research Report

South Africa Health Insurance Industry Analysis

South Africa Health and Life Insurance Market Demand

South Africa Personal Accident Insurance Policy Developments

South Africa Insurance Sector Growth Opportunities

Global Personal Accident and Health Insurance Industry Research

South Africa Personal Accident Cover and Insurance Market Size

South Africa Health Insurance Upcoming Trends

South Africa Non-Life Insurance Sector Growth Potential

South Africa Life Insurance Industry Future Outlook

South Africa General Insurance Industry

To know more about the research report:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-south-africa-key-trends/111701-93.html

Related reports:

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https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-burundian-insurance-industry/3899-93.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/rising-demand-assist-personal-accident-insurance-south-africa-ken-research/

South African Reinsurance Sector to Triumph via Support of Affirmative Policy Developments: Ken Research


Reinsurance basically refers to the insurance bought by an insurance company from either one or more insurance companies either directly or through a broker as a means of risk management. Both, the ceding company and the reinsurer enter into a reinsurance agreement which contains the conditions, on the basis of which, the reinsurer has to pay a certain share of the claims that are incurred by the ceding company.

According to the report, “Reinsurance in South Africa, Key Trends and Opportunities to 2020”, a comprehensive analysis of the market trends is undertaken wherein drivers and challenges in the South African reinsurance segment are studied well. The South African reinsurance segment has registered a compounded annual growth rate of about 8.9% when observed starting from 2011 and ending at 2015. This report offers the values for significant market performance indicators that include- written premium, reinsurance ceded and reinsurance accepted. A proper overview of the South African economy and its demographics, along with detailed investigation of natural hazards and their impact on the South African insurance industry is provided by the report.

The South African reinsurance industry is greatly concentrated, with the leading companies reckoning for a majority share of 85.6% in the industry’s total gross written premium in 2015. Herein, non-life segment yielded a premium that accounted for about 29.3% in the reinsurance market in 2015, followed by personal accident and health segment with around 8% and the life segment registering around 4.5%.

Reinsurance market has prolonged to account for an indispensable component of the country’s risk management plans because of the frequent happenings of natural disasters. However, a decline in the severity of the natural disasters that took place in the country during the review period has further led to an excess in the available reinsurance capacity. Therefore, the reinsurers along with the government will have to adapt to several effective pricing and policies and efficient steps pertaining to various risk mitigation efforts that would ameliorate the market conditions on a whole and attract more customers to opt for reinsurance. Also, in order to remain competitive and profitable, the reinsurers have to be extremely careful while stepping up both adaptations of underwriting as well as optimal efforts to mitigate risk – through proper examination of the current practices of local authorities.

If technology that prevails in South Africa is taken in consideration, it is found that it has been robustly securing itself to be a major factor responsible for accessing new customers in new markets thereby looking up for all the possibilities of growth. In the Middle East, like many other markets, the insurers are searching for alternative distribution routes available. With the advent of latest technology, even the aggregator websites are turning into big businesses and the market for mobile apps to sell products is also developing. Compared to other African countries, South African insurance companies have been initially steady to make a move into the mobile apps space. However, it is noticed that the number of insurers moving into this area has substantially augmented and in the coming years, a positive rapid growth is anticipated. As a result, insurers are getting more involved into looking up for innovative ideas as to how they can well deploy the new technologies like artificial intelligence and machine learning in order to enjoy savings by lessening back-end overheads, tackling fraudulent claims and bringing down the headcount.

Micro-insurance is another important product that offers a significant growth potential in South Africa and a new framework for the same is anticipated to be established under the upcoming Insurance Bill, which is framed to assist the growth of this market, and highlights the groundwork for specific standards to be adequately followed. The Bill is foreseen to reduce the amount of capital required to be generally held by micro-insurance businesses and will thus, lower the regulatory norms that are required for selling such products. Favored mainly by strong cultural factors, the funeral insurance has been the most prevalent type of micro-insurance products that is currently available in South Africa. Indeed, this has accounted to be one of the country’s biggest-selling policies and possesses an enormous market perforation rate due to the fear of risk of lives to almost majority of the population. Accordingly, the global micro insurance market is all set to prosper at increasing growth rates year after year.

The population of this country, as depicted in the graph below, is persistently going to increase in the coming years as well since an increasing trend in the same can be witnessed from year 2012 to 2016 which will undoubtedly continue without any fail. With increasing levels of population, the South African reinsurance market on a whole has already proliferated really well if recent performances are compared with past performances and in the years to proceed as well, the reinsurance industry is all set to just get better with more and more people joining the customer base of this industry, thereby multiplying it every year and opening up great opportunities for growth and development of this sector.

Several reinsurance programs have been of great importance to well cover up the losses suffered by insurers, however, shrinkage in the profit margins could make them highly vulnerable and lead to marginal reinsurance purchases for protection of carriers since they adapt to the upcoming risks. Thereby, South African reinsurers, who have adapted themselves to the augmenting scales of risk with more sophisticated risk management functions, are highly likely to come out as one of the strongest competitors of the reinsurance market in the coming years.

 

To know more about the research report:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-south-africa-key-trends/111702-93.html

 

Related reports:

Governance, Risk and Compliance-The Burundian Insurance Industry

Governance, Risk and Compliance-The Qatari Insurance Industry 

 

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

https://www.kenresearch.com/blog/2017/08/south-african-reinsurance-sector-triumph-via-support-affirmative-policy-developments-ken-research/

Increased Spending on Exploration and Production of Oil and Gas and Construction Activities is Expected to Drive the Steel Pipes and Rebars Demand in Saudi Arabia: Ken Research


Major steel manufacturing companies are ISO 3183:2012, ISO 11960:2014, ISO 11961:2008 and ISO/CD 11961; ISO 9443:1991, ISO 10353:1980, ISO 10144:1991, ISO 722:1991 and ISO 158351:2009; A53-B, A106-B and API 5L-B; ASTM A955 / A955M – 17 and ASTM A615 / A615M – 16 certified to successfully supply the final product in Saudi Arabia steel pipes and rebars market.

The report titled “Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021 – Growth of Construction Sector and Oil & Gas Projects is Likely to Drive Demand” by Ken Research suggested a five year positive CAGR in sales volume of steel pipes and revenues of steel rebars in Saudi Arabia for the projected period 2017-2021.

The oil companies operating in Saudi Arabia have gained access to a wide variety of crudes with modern horizontal drilling and hydraulic fracturing techniques. Furthermore, the country has an outgrowing demand for seamless pipes and tubes which is driven by growing popularity in demand for high grade Oil Country Tubular Goods (OCTG) constituting a wide range of steel tubular products specifically seamless pipes and tubes in various sizes and lengths that are used in oil and gas exploration and production.

Saudi Arabia has an oil based economy with strong government controls over major economic activities. The country has emphasized their goals of diversification majorly due to decline in oil prices, thus forcing the government to make more drastic changes ahead of their long-run timeline. Major companies such as Arcelor Mittal Ltd, Arabian Pipes Co, National Pipes Co, Global Pipes Co, Saudi Steel Pipe Co and Welspun Corp Ltd for steel pipes; and Atteih Steel, Rajhi Steel, Al-Ittefaq Steel Products Co, Zamil Steel Construction Co Ltd and Riyadh Steel for steel rebars are maintaining quality standards owning to specific ISO certifications and API quality standards. Lastly, the steel consumption is increasing majorly due to rising construction activities, growing investment in railway, infrastructure and road projects. While the construction of infrastructure forms a large part of Saudi Arabia’s development ambitions and major projects involving high usage of steel rebars are underway.

Key Topics Covered in the Report

Lsaw Pipe Market Size

Imports Steel Rebars Saudi Arabia

Steel Tube Pipe Sectoral Demand

Arcelor Mittal Steel Pipe Revenue Ksa

Steel Pipe Suppliers in Saudi Arabia

Saudi Arabia Rebars Manufacturers

Sales Steel Pipes Market

Saudi Arabia Seamless Steel Pipe Industry

Steel Pipe Tube Supplier Ksa

Saudi Arabia Steel Pipe Manufacturers

National Pipe Revenue Mix Ksa

Flat Square Rebars Market Demand

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-steel-pipes-rebars-market/130124-97.html

Related Reports by Ken Research

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/united-states-reinforced-thermoplastic-pipes-rtp/128377-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uk-reinforced-thermoplastic-pipes-rtp/128360-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

https://www.kenresearch.com/blog/2017/08/steel-pipes-rebars-demand-saudi-arabia-ken-research/

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


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

 

Related reports:

Governance, Risk and Compliance-The Lesotho Insurance Industry

Governance, Risk and Compliance-The Qatari Insurance Industry


Contact Us:

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

https://www.kenresearch.com/blog/2017/08/life-insurance-sector-evolve-soon-south-africa-ameliorating-economy-ken-research/